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Adtran Holdings (FRA:ATN) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Adtran Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Adtran Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Adtran Holdings's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Adtran Holdings Cyclically Adjusted Price-to-FCF Chart

Adtran Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.77 28.07 76.90 240.03 -

Adtran Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 240.03 - - - -

Competitive Comparison of Adtran Holdings's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Adtran Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Adtran Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Adtran Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Adtran Holdings's Cyclically Adjusted Price-to-FCF falls into.



Adtran Holdings Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Adtran Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Adtran Holdings's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.301/129.4194*129.4194
=-0.301

Current CPI (Dec. 2023) = 129.4194.

Adtran Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.099 99.695 0.129
201406 0.135 100.560 0.174
201409 0.209 100.428 0.269
201412 0.176 99.070 0.230
201503 0.182 99.621 0.236
201506 0.090 100.684 0.116
201509 -0.007 100.392 -0.009
201512 -0.159 99.792 -0.206
201603 0.227 100.470 0.292
201606 0.026 101.688 0.033
201609 0.022 101.861 0.028
201612 0.105 101.863 0.133
201703 0.099 102.862 0.125
201706 0.145 103.349 0.182
201709 -0.058 104.136 -0.072
201712 -1.154 104.011 -1.436
201803 0.745 105.290 0.916
201806 0.080 106.317 0.097
201809 -0.103 106.507 -0.125
201812 0.080 105.998 0.098
201903 0.145 107.251 0.175
201906 -0.021 108.070 -0.025
201909 -0.050 108.329 -0.060
201912 -0.301 108.420 -0.359
202003 -0.027 108.902 -0.032
202006 -0.001 108.767 -0.001
202009 -0.157 109.815 -0.185
202012 -0.209 109.897 -0.246
202103 0.170 111.754 0.197
202106 0.102 114.631 0.115
202109 0.163 115.734 0.182
202112 -0.506 117.630 -0.557
202203 0.063 121.301 0.067
202206 -0.240 125.017 -0.248
202209 -0.604 125.227 -0.624
202212 -0.102 125.222 -0.105
202303 -0.338 127.348 -0.343
202306 -0.329 128.729 -0.331
202309 -0.080 129.860 -0.080
202312 -0.301 129.419 -0.301

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Adtran Holdings  (FRA:ATN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Adtran Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Adtran Holdings (FRA:ATN) Business Description

Industry
Address
901 Explorer Boulevard, Huntsville, AL, USA, 35806-2807
Adtran Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions, which includes hardware and software products, and Services & Support, which includes a portfolio of network implementation services, support services, and cloud-hosted SaaS applications that complement the product portfolio and can be utilized to support other platforms as well. These two segments span across their three revenue categories: Access & Aggregation, Subscriber Solutions, and Optical Networking Solutions.

Adtran Holdings (FRA:ATN) Headlines

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