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iPass (FRA:IPN1) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is iPass Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


iPass Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for iPass'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.

* Premium members only.

iPass Cyclically Adjusted Price-to-FCF Chart

iPass Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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iPass Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of iPass's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, iPass'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.


iPass's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, iPass's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



iPass 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.

iPass's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, iPass's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=-0.327/106.5067*106.5067
=-0.327

Current CPI (Sep. 2018) = 106.5067.

iPass Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200812 -0.007 88.697 -0.008
200903 -0.040 89.744 -0.047
200906 0.244 91.003 0.286
200909 0.029 91.120 0.034
200912 0.230 91.111 0.269
201003 -0.374 91.821 -0.434
201006 -0.160 91.962 -0.185
201009 0.287 92.162 0.332
201012 0.126 92.474 0.145
201103 -0.463 94.283 -0.523
201106 -0.189 95.235 -0.211
201109 -0.011 95.727 -0.012
201112 -0.242 95.213 -0.271
201203 -0.006 96.783 -0.007
201206 -0.177 96.819 -0.195
201209 0.109 97.633 0.119
201212 -0.058 96.871 -0.064
201303 -0.317 98.209 -0.344
201306 -0.021 98.518 -0.023
201309 -0.100 98.790 -0.108
201312 -0.132 98.326 -0.143
201403 -0.415 99.695 -0.443
201406 -0.615 100.560 -0.651
201409 -0.528 100.428 -0.560
201412 -0.362 99.070 -0.389
201503 -0.726 99.621 -0.776
201506 -0.403 100.684 -0.426
201509 -0.373 100.392 -0.396
201512 -0.583 99.792 -0.622
201603 -0.382 100.470 -0.405
201606 -0.223 101.688 -0.234
201609 -0.044 101.861 -0.046
201612 -0.212 101.863 -0.222
201703 -0.372 102.862 -0.385
201706 -0.455 103.349 -0.469
201709 -0.422 104.136 -0.432
201712 -0.387 104.011 -0.396
201803 -0.340 105.290 -0.344
201806 -0.752 106.317 -0.753
201809 -0.327 106.507 -0.327

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.


iPass  (FRA:IPN1) 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.


iPass Cyclically Adjusted Price-to-FCF Related Terms

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iPass (FRA:IPN1) Business Description

Traded in Other Exchanges
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Address
iPass Inc is a US based company engaged in providing mobile connectivity, offering simple, secure, always-on Wi-Fi access on any mobile device. Built on a software-as-a-service (SaaS) platform, the iPass cloud-based service keeps its customers connected by providing unlimited Wi-Fi connectivity on unlimited devices. The company has millions of hotspots in more than 100 countries, at airports, hotels, train stations, convention centers, outdoor venues, inflight, and more. Geographically, the business presence of the firm can be seen across the region of United States, North America, Europe, and the Asia-Pacific and Rest of the world.

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