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OneSpan (FRA:VDY) Cyclically Adjusted Price-to-FCF : 27.27 (As of Jun. 01, 2024)


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What is OneSpan Cyclically Adjusted Price-to-FCF?

As of today (2024-06-01), OneSpan's current share price is €12.00. OneSpan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.44. OneSpan's Cyclically Adjusted Price-to-FCF for today is 27.27.

The historical rank and industry rank for OneSpan's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:VDY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.53   Med: 27.57   Max: 70.95
Current: 27.84

During the past years, OneSpan's highest Cyclically Adjusted Price-to-FCF was 70.95. The lowest was 15.53. And the median was 27.57.

FRA:VDY's Cyclically Adjusted Price-to-FCF is ranked better than
52.14% of 677 companies
in the Software industry
Industry Median: 28.27 vs FRA:VDY: 27.84

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

OneSpan's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.571. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


OneSpan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for OneSpan'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.

OneSpan Cyclically Adjusted Price-to-FCF Chart

OneSpan 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 29.01 36.47 29.82 21.96 24.37

OneSpan Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 32.21 30.30 23.66 24.37 24.56

Competitive Comparison of OneSpan's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, OneSpan'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.


OneSpan's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



OneSpan 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.

OneSpan's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.00/0.44
=27.27

* 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.

OneSpan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, OneSpan's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.571/131.7762*131.7762
=0.571

Current CPI (Mar. 2024) = 131.7762.

OneSpan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.281 100.560 0.368
201409 0.053 100.428 0.070
201412 0.233 99.070 0.310
201503 0.279 99.621 0.369
201506 0.158 100.684 0.207
201509 0.623 100.392 0.818
201512 0.474 99.792 0.626
201603 0.043 100.470 0.056
201606 0.250 101.688 0.324
201609 0.217 101.861 0.281
201612 0.085 101.863 0.110
201703 0.034 102.862 0.044
201706 0.219 103.349 0.279
201709 0.052 104.136 0.066
201712 0.017 104.011 0.022
201803 0.150 105.290 0.188
201806 -0.238 106.317 -0.295
201809 -0.192 106.507 -0.238
201812 0.221 105.998 0.275
201903 -0.086 107.251 -0.106
201906 -0.439 108.070 -0.535
201909 0.134 108.329 0.163
201912 0.641 108.420 0.779
202003 -0.087 108.902 -0.105
202006 0.135 108.767 0.164
202009 0.053 109.815 0.064
202012 0.143 109.897 0.171
202103 0.059 111.754 0.070
202106 -0.060 114.631 -0.069
202109 -0.127 115.734 -0.145
202112 0.023 117.630 0.026
202203 0.077 121.301 0.084
202206 -0.370 125.017 -0.390
202209 -0.099 125.227 -0.104
202212 0.125 125.222 0.132
202303 0.237 127.348 0.245
202306 -0.527 128.729 -0.539
202309 -0.232 129.860 -0.235
202312 -0.009 129.419 -0.009
202403 0.571 131.776 0.571

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.


OneSpan  (FRA:VDY) 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.


OneSpan Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of OneSpan's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


OneSpan (FRA:VDY) Business Description

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Address
121 West Wacker Drive, Suite 2050, Chicago, IL, USA, 60601
OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. Its solutions secure and manage access to digital assets and protect online transactions, via mobile devices and in-person. Authentication and anti-fraud solutions are the organization's primary product offerings and include multifactor authentication and virtual private network access capabilities. The company derives revenues from hardware and license fees, maintenance and support fees, and subscription fees. A large majority of the firm's revenue is generated in Europe, Middle East and Africa, and the rest in the United States and Asia-Pacific region.

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