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VeriFone Systems (VeriFone Systems) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is VeriFone Systems Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


VeriFone Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for VeriFone Systems'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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VeriFone Systems Cyclically Adjusted Price-to-FCF Chart

VeriFone Systems Annual Data
Trend Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17
Cyclically Adjusted Price-to-FCF
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VeriFone Systems Quarterly Data
Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18
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Competitive Comparison of VeriFone Systems's Cyclically Adjusted Price-to-FCF

For the Business Equipment & Supplies subindustry, VeriFone Systems'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.


VeriFone Systems's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, VeriFone Systems's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



VeriFone Systems 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.

VeriFone Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2018 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2018 (Change)*Current CPI (Apr. 2018)
=0.115/105.7080*105.7080
=0.115

Current CPI (Apr. 2018) = 105.7080.

VeriFone Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200807 -0.263 92.805 -0.300
200810 -0.126 91.375 -0.146
200901 0.025 89.084 0.030
200904 0.709 89.968 0.833
200907 0.660 90.859 0.768
200910 0.860 91.207 0.997
201001 0.608 91.423 0.703
201004 0.208 91.980 0.239
201007 0.259 91.981 0.298
201010 0.570 92.277 0.653
201101 0.308 92.914 0.350
201104 0.379 94.890 0.422
201107 0.523 95.319 0.580
201110 0.437 95.529 0.484
201201 0.228 95.632 0.252
201204 0.106 97.075 0.115
201207 0.588 96.661 0.643
201210 0.489 97.595 0.530
201301 0.295 97.158 0.321
201304 0.533 98.107 0.574
201307 0.284 98.557 0.305
201310 0.344 98.536 0.369
201401 0.099 98.692 0.106
201404 0.320 100.023 0.338
201407 0.340 100.520 0.358
201410 0.261 100.176 0.275
201501 0.186 98.604 0.199
201504 0.233 99.824 0.247
201507 0.359 100.691 0.377
201510 0.443 100.346 0.467
201601 0.319 99.957 0.337
201604 0.207 100.947 0.217
201607 -0.096 101.524 -0.100
201610 0.395 101.988 0.409
201701 0.226 102.456 0.233
201704 0.167 103.167 0.171
201707 0.388 103.278 0.397
201710 0.101 104.070 0.103
201801 0.343 104.578 0.347
201804 0.115 105.708 0.115

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.


VeriFone Systems  (NYSE:PAY) 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.


VeriFone Systems Cyclically Adjusted Price-to-FCF Related Terms

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


VeriFone Systems (VeriFone Systems) Business Description

Traded in Other Exchanges
N/A
Address
Verifone sells hardware and complementary software and services that enable merchants to accept electronic payments at the point of sale. Its offerings are used in the retail, gas station, restaurant, and taxi environments, among others. The Verifone Systems segment sells devices and basic payment and security software. The Verifone Services segment provides "payments as a service"--longer-term leasing, support, and other payment-related services.
Executives
Robert B Henske director 2535 GARCIA AVE, MOUNTAIN VIEW CA 94043
Paul Galant director, officer: CEO 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Jane J. Thompson director 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Karen A Austin director 3100 WEST BIG BEAVER ROAD, TROY MI 48084
Marc E Rothman officer: EVP & CFO 1303 E ALGONQUIN ROAD, SCHAUMBURG X1 60196
Larry A Klane director 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Robert W Alspaugh director C/O AUTOLIV INC, KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-111 64
Rowan M Trollope director 4000 EXECUTIVE PARKWAY, SUITE #400, SAN RAMON CA 94583
Alex W Hart director 600 B STREET, SUITE 100, SAN DIEGO CA 92101
Ronald D Black director 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089
Albert Liu officer: EVP, Corp Dev & Gen Counsel 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Wenda Harris Millard director C/O YAHOO INC, 701 FIRST AVE, SUNNYVALLE CA 94089
William Kenneth Nelson officer: EVP Global Product Mgmt & Serv ONE WAYSIDE ROAD BURLINGTON MA 01803
Leslie G Denend director C/O RATIONAL SOFTWARE CORP, 18880 HOMESTEAD ROAD, CUPERTINO CA 95014
Jeffrey E Stiefler director C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043