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Deluxe (Deluxe) Cyclically Adjusted FCF per Share : $5.22 (As of Dec. 2023)


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What is Deluxe Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Deluxe's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.442. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $5.22 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Deluxe's average Cyclically Adjusted FCF Growth Rate was -3.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 3.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Deluxe was 8.60% per year. The lowest was -2.10% per year. And the median was 2.35% per year.

As of today (2024-04-28), Deluxe's current stock price is $20.35. Deluxe's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.22. Deluxe's Cyclically Adjusted Price-to-FCF of today is 3.90.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deluxe was 17.17. The lowest was 2.68. And the median was 9.66.


Deluxe Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Deluxe's Cyclically Adjusted FCF per Share 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.

Deluxe Cyclically Adjusted FCF per Share Chart

Deluxe Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.22 5.25 5.38 5.40 5.22

Deluxe Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 5.40 5.30 5.31 5.27 5.22

Competitive Comparison of Deluxe's Cyclically Adjusted FCF per Share

For the Advertising Agencies subindustry, Deluxe'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.


Deluxe's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

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

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



Deluxe Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Deluxe'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)
=1.442/129.4194*129.4194
=1.442

Current CPI (Dec. 2023) = 129.4194.

Deluxe Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.231 99.695 1.598
201406 0.868 100.560 1.117
201409 1.353 100.428 1.744
201412 1.404 99.070 1.834
201503 1.377 99.621 1.789
201506 1.168 100.684 1.501
201509 1.246 100.392 1.606
201512 1.556 99.792 2.018
201603 1.271 100.470 1.637
201606 0.889 101.688 1.131
201609 1.426 101.861 1.812
201612 1.987 101.863 2.525
201703 1.300 102.862 1.636
201706 1.348 103.349 1.688
201709 1.297 104.136 1.612
201712 2.065 104.011 2.569
201803 1.390 105.290 1.709
201806 1.091 106.317 1.328
201809 1.232 106.507 1.497
201812 2.214 105.998 2.703
201903 0.699 107.251 0.843
201906 0.964 108.070 1.154
201909 2.012 108.329 2.404
201912 1.463 108.420 1.746
202003 0.290 108.902 0.345
202006 1.677 108.767 1.995
202009 0.989 109.815 1.166
202012 0.462 109.897 0.544
202103 0.421 111.754 0.488
202106 0.451 114.631 0.509
202109 0.719 115.734 0.804
202112 0.779 117.630 0.857
202203 0.310 121.301 0.331
202206 0.312 125.017 0.323
202209 0.531 125.227 0.549
202212 0.852 125.222 0.881
202303 -0.738 127.348 -0.750
202306 0.541 128.729 0.544
202309 0.977 129.860 0.974
202312 1.442 129.419 1.442

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


Deluxe  (NYSE:DLX) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Deluxe's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.35/5.22
=3.90

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deluxe was 17.17. The lowest was 2.68. And the median was 9.66.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Deluxe Cyclically Adjusted FCF per Share Related Terms

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


Deluxe (Deluxe) Business Description

Traded in Other Exchanges
Address
801 S. Marquette Avenue, Minneapolis, MN, USA, 55402-2807
Deluxe Corporation engaged in providing payment solutions. The company operates in 4 segments. Payments includes merchant in-store, online and mobile payment solutions; treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing and paperless treasury management; payroll and disbursement services, including Deluxe Payment Exchange; and fraud and security services. Data Solutions includes data-driven marketing solutions; hosted solutions, including digital engagement, logo design; web hosting and design services. Promotional Solutions includes business forms, accessories, advertising specialties and promotional apparel. Checks includes printed business and personal checks.
Executives
Yogaraj Jeyaprakasam officer: Chief Tech. & Digital Officer 801 S MARQUETTE AVE, MINNEAPOLIS MN 55402
Kristopher D Lazzaretti officer: President, Data Solutions 801 S MARQUETTE AVE, MINNEAPOLIS MN 55402
Debra A Bradford officer: President, Merchant Services
William C Zint officer: SVP, Chief Financial Offier 801 S MARQUETTE AVE, MINNEAPOLIS MN 55402
Jean L Herrick officer: SVP, CHRO 801 S MARQUETTE AVE, MINNEAPOLIS MN 55402
Chad P Kurth officer: Chief Accounting Officer, PAO 801 S MARQUETTE AVE, MINNEAPOLIS MN 55402
Scott C Bomar officer: SVP, Chief Financial Officer 3680 VICTORIA STREET N, SHOREVIEW MN 55126
Telisa L Yancy director 3680 VICTORIA STREET N, SHOREVIEW MN 55126
Thomas Riccio officer: SVP, Division President 3680 VICTORIA STREET N, SHOREVIEW MN 55126
Paul R Garcia director 214 N TRYON STREET, CHARLOTTE NC 28202
Houwelingen Ronald Van officer: VP, Controller, PAO 3680 VICTORIA STREET N, SHOREVIEW MN 55126
Christopher Lee Thomas officer: SVP, CRO 3680 VICTORIA STREET N, SHOREVIEW MN 55126
William C Cobb director H&R BLOCK, INC., ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Thomas Reddin director 11115 RUSHMORE DR, CHARLOTTE NC 28277
Michael Aaron Reed officer: SVP & General Manager 3680 VICTORIA STREET N, SHOREVIEW MN 55126