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Frequency Electronics (Frequency Electronics) Cyclically Adjusted FCF per Share : $0.09 (As of Jan. 2024)


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What is Frequency Electronics 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.

Frequency Electronics's adjusted free cash flow per share for the three months ended in Jan. 2024 was $0.413. 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 $0.09 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Frequency Electronics's average Cyclically Adjusted FCF Growth Rate was 125.00% 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 Frequency Electronics was 18.80% per year. The lowest was -55.00% per year. And the median was -7.30% per year.

As of today (2024-04-27), Frequency Electronics's current stock price is $9.72. Frequency Electronics's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $0.09. Frequency Electronics's Cyclically Adjusted Price-to-FCF of today is 108.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Frequency Electronics was 609.50. The lowest was 43.89. And the median was 126.63.


Frequency Electronics Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Frequency Electronics'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.

Frequency Electronics Cyclically Adjusted FCF per Share Chart

Frequency Electronics Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 -0.08 0.03 0.05 0.04

Frequency Electronics Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.04 0.04 0.07 0.09 0.09

Competitive Comparison of Frequency Electronics's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Frequency Electronics'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.


Frequency Electronics's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Frequency Electronics 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, Frequency Electronics's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.413/129.4194*129.4194
=0.413

Current CPI (Jan. 2024) = 129.4194.

Frequency Electronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.125 100.023 0.162
201407 -0.767 100.520 -0.988
201410 0.132 100.176 0.171
201501 0.141 98.604 0.185
201504 0.232 99.824 0.301
201507 -0.271 100.691 -0.348
201510 -0.206 100.346 -0.266
201601 0.512 99.957 0.663
201604 -0.077 100.947 -0.099
201607 -0.188 101.524 -0.240
201610 -0.369 101.988 -0.468
201701 0.409 102.456 0.517
201704 -0.015 103.167 -0.019
201707 0.302 103.278 0.378
201710 -0.086 104.070 -0.107
201801 0.117 104.578 0.145
201804 0.015 105.708 0.018
201807 -0.450 106.324 -0.548
201810 0.177 106.695 0.215
201901 -0.115 106.200 -0.140
201904 0.066 107.818 0.079
201907 -0.084 108.250 -0.100
201910 -0.037 108.577 -0.044
202001 -0.144 108.841 -0.171
202004 -0.054 108.173 -0.065
202007 -0.016 109.318 -0.019
202010 0.146 109.861 0.172
202101 0.780 110.364 0.915
202104 0.269 112.673 0.309
202107 -0.145 115.183 -0.163
202110 0.203 116.696 0.225
202201 0.203 118.619 0.221
202204 -0.028 121.978 -0.030
202207 -0.434 125.002 -0.449
202210 0.305 125.734 0.314
202301 0.241 126.223 0.247
202304 -0.086 127.992 -0.087
202307 -0.318 128.974 -0.319
202310 -0.038 129.810 -0.038
202401 0.413 129.419 0.413

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


Frequency Electronics  (NAS:FEIM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.72/0.09
=108.00

* 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 Frequency Electronics was 609.50. The lowest was 43.89. And the median was 126.63.


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.


Frequency Electronics Cyclically Adjusted FCF per Share Related Terms

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


Frequency Electronics (Frequency Electronics) Business Description

Industry
Traded in Other Exchanges
Address
55 Charles Lindbergh Boulevard, Mitchel Field, NY, USA, 11553
Frequency Electronics Inc is engaged in the design, development, and manufacture of high-precision timing, and frequency control products for space, air, sea, and terrestrial applications. The company has FEI-NY and FEI-Zyfer reportable segments. It derives the majority of its revenues from the FEI-NY segment. FEI-NY segment operations consist principally of precision time and frequency control products used in three principal markets namely communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military.
Executives
Russell M Sarachek director 4718 FOXHALL CRESCENTS NW, WASHINGTON DC 20007
Edenbrook Long Only Value Fund, Lp director, 10 percent owner EDENBROOK CAPITAL, LLC, 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Steven E Strang officer: President, FEI-Zyfer, Inc. C/O FREQUENCY ELECTRONICS, INC., 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Thomas Mcclelland officer: Vice President, Comml Products C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Stanton D Sloane director COMTECH TELECOMMUNICATIONS CORP., 68 SOUTH SERVICE RD., SUITE 230, MELVILLE NY 11747
John Patrick Caulfield officer: VP of Manufacturing C/O FREQUENCY ELECTRONICS, 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11533
Edenbrook Capital, Llc director, 10 percent owner 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Martin B Bloch director, officer: President FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Robert Schwartz director 11552 PROSPEROUS DRIVE, ODESSA FL 33556
Jonathan Brolin director, 10 percent owner 2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507
Privet Fund Lp 10 percent owner, other: See Explanation of Responses 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Oleandro Mancini officer: Vice President, Bus. Develop C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Lance W Lord director 1110 TRUMPETERS COURT, MONUMENT CO 80132
Steven Lawrence Bernstein officer: Chief Financial Officer C/O FREQUENCY ELECTRONICS INC., 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11553
Ryan Levenson 10 percent owner, other: See Explanation of Responses 2396 DELLWOOD DRIVE, ATLANTA GA 30305

Frequency Electronics (Frequency Electronics) Headlines

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