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ITEX (ITEX) Cyclically Adjusted FCF per Share : $0.82 (As of Jul. 2023)


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What is ITEX 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.

ITEX's adjusted free cash flow per share data for the fiscal year that ended in Jul. 2023 was $0.713. 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 $0.82 for the trailing ten years ended in Jul. 2023.

During the past 12 months, ITEX's average Cyclically Adjusted FCF Growth Rate was 1.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 24.60% 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 ITEX was 109.90% per year. The lowest was 1.30% per year. And the median was 11.10% per year.

As of today (2024-05-16), ITEX's current stock price is $ 4.50. ITEX's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul. 2023 was $0.82. ITEX's Cyclically Adjusted Price-to-FCF of today is 5.49.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ITEX was 9.06. The lowest was 4.37. And the median was 5.91.


ITEX Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ITEX'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.

ITEX Cyclically Adjusted FCF per Share Chart

ITEX Annual Data
Trend Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.63 0.66 0.81 0.82

ITEX Semi-Annual Data
Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul06 Jul07 Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul22 Jul23
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 0.59 0.63 0.66 0.81 0.82

Competitive Comparison of ITEX's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, ITEX'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.


ITEX's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ITEX's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ITEX 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, ITEX's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jul. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Jul. 2023 (Change)*Current CPI (Jul. 2023)
=0.713/128.9743*128.9743
=0.713

Current CPI (Jul. 2023) = 128.9743.

ITEX Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200907 0.772 90.859 1.096
201007 0.690 91.981 0.968
201107 0.455 95.319 0.616
201207 0.561 96.661 0.749
201307 0.637 98.557 0.834
201407 0.454 100.520 0.583
201507 0.664 100.691 0.851
201607 0.781 101.524 0.992
202207 0.768 125.002 0.792
202307 0.713 128.974 0.713

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


ITEX  (OTCPK:ITEX) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.50/0.82
=5.49

* 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 ITEX was 9.06. The lowest was 4.37. And the median was 5.91.


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.


ITEX Cyclically Adjusted FCF per Share Related Terms

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


ITEX (ITEX) Business Description

Industry
Traded in Other Exchanges
N/A
Address
13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. They generate revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
Executives
Lion Fund, L.p. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Capital Corp. 10 percent owner, other: See Explanation of Responses 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Kevin H Callan director 3326 160TH AVE. SE, STE. 100, BELLEVUE WA 98008
Timothy R Morones director 3326 160TH AVE SE STE 100, BELLEVUE WA 98008
Sardar Biglari, 10 percent owner, other: See Explanation of Responses C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Holdings Inc. 10 percent owner, other: See Explanation of Responses 17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Western Sizzlin Corp 10 percent owner, other: See Explanation of Responses 317 KIMBALL AVENUE NW, ROANOKE VA 24016
G. Andrew Cooke 10 percent owner 3110 9TH ROAD N. APT. B, ARLINGTON VA 22201
David Polonitza 10 percent owner 54B SANDRA CIRCLE, APT B1, WESTFIELD NJ 07090
Pagidipati Family Limited Partnership 10 percent owner 2955 SE 3RD COURT, OCALA FL 34471
Corner Market Capital Corp 10 percent owner BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Sanjeev Parsad 10 percent owner 21-355 DUTHIE AVENUE, BURNABY A1 V5A-2P3
Alnesh Mohan 10 percent owner 702-583 BEACH CRESCENT, VANCOUVER A1 V6Z-3E6
Corner Market Capital U.s., Inc. 10 percent owner BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Mpic Fund I Lp 10 percent owner 1199 WEST PENDER STREET, SUITE 680, VANCOUVER A1 V6E 2R1

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