GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Adtran Holdings Inc (NAS:ADTN) » Definitions » Cyclically Adjusted Price-to-FCF

Adtran Holdings (Adtran Holdings) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Adtran Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Adtran Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Adtran Holdings'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.

Adtran Holdings Cyclically Adjusted Price-to-FCF Chart

Adtran Holdings 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 13.77 28.07 76.90 240.03 -

Adtran Holdings 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 - - - - -

Competitive Comparison of Adtran Holdings's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Adtran Holdings'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.


Adtran Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Adtran Holdings 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.

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

For example, Adtran Holdings'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)
=0.295/129.4194*129.4194
=0.295

Current CPI (Mar. 2024) = 129.4194.

Adtran Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.183 100.560 0.236
201409 0.270 100.428 0.348
201412 0.217 99.070 0.283
201503 0.197 99.621 0.256
201506 0.101 100.684 0.130
201509 -0.008 100.392 -0.010
201512 -0.174 99.792 -0.226
201603 0.253 100.470 0.326
201606 0.029 101.688 0.037
201609 0.025 101.861 0.032
201612 0.111 101.863 0.141
201703 0.106 102.862 0.133
201706 0.163 103.349 0.204
201709 -0.069 104.136 -0.086
201712 -1.365 104.011 -1.698
201803 0.918 105.290 1.128
201806 0.093 106.317 0.113
201809 -0.120 106.507 -0.146
201812 0.091 105.998 0.111
201903 0.164 107.251 0.198
201906 -0.024 108.070 -0.029
201909 -0.055 108.329 -0.066
201912 -0.335 108.420 -0.400
202003 -0.030 108.902 -0.036
202006 -0.001 108.767 -0.001
202009 -0.184 109.815 -0.217
202012 -0.254 109.897 -0.299
202103 0.203 111.754 0.235
202106 0.123 114.631 0.139
202109 0.192 115.734 0.215
202112 -0.572 117.630 -0.629
202203 0.069 121.301 0.074
202206 -0.253 125.017 -0.262
202209 -0.598 125.227 -0.618
202212 -0.108 125.222 -0.112
202303 -0.362 127.348 -0.368
202306 -0.356 128.729 -0.358
202309 -0.086 129.860 -0.086
202312 -0.328 129.419 -0.328
202403 0.295 129.419 0.295

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.


Adtran Holdings  (NAS:ADTN) 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.


Adtran Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Adtran Holdings (Adtran Holdings) Business Description

Industry
Address
901 Explorer Boulevard, Huntsville, AL, USA, 35806-2807
Adtran Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions, which includes hardware and software products, and Services & Support, which includes a portfolio of network implementation services, support services, and cloud-hosted SaaS applications that complement the product portfolio and can be utilized to support other platforms as well. These two segments span across their three revenue categories: Access & Aggregation, Subscriber Solutions, and Optical Networking Solutions.
Executives
Ulrich Dopfer officer: Chief Financial Officer 901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
Thomas R Stanton officer: Vice President & Gen. Mgr. C/O ADTRAN, 901 EXPLORER BLVD., HUNTSVILLE AL 35806
Gregory James Mccray director 422 HANDEL COURT, WHEATON IL 60187
Wilson James Denson Jr officer: Chief Revenue Officer 901 EXPLORER BLVD, HUNTSVILLE AL 35806
Christoph Glingener officer: CEO of ADVA 901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
Michael Foliano officer: CFO 901 EXPLORER BLVD, HUNTSVILLE AL 35806
Brian Protiva director, officer: CEO of ADVA 901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
James Denson Wilson Jr Chief Revenue Officer
Nikos Theodosopoulos director C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Johanna Hey director 901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
Marc Kimpe officer: SVP, Research & Development 131 HERITAGE LANE, MADISON AL 35758
Ray Harris officer: Chief Information Officer 9811 RITCHIE CT, IJAMSVILLE MD 21754
Balan Nair director 901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
Robert Conger officer: SVP, Technology & Strategy 901 EXPLORER BLVD, HUNTSVILLE AL 35806
Eduard Scheiterer officer: SVP, Research & Development 901 EXPLORER DRIVE, HUNTSVILLE AL 35806