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Ceragon Networks (Ceragon Networks) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Ceragon Networks Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ceragon Networks Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ceragon Networks'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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Ceragon Networks Cyclically Adjusted Price-to-FCF Chart

Ceragon Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ceragon Networks Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Ceragon Networks's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Ceragon Networks'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.


Ceragon Networks's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Ceragon Networks 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.

Ceragon Networks's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Ceragon Networks'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)
=0.09/129.4194*129.4194
=0.090

Current CPI (Dec. 2023) = 129.4194.

Ceragon Networks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.718 99.695 -0.932
201406 0.109 100.560 0.140
201409 -0.150 100.428 -0.193
201412 -0.037 99.070 -0.048
201503 -0.051 99.621 -0.066
201506 0.027 100.684 0.035
201509 0.090 100.392 0.116
201512 0.073 99.792 0.095
201603 0.135 100.470 0.174
201606 0.011 101.688 0.014
201609 -0.013 101.861 -0.017
201612 0.091 101.863 0.116
201703 0.070 102.862 0.088
201706 0.013 103.349 0.016
201709 -0.170 104.136 -0.211
201712 0.178 104.011 0.221
201803 0.000 105.290 0.000
201806 0.040 106.317 0.049
201809 0.145 106.507 0.176
201812 -0.076 105.998 -0.093
201903 -0.083 107.251 -0.100
201906 -0.120 108.070 -0.144
201909 -0.209 108.329 -0.250
201912 0.073 108.420 0.087
202003 0.024 108.902 0.029
202006 0.049 108.767 0.058
202009 -0.054 109.815 -0.064
202012 0.114 109.897 0.134
202103 -0.047 111.754 -0.054
202106 -0.056 114.631 -0.063
202109 -0.035 115.734 -0.039
202112 -0.156 117.630 -0.172
202203 -0.054 121.301 -0.058
202206 -0.074 125.017 -0.077
202209 0.049 125.227 0.051
202212 -0.126 125.222 -0.130
202303 -0.011 127.348 -0.011
202306 0.004 128.729 0.004
202309 0.127 129.860 0.127
202312 0.090 129.419 0.090

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.


Ceragon Networks  (NAS:CRNT) 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.


Ceragon Networks Cyclically Adjusted Price-to-FCF Related Terms

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Ceragon Networks (Ceragon Networks) Business Description

Industry
Traded in Other Exchanges
Address
Building. A, 7th floor, Nitzba City, Plot 300, PO Box 112, Rosh Ha’Ayin, ISR, 4810002
Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America.