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Cboe Global Markets (BSP:C1BO34) Cyclically Adjusted FCF per Share : R$23.10 (As of Jun. 2024)


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What is Cboe Global Markets 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.

Cboe Global Markets's adjusted free cash flow per share for the three months ended in Jun. 2024 was R$37.715. 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 R$23.10 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Cboe Global Markets's average Cyclically Adjusted FCF Growth Rate was 45.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 21.10% 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 Cboe Global Markets was 24.90% per year. The lowest was 14.70% per year. And the median was 22.50% per year.

As of today (2024-09-20), Cboe Global Markets's current stock price is R$591.00. Cboe Global Markets's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was R$23.10. Cboe Global Markets's Cyclically Adjusted Price-to-FCF of today is 25.58.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cboe Global Markets was 49.02. The lowest was 18.00. And the median was 25.35.


Cboe Global Markets Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cboe Global Markets'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.

Cboe Global Markets Cyclically Adjusted FCF per Share Chart

Cboe Global Markets 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 - 10.60 13.06 13.66 15.36

Cboe Global Markets Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 13.82 15.16 15.36 18.63 23.10

Competitive Comparison of Cboe Global Markets's Cyclically Adjusted FCF per Share

For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets'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.


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

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

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



Cboe Global Markets 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, Cboe Global Markets's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=37.715/132.5538*132.5538
=37.715

Current CPI (Jun. 2024) = 132.5538.

Cboe Global Markets Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.703 100.428 0.928
201412 1.072 99.070 1.434
201503 1.327 99.621 1.766
201506 0.323 100.684 0.425
201509 1.863 100.392 2.460
201512 0.913 99.792 1.213
201603 2.000 100.470 2.639
201606 0.021 101.688 0.027
201609 0.964 101.861 1.254
201612 0.982 101.863 1.278
201703 -0.427 102.862 -0.550
201706 2.607 103.349 3.344
201709 -0.001 104.136 -0.001
201712 2.694 104.011 3.433
201803 2.272 105.290 2.860
201806 3.031 106.317 3.779
201809 -1.036 106.507 -1.289
201812 3.795 105.998 4.746
201903 1.929 107.251 2.384
201906 3.218 108.070 3.947
201909 1.283 108.329 1.570
201912 4.236 108.420 5.179
202003 3.373 108.902 4.106
202006 7.536 108.767 9.184
202009 16.902 109.815 20.402
202012 6.179 109.897 7.453
202103 15.457 111.754 18.334
202106 2.618 114.631 3.027
202109 13.508 115.734 15.471
202112 -18.523 117.630 -20.873
202203 29.099 121.301 31.798
202206 -15.333 125.017 -16.257
202209 3.920 125.227 4.149
202212 -4.191 125.222 -4.436
202303 24.974 127.348 25.995
202306 -11.686 128.729 -12.033
202309 16.971 129.860 17.323
202312 -4.754 129.419 -4.869
202403 20.846 131.776 20.969
202406 37.715 132.554 37.715

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


Cboe Global Markets  (BSP:C1BO34) 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.

Cboe Global Markets's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=591.00/23.1
=25.58

* 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 Cboe Global Markets was 49.02. The lowest was 18.00. And the median was 25.35.


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.


Cboe Global Markets Cyclically Adjusted FCF per Share Related Terms

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


Cboe Global Markets Business Description

Traded in Other Exchanges
Address
433 West Van Buren Street, Chicago, IL, USA, 60607
Cboe Global Markets, Inc is a provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The Company is committed to operating a trusted, inclusive global marketplace, and to providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe, and Asia Pacific.

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