GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Keysight Technologies Inc (BSP:K1SG34) » Definitions » Cyclically Adjusted FCF per Share

Keysight Technologies (BSP:K1SG34) Cyclically Adjusted FCF per Share : R$11.36 (As of Apr. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Keysight Technologies 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.

Keysight Technologies's adjusted free cash flow per share for the three months ended in Apr. 2024 was R$1.085. 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$11.36 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Keysight Technologies's average Cyclically Adjusted FCF Growth Rate was 6.50% 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.

As of today (2024-05-27), Keysight Technologies's current stock price is R$378.48. Keysight Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was R$11.36. Keysight Technologies's Cyclically Adjusted Price-to-FCF of today is 33.32.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Keysight Technologies was 46.38. The lowest was 28.14. And the median was 37.77.


Keysight Technologies Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Keysight Technologies'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.

Keysight Technologies Cyclically Adjusted FCF per Share Chart

Keysight Technologies Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 10.61 10.90

Keysight Technologies Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 10.29 10.61 10.90 10.87 11.36

Competitive Comparison of Keysight Technologies's Cyclically Adjusted FCF per Share

For the Scientific & Technical Instruments subindustry, Keysight Technologies'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.


Keysight Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Keysight Technologies 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, Keysight Technologies's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=1.085/131.7762*131.7762
=1.085

Current CPI (Apr. 2024) = 131.7762.

Keysight Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 0.460 100.520 0.603
201410 1.342 100.176 1.765
201501 0.597 98.604 0.798
201504 0.463 99.824 0.611
201507 0.939 100.691 1.229
201510 0.623 100.346 0.818
201601 0.684 99.957 0.902
201604 0.922 100.947 1.204
201607 0.515 101.524 0.668
201610 1.185 101.988 1.531
201701 0.913 102.456 1.174
201704 0.281 103.167 0.359
201707 0.688 103.278 0.878
201710 0.382 104.070 0.484
201801 1.249 104.578 1.574
201804 0.691 105.708 0.861
201807 -0.020 106.324 -0.025
201810 1.979 106.695 2.444
201901 2.055 106.200 2.550
201904 1.959 107.818 2.394
201907 2.413 108.250 2.937
201910 2.490 108.577 3.022
202001 1.793 108.841 2.171
202004 3.868 108.173 4.712
202007 2.096 109.318 2.527
202010 4.633 109.861 5.557
202101 3.811 110.364 4.550
202104 5.494 112.673 6.425
202107 3.011 115.183 3.445
202110 4.371 116.696 4.936
202201 2.735 118.619 3.038
202204 3.183 121.978 3.439
202207 2.847 125.002 3.001
202210 4.906 125.734 5.142
202301 4.413 126.223 4.607
202304 5.190 127.992 5.343
202307 2.628 128.974 2.685
202310 4.802 129.810 4.875
202401 3.926 130.124 3.976
202404 1.085 131.776 1.085

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


Keysight Technologies  (BSP:K1SG34) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=378.48/11.36
=33.32

* 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 Keysight Technologies was 46.38. The lowest was 28.14. And the median was 37.77.


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.


Keysight Technologies Cyclically Adjusted FCF per Share Related Terms

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


Keysight Technologies (BSP:K1SG34) Business Description

Industry
Traded in Other Exchanges
Address
1400 Fountaingrove Parkway, Santa Rosa, CA, USA, 95403-1738
Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight's solutions include testing tools, analytical software, and services. The firm's stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.

Keysight Technologies (BSP:K1SG34) Headlines

No Headlines