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HP (BUE:HPQ) Cyclically Adjusted FCF per Share : ARS3,892.32 (As of Jan. 2025)


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What is HP 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.

HP's adjusted free cash flow per share for the three months ended in Jan. 2025 was ARS395.451. 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 ARS3,892.32 for the trailing ten years ended in Jan. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 0.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.30% 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 HP was 53.50% per year. The lowest was -4.10% per year. And the median was 12.50% per year.

As of today (2025-05-07), HP's current stock price is ARS30050.00. HP's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2025 was ARS3,892.32. HP's Cyclically Adjusted Price-to-FCF of today is 7.72.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of HP was 11.73. The lowest was 2.55. And the median was 6.69.


HP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for HP'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.

HP Cyclically Adjusted FCF per Share Chart

HP Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 480.72 713.54 1,101.80 2,885.08 3,749.12

HP Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 4,103.22 3,547.81 4,105.29 3,749.12 3,892.32

Competitive Comparison of HP's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, HP'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.


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

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

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


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HP 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, HP's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=395.451/134.0288*134.0288
=395.451

Current CPI (Jan. 2025) = 134.0288.

HP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201504 16.611 99.824 22.303
201507 19.023 100.691 25.321
201510 57.376 100.346 76.635
201601 -8.594 99.957 -11.523
201604 63.304 100.947 84.050
201607 43.122 101.524 56.929
201610 24.733 101.988 32.503
201701 30.842 102.456 40.346
201704 17.122 103.167 22.244
201707 90.010 103.278 116.811
201710 26.906 104.070 34.652
201801 50.977 104.578 65.333
201804 57.236 105.708 72.570
201807 124.677 106.324 157.164
201810 100.684 106.695 126.478
201901 80.781 106.200 101.949
201904 105.241 107.818 130.825
201907 305.704 108.250 378.505
201910 76.010 108.577 93.828
202001 222.835 108.841 274.404
202004 -147.497 108.173 -182.752
202007 384.014 109.318 470.821
202010 493.846 109.861 602.488
202101 289.696 110.364 351.813
202104 487.700 112.673 580.138
202107 373.376 115.183 434.467
202110 1,160.266 116.696 1,332.602
202201 649.493 118.619 733.867
202204 172.644 121.978 189.700
202207 119.948 125.002 128.610
202210 1,305.038 125.734 1,391.128
202301 -184.661 126.223 -196.081
202304 448.324 127.992 469.469
202307 1,074.707 128.974 1,116.825
202310 3,212.114 129.810 3,316.515
202401 -149.265 130.124 -153.744
202404 2,000.810 132.289 2,027.121
202407 5,819.222 132.708 5,877.148
202410 7,319.815 133.182 7,366.356
202501 395.451 134.029 395.451

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


HP  (BUE:HPQ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=30050.00/3892.32
=7.72

* 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 HP was 11.73. The lowest was 2.55. And the median was 6.69.


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.


HP Cyclically Adjusted FCF per Share Related Terms

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


HP Business Description

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HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.