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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.
Cass Information Systems's adjusted free cash flow per share for the three months ended in Dec. 2024 was $1.250. 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 $2.88 for the trailing ten years ended in Dec. 2024.
During the past 12 months, Cass Information Systems's average Cyclically Adjusted FCF Growth Rate was 1.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 7.20% 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 Cass Information Systems was 15.60% per year. The lowest was 4.10% per year. And the median was 8.30% per year.
As of today (2025-04-13), Cass Information Systems's current stock price is $39.29. Cass Information Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $2.88. Cass Information Systems's Cyclically Adjusted Price-to-FCF of today is 13.64.
During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cass Information Systems was 32.59. The lowest was 12.10. And the median was 19.05.
The historical data trend for Cass Information Systems'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.
Cass Information Systems Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Cyclically Adjusted FCF per Share | Get a 7-Day Free Trial |
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2.83 | 2.86 | 2.87 | 2.80 | 2.88 |
For the Specialty Business Services subindustry, Cass Information Systems'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.
For the Business Services industry and Industrials sector, Cass Information Systems's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Cass Information Systems's Cyclically Adjusted Price-to-FCF falls into.
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, Cass Information Systems's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Dec. 2024 (Change) | * | Current CPI (Dec. 2024) |
= | 1.25 | / | 133.1571 | * | 133.1571 | |
= | 1.250 |
Current CPI (Dec. 2024) = 133.1571.
Cass Information Systems Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201503 | 0.541 | 99.621 | 0.723 |
201506 | 0.351 | 100.684 | 0.464 |
201509 | 0.518 | 100.392 | 0.687 |
201512 | 0.415 | 99.792 | 0.554 |
201603 | 0.404 | 100.470 | 0.535 |
201606 | 0.607 | 101.688 | 0.795 |
201609 | 0.467 | 101.861 | 0.610 |
201612 | 0.567 | 101.863 | 0.741 |
201703 | 0.317 | 102.862 | 0.410 |
201706 | 0.991 | 103.349 | 1.277 |
201709 | 0.377 | 104.136 | 0.482 |
201712 | 0.645 | 104.011 | 0.826 |
201803 | 1.125 | 105.290 | 1.423 |
201806 | 0.370 | 106.317 | 0.463 |
201809 | 0.839 | 106.507 | 1.049 |
201812 | 0.612 | 105.998 | 0.769 |
201903 | 1.073 | 107.251 | 1.332 |
201906 | 0.639 | 108.070 | 0.787 |
201909 | 0.867 | 108.329 | 1.066 |
201912 | 0.103 | 108.420 | 0.127 |
202003 | 1.219 | 108.902 | 1.491 |
202006 | 0.924 | 108.767 | 1.131 |
202009 | 0.487 | 109.815 | 0.591 |
202012 | 0.510 | 109.897 | 0.618 |
202103 | 1.087 | 111.754 | 1.295 |
202106 | 0.280 | 114.631 | 0.325 |
202109 | 0.568 | 115.734 | 0.654 |
202112 | 0.157 | 117.630 | 0.178 |
202203 | 0.922 | 121.301 | 1.012 |
202206 | 1.082 | 125.017 | 1.152 |
202209 | 0.642 | 125.227 | 0.683 |
202212 | 0.667 | 125.222 | 0.709 |
202303 | 0.529 | 127.348 | 0.553 |
202306 | 0.234 | 128.729 | 0.242 |
202309 | 0.683 | 129.860 | 0.700 |
202312 | 0.189 | 129.419 | 0.194 |
202403 | 0.447 | 131.776 | 0.452 |
202406 | 0.626 | 132.554 | 0.629 |
202409 | -0.170 | 133.029 | -0.170 |
202412 | 1.250 | 133.157 | 1.250 |
Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.
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.
Cass Information Systems's Cyclically Adjusted Price-to-FCF of today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 39.29 | / | 2.88 | |
= | 13.64 |
* 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 Cass Information Systems was 32.59. The lowest was 12.10. And the median was 19.05.
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.
Thank you for viewing the detailed overview of Cass Information Systems's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael James Normile | officer: CFO | 12444 POWERSCOURT DRIVE, SUITE 550, ST. LOUIS MO 63131 |
Martin H. Resch | officer: President & CEO | 12444 POWERSCOURT DRIVE, SUITE 550, ST. LOUIS MO 63131 |
Frank Wicks | director | 3050 SPRUCE STREET, ST LOUIS MO 63103 |
James J Lindemann | director | 13001 HOLLENBERG DRIVE, BRIDGETON MO 63044 |
Randall L Schilling | director | 13001 HOLLENBERG DRIVE, BRIDGETON MO 63044 |
Ralph W Clermont | director | 5570 DTC PARKWAY, GREENWOOD VILLAGE CO 80111 |
Joseph D Rupp | director | QUANEX BUILDING PRODUCTS CORPORATION, 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027 |
Ann Walter Marr | director | 12444 POWERSCOURT DRIVE, SUITE 550, ST. LOUIS MO 63131 |
Wendy J. Henry | director | 12444 POWERSCOURT DRIVE, SUITE 550, ST. LOUIS MO 63131 |
Gary B Langfitt | officer: COO-Utility Info Services | 13001 HOLLENBERG DR, BRIDGETON MO 63044 |
Matthew Steven Schuckman | officer: Executive Vice President | 12444 POWERSCOURT DRIVE, SUITE 550, ST. LOUIS MO 63131 |
Sally H Roth | director | 12444 POWERSCOURT DRIVE, SUITE 550, ST. LOUIS MO 63131 |
Dwight D Erdbruegger | officer: President | 12444 POWERSCOURT DRIVE, SUITE 550, ST. LOUIS MO 63131 |
Robert J Mathias | officer: President, Cass Bank | ACKRUTI, MIDC CROSS ROAD NO. 21, ANDHERI(E) MUMBAI K7 400093 |
Cavellier James M Jr | officer: CIO | 12444 POWERSCOURT DRIVE, SUITE 550, ST. LOUIS MO 63131 |
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