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Cisco Systems (FRA:CIS) Cyclically Adjusted FCF per Share : €3.24 (As of Jan. 2024)


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What is Cisco Systems 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.

Cisco Systems's adjusted free cash flow per share for the three months ended in Jan. 2024 was €0.144. 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 €3.24 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Cisco Systems's average Cyclically Adjusted FCF Growth Rate was 4.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 7.80% 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 Cisco Systems was 44.20% per year. The lowest was 6.20% per year. And the median was 10.65% per year.

As of today (2024-04-30), Cisco Systems's current stock price is €44.565. Cisco Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €3.24. Cisco Systems's Cyclically Adjusted Price-to-FCF of today is 13.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cisco Systems was 24.74. The lowest was 11.92. And the median was 15.53.


Cisco Systems Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cisco 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.

* Premium members only.

Cisco Systems Cyclically Adjusted FCF per Share Chart

Cisco Systems Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.23 2.16 2.47 3.17 3.21

Cisco Systems Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 3.04 3.11 3.21 3.30 3.24

Competitive Comparison of Cisco Systems's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Cisco 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.


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

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

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



Cisco Systems 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, Cisco Systems's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.144/129.4194*129.4194
=0.144

Current CPI (Jan. 2024) = 129.4194.

Cisco Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.395 100.023 0.511
201407 0.468 100.520 0.603
201410 0.338 100.176 0.437
201501 0.437 98.604 0.574
201504 0.482 99.824 0.625
201507 0.678 100.691 0.871
201510 0.436 100.346 0.562
201601 0.652 99.957 0.844
201604 0.480 100.947 0.615
201607 0.634 101.524 0.808
201610 0.440 101.988 0.558
201701 0.657 102.456 0.830
201704 0.581 103.167 0.729
201707 0.654 103.278 0.820
201710 0.496 104.070 0.617
201801 0.643 104.578 0.796
201804 0.366 105.708 0.448
201807 0.686 106.324 0.835
201810 0.670 106.695 0.813
201901 0.688 106.200 0.838
201904 0.827 107.818 0.993
201907 0.777 108.250 0.929
201910 0.716 108.577 0.853
202001 0.764 108.841 0.908
202004 0.882 108.173 1.055
202007 0.737 109.318 0.873
202010 0.786 109.861 0.926
202101 0.540 110.364 0.633
202104 0.731 112.673 0.840
202107 0.868 115.183 0.975
202110 0.671 116.696 0.744
202201 0.494 118.619 0.539
202204 0.789 121.978 0.837
202207 0.837 125.002 0.867
202210 0.934 125.734 0.961
202301 1.030 126.223 1.056
202304 1.098 127.992 1.110
202307 1.268 128.974 1.272
202310 0.518 129.810 0.516
202401 0.144 129.419 0.144

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


Cisco Systems  (FRA:CIS) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=44.565/3.24
=13.75

* 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 Cisco Systems was 24.74. The lowest was 11.92. And the median was 15.53.


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.


Cisco Systems Cyclically Adjusted FCF per Share Related Terms

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


Cisco Systems (FRA:CIS) Business Description

Industry
Address
170 West Tasman Drive, San Jose, CA, USA, 95134-1706
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.

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