GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Deluxe Corp (FRA:DL8) » Definitions » Cyclically Adjusted FCF per Share

Deluxe (FRA:DL8) Cyclically Adjusted FCF per Share : €4.48 (As of Mar. 2025)


View and export this data going back to 1980. Start your Free Trial

What is Deluxe 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.

Deluxe's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.497. 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 €4.48 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Deluxe's average Cyclically Adjusted FCF Growth Rate was -5.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -2.70% 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 2.60% 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 Deluxe was 8.60% per year. The lowest was -2.70% per year. And the median was 2.50% per year.

As of today (2025-05-20), Deluxe's current stock price is €13.70. Deluxe's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €4.48. Deluxe's Cyclically Adjusted Price-to-FCF of today is 3.06.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deluxe was 16.97. The lowest was 2.68. And the median was 7.92.


Deluxe Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Deluxe'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.

Deluxe Cyclically Adjusted FCF per Share Chart

Deluxe Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.06 4.66 5.06 4.75 4.65

Deluxe Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.75 4.64 4.40 4.65 4.48

Competitive Comparison of Deluxe's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, Deluxe'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.


Deluxe's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Deluxe's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


;
;

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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.497/134.9266*134.9266
=0.497

Current CPI (Mar. 2025) = 134.9266.

Deluxe Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.040 100.684 1.394
201509 1.110 100.392 1.492
201512 1.428 99.792 1.931
201603 1.141 100.470 1.532
201606 0.791 101.688 1.050
201609 1.271 101.861 1.684
201612 1.884 101.863 2.496
201703 1.216 102.862 1.595
201706 1.199 103.349 1.565
201709 1.088 104.136 1.410
201712 1.745 104.011 2.264
201803 1.127 105.290 1.444
201806 0.934 106.317 1.185
201809 1.055 106.507 1.337
201812 1.946 105.998 2.477
201903 0.618 107.251 0.777
201906 0.853 108.070 1.065
201909 1.827 108.329 2.276
201912 1.317 108.420 1.639
202003 0.262 108.902 0.325
202006 1.490 108.767 1.848
202009 0.840 109.815 1.032
202012 0.380 109.897 0.467
202103 0.354 111.754 0.427
202106 0.375 114.631 0.441
202109 0.611 115.734 0.712
202112 0.689 117.630 0.790
202203 0.282 121.301 0.314
202206 0.295 125.017 0.318
202209 0.536 125.227 0.578
202212 0.804 125.222 0.866
202303 -0.689 127.348 -0.730
202306 0.499 128.729 0.523
202309 0.916 129.860 0.952
202312 1.322 129.419 1.378
202403 0.127 131.776 0.130
202406 0.238 132.554 0.242
202409 0.940 133.029 0.953
202412 0.755 133.157 0.765
202503 0.497 134.927 0.497

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


Deluxe  (FRA:DL8) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13.70/4.48
=3.06

* 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 Deluxe was 16.97. The lowest was 2.68. And the median was 7.92.


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.


Deluxe Cyclically Adjusted FCF per Share Related Terms

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


Deluxe Business Description

Industry
Traded in Other Exchanges
Address
801 S. Marquette Avenue, Minneapolis, MN, USA, 55402-2807
Deluxe Corporation is principally a payments and data company. Its reportable segments are; Merchant Services, B2B Payments, Data Solutions, and Print. Maximum revenue is derived from its Print segment which provides printed personal and business checks, business essentials, as well as branded promotional, print, apparel, and digital storefront solutions. The Merchant Services segment provides electronic credit and debit card authorization, payment systems, and processing services. The B2B segment offers treasury management solutions, integrated accounts payable disbursements, and fraud and security services, and the Data Solutions segment offers data, analytics, and marketing services as well as financial institution profitability reporting and business incorporation services.

Deluxe Headlines

No Headlines