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F5 (FRA:FFV) Cyclically Adjusted FCF per Share : €11.16 (As of Mar. 2025)


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What is F5 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.

F5's adjusted free cash flow per share for the three months ended in Mar. 2025 was €3.874. 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 €11.16 for the trailing ten years ended in Mar. 2025.

During the past 12 months, F5's average Cyclically Adjusted FCF Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 12.20% 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 F5 was 41.10% per year. The lowest was 6.30% per year. And the median was 18.80% per year.

As of today (2025-05-24), F5's current stock price is €249.60. F5's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €11.16. F5's Cyclically Adjusted Price-to-FCF of today is 22.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of F5 was 31.05. The lowest was 11.82. And the median was 20.00.


F5 Cyclically Adjusted FCF per Share Historical Data

The historical data trend for F5'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.

F5 Cyclically Adjusted FCF per Share Chart

F5 Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.71 8.65 11.28 10.67 10.58

F5 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 10.73 10.94 10.58 11.65 11.16

Competitive Comparison of F5's Cyclically Adjusted FCF per Share

For the Software - Infrastructure subindustry, F5'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.


F5's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, F5's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where F5's Cyclically Adjusted Price-to-FCF falls into.


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F5 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, F5'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)
=3.874/134.9266*134.9266
=3.874

Current CPI (Mar. 2025) = 134.9266.

F5 Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.873 100.684 2.510
201509 2.050 100.392 2.755
201512 2.461 99.792 3.327
201603 1.544 100.470 2.074
201606 2.043 101.688 2.711
201609 2.473 101.861 3.276
201612 2.472 101.863 3.274
201703 2.383 102.862 3.126
201706 2.145 103.349 2.800
201709 2.705 104.136 3.505
201712 2.478 104.011 3.215
201803 2.287 105.290 2.931
201806 2.253 106.317 2.859
201809 2.608 106.507 3.304
201812 2.563 105.998 3.262
201903 2.426 107.251 3.052
201906 1.726 108.070 2.155
201909 2.775 108.329 3.456
201912 1.801 108.420 2.241
202003 2.499 108.902 3.096
202006 2.122 108.767 2.632
202009 2.245 109.815 2.758
202012 1.751 109.897 2.150
202103 1.609 111.754 1.943
202106 2.339 114.631 2.753
202109 2.602 115.734 3.033
202112 1.141 117.630 1.309
202203 1.793 121.301 1.994
202206 0.971 125.017 1.048
202209 2.441 125.227 2.630
202212 2.259 125.222 2.434
202303 2.004 127.348 2.123
202306 2.296 128.729 2.407
202309 2.738 129.860 2.845
202312 2.402 129.419 2.504
202403 3.276 131.776 3.354
202406 2.405 132.554 2.448
202409 3.669 133.029 3.721
202412 3.149 133.157 3.191
202503 3.874 134.927 3.874

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


F5  (FRA:FFV) 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.

F5's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=249.60/11.16
=22.37

* 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 F5 was 31.05. The lowest was 11.82. And the median was 20.00.


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.


F5 Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of F5's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


F5 Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » F5 Inc (FRA:FFV) » Definitions » Cyclically Adjusted FCF per Share
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Address
801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, and went public in 1999.

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