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Bechtle AG (LTS:0DPM) Cyclically Adjusted FCF per Share : €1.47 (As of Dec. 2024)


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What is Bechtle AG 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.

Bechtle AG's adjusted free cash flow per share for the three months ended in Dec. 2024 was €1.921. 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 €1.47 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Bechtle AG's average Cyclically Adjusted FCF Growth Rate was 34.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 24.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 26.10% 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 Bechtle AG was 31.50% per year. The lowest was 23.40% per year. And the median was 24.30% per year.

As of today (2025-05-10), Bechtle AG's current stock price is €38.86. Bechtle AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was €1.47. Bechtle AG's Cyclically Adjusted Price-to-FCF of today is 26.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bechtle AG was 134.42. The lowest was 20.93. And the median was 77.37.


Bechtle AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bechtle AG'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.

Bechtle AG Cyclically Adjusted FCF per Share Chart

Bechtle AG 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 0.58 0.74 0.80 1.07 1.47

Bechtle AG 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 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 1.07 1.10 1.17 1.29 1.47

Competitive Comparison of Bechtle AG's Cyclically Adjusted FCF per Share

For the Information Technology Services subindustry, Bechtle AG'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.


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

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

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


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Bechtle AG 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, Bechtle AG'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)
=1.921/127.0412*127.0412
=1.921

Current CPI (Dec. 2024) = 127.0412.

Bechtle AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -0.037 99.717 -0.047
201506 0.082 100.417 0.104
201509 0.042 100.417 0.053
201512 0.663 99.717 0.845
201603 -0.211 100.017 -0.268
201606 0.137 100.717 0.173
201609 0.029 101.017 0.036
201612 0.140 101.217 0.176
201703 -0.249 101.417 -0.312
201706 -0.198 102.117 -0.246
201709 0.211 102.717 0.261
201712 0.133 102.617 0.165
201803 -0.050 102.917 -0.062
201806 -0.132 104.017 -0.161
201809 0.196 104.718 0.238
201812 0.654 104.217 0.797
201903 -0.312 104.217 -0.380
201906 -0.122 105.718 -0.147
201909 0.386 106.018 0.463
201912 1.137 105.818 1.365
202003 0.064 105.718 0.077
202006 0.046 106.618 0.055
202009 0.955 105.818 1.147
202012 0.930 105.518 1.120
202103 0.086 107.518 0.102
202106 0.082 108.486 0.096
202109 -0.301 109.435 -0.349
202112 1.928 110.384 2.219
202203 -1.157 113.968 -1.290
202206 -0.731 115.760 -0.802
202209 -0.379 118.818 -0.405
202212 2.545 119.345 2.709
202303 -0.290 122.402 -0.301
202306 0.439 123.140 0.453
202309 0.799 124.195 0.817
202312 1.893 123.773 1.943
202403 0.211 125.038 0.214
202406 0.580 125.882 0.585
202409 1.014 126.198 1.021
202412 1.921 127.041 1.921

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


Bechtle AG  (LTS:0DPM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.86/1.47
=26.44

* 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 Bechtle AG was 134.42. The lowest was 20.93. And the median was 77.37.


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.


Bechtle AG Cyclically Adjusted FCF per Share Related Terms

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


Bechtle AG Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Bechtle AG (LTS:0DPM) » Definitions » Cyclically Adjusted FCF per Share
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Address
Bechtle Platz 1, Neckarsulm, BW, DEU, 74172
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. Bechtle operates through two segments: IT System House and Managed Services, and IT E-commerce. The IT System House and Managed Services segment consist of IT strategy consulting, hardware and software sales, project planning and roll-out, system integrations, IT services and training, and client management, among others. The IT E-commerce segment includes e-procurement services, software solutions, and product marketing through the Internet and telemarketing.

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