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EPAM Systems (MEX:EPAM) Cyclically Adjusted FCF per Share : MXN128.05 (As of Mar. 2025)


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What is EPAM 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.

EPAM Systems's adjusted free cash flow per share for the three months ended in Mar. 2025 was MXN5.299. 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 MXN128.05 for the trailing ten years ended in Mar. 2025.

During the past 12 months, EPAM Systems's average Cyclically Adjusted FCF Growth Rate was 11.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 25.00% 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 EPAM Systems was 30.10% per year. The lowest was 19.70% per year. And the median was 24.50% per year.

As of today (2025-05-24), EPAM Systems's current stock price is MXN3615.00. EPAM Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN128.05. EPAM Systems's Cyclically Adjusted Price-to-FCF of today is 28.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of EPAM Systems was 216.28. The lowest was 22.85. And the median was 83.15.


EPAM Systems Cyclically Adjusted FCF per Share Historical Data

The historical data trend for EPAM 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.

EPAM Systems Cyclically Adjusted FCF per Share Chart

EPAM Systems 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 55.01 72.23 97.31 90.71 136.30

EPAM Systems 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 106.09 97.99 111.06 136.30 128.05

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

For the Information Technology Services subindustry, EPAM 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.


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

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

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


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EPAM 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, EPAM Systems'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)
=5.299/134.9266*134.9266
=5.299

Current CPI (Mar. 2025) = 134.9266.

EPAM Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.975 100.684 -1.307
201509 16.196 100.392 21.767
201512 2.637 99.792 3.565
201603 1.522 100.470 2.044
201606 10.793 101.688 14.321
201609 19.894 101.861 26.352
201612 18.041 101.863 23.897
201703 8.166 102.862 10.712
201706 8.081 103.349 10.550
201709 18.667 104.136 24.186
201712 20.469 104.011 26.553
201803 -1.092 105.290 -1.399
201806 17.663 106.317 22.416
201809 30.912 106.507 39.160
201812 39.006 105.998 49.651
201903 -4.618 107.251 -5.810
201906 10.812 108.070 13.499
201909 31.321 108.329 39.011
201912 25.238 108.420 31.408
202003 13.784 108.902 17.078
202006 53.383 108.767 66.222
202009 62.477 109.815 76.764
202012 47.715 109.897 58.582
202103 0.571 111.754 0.689
202106 15.601 114.631 18.363
202109 64.232 115.734 74.884
202112 78.927 117.630 90.533
202203 -25.377 121.301 -28.228
202206 20.235 125.017 21.839
202209 79.183 125.227 85.317
202212 54.059 125.222 58.249
202303 24.142 127.348 25.579
202306 23.803 128.729 24.949
202309 62.425 129.860 64.861
202312 46.497 129.419 48.476
202403 34.688 131.776 35.517
202406 16.485 132.554 16.780
202409 81.263 133.029 82.422
202412 41.589 133.157 42.142
202503 5.299 134.927 5.299

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


EPAM Systems  (MEX:EPAM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3615.00/128.05
=28.23

* 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 EPAM Systems was 216.28. The lowest was 22.85. And the median was 83.15.


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.


EPAM Systems Cyclically Adjusted FCF per Share Related Terms

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


EPAM Systems Business Description

Industry
Traded in Other Exchanges
Address
41 University Drive, Suite 202, Newtown, PA, USA, 18940
EPAM Systems is a global IT services firm that offers platform engineering, software development, and consulting services. EPAM's largest market is North America, which represents approximately 60% of revenue. Offerings span assisting companies with new technologies, such as artificial intelligence, virtual reality, and robotics.