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HP (MEX:HPQ) Cyclically Adjusted FCF per Share : MXN68.53 (As of Jan. 2025)


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What is HP 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.

HP's adjusted free cash flow per share for the three months ended in Jan. 2025 was MXN1.552. 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 MXN68.53 for the trailing ten years ended in Jan. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.60% 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 -1.30% 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 HP was 53.50% per year. The lowest was -4.10% per year. And the median was 12.50% per year.

As of today (2025-05-22), HP's current stock price is MXN557.77. HP's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2025 was MXN68.53. HP's Cyclically Adjusted Price-to-FCF of today is 8.14.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of HP was 11.73. The lowest was 2.55. And the median was 6.74.


HP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for HP'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.

HP Cyclically Adjusted FCF per Share Chart

HP Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 73.66 69.14 70.28 62.53 66.88

HP Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 58.44 56.11 61.54 66.88 68.53

Competitive Comparison of HP's Cyclically Adjusted FCF per Share

For the Computer Hardware subindustry, HP'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.


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

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

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


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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=1.552/134.0288*134.0288
=1.552

Current CPI (Jan. 2025) = 134.0288.

HP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201504 5.740 99.824 7.707
201507 6.651 100.691 8.853
201510 19.858 100.346 26.524
201601 -2.265 99.957 -3.037
201604 14.826 100.947 19.685
201607 10.767 101.524 14.214
201610 6.057 101.988 7.960
201701 8.063 102.456 10.548
201704 4.210 103.167 5.469
201707 18.059 103.278 23.436
201710 5.819 104.070 7.494
201801 9.673 104.578 12.397
201804 10.686 105.708 13.549
201807 16.058 106.324 20.242
201810 9.881 106.695 12.412
201901 8.183 106.200 10.327
201904 9.238 107.818 11.484
201907 27.343 108.250 33.854
201910 5.061 108.577 6.247
202001 14.064 108.841 17.319
202004 -10.974 108.173 -13.597
202007 24.210 109.318 29.683
202010 27.563 109.861 33.627
202101 13.958 110.364 16.951
202104 21.431 112.673 25.493
202107 15.476 115.183 18.008
202110 48.283 116.696 55.455
202201 26.108 118.619 29.500
202204 6.326 121.978 6.951
202207 3.896 125.002 4.177
202210 35.167 125.734 37.487
202301 -3.926 126.223 -4.169
202304 9.120 127.992 9.550
202307 13.999 128.974 14.548
202310 33.136 129.810 34.213
202401 -0.634 130.124 -0.653
202404 7.963 132.289 8.068
202407 23.707 132.708 23.943
202410 30.232 133.182 30.424
202501 1.552 134.029 1.552

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


HP  (MEX:HPQ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=557.77/68.53
=8.14

* 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 HP was 11.73. The lowest was 2.55. And the median was 6.74.


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.


HP Cyclically Adjusted FCF per Share Related Terms

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


HP Business Description

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HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.