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Paycom Software (MEX:PAYC) Cyclically Adjusted FCF per Share : MXN69.07 (As of Mar. 2025)


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What is Paycom Software 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.

Paycom Software's adjusted free cash flow per share for the three months ended in Mar. 2025 was MXN52.617. 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 MXN69.07 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Paycom Software's average Cyclically Adjusted FCF Growth Rate was 25.80% 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.

As of today (2025-05-25), Paycom Software's current stock price is MXN5050.00. Paycom Software's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN69.07. Paycom Software's Cyclically Adjusted Price-to-FCF of today is 73.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Paycom Software was 193.01. The lowest was 50.16. And the median was 79.70.


Paycom Software Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Paycom Software'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.

Paycom Software Cyclically Adjusted FCF per Share Chart

Paycom Software 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 - - 35.52 39.31 69.59

Paycom Software 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 42.78 50.85 55.21 69.59 69.07

Competitive Comparison of Paycom Software's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Paycom Software'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.


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

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

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


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Paycom Software 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, Paycom Software'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)
=52.617/134.9266*134.9266
=52.617

Current CPI (Mar. 2025) = 134.9266.

Paycom Software Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.942 100.684 2.602
201509 1.772 100.392 2.382
201512 0.720 99.792 0.973
201603 6.367 100.470 8.551
201606 2.719 101.688 3.608
201609 3.969 101.861 5.257
201612 4.404 101.863 5.834
201703 10.002 102.862 13.120
201706 0.705 103.349 0.920
201709 4.852 104.136 6.287
201712 7.246 104.011 9.400
201803 11.994 105.290 15.370
201806 9.775 106.317 12.405
201809 10.733 106.507 13.597
201812 7.875 105.998 10.024
201903 21.800 107.251 27.426
201906 7.408 108.070 9.249
201909 5.842 108.329 7.276
201912 8.398 108.420 10.451
202003 22.591 108.902 27.990
202006 -0.495 108.767 -0.614
202009 17.382 109.815 21.357
202012 11.032 109.897 13.545
202103 22.448 111.754 27.103
202106 6.711 114.631 7.899
202109 20.392 115.734 23.774
202112 18.245 117.630 20.928
202203 28.303 121.301 31.482
202206 6.403 125.017 6.911
202209 15.032 125.227 16.196
202212 28.026 125.222 30.198
202303 32.787 127.348 34.738
202306 18.636 128.729 19.533
202309 13.911 129.860 14.454
202312 21.526 129.419 22.442
202403 29.586 131.776 30.293
202406 27.913 132.554 28.413
202409 15.680 133.029 15.904
202412 38.896 133.157 39.413
202503 52.617 134.927 52.617

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


Paycom Software  (MEX:PAYC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5050.00/69.07
=73.11

* 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 Paycom Software was 193.01. The lowest was 50.16. And the median was 79.70.


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.


Paycom Software Cyclically Adjusted FCF per Share Related Terms

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


Paycom Software Business Description

Industry
Traded in Other Exchanges
Address
7501 W. Memorial Road, Oklahoma, OK, USA, 73142
Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.