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Brightcove (Brightcove) Cyclically Adjusted FCF per Share : $0.04 (As of Mar. 2024)


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What is Brightcove 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.

Brightcove's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.022. 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 $0.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Brightcove's average Cyclically Adjusted FCF Growth Rate was 33.30% 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.

As of today (2024-05-25), Brightcove's current stock price is $2.13. Brightcove's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.04. Brightcove's Cyclically Adjusted Price-to-FCF of today is 53.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Brightcove was 306.00. The lowest was 40.75. And the median was 131.33.


Brightcove Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Brightcove'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.

Brightcove Cyclically Adjusted FCF per Share Chart

Brightcove Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.37 -0.31 -0.01 0.05 0.01

Brightcove Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.03 0.03 0.01 0.01 0.04

Competitive Comparison of Brightcove's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Brightcove'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.


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

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

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



Brightcove 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, Brightcove's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.022/131.7762*131.7762
=-0.022

Current CPI (Mar. 2024) = 131.7762.

Brightcove Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.027 100.560 -0.035
201409 0.046 100.428 0.060
201412 0.062 99.070 0.082
201503 -0.021 99.621 -0.028
201506 -0.051 100.684 -0.067
201509 0.095 100.392 0.125
201512 0.168 99.792 0.222
201603 0.037 100.470 0.049
201606 0.024 101.688 0.031
201609 0.036 101.861 0.047
201612 0.070 101.863 0.091
201703 -0.222 102.862 -0.284
201706 -0.027 103.349 -0.034
201709 -0.180 104.136 -0.228
201712 0.120 104.011 0.152
201803 -0.017 105.290 -0.021
201806 -0.054 106.317 -0.067
201809 -0.043 106.507 -0.053
201812 0.058 105.998 0.072
201903 -0.025 107.251 -0.031
201906 -0.151 108.070 -0.184
201909 0.063 108.329 0.077
201912 -0.009 108.420 -0.011
202003 -0.006 108.902 -0.007
202006 0.013 108.767 0.016
202009 0.034 109.815 0.041
202012 0.274 109.897 0.329
202103 -0.050 111.754 -0.059
202106 0.135 114.631 0.155
202109 0.119 115.734 0.135
202112 0.054 117.630 0.060
202203 -0.132 121.301 -0.143
202206 0.238 125.017 0.251
202209 -0.072 125.227 -0.076
202212 -0.014 125.222 -0.015
202303 -0.412 127.348 -0.426
202306 0.166 128.729 0.170
202309 -0.050 129.860 -0.051
202312 0.032 129.419 0.033
202403 -0.022 131.776 -0.022

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


Brightcove  (NAS:BCOV) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.13/0.04
=53.25

* 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 Brightcove was 306.00. The lowest was 40.75. And the median was 131.33.


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.


Brightcove Cyclically Adjusted FCF per Share Related Terms

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


Brightcove (Brightcove) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Brightcove Inc (NAS:BCOV) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
281 Summer Street, Boston, MA, USA, 02210
Brightcove Inc is a provider of cloud-based services for the video ecosystem. The firm targets its solutions at media companies, broadcasters, publishers, and corporations. Brightcove Video Cloud is the firm's flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a significant portion of the firm's revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia.
Executives
Marc Debevoise director, officer: Chief Executive Officer LIMELIGHT NETWORKS, 222 SOUTH MILL AVENUE, #800, TEMPE AZ 85281
Edenbrook Capital, Llc 10 percent owner 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Kristin E. Frank director C/O GAIAM, INC., 833 WEST SOUTH BOULDER ROAD, LOUISVILLE CO 80027
Ritcha Ranjan director BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Scott Kurnit director
Diane Hessan director 2 BATTERY WHARF, #2510, BOSTON MA 02109
Thomas E Wheeler director 1250 CONNECTICUT AVE NW, CELLULAR TELECOMMUNICATIONS& INTERNET, WASHINGTON DC 20036
Jeff Ray director, officer: Chief Executive Officer C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Jonathan Brolin 10 percent owner 2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507
David Plotkin officer: General Counsel, SVP BRIGHTCOVE INC., 390 CONGRESS STEET, BOSTON MA 02210
Tsedal Neeley director BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Deborah M. Besemer director 257 TURNPIKE ROAD, SUITE 210, SOUTHBOROUGH MA 01772
Robert Noreck officer: Chief Financial Officer C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Chet Kapoor director BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Christopher Stagno officer: PAO, VP, Corporate Controller C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02110

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