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IDEX (STU:ID7) Cyclically Adjusted FCF per Share : €6.39 (As of Mar. 2024)


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What is IDEX 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.

IDEX's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.656. 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 €6.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, IDEX's average Cyclically Adjusted FCF Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 10.50% 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 IDEX was 23.40% per year. The lowest was -3.00% per year. And the median was 11.95% per year.

As of today (2024-05-27), IDEX's current stock price is €196.40. IDEX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €6.39. IDEX's Cyclically Adjusted Price-to-FCF of today is 30.74.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of IDEX was 44.05. The lowest was 22.59. And the median was 32.98.


IDEX Cyclically Adjusted FCF per Share Historical Data

The historical data trend for IDEX'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.

IDEX Cyclically Adjusted FCF per Share Chart

IDEX 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 3.97 3.94 5.00 5.86 6.00

IDEX 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 5.88 5.91 6.27 6.00 6.39

Competitive Comparison of IDEX's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, IDEX'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.


IDEX's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IDEX's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



IDEX 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, IDEX'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)
=1.656/131.7762*131.7762
=1.656

Current CPI (Mar. 2024) = 131.7762.

IDEX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.721 100.560 0.945
201409 0.866 100.428 1.136
201412 0.888 99.070 1.181
201503 0.461 99.621 0.610
201506 0.970 100.684 1.270
201509 1.200 100.392 1.575
201512 1.040 99.792 1.373
201603 0.723 100.470 0.948
201606 0.929 101.688 1.204
201609 1.320 101.861 1.708
201612 1.308 101.863 1.692
201703 0.910 102.862 1.166
201706 0.900 103.349 1.148
201709 1.250 104.136 1.582
201712 1.311 104.011 1.661
201803 0.644 105.290 0.806
201806 1.165 106.317 1.444
201809 1.262 106.507 1.561
201812 1.566 105.998 1.947
201903 0.879 107.251 1.080
201906 1.371 108.070 1.672
201909 1.732 108.329 2.107
201912 1.607 108.420 1.953
202003 0.852 108.902 1.031
202006 1.884 108.767 2.283
202009 1.513 109.815 1.816
202012 1.588 109.897 1.904
202103 1.043 111.754 1.230
202106 1.307 114.631 1.502
202109 1.574 115.734 1.792
202112 1.574 117.630 1.763
202203 0.756 121.301 0.821
202206 1.202 125.017 1.267
202209 2.422 125.227 2.549
202212 1.837 125.222 1.933
202303 1.493 127.348 1.545
202306 1.454 128.729 1.488
202309 2.549 129.860 2.587
202312 2.167 129.419 2.206
202403 1.656 131.776 1.656

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


IDEX  (STU:ID7) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=196.40/6.39
=30.74

* 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 IDEX was 44.05. The lowest was 22.59. And the median was 32.98.


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.


IDEX Cyclically Adjusted FCF per Share Related Terms

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


IDEX (STU:ID7) Business Description

Industry
Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.

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