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Perion Network (STU:IW2) Cyclically Adjusted FCF per Share : €1.67 (As of Mar. 2024)


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What is Perion Network 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.

Perion Network's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.120. 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 €1.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Perion Network's average Cyclically Adjusted FCF Growth Rate was 3.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -4.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -5.50% 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 Perion Network was -2.10% per year. The lowest was -8.90% per year. And the median was -5.50% per year.

As of today (2024-05-21), Perion Network's current stock price is €10.96. Perion Network's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.67. Perion Network's Cyclically Adjusted Price-to-FCF of today is 6.56.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Perion Network was 22.53. The lowest was 0.85. And the median was 3.18.


Perion Network Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Perion Network'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.

Perion Network Cyclically Adjusted FCF per Share Chart

Perion Network 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 2.15 1.90 2.19 1.88 1.72

Perion Network 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 1.70 1.55 1.56 1.72 1.67

Competitive Comparison of Perion Network's Cyclically Adjusted FCF per Share

For the Internet Content & Information subindustry, Perion Network'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.


Perion Network's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Perion Network's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Perion Network 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, Perion Network'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)
=0.12/131.7762*131.7762
=0.120

Current CPI (Mar. 2024) = 131.7762.

Perion Network Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.036 100.560 0.047
201409 0.939 100.428 1.232
201412 0.664 99.070 0.883
201503 0.330 99.621 0.437
201506 0.318 100.684 0.416
201509 0.137 100.392 0.180
201512 -0.358 99.792 -0.473
201603 0.057 100.470 0.075
201606 0.092 101.688 0.119
201609 0.319 101.861 0.413
201612 0.393 101.863 0.508
201703 0.233 102.862 0.298
201706 0.045 103.349 0.057
201709 0.476 104.136 0.602
201712 0.187 104.011 0.237
201803 0.434 105.290 0.543
201806 0.079 106.317 0.098
201809 0.304 106.507 0.376
201812 0.114 105.998 0.142
201903 0.470 107.251 0.577
201906 0.283 108.070 0.345
201909 0.368 108.329 0.448
201912 0.349 108.420 0.424
202003 0.078 108.902 0.094
202006 0.004 108.767 0.005
202009 0.189 109.815 0.227
202012 0.349 109.897 0.418
202103 0.313 111.754 0.369
202106 0.323 114.631 0.371
202109 0.315 115.734 0.359
202112 0.624 117.630 0.699
202203 0.450 121.301 0.489
202206 0.511 125.017 0.539
202209 0.722 125.227 0.760
202212 0.721 125.222 0.759
202303 0.333 127.348 0.345
202306 0.877 128.729 0.898
202309 0.745 129.860 0.756
202312 0.901 129.419 0.917
202403 0.120 131.776 0.120

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


Perion Network  (STU:IW2) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.96/1.67
=6.56

* 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 Perion Network was 22.53. The lowest was 0.85. And the median was 3.18.


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.


Perion Network Cyclically Adjusted FCF per Share Related Terms

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


Perion Network (STU:IW2) Business Description

Traded in Other Exchanges
Address
26 HaRokmim Street, Holon, ISR, 5885849
Perion Network Ltd is a technology company. It offers online advertising and searching solutions to brands, agencies, and publishers through desktop, mobile and social channels. Its products and services include Undertone, Codefuel, Make me reach, and Smilebox. The company earns prime revenue from search fees and online advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the group has a business presence in North America, Europe, and Other countries of which a majority of the revenue is derived from North America.

Perion Network (STU:IW2) Headlines

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