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ExlService Holdings (STU:LHV) Cyclically Adjusted FCF per Share : €0.77 (As of Mar. 2025)


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What is ExlService Holdings 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.

ExlService Holdings's adjusted free cash flow per share for the three months ended in Mar. 2025 was €-0.055. 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 €0.77 for the trailing ten years ended in Mar. 2025.

During the past 12 months, ExlService Holdings's average Cyclically Adjusted FCF Growth Rate was 20.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 14.60% 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 ExlService Holdings was 20.00% per year. The lowest was 7.10% per year. And the median was 12.90% per year.

As of today (2025-05-24), ExlService Holdings's current stock price is €40.01. ExlService Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.77. ExlService Holdings's Cyclically Adjusted Price-to-FCF of today is 51.96.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ExlService Holdings was 62.68. The lowest was 21.95. And the median was 40.02.


ExlService Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ExlService Holdings'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.

ExlService Holdings Cyclically Adjusted FCF per Share Chart

ExlService Holdings 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 - - - 0.62 0.78

ExlService Holdings 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 0.62 0.67 0.69 0.78 0.77

Competitive Comparison of ExlService Holdings's Cyclically Adjusted FCF per Share

For the Information Technology Services subindustry, ExlService Holdings'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.


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

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

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


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ExlService Holdings 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, ExlService Holdings'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)
=-0.055/134.9266*134.9266
=-0.055

Current CPI (Mar. 2025) = 134.9266.

ExlService Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.112 100.684 0.150
201509 0.108 100.392 0.145
201512 0.202 99.792 0.273
201603 -0.099 100.470 -0.133
201606 0.160 101.688 0.212
201609 0.122 101.861 0.162
201612 0.223 101.863 0.295
201703 -0.022 102.862 -0.029
201706 0.146 103.349 0.191
201709 0.091 104.136 0.118
201712 0.164 104.011 0.213
201803 -0.095 105.290 -0.122
201806 0.074 106.317 0.094
201809 0.110 106.507 0.139
201812 0.176 105.998 0.224
201903 -0.013 107.251 -0.016
201906 0.143 108.070 0.179
201909 0.252 108.329 0.314
201912 0.282 108.420 0.351
202003 -0.135 108.902 -0.167
202006 0.321 108.767 0.398
202009 0.271 109.815 0.333
202012 0.330 109.897 0.405
202103 0.012 111.754 0.014
202106 0.152 114.631 0.179
202109 0.251 115.734 0.293
202112 0.325 117.630 0.373
202203 -0.230 121.301 -0.256
202206 0.397 125.017 0.428
202209 0.245 125.227 0.264
202212 0.292 125.222 0.315
202303 0.020 127.348 0.021
202306 0.186 128.729 0.195
202309 0.300 129.860 0.312
202312 0.370 129.419 0.386
202403 -0.183 131.776 -0.187
202406 0.356 132.554 0.362
202409 0.537 133.029 0.545
202412 0.557 133.157 0.564
202503 -0.055 134.927 -0.055

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


ExlService Holdings  (STU:LHV) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=40.01/0.77
=51.96

* 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 ExlService Holdings was 62.68. The lowest was 21.95. And the median was 40.02.


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.


ExlService Holdings Cyclically Adjusted FCF per Share Related Terms

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


ExlService Holdings Business Description

Industry
Traded in Other Exchanges
Address
320 Park Avenue, 29th Floor, New York, NY, USA, 10022
ExlService Holdings Inc. is a business process management company that provides digital operations and analytical services to clients driving enterprise-scale business transformation initiatives that leverage the company's deep expertise in analytics, AI, ML, and cloud. The company offers business process outsourcing and automation services, and data-driven insights to customers across multiple industries. The company operates through four segments based on the products and services offered and markets served: Insurance, Healthcare, Emerging Business, and Analytics . The vast majority of the company's revenue is earned in the United States, and more than half of its revenue comes from Analytics segment.

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