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Workday (STU:W7D) Cyclically Adjusted FCF per Share : €3.08 (As of Jan. 2024)


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What is Workday 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.

Workday's adjusted free cash flow per share for the three months ended in Jan. 2024 was €3.240. 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 €3.08 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Workday's average Cyclically Adjusted FCF Growth Rate was 31.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 35.00% 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 Workday was 35.00% per year. The lowest was 35.00% per year. And the median was 35.00% per year.

As of today (2024-05-15), Workday's current stock price is €227.95. Workday's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €3.08. Workday's Cyclically Adjusted Price-to-FCF of today is 74.01.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Workday was 216.31. The lowest was 58.43. And the median was 89.19.


Workday Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Workday'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.

Workday Cyclically Adjusted FCF per Share Chart

Workday Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.73 1.57 2.25 3.08

Workday Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2.25 2.38 2.55 2.74 3.08

Competitive Comparison of Workday's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Workday'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.


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

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=3.24/129.4194*129.4194
=3.240

Current CPI (Jan. 2024) = 129.4194.

Workday Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.047 100.023 0.061
201407 -0.150 100.520 -0.193
201410 0.057 100.176 0.074
201501 0.049 98.604 0.064
201504 0.315 99.824 0.408
201507 -0.049 100.691 -0.063
201510 0.069 100.346 0.089
201601 0.270 99.957 0.350
201604 0.581 100.947 0.745
201607 -0.092 101.524 -0.117
201610 0.200 101.988 0.254
201701 0.361 102.456 0.456
201704 0.684 103.167 0.858
201707 -0.098 103.278 -0.123
201710 0.438 104.070 0.545
201801 0.309 104.578 0.382
201804 0.518 105.708 0.634
201807 0.013 106.324 0.016
201810 0.235 106.695 0.285
201901 0.780 106.200 0.951
201904 0.572 107.818 0.687
201907 0.097 108.250 0.116
201910 0.803 108.577 0.957
202001 0.973 108.841 1.157
202004 0.805 108.173 0.963
202007 0.334 109.318 0.395
202010 0.770 109.861 0.907
202101 1.710 110.364 2.005
202104 1.312 112.673 1.507
202107 0.360 115.183 0.404
202110 1.189 116.696 1.319
202201 1.857 118.619 2.026
202204 1.401 121.978 1.486
202207 -0.210 125.002 -0.217
202210 1.386 125.734 1.427
202301 2.236 126.223 2.293
202304 0.729 127.992 0.737
202307 1.236 128.974 1.240
202310 1.392 129.810 1.388
202401 3.240 129.419 3.240

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


Workday  (STU:W7D) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=227.95/3.08
=74.01

* 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 Workday was 216.31. The lowest was 58.43. And the median was 89.19.


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.


Workday Cyclically Adjusted FCF per Share Related Terms

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


Workday (STU:W7D) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Workday Inc (STU:W7D) » Definitions » Cyclically Adjusted FCF per Share
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Address
6110 Stoneridge Mall Road, Pleasanton, CA, USA, 94588
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 12,000 employees.

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