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Microsoft (XAMS:MSF) Cyclically Adjusted FCF per Share : $0.00 (As of Mar. 2024)


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What is Microsoft Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Microsoft's adjusted free cash flow per share for the three months ended in Mar. 2024 was $2.716. 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 $0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Microsoft's average Cyclically Adjusted FCF Growth Rate was 13.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 10.20% 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 Microsoft was 39.00% per year. The lowest was 7.00% per year. And the median was 11.90% per year.

As of today (2024-05-25), Microsoft's current stock price is $81.63. Microsoft's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.00. Microsoft's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Microsoft was 71.78. The lowest was 13.66. And the median was 32.13.


Microsoft Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Microsoft'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.

Microsoft Cyclically Adjusted FCF per Share Chart

Microsoft Annual Data
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Microsoft Quarterly Data
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Competitive Comparison of Microsoft's Cyclically Adjusted FCF per Share

For the Software - Infrastructure subindustry, Microsoft'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.


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

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

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



Microsoft 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, Microsoft'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)
=2.716/131.7762*131.7762
=2.716

Current CPI (Mar. 2024) = 131.7762.

Microsoft Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.011 100.560 1.325
201409 0.847 100.428 1.111
201412 0.343 99.070 0.456
201503 0.997 99.621 1.319
201506 0.623 100.684 0.815
201509 0.930 100.392 1.221
201512 0.446 99.792 0.589
201603 1.009 100.470 1.323
201606 0.733 101.688 0.950
201609 1.192 101.861 1.542
201612 0.550 101.863 0.712
201703 1.147 102.862 1.469
201706 1.117 103.349 1.424
201709 1.322 104.136 1.673
201712 0.685 104.011 0.868
201803 1.194 105.290 1.494
201806 0.963 106.317 1.194
201809 1.302 106.507 1.611
201812 0.673 105.998 0.837
201903 1.419 107.251 1.743
201906 1.562 108.070 1.905
201909 1.351 108.329 1.643
201912 0.924 108.420 1.123
202003 1.779 108.902 2.153
202006 1.804 108.767 2.186
202009 1.869 109.815 2.243
202012 1.081 109.897 1.296
202103 2.214 111.754 2.611
202106 2.106 114.631 2.421
202109 2.426 115.734 2.762
202112 1.116 117.630 1.250
202203 2.597 121.301 2.821
202206 2.300 125.017 2.424
202209 2.191 125.227 2.306
202212 0.635 125.222 0.668
202303 2.310 127.348 2.390
202306 2.568 128.729 2.629
202309 2.677 129.860 2.717
202312 1.181 129.419 1.203
202403 2.716 131.776 2.716

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


Microsoft  (XAMS:MSF) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Microsoft was 71.78. The lowest was 13.66. And the median was 32.13.


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.


Microsoft Cyclically Adjusted FCF per Share Related Terms

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


Microsoft (XAMS:MSF) Business Description

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Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).

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