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The Trade Desk (XTER:TT8) Cyclically Adjusted FCF per Share : €0.55 (As of Mar. 2025)


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What is The Trade Desk 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.

The Trade Desk's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.422. 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 €0.55 for the trailing ten years ended in Mar. 2025.

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.

As of today (2025-05-25), The Trade Desk's current stock price is €65.22. The Trade Desk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.55. The Trade Desk's Cyclically Adjusted Price-to-FCF of today is 118.58.

During the past 11 years, the highest Cyclically Adjusted Price-to-FCF of The Trade Desk was 127.18. The lowest was 77.07. And the median was 90.05.


The Trade Desk Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The Trade Desk'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.

The Trade Desk Cyclically Adjusted FCF per Share Chart

The Trade Desk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
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The Trade Desk 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 - - - - 0.55

Competitive Comparison of The Trade Desk's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, The Trade Desk'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.


The Trade Desk's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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


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The Trade Desk 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, The Trade Desk'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)
=0.422/134.9266*134.9266
=0.422

Current CPI (Mar. 2025) = 134.9266.

The Trade Desk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.000 99.070 0.000
201509 -0.023 100.392 -0.031
201512 -0.028 99.792 -0.038
201603 0.029 100.470 0.039
201606 0.008 101.688 0.011
201609 0.074 101.861 0.098
201612 0.078 101.863 0.103
201703 -0.058 102.862 -0.076
201706 0.013 103.349 0.017
201709 0.032 104.136 0.041
201712 0.042 104.011 0.054
201803 0.017 105.290 0.022
201806 -0.012 106.317 -0.015
201809 0.038 106.507 0.048
201812 0.071 105.998 0.090
201903 0.004 107.251 0.005
201906 0.041 108.070 0.051
201909 0.073 108.329 0.091
201912 -0.081 108.420 -0.101
202003 0.063 108.902 0.078
202006 0.138 108.767 0.171
202009 0.115 109.815 0.141
202012 0.247 109.897 0.303
202103 0.103 111.754 0.124
202106 0.006 114.631 0.007
202109 0.176 115.734 0.205
202112 0.267 117.630 0.306
202203 0.255 121.301 0.284
202206 0.167 125.017 0.180
202209 0.226 125.227 0.244
202212 0.214 125.222 0.231
202303 0.331 127.348 0.351
202306 0.219 128.729 0.230
202309 0.343 129.860 0.356
202312 0.117 129.419 0.122
202403 0.326 131.776 0.334
202406 0.105 132.554 0.107
202409 0.399 133.029 0.405
202412 0.334 133.157 0.338
202503 0.422 134.927 0.422

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


The Trade Desk  (XTER:TT8) 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.

The Trade Desk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=65.22/0.55
=118.58

* 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 11 years, the highest Cyclically Adjusted Price-to-FCF of The Trade Desk was 127.18. The lowest was 77.07. And the median was 90.05.


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.


The Trade Desk Cyclically Adjusted FCF per Share Related Terms

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


The Trade Desk Business Description

Industry
Traded in Other Exchanges
Address
42 North Chestnut Street, Ventura, CA, USA, 93001
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on devices like computers, smartphones, and connected TVs. It uses data in an iterative manner to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry, and it generates revenue from fees based on a percentage of what its clients spend on advertising.

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