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Digital X (ASX:DCC) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


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What is Digital X Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital X Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Digital X's Cyclically Adjusted Price-to-FCF 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.

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Digital X Cyclically Adjusted Price-to-FCF Chart

Digital X Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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Digital X Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Digital X's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, Digital X'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.


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

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

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



Digital X Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Digital X's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Digital X's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=-0.006/124.1700*124.1700
=-0.006

Current CPI (Jun23) = 124.1700.

Digital X Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.063 98.352 -0.080
201506 -0.039 99.838 -0.049
201606 -0.010 100.859 -0.012
201706 -0.020 102.809 -0.024
201806 0.006 104.945 0.007
201906 -0.007 106.617 -0.008
202006 -0.005 106.246 -0.006
202106 -0.003 110.332 -0.003
202206 -0.004 117.112 -0.004
202306 -0.006 124.170 -0.006

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


Digital X  (ASX:DCC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Digital X Cyclically Adjusted Price-to-FCF Related Terms

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Digital X (ASX:DCC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital X Ltd (ASX:DCC) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
66 Kings Park Road, Suite 2, Level 4, The Blockchain Centre, West Perth, Perth, WA, AUS, 6005
Digital X Ltd is an Australian-based company. Its operating segment includes Product development; Asset Management; and Other. It generates maximum revenue from the Product Development segment. The Blockchain consulting and development segment provides consulting, technical due diligence, solution design, and development to businesses by utilizing distributed ledger solutions and blockchain technologies.

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