GURUFOCUS.COM » STOCK LIST » Technology » Software » Commex Technology Ltd (BOM:532342) » Definitions » Cyclically Adjusted Price-to-FCF

Commex Technology (BOM:532342) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Commex Technology Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Commex Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Commex Technology'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.

* Premium members only.

Commex Technology Cyclically Adjusted Price-to-FCF Chart

Commex Technology Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Commex Technology Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Cyclically Adjusted Price-to-FCF 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 - - - - -

Competitive Comparison of Commex Technology's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, Commex Technology'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.


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

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

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



Commex Technology 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.

Commex Technology's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar20 is calculated as:

For example, Commex Technology's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar20 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar20 (Change)*Current CPI (Mar20)
=0.002/124.7051*124.7051
=0.002

Current CPI (Mar20) = 124.7051.

Commex Technology Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201103 -0.819 70.768 -1.443
201203 0.867 76.889 1.406
201303 0.342 85.687 0.498
201403 -0.821 91.425 -1.120
201503 0.092 97.163 0.118
201603 -0.115 102.518 -0.140
201703 -0.120 105.196 -0.142
201803 -1.555 109.786 -1.766
201903 0.000 118.202 0.000
202003 0.002 124.705 0.002

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.


Commex Technology  (BOM:532342) 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.


Commex Technology Cyclically Adjusted Price-to-FCF Related Terms

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


Commex Technology (BOM:532342) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Old Nagardas Road, B-401, Unit No.- 42, 4th Floor, Vasudev Chamber, Opposite Wilson Pen Company, Andheri (East), Mumbai, MH, IND, 400069
Commex Technology Ltd is a technology and consulting service provider. The company is primarily engaged in the provision of software products and solutions to the capital and commodities markets. In addition, the company provides IT consulting services and solutions. Its services include custom application development, application management, package implementation, onsite consultancy, offshore outsourcing and information technology consulting.

Commex Technology (BOM:532342) Headlines

No Headlines