GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dell Inc (DELISTED:DELL) » Definitions » Cyclically Adjusted Price-to-FCF

Dell (DELL) Cyclically Adjusted Price-to-FCF : (As of May. 29, 2024)


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

What is Dell Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dell Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dell'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.

Dell Cyclically Adjusted Price-to-FCF Chart

Dell Annual Data
Trend Jan04 Jan05 Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Dell Quarterly Data
Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13
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 Dell's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Dell'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.


Dell's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Dell 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.

Dell's Cyclically Adjusted FCF per Share for the quarter that ended in Jul. 2013 is calculated as:

For example, Dell's adjusted Free Cash Flow per Share data for the three months ended in Jul. 2013 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jul. 2013 (Change)*Current CPI (Jul. 2013)
=0.858/98.5566*98.5566
=0.858

Current CPI (Jul. 2013) = 98.5566.

Dell Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200310 0.355 78.054 0.448
200401 0.381 78.138 0.481
200404 0.355 79.319 0.441
200407 0.221 79.910 0.273
200410 0.647 80.543 0.792
200501 0.849 80.458 1.040
200504 0.416 82.104 0.499
200507 0.299 82.441 0.357
200510 0.381 84.045 0.447
200601 0.544 83.665 0.641
200604 0.361 85.015 0.419
200607 0.259 85.859 0.297
200610 0.338 85.142 0.391
200701 0.396 85.402 0.457
200704 -0.120 87.203 -0.136
200707 0.689 87.884 0.773
200710 0.365 88.152 0.408
200801 0.455 89.057 0.504
200804 0.010 90.636 0.011
200807 0.483 92.805 0.513
200810 -0.114 91.375 -0.123
200901 0.354 89.084 0.392
200904 0.349 89.968 0.382
200907 0.498 90.859 0.540
200910 0.372 91.207 0.402
201001 0.583 91.423 0.628
201004 0.097 91.980 0.104
201007 0.607 91.981 0.650
201010 0.421 92.277 0.450
201101 0.683 92.914 0.724
201104 0.171 94.890 0.178
201107 1.184 95.319 1.224
201110 0.348 95.529 0.359
201201 0.934 95.632 0.963
201204 -0.158 97.075 -0.160
201207 0.295 96.661 0.301
201210 0.701 97.595 0.708
201301 0.750 97.158 0.761
201304 -0.112 98.107 -0.113
201307 0.858 98.557 0.858

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.


Dell  (DELISTED:DELL) 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.


Dell Cyclically Adjusted Price-to-FCF Related Terms

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


Dell (DELL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dell Inc (DELISTED:DELL) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
Dell Inc is a Delaware Corporation, which was founded in 1984. The Company offers a range of technology solutions, including servers and networking products, storage products, services, software and peripherals, mobility products, and desktop PCs. The Company sells its products and services directly to customers through dedicated distribution channels, such as retailers, distributors, and resellers. Its business segments are Large Enterprise, Public, Small and Medium Business ('SMB'), and Consumer. Large Enterprise customers include large global and national corporate businesses. Public customers, which include educational institutions, government, health care, and law enforcement agencies, operate in their own communities. SMB segment is focused on helping small and medium-sized businesses get the most out of their technology by offering scalable products, services, and solutions. Consumer segment is focused on delivering what customers want from the total technology experience of entertainment, mobility, gaming, and design. The Company designs, develops, manufactures, markets, sells, and supports a range of products, solutions, and services. The Company also provides various customer financial services to its Commercial and Consumer customers. Its enterprise solutions include servers, networking, and storage products. The Company's services include a range of configurable IT and business services, including infrastructure technology, consulting and applications, and product-related support services. The Company offers Dell-branded printers and displays and a multitude of competitively priced third-party peripheral products such as printers, televisions, notebook accessories, mice, keyboards, networking and wireless products, digital cameras, and other products. The Company also sells a range of third-party software products, including operating systems, business and office applications, anti-virus and related security software, entertainment software, and products in various other categories. Client Products offers a variety of mobility and desktop products, including notebooks, workstations, tablets, smartphones, and desktop PCs, to its Commercial and Consumer customers. The Company offers or arranges various financing options and services for its Commercial and Consumer customers in the U.S. and Canada through Dell Financial Services ('DFS'). DFS offers a range of financial services, including originating, collecting, and servicing customer receivables related to the purchase of Dell products. DFS offers private label credit financing programs to qualified Consumer and Commercial customers and offers leases and fixed-term financing to Commercial customers. The Company sells its products and services directly to customers and through various other sales distribution channels, such as retailers, third-party solution providers, system integrators, and third-party resellers. Its customers include large global and national corpora