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Kornit Digital (FRA:0KD) Cyclically Adjusted Price-to-FCF : (As of Jun. 19, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


Kornit Digital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kornit Digital'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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Kornit Digital Cyclically Adjusted Price-to-FCF Chart

Kornit Digital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Kornit Digital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Kornit Digital's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Kornit Digital'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.


Kornit Digital's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kornit Digital's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kornit Digital 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.

Kornit Digital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kornit Digital'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)
=0.053/131.7762*131.7762
=0.053

Current CPI (Mar. 2024) = 131.7762.

Kornit Digital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.024 100.560 -0.031
201409 -0.012 100.428 -0.016
201412 0.025 99.070 0.033
201503 0.033 99.621 0.044
201506 0.006 100.684 0.008
201509 -0.144 100.392 -0.189
201512 -0.005 99.792 -0.007
201603 -0.112 100.470 -0.147
201606 -0.133 101.688 -0.172
201609 -0.012 101.861 -0.016
201612 0.129 101.863 0.167
201703 0.047 102.862 0.060
201706 -0.212 103.349 -0.270
201709 -0.092 104.136 -0.116
201712 0.294 104.011 0.372
201803 0.031 105.290 0.039
201806 0.101 106.317 0.125
201809 0.175 106.507 0.217
201812 0.326 105.998 0.405
201903 -0.005 107.251 -0.006
201906 -0.151 108.070 -0.184
201909 -0.049 108.329 -0.060
201912 0.284 108.420 0.345
202003 -0.373 108.902 -0.451
202006 -0.308 108.767 -0.373
202009 0.361 109.815 0.433
202012 0.565 109.897 0.677
202103 0.045 111.754 0.053
202106 0.039 114.631 0.045
202109 0.511 115.734 0.582
202112 0.093 117.630 0.104
202203 -0.997 121.301 -1.083
202206 -0.184 125.017 -0.194
202209 -0.163 125.227 -0.172
202212 -0.859 125.222 -0.904
202303 -0.324 127.348 -0.335
202306 -0.323 128.729 -0.331
202309 -0.167 129.860 -0.169
202312 0.032 129.419 0.033
202403 0.053 131.776 0.053

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.


Kornit Digital  (FRA:0KD) 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.


Kornit Digital Cyclically Adjusted Price-to-FCF Related Terms

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Kornit Digital (FRA:0KD) Business Description

Traded in Other Exchanges
Address
12 Ha'Amal Street, Afek Park, Rosh-Ha'Ayin, ISR, 4809246
Kornit Digital Ltd develops, designs and markets digital printing solutions for the global printed textile industry. The company focuses on its DTG and DTF segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software and value-added services that allow for large-scale printing of short runs of complex images and designs directly on finished garments and fabrics. It has developed and offers a broad portfolio of differentiated digital printing solutions for the DTG market that provide answers to challenges faced by participants in the global printed textile industry. It generates revenue from sales of systems, ink and other consumables and service including software subscriptions.

Kornit Digital (FRA:0KD) Headlines

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