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Parrot (FRA:P2W) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)


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What is Parrot Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Parrot Cyclically Adjusted Price-to-FCF Historical Data

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

Parrot Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Parrot 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 Parrot's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Parrot'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.


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

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

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



Parrot 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.

Parrot's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Parrot's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-1.357/118.3900*118.3900
=-1.357

Current CPI (Dec23) = 118.3900.

Parrot Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.275 99.860 -0.326
201512 -2.238 100.040 -2.649
201612 -3.529 100.650 -4.151
201712 -1.410 101.850 -1.639
201812 -2.214 103.470 -2.533
201912 -1.023 104.980 -1.154
202012 -1.066 104.960 -1.202
202112 -0.889 107.850 -0.976
202212 -0.722 114.160 -0.749
202312 -1.357 118.390 -1.357

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.


Parrot  (FRA:P2W) 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.


Parrot Cyclically Adjusted Price-to-FCF Related Terms

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Parrot (FRA:P2W) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Parrot SA (FRA:P2W) » Definitions » Cyclically Adjusted Price-to-FCF
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Address
174 quai de Jemmapes, Paris, FRA, 75010
Parrot SA creates, develops, and markets consumer technology products for smartphones and tablets worldwide. It offers consumer drones, including mini, AR, and bebop drones; commercial drones; handsfree kits, plug and plays, and infotainment products; Bluetooth, digital music, and infotainment solutions; and audio products and connected devices.

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