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Conversant (FRA:VCK) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Conversant Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Conversant Cyclically Adjusted Price-to-FCF Historical Data

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

Conversant Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted Price-to-FCF
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Conversant Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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Competitive Comparison of Conversant's Cyclically Adjusted Price-to-FCF

For the Internet Content & Information subindustry, Conversant'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.


Conversant's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Conversant's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Conversant 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.

Conversant's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2014 is calculated as:

For example, Conversant's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2014 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2014 (Change)*Current CPI (Sep. 2014)
=0.136/100.4278*100.4278
=0.136

Current CPI (Sep. 2014) = 100.4278.

Conversant Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200412 0.142 80.290 0.178
200503 0.113 81.555 0.139
200506 0.140 82.062 0.171
200509 0.130 83.876 0.156
200512 0.084 83.032 0.102
200603 0.121 84.298 0.144
200606 0.103 85.606 0.121
200609 0.279 85.606 0.327
200612 0.304 85.142 0.359
200703 0.350 86.640 0.406
200706 0.216 87.906 0.247
200709 0.121 87.964 0.138
200712 0.277 88.616 0.314
200803 0.317 90.090 0.353
200806 0.087 92.320 0.095
200809 0.233 92.307 0.253
200812 0.273 88.697 0.309
200903 0.354 89.744 0.396
200906 0.191 91.003 0.211
200909 0.176 91.120 0.194
200912 0.261 91.111 0.288
201003 0.248 91.821 0.271
201006 0.097 91.962 0.106
201009 0.158 92.162 0.172
201012 0.296 92.474 0.321
201103 0.245 94.283 0.261
201106 0.108 95.235 0.114
201109 0.138 95.727 0.145
201112 0.438 95.213 0.462
201203 0.427 96.783 0.443
201206 0.135 96.819 0.140
201209 0.322 97.633 0.331
201212 0.465 96.871 0.482
201303 0.478 98.209 0.489
201306 0.249 98.518 0.254
201309 0.294 98.790 0.299
201312 0.670 98.326 0.684
201403 0.406 99.695 0.409
201406 0.549 100.560 0.548
201409 0.136 100.428 0.136

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.


Conversant  (FRA:VCK) 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.


Conversant Cyclically Adjusted Price-to-FCF Related Terms

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Conversant (FRA:VCK) Business Description

Traded in Other Exchanges
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Address
Conversant Inc, formerly known as Valueclick Inc. The Company and its subsidiaries offers digital marketing services across its Affiliate Marketing and Media segments. In affiliate marketing, a website or mobile publisher joins an advertiser's affiliate marketing program and agrees to distribute the advertiser's offers in exchange for commissions on sales or leads generated. The publisher places the advertiser's display advertisements or text links on their website or mobile website, in email campaigns, or in search listings, and receives a commission from the advertiser only when a visitor takes an agreed-upon action, such as making a purchase on the advertiser's website. Advertisers upload their offers onto its system, making them available for placement by affiliates. The Companys affiliate marketing services are structured to deliver an exceptional level of experience, expertise and strategic support to advertisers. Dedicated teams are focused on technical support, network quality and account services to work with advertisers as strategic partners in managing their affiliate programs. The Company offers its clients the option to choose the level of service that fits their needs, ranging from full program management to network access. The Companys media solutions enable marketers to deliver personalized communications and are designed for flexibility based on each brands specific needs. Its media solutions also include a suite of ad serving and analytics tools designed to improve marketing effectiveness through precise ad execution and data collection: the Conversant Tag Manager, which streamlines the collection of website data; Conversant Data Collection & Management, which unites marketing data from across digital channels; and the ConversantTM Ad Server, which executes, reports and optimizes ad campaigns across digital channels. The Company markets its products and services primarily through direct marketing, print advertising and online advertising throughout the year.

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