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Corpay (LTS:0IPN) Cyclically Adjusted Price-to-FCF : 21.93 (As of May. 02, 2024)


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What is Corpay Cyclically Adjusted Price-to-FCF?

As of today (2024-05-02), Corpay's current share price is $263.33. Corpay's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $12.01. Corpay's Cyclically Adjusted Price-to-FCF for today is 21.93.

The historical rank and industry rank for Corpay's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LTS:0IPN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.35   Med: 30.95   Max: 53
Current: 22.98

During the past years, Corpay's highest Cyclically Adjusted Price-to-FCF was 53.00. The lowest was 16.35. And the median was 30.95.

LTS:0IPN's Cyclically Adjusted Price-to-FCF is ranked better than
56.4% of 672 companies
in the Software industry
Industry Median: 27.945 vs LTS:0IPN: 22.98

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Corpay's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $15.823. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $12.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Corpay Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Corpay'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.

Corpay Cyclically Adjusted Price-to-FCF Chart

Corpay Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.14 35.22 24.27 17.58 21.92

Corpay Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 17.58 19.09 21.58 22.01 21.92

Competitive Comparison of Corpay's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, Corpay'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.


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

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

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



Corpay 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.

Corpay's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=263.33/12.01
=21.93

* 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.

Corpay's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Corpay's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=15.823/129.4194*129.4194
=15.823

Current CPI (Dec. 2023) = 129.4194.

Corpay Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.536 99.695 0.696
201406 1.168 100.560 1.503
201409 1.777 100.428 2.290
201412 3.104 99.070 4.055
201503 0.631 99.621 0.820
201506 1.307 100.684 1.680
201509 3.322 100.392 4.283
201512 2.308 99.792 2.993
201603 1.167 100.470 1.503
201606 0.802 101.688 1.021
201609 1.837 101.861 2.334
201612 3.011 101.863 3.826
201703 0.621 102.862 0.781
201706 1.306 103.349 1.635
201709 2.226 104.136 2.766
201712 2.460 104.011 3.061
201803 1.989 105.290 2.445
201806 0.593 106.317 0.722
201809 2.808 106.507 3.412
201812 3.565 105.998 4.353
201903 3.171 107.251 3.826
201906 2.608 108.070 3.123
201909 2.479 108.329 2.962
201912 3.812 108.420 4.550
202003 4.555 108.902 5.413
202006 4.199 108.767 4.996
202009 4.571 109.815 5.387
202012 2.731 109.897 3.216
202103 0.680 111.754 0.787
202106 2.959 114.631 3.341
202109 2.561 115.734 2.864
202112 6.877 117.630 7.566
202203 -1.812 121.301 -1.933
202206 1.519 125.017 1.572
202209 4.708 125.227 4.866
202212 3.662 125.222 3.785
202303 3.906 127.348 3.970
202306 6.091 128.729 6.124
202309 0.522 129.860 0.520
202312 15.823 129.419 15.823

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.


Corpay  (LTS:0IPN) 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.


Corpay Cyclically Adjusted Price-to-FCF Related Terms

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


Corpay (LTS:0IPN) Business Description

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3280 Peachtree Road, Suite 2400, Atlanta, GA, USA, 30305
Fleetcor Technologies Inc is a provider of specialised payment products. The company offers fleet cards, food cards, corporate lodging discount cards, and other specialised payment services. Fleetcor's systems enable its customers to manage and control their commercial payments and loyalty-card programmes. Customers include commercial fleet operators, major oil companies, petroleum marketers, and government entities. Further, Fleetcor offers customised analysis solutions to its clients, offering business productivity tracking capabilities. United States is the largest geographic operating segment.

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