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Calix (STU:CXA) Cyclically Adjusted Price-to-FCF : 238.33 (As of May. 20, 2024)


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What is Calix Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Calix's current share price is €28.60. Calix's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.12. Calix's Cyclically Adjusted Price-to-FCF for today is 238.33.

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

STU:CXA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.44   Med: 437.9   Max: 1410
Current: 247.87

During the past years, Calix's highest Cyclically Adjusted Price-to-FCF was 1410.00. The lowest was 21.44. And the median was 437.90.

STU:CXA's Cyclically Adjusted Price-to-FCF is ranked worse than
93.08% of 679 companies
in the Software industry
Industry Median: 28.63 vs STU:CXA: 247.87

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.

Calix's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.148. 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 €0.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Calix Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Calix'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.

Calix Cyclically Adjusted Price-to-FCF Chart

Calix 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 73.04 364.11 577.16 571.67 484.96

Calix Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 432.59 541.04 566.31 484.96 261.93

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

For the Software - Application subindustry, Calix'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.


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

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

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



Calix 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.60/0.12
=238.33

* 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.

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

For example, Calix'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)
=0.148/131.7762*131.7762
=0.148

Current CPI (Mar. 2024) = 131.7762.

Calix Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.033 100.560 0.043
201409 0.151 100.428 0.198
201412 0.333 99.070 0.443
201503 -0.244 99.621 -0.323
201506 0.057 100.684 0.075
201509 0.054 100.392 0.071
201512 -0.100 99.792 -0.132
201603 0.071 100.470 0.093
201606 -0.028 101.688 -0.036
201609 -0.044 101.861 -0.057
201612 0.283 101.863 0.366
201703 -0.483 102.862 -0.619
201706 -0.010 103.349 -0.013
201709 -0.154 104.136 -0.195
201712 -0.589 104.011 -0.746
201803 -0.121 105.290 -0.151
201806 0.034 106.317 0.042
201809 0.084 106.507 0.104
201812 -0.107 105.998 -0.133
201903 -0.089 107.251 -0.109
201906 -0.120 108.070 -0.146
201909 0.073 108.329 0.089
201912 -0.006 108.420 -0.007
202003 -0.008 108.902 -0.010
202006 -0.001 108.767 -0.001
202009 0.212 109.815 0.254
202012 0.347 109.897 0.416
202103 0.096 111.754 0.113
202106 0.268 114.631 0.308
202109 0.094 115.734 0.107
202112 0.121 117.630 0.136
202203 0.055 121.301 0.060
202206 0.061 125.017 0.064
202209 0.048 125.227 0.051
202212 0.018 125.222 0.019
202303 0.047 127.348 0.049
202306 0.159 128.729 0.163
202309 0.161 129.860 0.163
202312 0.147 129.419 0.150
202403 0.148 131.776 0.148

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.


Calix  (STU:CXA) 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.


Calix Cyclically Adjusted Price-to-FCF Related Terms

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


Calix (STU:CXA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Calix Inc (STU:CXA) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
2777 Orchard Parkway, San Jose, CA, USA, 95134
Calix Inc develops, market and sell Calix cloud, systems and software platforms to enable service providers of all types and sizes to innovate and transform. The company's customers utilize the real-time data and insights from Calix platforms to simplify their business and deliver experiences that excite their subscribers. The resulting growth in subscriber acquisition, loyalty and revenue creates more value for their businesses and communities. This is the Calix mission to enable communications, and service providers of all sizes to simplify, excite and grow. The Company's revenue is principally derived in the United States.

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