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Synopsys (STU:SYP) Cyclically Adjusted Price-to-FCF : 93.68 (As of May. 15, 2024)


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What is Synopsys Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Synopsys's current share price is €516.20. Synopsys's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €5.51. Synopsys's Cyclically Adjusted Price-to-FCF for today is 93.68.

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

STU:SYP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.64   Med: 33.67   Max: 99.53
Current: 93.72

During the past years, Synopsys's highest Cyclically Adjusted Price-to-FCF was 99.53. The lowest was 16.64. And the median was 33.67.

STU:SYP's Cyclically Adjusted Price-to-FCF is ranked worse than
82.84% of 676 companies
in the Software industry
Industry Median: 28.855 vs STU:SYP: 93.72

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.

Synopsys's adjusted free cash flow per share data for the three months ended in Jan. 2024 was €-0.758. 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 €5.51 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Synopsys Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Synopsys'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.

Synopsys Cyclically Adjusted Price-to-FCF Chart

Synopsys Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.52 63.08 79.40 56.27 78.29

Synopsys Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 66.07 64.53 76.23 78.29 89.32

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

For the Software - Infrastructure subindustry, Synopsys'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.


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

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

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



Synopsys 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=516.20/5.51
=93.68

* 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.

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

For example, Synopsys's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-0.758/129.4194*129.4194
=-0.758

Current CPI (Jan. 2024) = 129.4194.

Synopsys Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.443 100.023 0.573
201407 1.458 100.520 1.877
201410 0.629 100.176 0.813
201501 -0.591 98.604 -0.776
201504 0.761 99.824 0.987
201507 1.435 100.691 1.844
201510 0.743 100.346 0.958
201601 -0.305 99.957 -0.395
201604 1.185 100.947 1.519
201607 1.361 101.524 1.735
201610 0.749 101.988 0.950
201701 0.168 102.456 0.212
201704 0.656 103.167 0.823
201707 1.456 103.278 1.825
201710 0.892 104.070 1.109
201801 -0.484 104.578 -0.599
201804 0.224 105.708 0.274
201807 1.494 106.324 1.819
201810 0.576 106.695 0.699
201901 -0.997 106.200 -1.215
201904 1.805 107.818 2.167
201907 1.825 108.250 2.182
201910 0.836 108.577 0.996
202001 -0.267 108.841 -0.317
202004 2.102 108.173 2.515
202007 2.002 109.318 2.370
202010 0.899 109.861 1.059
202101 0.758 110.364 0.889
202104 2.713 112.673 3.116
202107 2.149 115.183 2.415
202110 1.874 116.696 2.078
202201 0.638 118.619 0.696
202204 4.292 121.978 4.554
202207 2.544 125.002 2.634
202210 2.333 125.734 2.401
202301 0.423 126.223 0.434
202304 3.857 127.992 3.900
202307 2.995 128.974 3.005
202310 1.663 129.810 1.658
202401 -0.758 129.419 -0.758

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.


Synopsys  (STU:SYP) 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.


Synopsys Cyclically Adjusted Price-to-FCF Related Terms

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


Synopsys (STU:SYP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Synopsys Inc (STU:SYP) » Definitions » Cyclically Adjusted Price-to-FCF
Address
675 Almanor Avenue, Sunnyvale, CA, USA, 94085
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

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