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Prologue (XPAR:ALPRG) Cyclically Adjusted Price-to-FCF : (As of Jun. 19, 2024)


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What is Prologue Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Prologue Cyclically Adjusted Price-to-FCF Historical Data

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

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

For the Software - Application subindustry, Prologue'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.


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

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

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



Prologue 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.

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

For example, Prologue'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)
=0.034/118.3900*118.3900
=0.034

Current CPI (Dec23) = 118.3900.

Prologue Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.249 99.860 -0.295
201512 -0.188 100.040 -0.222
201612 -0.072 100.650 -0.085
201712 -0.101 101.850 -0.117
201812 0.002 103.470 0.002
201912 -0.046 104.980 -0.052
202012 0.015 104.960 0.017
202112 0.020 107.850 0.022
202212 -0.008 114.160 -0.008
202312 0.034 118.390 0.034

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.


Prologue  (XPAR:ALPRG) 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.


Prologue Cyclically Adjusted Price-to-FCF Related Terms

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Prologue (XPAR:ALPRG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Prologue SA (XPAR:ALPRG) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
12 avenue des Tropiques, ZA de Courtaboeuf, Les Ulis Cedex, FRA, 91943
Prologue SA delivers solutions in three key areas that can contribute to the optimization of information systems for companies. Its solutions include Cloud Computing; Unified communication; and Enterprise Content Management (ECM). The company also provides services spanning from diagnostics, field studies, consulting, and deployment, to functional upgrade and maintenance, based around dematerialization, Cloud and IP communication, and covering information systems and development.

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