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Juniper Networks (Juniper Networks) Cyclically Adjusted FCF per Share : $2.04 (As of Dec. 2023)


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What is Juniper Networks Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Juniper Networks's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.081. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.04 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Juniper Networks's average Cyclically Adjusted FCF Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Juniper Networks was 22.40% per year. The lowest was 2.90% per year. And the median was 6.30% per year.

As of today (2024-04-27), Juniper Networks's current stock price is $34.71. Juniper Networks's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.04. Juniper Networks's Cyclically Adjusted Price-to-FCF of today is 17.01.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Juniper Networks was 24.77. The lowest was 10.56. And the median was 17.09.


Juniper Networks Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Juniper Networks's Cyclically Adjusted FCF per Share 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.

Juniper Networks Cyclically Adjusted FCF per Share Chart

Juniper Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.67 1.71 1.85 1.91 2.04

Juniper Networks Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 1.91 2.01 2.07 2.14 2.04

Competitive Comparison of Juniper Networks's Cyclically Adjusted FCF per Share

For the Communication Equipment subindustry, Juniper Networks'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.


Juniper Networks's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Juniper Networks Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Juniper Networks'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)
=-0.081/129.4194*129.4194
=-0.081

Current CPI (Dec. 2023) = 129.4194.

Juniper Networks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.135 99.695 0.175
201406 0.803 100.560 1.033
201409 -0.246 100.428 -0.317
201412 0.548 99.070 0.716
201503 0.423 99.621 0.550
201506 0.563 100.684 0.724
201509 0.570 100.392 0.735
201512 0.174 99.792 0.226
201603 0.316 100.470 0.407
201606 0.757 101.688 0.963
201609 0.515 101.861 0.654
201612 0.770 101.863 0.978
201703 1.326 102.862 1.668
201706 0.691 103.349 0.865
201709 0.439 104.136 0.546
201712 0.421 104.011 0.524
201803 0.635 105.290 0.781
201806 0.379 106.317 0.461
201809 0.501 106.507 0.609
201812 0.500 105.998 0.610
201903 0.373 107.251 0.450
201906 0.176 108.070 0.211
201909 0.454 108.329 0.542
201912 0.203 108.420 0.242
202003 0.747 108.902 0.888
202006 0.227 108.767 0.270
202009 0.276 109.815 0.325
202012 0.278 109.897 0.327
202103 0.491 111.754 0.569
202106 0.714 114.631 0.806
202109 0.327 115.734 0.366
202112 0.257 117.630 0.283
202203 0.508 121.301 0.542
202206 -0.888 125.017 -0.919
202209 0.085 125.227 0.088
202212 0.266 125.222 0.275
202303 0.454 127.348 0.461
202306 0.926 128.729 0.931
202309 0.891 129.860 0.888
202312 -0.081 129.419 -0.081

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Juniper Networks  (NYSE:JNPR) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Juniper Networks's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=34.71/2.04
=17.01

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Juniper Networks was 24.77. The lowest was 10.56. And the median was 17.09.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Juniper Networks Cyclically Adjusted FCF per Share Related Terms

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


Juniper Networks (Juniper Networks) Business Description

Industry
Traded in Other Exchanges
Address
1133 Innovation Way, Sunnyvale, CA, USA, 94089
Juniper Networks Inc is engaged in designing, developing, and selling products and services for high-performance networks to enable customers to build scalable, reliable, secure, and cost-effective networks for their businesses, while achieving agility and improved operating efficiency through automation. The company's high-performance network and service offerings include routing, switching, Wi-Fi, network security, artificial intelligence (AI) or AI-enabled enterprise networking operations (AIOps), and software-defined networking (SDN) technologies. In addition to the company's products, the company offers its customers a variety of services, including maintenance and support, professional services, Software-as-a-Service ("SaaS"), and education and training programs.
Executives
Robert Mobassaly officer: SVP General Counsel 1133 INNOVATION WAY, SUNNYVALE CA 94089
Rami Rahim officer: EVP Platform Systems Division 1194 N. MATHILDA AVE., SUNNYVALE CA 94089
Anne Delsanto director 1133 INNOVATION WAY, SUNNYVALE CA 94089
Kenneth Bradley Miller officer: EVP & CFO 1133 INNOVATION WAY, SUNNYVALE CA 94086
Kevin A Denuccio director 300 HOLGER WAY, SAN JOSE CA 95134
Dolce James A Jr director C/O JUNIPER NETWORKS, 140 CASPIAN COURT, SUNNYVALE CA 94089
Kaddaras Christopher Nicholas Jr officer: EVP Chief Revenue Officer C/O NUTANIX, INC., 1740 TECHNOLOGY DR., STE 150, SAN JOSE CA 95110
Scott Kriens director C/O JUNIPER NETWORKS INC, 1194 N MATHILDA AVE, SUNNYVALE CA 94089
Steven Fernandez director 1133 INNOVATION WAY, SUNNYVALE CA 94089
Manoj Leelanivas officer: EVP Chief Product Officer 1133 INNOVATION WAY, SUNNYVALE CA 94089
Marcus Jewell officer: EVP Chief Revenue Officer 1133 INNOVATION WAY, SUNNYVALE CA 94089
William Stensrud director 13491 SUMMIT CIRCLE, POWAY CA 92064
Thomas A Austin officer: Vice President & 1133 INNOVATION WAY, SUNNYVALE CA 94089
Brian Martin officer: SVP General Counsel Secty 160 RIO ROBLES, SAN JOSE CA 95134
Bikash Koley officer: EVP CTO 1133 INNOVATION DRIVE, SUNNYVALE CA 94116