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Proto Labs (WBO:PRLB) Cyclically Adjusted FCF per Share : €1.56 (As of Dec. 2023)


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What is Proto Labs 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.

Proto Labs's adjusted free cash flow per share for the three months ended in Dec. 2023 was €-0.034. 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 €1.56 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Proto Labs's average Cyclically Adjusted FCF Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.90% 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 Proto Labs was 13.30% per year. The lowest was 8.90% per year. And the median was 11.10% per year.

As of today (2024-04-28), Proto Labs's current stock price is €29.52. Proto Labs's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €1.56. Proto Labs's Cyclically Adjusted Price-to-FCF of today is 18.92.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Proto Labs was 166.58. The lowest was 13.46. And the median was 38.12.


Proto Labs Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Proto Labs'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.

Proto Labs Cyclically Adjusted FCF per Share Chart

Proto Labs 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 0.98 1.09 1.27 1.48 1.56

Proto Labs 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 1.48 1.51 1.53 1.63 1.56

Competitive Comparison of Proto Labs's Cyclically Adjusted FCF per Share

For the Metal Fabrication subindustry, Proto Labs'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.


Proto Labs's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Proto Labs's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Proto Labs 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, Proto Labs'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)
=-0.034/129.4194*129.4194
=-0.034

Current CPI (Dec. 2023) = 129.4194.

Proto Labs Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.149 99.695 0.193
201406 -0.309 100.560 -0.398
201409 0.287 100.428 0.370
201412 0.299 99.070 0.391
201503 0.324 99.621 0.421
201506 0.099 100.684 0.127
201509 0.064 100.392 0.083
201512 0.198 99.792 0.257
201603 0.339 100.470 0.437
201606 0.204 101.688 0.260
201609 0.372 101.861 0.473
201612 0.595 101.863 0.756
201703 0.386 102.862 0.486
201706 0.506 103.349 0.634
201709 0.273 104.136 0.339
201712 0.443 104.011 0.551
201803 0.019 105.290 0.023
201806 0.486 106.317 0.592
201809 0.218 106.507 0.265
201812 0.411 105.998 0.502
201903 0.172 107.251 0.208
201906 0.507 108.070 0.607
201909 0.567 108.329 0.677
201912 0.540 108.420 0.645
202003 0.302 108.902 0.359
202006 0.369 108.767 0.439
202009 0.688 109.815 0.811
202012 0.550 109.897 0.648
202103 -0.004 111.754 -0.005
202106 -0.092 114.631 -0.104
202109 0.229 115.734 0.256
202112 0.538 117.630 0.592
202203 0.486 121.301 0.519
202206 0.354 125.017 0.366
202209 0.372 125.227 0.384
202212 0.183 125.222 0.189
202303 0.672 127.348 0.683
202306 0.208 128.729 0.209
202309 0.759 129.860 0.756
202312 -0.034 129.419 -0.034

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


Proto Labs  (WBO:PRLB) 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.

Proto Labs's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=29.52/1.56
=18.92

* 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 Proto Labs was 166.58. The lowest was 13.46. And the median was 38.12.


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.


Proto Labs Cyclically Adjusted FCF per Share Related Terms

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


Proto Labs (WBO:PRLB) Business Description

Industry
Traded in Other Exchanges
Address
5540 Pioneer Creek Drive, Maple Plain, MN, USA, 55359
Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. Proto Labs uses injection molding, computer numerical control machining, and 3-D printing to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. The majority of its revenue is derived from the United States of America.