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Axon Enterprise (Axon Enterprise) Cyclically Adjusted Price-to-FCF : 338.71 (As of Apr. 29, 2024)


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What is Axon Enterprise Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Axon Enterprise's current share price is $308.23. Axon Enterprise's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.91. Axon Enterprise's Cyclically Adjusted Price-to-FCF for today is 338.71.

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

AXON' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 50.45   Med: 143.6   Max: 434.53
Current: 337.77

During the past years, Axon Enterprise's highest Cyclically Adjusted Price-to-FCF was 434.53. The lowest was 50.45. And the median was 143.60.

AXON's Cyclically Adjusted Price-to-FCF is ranked worse than
96.4% of 111 companies
in the Aerospace & Defense industry
Industry Median: 36.1 vs AXON: 337.77

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.

Axon Enterprise's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.522. 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 $0.91 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axon Enterprise Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Axon Enterprise'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.

Axon Enterprise Cyclically Adjusted Price-to-FCF Chart

Axon Enterprise 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 149.25 272.78 275.45 208.99 283.09

Axon Enterprise Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 208.99 316.72 264.07 253.97 283.09

Competitive Comparison of Axon Enterprise's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Axon Enterprise'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.


Axon Enterprise's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Axon Enterprise 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=308.23/0.91
=338.71

* 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.

Axon Enterprise's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Axon Enterprise'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)
=1.522/129.4194*129.4194
=1.522

Current CPI (Dec. 2023) = 129.4194.

Axon Enterprise Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.062 99.695 0.080
201406 0.022 100.560 0.028
201409 0.294 100.428 0.379
201412 0.226 99.070 0.295
201503 0.230 99.621 0.299
201506 -0.065 100.684 -0.084
201509 0.312 100.392 0.402
201512 0.254 99.792 0.329
201603 0.104 100.470 0.134
201606 0.046 101.688 0.059
201609 0.190 101.861 0.241
201612 -0.105 101.863 -0.133
201703 -0.169 102.862 -0.213
201706 -0.173 103.349 -0.217
201709 0.056 104.136 0.070
201712 0.412 104.011 0.513
201803 0.311 105.290 0.382
201806 -0.101 106.317 -0.123
201809 0.236 106.507 0.287
201812 0.449 105.998 0.548
201903 -0.325 107.251 -0.392
201906 0.144 108.070 0.172
201909 0.303 108.329 0.362
201912 0.695 108.420 0.830
202003 0.185 108.902 0.220
202006 -0.428 108.767 -0.509
202009 -0.746 109.815 -0.879
202012 0.434 109.897 0.511
202103 0.787 111.754 0.911
202106 0.316 114.631 0.357
202109 0.055 115.734 0.062
202112 -0.010 117.630 -0.011
202203 0.371 121.301 0.396
202206 0.091 125.017 0.094
202209 0.365 125.227 0.377
202212 1.636 125.222 1.691
202303 -0.879 127.348 -0.893
202306 0.389 128.729 0.391
202309 0.639 129.860 0.637
202312 1.522 129.419 1.522

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.


Axon Enterprise  (NAS:AXON) 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.


Axon Enterprise Cyclically Adjusted Price-to-FCF Related Terms

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


Axon Enterprise (Axon Enterprise) Business Description

Traded in Other Exchanges
Address
17800 North 85th Street, Scottsdale, AZ, USA, 85255
Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software & sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and gets most of its revenue from the United States.
Executives
Joshua Isner officer: EVP Global Sales 17800 N 85TH ST, SCOTTSDALE AZ 85255
Jeffrey C Kunins officer: Chief Product Officer 17800 NORTH 85TH STREET, SCOTTSDALE AZ 85255
Brittany Bagley officer: CFO & CBO C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Julie A Cullivan director 17800 N 85TH ST, SCOTTSDALE AZ 85255
Hadi Partovi director 9655 LAKE WASHINGTON BLVD NE, BELLEVUE WA 98004
Erika Nardini director 1241 E MAIN ST, STAMFORD CT 06902-3520
Patrick W Smith director, officer: Chief Executive Officer 7860 EAST MCCLAIN DRIVE, SUITE 2, SCOTTSDALE AZ 85260-1627
Jeri Williams director 17800 N 85TH ST, SCOTTSDALE AZ 85255
Graham Smith director 301 BRANNMAN ST, SAN FRANCISCO CA 94107
Mark W Kroll director PO BOX 23, CRYSTAL BAY MN 55323
Caitlin Elizabeth Kalinowski director 17800 NORTH 85TH STREET, SCOTTSDALE AZ 85255
Michael Garnreiter director 6735 E. GREENWAY PARKWAY, UNIT #2049, SCOTTSDALE AZ 85254
Luke Larson officer: Chief Marketing Officer 17800 N 85TH ST, SCOTTSDALE AZ 85255
Matthew R Mcbrady director
James Zito officer: Chief Financial Officer 17800 N 85TH ST, SCOTTSDALE AZ 85255