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Global Payments (BSP:G1PI34) Cyclically Adjusted Price-to-FCF : 28.95 (As of Apr. 29, 2024)


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What is Global Payments Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Global Payments's current share price is R$160.96. Global Payments's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$5.56. Global Payments's Cyclically Adjusted Price-to-FCF for today is 28.95.

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

BSP:G1PI34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.93   Med: 36.27   Max: 85.63
Current: 23.59

During the past years, Global Payments's highest Cyclically Adjusted Price-to-FCF was 85.63. The lowest was 15.93. And the median was 36.27.

BSP:G1PI34's Cyclically Adjusted Price-to-FCF is ranked worse than
62.64% of 356 companies
in the Business Services industry
Industry Median: 17.405 vs BSP:G1PI34: 23.59

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.

Global Payments's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$2.333. 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 R$5.56 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Global Payments Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Global Payments'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.

Global Payments Cyclically Adjusted Price-to-FCF Chart

Global Payments Annual Data
Trend May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.60 63.05 32.58 20.26 24.05

Global Payments 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 20.26 20.62 18.59 21.04 24.05

Competitive Comparison of Global Payments's Cyclically Adjusted Price-to-FCF

For the Specialty Business Services subindustry, Global Payments'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.


Global Payments's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Global Payments's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Global Payments 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=160.96/5.56
=28.95

* 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.

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

For example, Global Payments'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)
=2.333/129.4194*129.4194
=2.333

Current CPI (Dec. 2023) = 129.4194.

Global Payments Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201402 -0.477 99.057 -0.623
201405 -0.450 100.373 -0.580
201408 -0.337 100.352 -0.435
201411 1.297 99.635 1.685
201502 0.506 99.032 0.661
201505 0.271 100.333 0.350
201508 3.327 100.548 4.282
201511 -0.571 100.135 -0.738
201602 3.066 100.040 3.966
201605 -2.003 101.355 -2.558
201608 0.592 101.617 0.754
201611 -0.022 101.829 -0.028
201703 1.264 102.862 1.590
201706 -0.374 103.349 -0.468
201709 0.229 104.136 0.285
201712 0.551 104.011 0.686
201803 1.233 105.290 1.516
201806 0.964 106.317 1.173
201809 0.653 106.507 0.793
201812 2.373 105.998 2.897
201903 1.061 107.251 1.280
201906 -0.371 108.070 -0.444
201909 6.000 108.329 7.168
201912 -0.222 108.420 -0.265
202003 1.347 108.902 1.601
202006 1.815 108.767 2.160
202009 2.082 109.815 2.454
202012 2.836 109.897 3.340
202103 2.429 111.754 2.813
202106 1.600 114.631 1.806
202109 3.550 115.734 3.970
202112 2.994 117.630 3.294
202203 2.087 121.301 2.227
202206 1.815 125.017 1.879
202209 0.938 125.227 0.969
202212 2.736 125.222 2.828
202303 2.164 127.348 2.199
202306 1.839 128.729 1.849
202309 1.216 129.860 1.212
202312 2.333 129.419 2.333

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.


Global Payments  (BSP:G1PI34) 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.


Global Payments Cyclically Adjusted Price-to-FCF Related Terms

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


Global Payments (BSP:G1PI34) Business Description

Traded in Other Exchanges
Address
3550 Lenox Road, Atlanta, GA, USA, 30326
Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.

Global Payments (BSP:G1PI34) Headlines

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