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Conduent (Conduent) Cyclically Adjusted Price-to-FCF : 5.37 (As of Apr. 27, 2024)


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What is Conduent Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Conduent's current share price is $3.06. Conduent's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.57. Conduent's Cyclically Adjusted Price-to-FCF for today is 5.37.

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

CNDT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.21   Med: 6.14   Max: 7.82
Current: 5.21

During the past 11 years, Conduent's highest Cyclically Adjusted Price-to-FCF was 7.82. The lowest was 5.21. And the median was 6.14.

CNDT's Cyclically Adjusted Price-to-FCF is ranked better than
93.13% of 670 companies
in the Software industry
Industry Median: 28.305 vs CNDT: 5.21

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.

Conduent's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $-0.018. 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 $0.57 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Conduent Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Conduent'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.

Conduent Cyclically Adjusted Price-to-FCF Chart

Conduent 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 - - - 6.63 6.36

Conduent 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 6.63 - - - 6.36

Competitive Comparison of Conduent's Cyclically Adjusted Price-to-FCF

For the Information Technology Services subindustry, Conduent'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.


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

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

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



Conduent 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.06/0.57
=5.37

* 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.

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

For example, Conduent'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)
=-0.018/129.4194*129.4194
=-0.018

Current CPI (Dec23) = 129.4194.

Conduent Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 2.216 99.070 2.895
201512 1.515 99.792 1.965
201612 -0.458 101.863 -0.582
201712 0.824 104.011 1.025
201812 0.286 105.998 0.349
201912 -0.397 108.420 -0.474
202012 0.105 109.897 0.124
202112 0.451 117.630 0.496
202212 -0.042 125.222 -0.043
202312 -0.018 129.419 -0.018

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.


Conduent  (NAS:CNDT) 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.


Conduent Cyclically Adjusted Price-to-FCF Related Terms

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


Conduent (Conduent) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Conduent Inc (NAS:CNDT) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
100 Campus Drive, Suite 200, Florham Park, NJ, USA, 07932
Conduent Inc acts as a provider of business process services with expertise in transaction-intensive processing, analytics, and automation. The company provides industry-focused service offerings in growth markets such as Healthcare and Transportation as well as provides multi-industry services such as transaction processing, customer care, and payment services. It operates through three segments namely Commercial Industries which is the key revenue-driving segment, Government Services, and Transportation. The group operates its business in the United States, Europe, and Other areas of which the majority of its revenue is generated in the United States.
Executives
Clifford Skelton officer: Pres.& Chief Operating Officer 100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Stephen Henry Wood officer: VP, Corporate Controller 100 CAMPUS DRIVE, SUITE 200E, FLORHAM PARK NJ 07932
Randall Edmon King officer: EVP, Commercial Solutions 100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Mark E King officer: EVP, Government Solutions 100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Louis Edward Keyes officer: Executive Vice President & CRO 100 CAMPUS DRIVE, SUITE 200E, FLORHAM PARK NJ 07932
Michael E Krawitz officer: EVP, GC & Secretary 1690 S CONGRESS AVE, STE 201, DELRAY BEACH FL 33445
Mark Simon Brewer officer: EVP & President -Public Sector 100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Mark Prout officer: EVP, Chief Information Officer 100 CAMPUS DRIVE, SUITE 200E, FLORHAM PARK NJ 07932
A. Scott Letier director 5956 SHERRY LN, SUITE 800, DALLAS TX 75225
Steven D Miller director 16690 COLLINS AVENUE, PH, SUNNY ISLE BEACH FL 33160
Hunter Clark Gary director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Michael Montelongo director 203 EAST MAIN STREET, SPARTANBURG SC 29319
Hernandez Margarita Palau director 300 N. SAN RAFAEL AVE., PASADENA CA 91105
Higgins Victor Kathy J director 7075 FLYING CLOUD DRIVE, EDEN PRAIRIE MN 55344
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160