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


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What is DZS Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


DZS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for DZS'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.

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DZS Cyclically Adjusted Price-to-FCF Chart

DZS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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DZS Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of DZS's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, DZS'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.


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

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

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



DZS 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.

DZS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2023 is calculated as:

For example, DZS's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=-0.508/127.3478*127.3478
=-0.508

Current CPI (Mar. 2023) = 127.3478.

DZS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201306 0.174 98.518 0.225
201309 0.215 98.790 0.277
201312 0.083 98.326 0.107
201403 -0.025 99.695 -0.032
201406 0.005 100.560 0.006
201409 -0.325 100.428 -0.412
201412 -2.831 99.070 -3.639
201503 -0.029 99.621 -0.037
201506 -0.051 100.684 -0.065
201509 -0.805 100.392 -1.021
201512 1.216 99.792 1.552
201603 -0.816 100.470 -1.034
201606 0.845 101.688 1.058
201609 1.122 101.861 1.403
201612 -0.649 101.863 -0.811
201703 -0.068 102.862 -0.084
201706 -0.390 103.349 -0.481
201709 0.364 104.136 0.445
201712 0.138 104.011 0.169
201803 -0.829 105.290 -1.003
201806 -0.133 106.317 -0.159
201809 -0.038 106.507 -0.045
201812 0.180 105.998 0.216
201903 -0.306 107.251 -0.363
201906 -0.625 108.070 -0.736
201909 -0.314 108.329 -0.369
201912 -0.078 108.420 -0.092
202003 0.002 108.902 0.002
202006 -0.260 108.767 -0.304
202009 -0.342 109.815 -0.397
202012 0.723 109.897 0.838
202103 -0.325 111.754 -0.370
202106 -0.082 114.631 -0.091
202109 -0.324 115.734 -0.357
202112 -0.025 117.630 -0.027
202203 -0.438 121.301 -0.460
202206 -0.743 125.017 -0.757
202209 -0.264 125.227 -0.268
202212 -0.529 125.222 -0.538
202303 -0.508 127.348 -0.508

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.


DZS  (NAS:DZSI) 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.


DZS Cyclically Adjusted Price-to-FCF Related Terms

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


DZS (DZSI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » DZS Inc (NAS:DZSI) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
5700 Tennyson Parkway, Suite 400, Plano, TX, USA, 75024
DZS Inc is a broad-based network access solutions provider. It designs, develops and manufactures communications network equipment for telecommunications operators and enterprises. The firm provides solutions in five major product areas: broadband access, mobile backhaul, Ethernet switching, passive optical LAN and software-defined networks. It also offers customer premise equipment, network management, cabinets, and channel bank. Its primary geographic markets are the Americas; Europe, Middle East, Africa, and Asia.
Executives
Gunter Reiss officer: Chief Customer Officer, AEMEA 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Justin K. Ferguson officer: Chief Legal Officer C/O DZS INC., 5700 TENNYSON PARKWAY SUITE 400, PLANO TX 75024
Charles D Vogt director, officer: President & CEO TEKELEC, 26580 WEST AGOURA ROAD, CALABASAS CA 91302
Misty Dawn Kawecki officer: Chief Financial Officer C/O DZS INC., 7500 TENNYSON PARKWAY, PLANO TX 75024
Barbara Carbone director 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Min Woo Nam director C/O ZHONE TECHNOLOGIES, INC., 7195 OAKPORT STREET, OAKLAND CA 94621
David R Schopp director C/O DASAN ZHONE SOLUTIONS, INC., 7195 OAKPORT ST., OAKLAND CA 94621
Choon Yul Yoo director C/O DASAN ZHONE SOLUTIONS, INC., 7195 OAKPORT ST., OAKLAND CA 94621
Joon Kyung Kim director 3200 WILSHIRE BLVD STE 1400, LOS ANGELES CA 90010
Matthew W Bross director C/O 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Norman L Foust officer: SVP of Global Supply Chain C/O CYAN, INC., 1383 N. MCDOWELL BLVD., SUITE 300, PETALUMA CA 94954
Miguel Alonso officer: Chief Product Officer 5700 TENNYSON PARKWAY, SUITE 400, PLANO TX 75024
Thomas Arthur Carter officer: Chief Customer Officer, AEMEA 5700 TENNYSON PARKWAY, SUITE 400, PLANO TX 75024
Deok Yeon Won officer: Chief Customer Officer, Asia 5700 TENNYSON PARKWAY, SUITE 400, PLANO TX 75024
Dasan Networks, Inc 10 percent owner DASAN TOWER, 49, DAEWANGPANGYO-RO, 644 BEON-GIL, BUNDANG-GU, SEONGNAM-SI GYEONGGI-DO M5 13493

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