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Liquidity Services (Liquidity Services) Cyclically Adjusted Price-to-FCF : 29.14 (As of May. 15, 2024)


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What is Liquidity Services Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Liquidity Services's current share price is $19.23. Liquidity Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.66. Liquidity Services's Cyclically Adjusted Price-to-FCF for today is 29.14.

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

LQDT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.73   Med: 22.83   Max: 104.58
Current: 28.8

During the past years, Liquidity Services's highest Cyclically Adjusted Price-to-FCF was 104.58. The lowest was 11.73. And the median was 22.83.

LQDT's Cyclically Adjusted Price-to-FCF is ranked worse than
76.55% of 435 companies
in the Retail - Cyclical industry
Industry Median: 13 vs LQDT: 28.80

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.

Liquidity Services's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.032. 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 $0.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liquidity Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Liquidity Services'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.

Liquidity Services Cyclically Adjusted Price-to-FCF Chart

Liquidity Services Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.61 31.74 69.21 28.92 28.97

Liquidity Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.96 24.45 28.97 30.52 28.19

Competitive Comparison of Liquidity Services's Cyclically Adjusted Price-to-FCF

For the Internet Retail subindustry, Liquidity Services'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.


Liquidity Services's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Liquidity Services's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Liquidity Services 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=19.23/0.66
=29.14

* 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.

Liquidity Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Liquidity Services's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.032/129.4194*129.4194
=1.032

Current CPI (Mar. 2024) = 129.4194.

Liquidity Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.179 100.560 -0.230
201409 0.188 100.428 0.242
201412 0.383 99.070 0.500
201503 0.413 99.621 0.537
201506 0.344 100.684 0.442
201509 0.063 100.392 0.081
201512 -0.320 99.792 -0.415
201603 1.036 100.470 1.335
201606 0.393 101.688 0.500
201609 0.185 101.861 0.235
201612 -0.235 101.863 -0.299
201703 -0.351 102.862 -0.442
201706 -0.070 103.349 -0.088
201709 -0.604 104.136 -0.751
201712 0.079 104.011 0.098
201803 0.075 105.290 0.092
201806 -0.188 106.317 -0.229
201809 -0.076 106.507 -0.092
201812 -0.294 105.998 -0.359
201903 -0.150 107.251 -0.181
201906 0.077 108.070 0.092
201909 -0.005 108.329 -0.006
201912 -0.595 108.420 -0.710
202003 0.147 108.902 0.175
202006 0.608 108.767 0.723
202009 0.201 109.815 0.237
202012 0.134 109.897 0.158
202103 0.681 111.754 0.789
202106 0.618 114.631 0.698
202109 0.263 115.734 0.294
202112 -0.003 117.630 -0.003
202203 0.328 121.301 0.350
202206 0.417 125.017 0.432
202209 0.361 125.227 0.373
202212 -0.360 125.222 -0.372
202303 0.980 127.348 0.996
202306 0.280 128.729 0.282
202309 0.415 129.860 0.414
202312 -0.332 129.419 -0.332
202403 1.032 129.419 1.032

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.


Liquidity Services  (NAS:LQDT) 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.


Liquidity Services Cyclically Adjusted Price-to-FCF Related Terms

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


Liquidity Services (Liquidity Services) Business Description

Traded in Other Exchanges
Address
6931 Arlington Road, Suite 460, Bethesda, MD, USA, 20814
Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.
Executives
Steven Weiskircher officer: SVP & CTO 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Angrick William P Iii director, 10 percent owner, officer: Chairman of the Board and CEO C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036
Novelette Murray officer: Chief Human Resources Officer 6931 ARLINGTON ROAD SUITE 200, BETHESDA MD 20814
John Daunt officer: EVP & COO C/O 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
George H Ellis director 2911 TURTLE CREEK BOULEVARD, SUITE 1100, DALLAS TX 75219
Jorge Celaya officer: EVP & Chief Financial Officer 1920 L STREET NW, 6TH FLOOR, WASHINGTON DC 20036
Katharin S Dyer director 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Thierno Amath Fall director 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Jaime Mateus-tique director, 10 percent owner, officer: President and Chief Op Officer 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036
Mark A Shaffer officer: VP, Gen. Counsel & Secretary C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036
Edward Kolodzieski director C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036
Nicholas Rozdilsky officer: Vice President, Marketing C/O 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Beatriz V Infante director 4 TECHNOLOGY PARK DRIVE, SONUS NETWORKS, INC., WESTFORD MA 01886
Sam Guzman officer: VP & Chief Accounting Officer C/O 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Michael Lutz officer: VP, Human Resources C/O 6931 ARLINGTON ROAD, BETHESDA MD 20814