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Performant Financial (Performant Financial) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


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What is Performant Financial Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Performant Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Performant Financial'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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Performant Financial Cyclically Adjusted Price-to-FCF Chart

Performant Financial 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 - 3.48 11.79 25.89 217.86

Performant Financial 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 24.51 24.96 39.13 217.86 -

Competitive Comparison of Performant Financial's Cyclically Adjusted Price-to-FCF

For the Specialty Business Services subindustry, Performant Financial'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.


Performant Financial's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

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

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



Performant Financial 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.

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

For example, Performant Financial'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)
=-0.046/129.4194*129.4194
=-0.046

Current CPI (Mar. 2024) = 129.4194.

Performant Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.090 100.560 0.116
201409 0.065 100.428 0.084
201412 -0.029 99.070 -0.038
201503 -0.005 99.621 -0.006
201506 0.173 100.684 0.222
201509 0.101 100.392 0.130
201512 -0.103 99.792 -0.134
201603 0.189 100.470 0.243
201606 0.149 101.688 0.190
201609 -0.041 101.861 -0.052
201612 -0.100 101.863 -0.127
201703 -0.048 102.862 -0.060
201706 0.022 103.349 0.028
201709 -0.065 104.136 -0.081
201712 0.007 104.011 0.009
201803 -0.231 105.290 -0.284
201806 0.002 106.317 0.002
201809 -0.075 106.507 -0.091
201812 -0.068 105.998 -0.083
201903 -0.021 107.251 -0.025
201906 -0.180 108.070 -0.216
201909 -0.126 108.329 -0.151
201912 -0.052 108.420 -0.062
202003 0.114 108.902 0.135
202006 0.141 108.767 0.168
202009 0.024 109.815 0.028
202012 0.034 109.897 0.040
202103 0.073 111.754 0.085
202106 -0.075 114.631 -0.085
202109 -0.020 115.734 -0.022
202112 -0.016 117.630 -0.018
202203 -0.077 121.301 -0.082
202206 -0.023 125.017 -0.024
202209 0.036 125.227 0.037
202212 -0.028 125.222 -0.029
202303 -0.041 127.348 -0.042
202306 0.039 128.729 0.039
202309 0.037 129.860 0.037
202312 -0.040 129.419 -0.040
202403 -0.046 129.419 -0.046

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.


Performant Financial  (NAS:PFMT) 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.


Performant Financial Cyclically Adjusted Price-to-FCF Related Terms

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


Performant Financial (Performant Financial) Business Description

Traded in Other Exchanges
N/A
Address
333 North Canyons Parkway, Livermore, CA, USA, 94551
Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States. The company provides its services on an outsourced basis where it handles many or all aspects of its clients' recovery processes. It uses technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. The services are primarily offered across a broad range of government and private clients in several markets. The revenue generated here is generally on success-based as it earns fees based on a percentage of the aggregate amount of funds that it enables the clients to recover.
Executives
Prescott Group Capital Management, L.l.c. 10 percent owner 1924 SOUTH UTICA, SUITE 1120, TULSA OK 74104-6429
Rohit Ramchandani officer: Chief Financial Officer 333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551
Ecmc Group, Inc. 10 percent owner 1 IMATION PLACE, BLDG 2, SUITE 392A, OAKDALE MN 55128
Pcp Managers Gp, Llc 10 percent owner FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111
Parthenon Dcs Holdings, Llc 10 percent owner C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Eric Yanagi director 400 OYSTER POINT BOULEVARD, SUITE 526, SOUTH SAN FRANCISCO CA 94080
Pcp Managers, L.p. 10 percent owner C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111
Pcap Ii, Llc 10 percent owner C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Pcap Partners Ii, Llc 10 percent owner C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Parthenon Investors Ii. L.p. 10 percent owner C/O PARTHENON CAPITAL PARTNERS, 400 EMBARCADERO CENTER, SAN FRANCISCO CA 94111
James Lacamp director 333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551
Prescott Group Aggressive Small Cap Lp 10 percent owner 1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529
Prescott Group Aggressive Small Cap Master Fund Gp 10 percent owner 1924 S UTICA SUITE # 1120, TULSA OK 74104-6529
Prescott Group Aggressive Small Cap Ii Lp 10 percent owner 1924 S UTICA SUITE # 1120, TULSA OK 74104-6529
Phil Frohlich 10 percent owner 1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529