GURUFOCUS.COM » STOCK LIST » USA » NAS » Digital Turbine Inc (NAS:APPS) » Definitions » Free Cash Flow per Share
Switch to:

Digital Turbine (NAS:APPS) Free Cash Flow per Share

: $0.87 (TTM As of Mar. 2023)
View and export this data going back to 1995. Start your Free Trial

Digital Turbine's Free Cash Flow per Share for the three months ended in Mar. 2023 was $0.11. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in Mar. 2023 was $0.87.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of Digital Turbine was 46.70% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 43.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the FCF Growth Rate using Free Cash Flow per Share data.

The historical rank and industry rank for Digital Turbine's Free Cash Flow per Share or its related term are showing as below:

APPS' s 3-Year FCF Growth Rate Range Over the Past 10 Years
Min: -150.4   Med: 8.8   Max: 98.7
Current: 43.7

During the past 13 years, Digital Turbine's highest 3-Year average Free Cash Flow per Share Growth Rate was 98.70% per year. The lowest was -150.40% per year. And the median was 8.80% per year.

APPS's 3-Year FCF Growth Rate is ranked better than
83.49% of 1720 companies
in the Software industry
Industry Median: 7.35 vs APPS: 43.70

Digital Turbine Free Cash Flow per Share Historical Data

The historical data trend for Digital Turbine's Free Cash Flow per Share 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.

Digital Turbine Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Free Cash Flow per Share
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 0.30 0.56 0.60 0.88

Digital Turbine Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Free Cash Flow per Share 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 Premium Member Only Premium Member Only Premium Member Only 0.32 0.29 0.21 0.27 0.11

Digital Turbine Free Cash Flow per Share Calculation

Free Cashflow per Share is the amount of Free Cashflow per outstanding share of the company's stock.

Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company.

Note: GuruFocus does not calculate Free Cash Flow Per Share when Capital Expenditure is 0.

Digital Turbine's Free Cash Flow Per Share for the fiscal year that ended in Mar. 2023 is calculated as

Free Cash Flow Per Share(A: Mar. 2023 )
=(Cash Flow from Operations+Capital Expenditure)/Shares Outstanding (Diluted Average)
=(113.376+-23.858)/101.816
=89.518/101.816
=0.88

Digital Turbine's Free Cash Flow Per Share for the quarter that ended in Mar. 2023 is calculated as

Free Cash Flow Per Share(Q: Mar. 2023 )
=(Cash Flow from Operations+Capital Expenditure)/Shares Outstanding (Diluted Average)
=(15.862+-5.26)/99.263
=10.602/99.263
=0.11

Free Cash Flow per Share for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.87

* 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.


Digital Turbine  (NAS:APPS) Free Cash Flow per Share Explanation

Free Cash Flow is very close to Warren Buffett's definition of Owner's Earnings, except that in Warren Buffett's Owner's Earnings, the spending for Property, Plant, and Equipment is only for maintenance (replacement), while in the Free Cash Flow calculation, the cost of new Property, Plant, and Equipment due to business expansion is also deducted. There, Free Cash Flow is more conservative than Owner's Earnings.

In Don Yacktman's calculation of forward rate of return, he uses Free Cash Flow for the calculation. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation.

This is what Yacktman said in his March 2012 interview - when the S&P 500 was at 1400:

If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.

The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).

For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over seven years. The reason we use seven years is because research shows that seven years is the length of the typical business cycle.

Therefore, as of Mar23, Digital Turbine's Forward Rate of Return (Yacktman) % is

Forward Rate of Return (Yacktman) % (Mar23)=Normalized Free Cash Flow/Price+5-Year EBITDA Growth Rate
=0/12.36+0
=0.00 %

* 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.


Be Aware

Free Cash Flow within a report period can be affected by management's decisions of capital spending. Therefore, it is important to look at long term when it comes to Free Cash Flow.


Digital Turbine Free Cash Flow per Share Related Terms

Thank you for viewing the detailed overview of Digital Turbine's Free Cash Flow per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Digital Turbine (NAS:APPS) Business Description

Digital Turbine logo
Traded in Other Exchanges
Address
110 San Antonio Street, Suite 160, Austin, TX, USA, 78701
Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Media (ODM); In App Media-AdColony; and In App Media-Fyber. The company derives key revenue from the ODM segment by providing solutions to all participants in the mobile application ecosystem who want to connect with end users and consumers who hold the device, including mobile carriers and device original equipment manufacturers (OEMs) that participate in the app economy, app publishers and developers, and brands and advertising agencies. It has a global business presence.
Executives
Senthilkumaran Kanagaratnam officer: Chief Technology Officer 5717 LA SEYNE PLACE, SAN JOSE CA 95138
Matthew Gillis officer: President 2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224
Mary Spilman director C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Michael Benjamin Miller officer: Chief Accounting Officer 360 WEST FOREST GROVE ROAD, LUCAS TX 75002
Holyce Hess Groos director 58 CHRISTIANA COURT, LAKE GEORGE NY 12845
Christine Collins officer: CTO 111 NUECES STREET, AUSTIN TX 78701
Michelle M Sterling director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Roy H Chestnutt director 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
J. Barrett Garrison officer: EVP, CFO 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
David Wesch officer: Acting CAO 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Mohan S Gyani director 7277 164TH AVE NE, BLDG1, REDMOND WA 98052
Judson Bowman director 1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Craig I Forman director 1375 PEACHTREE STREET, ATLANTA GA 30309
James Alejandro officer: Chief Accounting Officer 2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068
Kirstie Elizabeth Brown officer: Head, Global Fin. Obligations 2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068

Digital Turbine (NAS:APPS) Headlines

From GuruFocus

Other Sources

Why Digital Turbine Stock Skyrocketed Today

By Yahoo Finance 2022-11-10

Digital Turbine stock soars on Q2 earnings

By Yahoo Finance 2022-11-10