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Dnow (DNOW) Cyclically Adjusted Price-to-FCF : 9.59 (As of May. 17, 2024)


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What is Dnow Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Dnow's current share price is $13.62. Dnow's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.42. Dnow's Cyclically Adjusted Price-to-FCF for today is 9.59.

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

DNOW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.57   Med: 8.24   Max: 11.52
Current: 9.85

During the past years, Dnow's highest Cyclically Adjusted Price-to-FCF was 11.52. The lowest was 6.57. And the median was 8.24.

DNOW's Cyclically Adjusted Price-to-FCF is ranked better than
90.51% of 1033 companies
in the Industrial Products industry
Industry Median: 33.75 vs DNOW: 9.85

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.

Dnow's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.745. 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 $1.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dnow Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dnow'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.

Dnow Cyclically Adjusted Price-to-FCF Chart

Dnow 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 - - - 9.08 8.60

Dnow 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 7.90 7.46 - 8.60 10.70

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

For the Specialty Industrial Machinery subindustry, Dnow'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.


Dnow's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dnow's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Dnow 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.62/1.42
=9.59

* 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.

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

For example, Dnow'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)
=0.745/131.7762*131.7762
=0.745

Current CPI (Mar. 2024) = 131.7762.

Dnow Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.509 100.560 0.667
201409 -0.500 100.428 -0.656
201412 0.657 99.070 0.874
201503 -0.150 99.621 -0.198
201506 0.850 100.684 1.112
201509 1.505 100.392 1.975
201512 0.720 99.792 0.951
201603 0.822 100.470 1.078
201606 0.542 101.688 0.702
201609 0.280 101.861 0.362
201612 0.449 101.863 0.581
201703 -0.204 102.862 -0.261
201706 -0.491 103.349 -0.626
201709 -0.324 104.136 -0.410
201712 -0.084 104.011 -0.106
201803 -0.287 105.290 -0.359
201806 0.028 106.317 0.035
201809 0.193 106.507 0.239
201812 0.633 105.998 0.787
201903 -0.183 107.251 -0.225
201906 0.631 108.070 0.769
201909 0.925 108.329 1.125
201912 0.673 108.420 0.818
202003 0.028 108.902 0.034
202006 0.606 108.767 0.734
202009 0.523 109.815 0.628
202012 0.505 109.897 0.606
202103 -0.045 111.754 -0.053
202106 0.064 114.631 0.074
202109 0.198 115.734 0.225
202112 0.009 117.630 0.010
202203 -0.199 121.301 -0.216
202206 -0.261 125.017 -0.275
202209 0.404 125.227 0.425
202212 0.054 125.222 0.057
202303 -0.099 127.348 -0.102
202306 0.731 128.729 0.748
202309 0.000 129.860 0.000
202312 0.961 129.419 0.979
202403 0.745 131.776 0.745

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.


Dnow  (NYSE:DNOW) 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.


Dnow Cyclically Adjusted Price-to-FCF Related Terms

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


Dnow (DNOW) Business Description

Industry
Traded in Other Exchanges
Address
7402 North Eldridge Parkway, Houston, TX, USA, 77041
Dnow Inc is a company engaged in worldwide supplying of energy and industrial products and packaged, engineered process and production equipment with a legacy of over one sixty years. They offer a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW that provide customers world-class technology for digital commerce, data and information management. Its locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.
Executives
Karen David-green director C/O WINSTON & STRAWN LLP, 800 CAPITOL ST., SUITE 2400, HOUSTON TX 77002
David A Cherechinsky officer: Sr. Vice President and CFO 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Sonya Reed director 4 TESSENEER DRIVE, HIGHLAND HEIGHTS KY 41076
Fanny R. Surratt officer: See Remarks NOW INC., C/O RAYMOND CHANG, 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Kelly T. Munson officer: See Remarks NOW INC., C/O RAYMOND CHANG, 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Richard J Alario director C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Paul M Coppinger director
Rodney W Eads director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
J. Wayne Richards director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Galen Cobb director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Terry Bonno director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
James Crandell director 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Daniel L Molinaro officer: Executive Vice President 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Mark B Johnson officer: See Remarks 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Raymond W Chang officer: VP and General Counsel 7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041

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