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SP Plus (SP Plus) Cyclically Adjusted Price-to-FCF : 20.15 (As of May. 22, 2024)


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What is SP Plus Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), SP Plus's current share price is $53.99. SP Plus's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.68. SP Plus's Cyclically Adjusted Price-to-FCF for today is 20.15.

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

SP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.36   Med: 18.57   Max: 28.52
Current: 20.18

During the past years, SP Plus's highest Cyclically Adjusted Price-to-FCF was 28.52. The lowest was 8.36. And the median was 18.57.

SP's Cyclically Adjusted Price-to-FCF is ranked worse than
56.91% of 362 companies
in the Business Services industry
Industry Median: 18.255 vs SP: 20.18

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.

SP Plus's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.450. 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 $2.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SP Plus Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SP Plus'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.

SP Plus Cyclically Adjusted Price-to-FCF Chart

SP Plus 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 23.47 15.49 14.40 14.67 20.44

SP Plus 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 13.79 15.71 13.63 20.44 19.52

Competitive Comparison of SP Plus's Cyclically Adjusted Price-to-FCF

For the Specialty Business Services subindustry, SP Plus'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.


SP Plus's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

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

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



SP Plus 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=53.99/2.68
=20.15

* 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.

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

For example, SP Plus'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)
=0.45/131.7762*131.7762
=0.450

Current CPI (Mar. 2024) = 131.7762.

SP Plus Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.247 100.560 1.634
201409 0.467 100.428 0.613
201412 0.566 99.070 0.753
201503 -0.391 99.621 -0.517
201506 0.657 100.684 0.860
201509 0.288 100.392 0.378
201512 0.956 99.792 1.262
201603 0.102 100.470 0.134
201606 0.460 101.688 0.596
201609 0.316 101.861 0.409
201612 1.201 101.863 1.554
201703 0.174 102.862 0.223
201706 0.888 103.349 1.132
201709 -0.329 104.136 -0.416
201712 0.972 104.011 1.231
201803 -0.186 105.290 -0.233
201806 1.126 106.317 1.396
201809 0.336 106.507 0.416
201812 1.464 105.998 1.820
201903 -0.397 107.251 -0.488
201906 1.158 108.070 1.412
201909 1.420 108.329 1.727
201912 0.806 108.420 0.980
202003 0.199 108.902 0.241
202006 0.658 108.767 0.797
202009 0.195 109.815 0.234
202012 0.461 109.897 0.553
202103 -0.155 111.754 -0.183
202106 1.033 114.631 1.188
202109 0.210 115.734 0.239
202112 0.957 117.630 1.072
202203 1.129 121.301 1.226
202206 0.033 125.017 0.035
202209 1.549 125.227 1.630
202212 0.604 125.222 0.636
202303 0.050 127.348 0.052
202306 0.439 128.729 0.449
202309 1.346 129.860 1.366
202312 -0.107 129.419 -0.109
202403 0.450 131.776 0.450

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.


SP Plus  (NAS:SP) 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.


SP Plus Cyclically Adjusted Price-to-FCF Related Terms

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


SP Plus (SP Plus) Business Description

Industry
Traded in Other Exchanges
Address
200 East Randolph Street, Suite 7700, Chicago, IL, USA, 60601-7702
SP Plus Corp Provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in urban markets and airports across the United States, Canada, and Puerto Rico. Its services include a comprehensive set of on-site parking management and ground transportation services, In addition, the company also provides a range of ancillary services such as airport and municipal shuttle operations, valet services, taxi and livery dispatch services, and municipal meter revenue collection and enforcement services. Its reportable segments are Commercial and Aviation. The company generates a majority of its revenue from the Commercial segment.
Executives
G Marc Baumann officer: CFO, Treas & Pres of Urban Ops 900 NORTH MICHIGAN AVENUE SUITE 1600, CHICAGO IL 60611
Christopher R Sherman officer: President, Commercial Division C/O SP PLUS CORPORATION, 200 EAST RANDOLPH STREET, SUITE 7700, CHICAGO IL 60601
Robert Toy officer: Executive VP, Operations C/O STANDARD PARKING CORPORATION, 900 N. MICHIGAN AVENUE, CHICAGO IL 60611
John Ricchiuto officer: Exec. VP, Airport Division 900 NORTH MICHIGAN AVENUE SUITE 1600, CHICAGO IL 60611
Gary T Roberts officer: SVP, Corp. Cont., Asst. Treas. C/O SP PLUS CORPORATION, 200 EAST RANDOLPH STREET, SUITE 7700, CHICAGO IL 60601
Diana L Sands director 100 N RIVERSIDE PLAZA, M/C 5003-1001, CHICAGO IL 60606
Kristopher H Roy officer: VP, Corporate Controller C/O SP PLUS CORPORATION, 200 E. RANDOLPH STREET, SUITE 7700, CHICAGO IL 60601
Robert A Miles officer: President, Bags C/O SP PLUS CORPORATION, 200 E. RANDOLPH STREET, SUITE 7700, CHICAGO IL 60601
Gerard M Klaisle officer: Exec. VP & Chief H.R. Officer
Ritu Vig officer: Chief Legal Officer C/O SP PLUS CORPORATION, 200 E. RANDOLPH ST., SUITE 7700, CHICAGO IL 60601
Thomas L Hagerman officer: Exec. VP, Business Development 900 NORTH MICHIGAN SUITE 1600, CHICAGO IL 60611
Alice M Peterson director 3333 BEVERLY RD B5-153A, HOFFMAN ESTTES IL 60179
Robert N Sacks officer: Exec. VP, Gen. Counsel & Sec. 900 NORTH MICHIGAN AVENUE SUITE 1600, CHICAGO IL 60611
Robert S Roath director 781 THIRD AVENUE, KING OF PRUSSIA PA 194061409
Kohlberg Cpc Rep, L.l.c. director, 10 percent owner C/O KOHLBERG & COMPANY, LLC, 111 RADIO CIRCLE, MT. KISCO NY 10549