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Element Fleet Management (TSX:EFN) Cyclically Adjusted Price-to-FCF : 191.54 (As of Jun. 07, 2024)


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What is Element Fleet Management Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Element Fleet Management's current share price is C$24.90. Element Fleet Management's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.13. Element Fleet Management's Cyclically Adjusted Price-to-FCF for today is 191.54.

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

TSX:EFN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 116.43   Med: 155.89   Max: 390.8
Current: 186.37

During the past years, Element Fleet Management's highest Cyclically Adjusted Price-to-FCF was 390.80. The lowest was 116.43. And the median was 155.89.

TSX:EFN's Cyclically Adjusted Price-to-FCF is ranked worse than
94.54% of 366 companies
in the Business Services industry
Industry Median: 18.155 vs TSX:EFN: 186.37

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.

Element Fleet Management's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-1.077. 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 C$0.13 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Element Fleet Management Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Element Fleet Management'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.

Element Fleet Management Cyclically Adjusted Price-to-FCF Chart

Element Fleet Management 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 - - 312.35 353.52 -

Element Fleet Management 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 - - - - 163.84

Competitive Comparison of Element Fleet Management's Cyclically Adjusted Price-to-FCF

For the Rental & Leasing Services subindustry, Element Fleet Management'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.


Element Fleet Management's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

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

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



Element Fleet Management 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.

Element Fleet Management's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.90/0.13
=191.54

* 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.

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

For example, Element Fleet Management'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)
=-1.077/126.2576*126.2576
=-1.077

Current CPI (Mar. 2024) = 126.2576.

Element Fleet Management Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.746 99.473 -3.485
201409 -0.996 99.394 -1.265
201412 -1.733 98.367 -2.224
201503 -1.794 99.789 -2.270
201506 -2.101 100.500 -2.639
201509 1.383 100.421 1.739
201512 -0.426 99.947 -0.538
201603 0.644 101.054 0.805
201606 0.197 102.002 0.244
201609 -0.249 101.765 -0.309
201612 0.433 101.449 0.539
201703 -0.731 102.634 -0.899
201706 -1.085 103.029 -1.330
201709 1.321 103.345 1.614
201712 0.401 103.345 0.490
201803 -0.109 105.004 -0.131
201806 -0.374 105.557 -0.447
201809 0.628 105.636 0.751
201812 -0.868 105.399 -1.040
201903 0.683 106.979 0.806
201906 0.751 107.690 0.880
201909 0.057 107.611 0.067
201912 0.796 107.769 0.933
202003 0.636 107.927 0.744
202006 2.021 108.401 2.354
202009 2.071 108.164 2.417
202012 1.503 108.559 1.748
202103 1.969 110.298 2.254
202106 1.244 111.720 1.406
202109 1.171 112.905 1.309
202112 1.013 113.774 1.124
202203 0.564 117.646 0.605
202206 0.128 120.806 0.134
202209 0.524 120.648 0.548
202212 -0.899 120.964 -0.938
202303 -1.342 122.702 -1.381
202306 -1.654 124.203 -1.681
202309 -0.073 125.230 -0.074
202312 -0.441 125.072 -0.445
202403 -1.077 126.258 -1.077

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.


Element Fleet Management  (TSX:EFN) 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.


Element Fleet Management Cyclically Adjusted Price-to-FCF Related Terms

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


Element Fleet Management (TSX:EFN) Business Description

Address
161 Bay Street, Suite 3600, Toronto, ON, CAN, M5J 2S1
Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets. The company operates in U.S., Canada, Mexico, Australia, and New Zealand.
Executives
Laura Lee Dottori-attanasio Senior Officer

Element Fleet Management (TSX:EFN) Headlines

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