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Energisa (BSP:ENGI3) Cyclically Adjusted FCF per Share : R$0.08 (As of Mar. 2024)


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What is Energisa Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Energisa's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$0.386. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$0.08 for the trailing ten years ended in Mar. 2024.

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 Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Energisa was 14.00% per year. The lowest was 4.40% per year. And the median was 9.20% per year.

As of today (2024-05-31), Energisa's current stock price is R$14.04. Energisa's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.08. Energisa's Cyclically Adjusted Price-to-FCF of today is 175.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Energisa was 812.71. The lowest was 132.03. And the median was 180.43.


Energisa Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Energisa's Cyclically Adjusted FCF 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.

Energisa Cyclically Adjusted FCF per Share Chart

Energisa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 0.04 -0.07 -0.07 0.04

Energisa Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 -0.03 -0.04 -0.02 0.04 0.08

Competitive Comparison of Energisa's Cyclically Adjusted FCF per Share

For the Utilities - Renewable subindustry, Energisa'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.


Energisa's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Energisa's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Energisa Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Energisa'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)
=0.386/159.3724*159.3724
=0.386

Current CPI (Mar. 2024) = 159.3724.

Energisa Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.742 91.838 -1.288
201409 0.753 92.602 1.296
201412 -0.100 94.194 -0.169
201503 -0.093 97.799 -0.152
201506 -0.299 100.006 -0.476
201509 0.023 101.392 0.036
201512 0.210 104.247 0.321
201603 0.120 106.979 0.179
201606 -0.011 108.851 -0.016
201609 -0.020 109.986 -0.029
201612 0.183 110.802 0.263
201703 0.137 111.869 0.195
201706 0.056 112.115 0.080
201709 0.001 112.777 0.001
201712 -0.247 114.068 -0.345
201803 0.003 114.868 0.004
201806 -0.047 117.038 -0.064
201809 -0.120 117.881 -0.162
201812 -1.204 118.340 -1.621
201903 0.052 120.124 0.069
201906 -0.041 120.977 -0.054
201909 -0.034 121.292 -0.045
201912 0.060 123.436 0.077
202003 0.096 124.092 0.123
202006 0.247 123.557 0.319
202009 0.939 125.095 1.196
202012 0.135 129.012 0.167
202103 0.228 131.660 0.276
202106 -0.112 133.871 -0.133
202109 -0.270 137.913 -0.312
202112 -0.766 141.992 -0.860
202203 0.153 146.537 0.166
202206 0.127 149.784 0.135
202209 0.008 147.800 0.009
202212 0.118 150.207 0.125
202303 0.305 153.352 0.317
202306 0.018 154.519 0.019
202309 0.110 155.464 0.113
202312 0.610 157.148 0.619
202403 0.386 159.372 0.386

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Energisa  (BSP:ENGI3) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Energisa's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.04/0.08
=175.50

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Energisa was 812.71. The lowest was 132.03. And the median was 180.43.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Energisa Cyclically Adjusted FCF per Share Related Terms

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


Energisa (BSP:ENGI3) Business Description

Traded in Other Exchanges
Address
Praca Rui Barbosa, 80, Centro, Cataguases, MG, BRA, 36770-901
Energisa SA is a holding company. Energisa along with its subsidiaries is engaged in the production of energy from renewable sources and; the transmission and distribution of electricity. The company segments include Distribution, Generation, Transmission, Sales and Services and Trading. It generates maximum revenue from the Distribution segment. The company distributes its electricity to residential, industrial, commercial, rural, Government, Public lighting, Public utility and other class areas in Brazil.

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