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Idacorp (FRA:IDJ) Cyclically Adjusted FCF per Share : €0.63 (As of Mar. 2024)


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What is Idacorp 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.

Idacorp's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-2.722. 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 €0.63 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Idacorp's average Cyclically Adjusted FCF Growth Rate was -52.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -12.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.40% 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 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 Idacorp was 166.80% per year. The lowest was -81.50% per year. And the median was 2.00% per year.

As of today (2024-06-01), Idacorp's current stock price is €85.50. Idacorp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.63. Idacorp's Cyclically Adjusted Price-to-FCF of today is 135.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Idacorp was 272.86. The lowest was 48.11. And the median was 75.95.


Idacorp Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Idacorp'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.

Idacorp Cyclically Adjusted FCF per Share Chart

Idacorp 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 1.19 1.30 1.67 1.74 0.96

Idacorp 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 1.33 1.24 1.11 0.96 0.63

Competitive Comparison of Idacorp's Cyclically Adjusted FCF per Share

For the Utilities - Regulated Electric subindustry, Idacorp'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.


Idacorp's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Idacorp's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Idacorp 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, Idacorp'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)
=-2.722/131.7762*131.7762
=-2.722

Current CPI (Mar. 2024) = 131.7762.

Idacorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.041 100.560 -0.054
201409 1.235 100.428 1.621
201412 -0.398 99.070 -0.529
201503 0.497 99.621 0.657
201506 -0.160 100.684 -0.209
201509 0.654 100.392 0.858
201512 0.077 99.792 0.102
201603 0.205 100.470 0.269
201606 0.163 101.688 0.211
201609 0.968 101.861 1.252
201612 -0.530 101.863 -0.686
201703 0.738 102.862 0.945
201706 0.051 103.349 0.065
201709 1.597 104.136 2.021
201712 0.185 104.011 0.234
201803 0.397 105.290 0.497
201806 0.646 106.317 0.801
201809 1.782 106.507 2.205
201812 0.797 105.998 0.991
201903 -0.076 107.251 -0.093
201906 0.710 108.070 0.866
201909 0.933 108.329 1.135
201912 -0.004 108.420 -0.005
202003 -0.712 108.902 -0.862
202006 0.409 108.767 0.496
202009 1.463 109.815 1.756
202012 0.107 109.897 0.128
202103 0.106 111.754 0.125
202106 0.534 114.631 0.614
202109 1.133 115.734 1.290
202112 -0.754 117.630 -0.845
202203 -0.171 121.301 -0.186
202206 -0.534 125.017 -0.563
202209 0.037 125.227 0.039
202212 -0.838 125.222 -0.882
202303 -3.844 127.348 -3.978
202306 -1.066 128.729 -1.091
202309 0.041 129.860 0.042
202312 -1.421 129.419 -1.447
202403 -2.722 131.776 -2.722

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


Idacorp  (FRA:IDJ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=85.50/0.63
=135.71

* 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 Idacorp was 272.86. The lowest was 48.11. And the median was 75.95.


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.


Idacorp Cyclically Adjusted FCF per Share Related Terms

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


Idacorp (FRA:IDJ) Business Description

Industry
Traded in Other Exchanges
Address
1221 West Idaho Street, Boise, ID, USA, 83702-5627
Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.

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