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Sterling Infrastructure (FRA:UAO) Cyclically Adjusted FCF per Share : €2.96 (As of Mar. 2024)


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What is Sterling Infrastructure 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.

Sterling Infrastructure's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.801. 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 €2.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sterling Infrastructure's average Cyclically Adjusted FCF Growth Rate was 105.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 134.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 64.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.90% 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 Sterling Infrastructure was 134.60% per year. The lowest was -47.20% per year. And the median was -2.60% per year.

As of today (2024-06-05), Sterling Infrastructure's current stock price is €102.85. Sterling Infrastructure's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.96. Sterling Infrastructure's Cyclically Adjusted Price-to-FCF of today is 34.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sterling Infrastructure was 187.44. The lowest was 6.62. And the median was 31.93.


Sterling Infrastructure Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sterling Infrastructure'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.

Sterling Infrastructure Cyclically Adjusted FCF per Share Chart

Sterling Infrastructure 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 0.13 0.19 0.59 1.20 2.70

Sterling Infrastructure 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 1.43 1.90 2.33 2.70 2.96

Competitive Comparison of Sterling Infrastructure's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, Sterling Infrastructure'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.


Sterling Infrastructure's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sterling Infrastructure's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Sterling Infrastructure 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, Sterling Infrastructure'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)
=0.801/131.7762*131.7762
=0.801

Current CPI (Mar. 2024) = 131.7762.

Sterling Infrastructure Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.028 100.560 -0.037
201409 -0.552 100.428 -0.724
201412 0.194 99.070 0.258
201503 -0.201 99.621 -0.266
201506 -0.129 100.684 -0.169
201509 0.150 100.392 0.197
201512 0.195 99.792 0.257
201603 -0.106 100.470 -0.139
201606 0.891 101.688 1.155
201609 0.218 101.861 0.282
201612 0.297 101.863 0.384
201703 -0.183 102.862 -0.234
201706 -0.434 103.349 -0.553
201709 0.489 104.136 0.619
201712 0.538 104.011 0.682
201803 -0.730 105.290 -0.914
201806 0.354 106.317 0.439
201809 0.938 106.507 1.161
201812 0.309 105.998 0.384
201903 -0.764 107.251 -0.939
201906 0.461 108.070 0.562
201909 0.334 108.329 0.406
201912 0.823 108.420 1.000
202003 0.110 108.902 0.133
202006 1.091 108.767 1.322
202009 0.975 109.815 1.170
202012 0.567 109.897 0.680
202103 0.785 111.754 0.926
202106 1.213 114.631 1.394
202109 0.788 115.734 0.897
202112 0.474 117.630 0.531
202203 0.350 121.301 0.380
202206 0.045 125.017 0.047
202209 2.557 125.227 2.691
202212 2.056 125.222 2.164
202303 1.057 127.348 1.094
202306 3.198 128.729 3.274
202309 4.194 129.860 4.256
202312 3.827 129.419 3.897
202403 0.801 131.776 0.801

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


Sterling Infrastructure  (FRA:UAO) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=102.85/2.96
=34.75

* 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 Sterling Infrastructure was 187.44. The lowest was 6.62. And the median was 31.93.


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.


Sterling Infrastructure Cyclically Adjusted FCF per Share Related Terms

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


Sterling Infrastructure (FRA:UAO) Business Description

Traded in Other Exchanges
Address
1800 Hughes Landing Boulevard, Suite 250, The Woodlands, TX, USA, 77380
Sterling Infrastructure Inc is a construction company that specializes in heavy civil infrastructure construction and infrastructure rehabilitation as well as residential construction projects. The company operates in three reportable segments namely, Transportation Solutions, E-Infrastructure Solutions, and Building Solution. Transportation Solutions include highways, roads, bridges, airfields, ports, light rail, and others. Building Solution projects include concrete foundations for single-family homes. E-Infrastructure Solutions include the services which are provided to large, blue-chip companies in the e-commerce, data center, distribution center, and warehousing, energy, mixed-use, and multi-family sectors. The majority of the revenue is generated from E-Infrastructure Solutions. .

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