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Ameresco (LTS:0A70) Cyclically Adjusted FCF per Share : $-18.43 (As of Mar. 2024)


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What is Ameresco 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.

Ameresco's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-1.743. 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 $-18.43 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -23.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -25.30% 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 Ameresco was -23.20% per year. The lowest was -25.00% per year. And the median was -23.80% per year.

As of today (2024-06-07), Ameresco's current stock price is $35.4429. Ameresco's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $-18.43. Ameresco's Cyclically Adjusted Price-to-FCF of today is .


Ameresco Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ameresco'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.

Ameresco Cyclically Adjusted FCF per Share Chart

Ameresco 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 - - -3.15 -6.18 -13.46

Ameresco 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 -7.20 -7.95 -10.73 -13.46 -18.43

Competitive Comparison of Ameresco's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, Ameresco'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.


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

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

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



Ameresco 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, Ameresco'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)
=-1.743/131.7762*131.7762
=-1.743

Current CPI (Mar. 2024) = 131.7762.

Ameresco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 -0.510 100.428 -0.669
201412 0.063 99.070 0.084
201503 -0.608 99.621 -0.804
201506 -0.485 100.684 -0.635
201509 -0.257 100.392 -0.337
201512 -0.808 99.792 -1.067
201603 -0.516 100.470 -0.677
201606 -0.825 101.688 -1.069
201609 -0.701 101.861 -0.907
201612 -0.727 101.863 -0.940
201703 -1.352 102.862 -1.732
201706 -0.931 103.349 -1.187
201709 -1.246 104.136 -1.577
201712 -1.367 104.011 -1.732
201803 -1.571 105.290 -1.966
201806 -0.976 106.317 -1.210
201809 -0.439 106.507 -0.543
201812 -0.934 105.998 -1.161
201903 -1.736 107.251 -2.133
201906 -1.590 108.070 -1.939
201909 -0.850 108.329 -1.034
201912 -2.884 108.420 -3.505
202003 -1.667 108.902 -2.017
202006 -1.470 108.767 -1.781
202009 -1.204 109.815 -1.445
202012 -1.491 109.897 -1.788
202103 -1.891 111.754 -2.230
202106 -2.036 114.631 -2.341
202109 -1.215 115.734 -1.383
202112 -1.690 117.630 -1.893
202203 -6.224 121.301 -6.761
202206 -1.999 125.017 -2.107
202209 -0.661 125.227 -0.696
202212 -3.576 125.222 -3.763
202303 -0.624 127.348 -0.646
202306 -5.086 128.729 -5.206
202309 -3.653 129.860 -3.707
202312 -2.318 129.419 -2.360
202403 -1.743 131.776 -1.743

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


Ameresco  (LTS:0A70) 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.


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.


Ameresco Cyclically Adjusted FCF per Share Related Terms

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


Ameresco (LTS:0A70) Business Description

Industry
Traded in Other Exchanges
Address
111 Speen Street, Suite 410, Framingham, MA, USA, 01701
Ameresco Inc provides energy efficiency solutions for facilities in North America and Europe. It focuses on projects that reduce energy, also focuses on the operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The company's segment includes U.S. Regions; U.S. Federal; Canada; Alternative Fuels; Non-Solar DG and All Other. It derives a majority of revenue from the U.S. Regions segment.

Ameresco (LTS:0A70) Headlines

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