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ALS (ASX:ALQ) Cyclically Adjusted Price-to-FCF : 36.81 (As of May. 14, 2024)


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What is ALS Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), ALS's current share price is A$13.62. ALS's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was A$0.37. ALS's Cyclically Adjusted Price-to-FCF for today is 36.81.

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

ASX:ALQ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.31   Med: 27.72   Max: 51.16
Current: 36.15

During the past 13 years, ALS's highest Cyclically Adjusted Price-to-FCF was 51.16. The lowest was 12.31. And the median was 27.72.

ASX:ALQ's Cyclically Adjusted Price-to-FCF is ranked worse than
74.17% of 360 companies
in the Business Services industry
Industry Median: 18.68 vs ASX:ALQ: 36.15

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.

ALS's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was A$0.605. 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 A$0.37 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


ALS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ALS'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.

ALS Cyclically Adjusted Price-to-FCF Chart

ALS Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.08 17.61 29.49 40.63 33.69

ALS Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 40.63 - 33.69 -

Competitive Comparison of ALS's Cyclically Adjusted Price-to-FCF

For the Consulting Services subindustry, ALS'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.


ALS's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

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

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



ALS 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.

ALS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.62/0.37
=36.81

* 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.

ALS's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, ALS's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.605/123.1484*123.1484
=0.605

Current CPI (Mar23) = 123.1484.

ALS Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.375 97.887 0.472
201503 0.325 99.187 0.404
201603 0.209 100.488 0.256
201703 0.230 102.624 0.276
201803 0.223 104.574 0.263
201903 0.225 105.967 0.261
202003 0.284 108.289 0.323
202103 0.390 109.496 0.439
202203 0.346 115.069 0.370
202303 0.605 123.148 0.605

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.


ALS  (ASX:ALQ) 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.


ALS Cyclically Adjusted Price-to-FCF Related Terms

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


ALS (ASX:ALQ) Business Description

Industry
Traded in Other Exchanges
Address
299 Coronation Drive, Level 2, Milton, Brisbane, QLD, AUS, 4064
Founded in the 1880s and listing on the ASX in 1952, ALS operates three divisions: commodities, life sciences, and industrial. ALS commodities traditionally generated the majority of underlying earnings, providing geochemistry, metallurgy, inspection and mine site services for the global mining industry. Expansion into environmental, pharmaceutical and food testing areas and commodity price weakness have lessened earnings exposure to commodities.

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