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Technos (BSP:TECN3) Cyclically Adjusted Price-to-FCF : 7.19 (As of May. 17, 2024)


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What is Technos Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Technos's current share price is R$4.60. Technos's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$0.64. Technos's Cyclically Adjusted Price-to-FCF for today is 7.19.

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

BSP:TECN3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.26   Med: 5.73   Max: 9.24
Current: 6.91

During the past years, Technos's highest Cyclically Adjusted Price-to-FCF was 9.24. The lowest was 3.26. And the median was 5.73.

BSP:TECN3's Cyclically Adjusted Price-to-FCF is ranked better than
74.02% of 435 companies
in the Retail - Cyclical industry
Industry Median: 12.84 vs BSP:TECN3: 6.91

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.

Technos's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$0.325. 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 R$0.64 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Technos Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Technos'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.

Technos Cyclically Adjusted Price-to-FCF Chart

Technos Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.88 5.23 4.44 5.47

Technos Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.44 5.52 5.89 5.67 5.47

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

For the Luxury Goods subindustry, Technos'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.


Technos's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Technos's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Technos 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.60/0.64
=7.19

* 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.

Technos's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Technos's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.325/157.1481*157.1481
=0.325

Current CPI (Dec. 2023) = 157.1481.

Technos Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.325 90.447 0.565
201406 0.157 91.838 0.269
201409 0.336 92.602 0.570
201412 0.107 94.194 0.179
201503 0.416 97.799 0.668
201506 0.265 100.006 0.416
201509 -0.071 101.392 -0.110
201512 -0.064 104.247 -0.096
201603 0.323 106.979 0.474
201606 0.116 108.851 0.167
201609 0.137 109.986 0.196
201612 -0.069 110.802 -0.098
201703 0.097 111.869 0.136
201706 0.140 112.115 0.196
201709 -0.213 112.777 -0.297
201712 0.047 114.068 0.065
201803 0.164 114.868 0.224
201806 0.108 117.038 0.145
201809 0.100 117.881 0.133
201812 0.391 118.340 0.519
201903 0.040 120.124 0.052
201906 -0.141 120.977 -0.183
201909 0.009 121.292 0.012
201912 0.024 123.436 0.031
202003 -0.288 124.092 -0.365
202006 0.052 123.557 0.066
202009 0.099 125.095 0.124
202012 0.264 129.012 0.322
202103 0.397 131.660 0.474
202106 0.085 133.871 0.100
202109 0.092 137.913 0.105
202112 -0.094 141.992 -0.104
202203 0.006 146.537 0.006
202206 -0.171 149.784 -0.179
202209 0.304 147.800 0.323
202212 0.379 150.207 0.397
202303 0.259 153.352 0.265
202306 0.194 154.519 0.197
202309 0.178 155.464 0.180
202312 0.325 157.148 0.325

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.


Technos  (BSP:TECN3) 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.


Technos Cyclically Adjusted Price-to-FCF Related Terms

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


Technos (BSP:TECN3) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Avenida das Américas No. 3443, Room 101, Block 4, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22631003
Technos SA is primarily engaged in the manufacture and marketing of watches. The company produces and sells watches to middle class under brand name Technos, Mormii and Seiko. It acquired the rights to distribute and use the Timex brand exclusively throughout the national territory. In addition, the company also distribute brand name called Allora and Touch in the fashion segment. It derives most of its revenues from the sale of the watches and yarn and has operations spread across Brazil.

Technos (BSP:TECN3) Headlines

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