GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PLC SpA (CHIX:PLCm) » Definitions » Cyclically Adjusted Price-to-FCF

PLC SpA (CHIX:PLCM) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


View and export this data going back to 2014. Start your Free Trial

What is PLC SpA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


PLC SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PLC SpA'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.

PLC SpA Cyclically Adjusted Price-to-FCF Chart

PLC SpA 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 - - - - -

PLC SpA Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - - - - -

Competitive Comparison of PLC SpA's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, PLC SpA'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.


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

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

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



PLC SpA 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.

PLC SpA's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, PLC SpA's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.17/119.7000*119.7000
=0.170

Current CPI (Dec23) = 119.7000.

PLC SpA Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -3.290 99.721 -3.949
201512 -0.719 99.814 -0.862
201612 -16.553 100.300 -19.755
201712 19.119 101.200 22.614
201812 0.159 102.300 0.186
201912 -0.269 102.800 -0.313
202012 -0.036 102.600 -0.042
202112 -0.131 106.600 -0.147
202212 -0.025 119.000 -0.025
202312 0.170 119.700 0.170

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.


PLC SpA  (CHIX:PLCm) 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.


PLC SpA Cyclically Adjusted Price-to-FCF Related Terms

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


PLC SpA (CHIX:PLCM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PLC SpA (CHIX:PLCm) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Via Lanzone 31, Milan, ITA, 20123
PLC SpA is engaged in the designing, installation, and maintenance of electrical infrastructures and renewable energy plants. The company constructs turnkey plants for the production of electrical energy from renewable sources; and monitors and maintains electrical power grids, transformers, and accessory plants of wind farms and photovoltaic plants, as well as offers installation, maintenance, and repair services for inverters.

PLC SpA (CHIX:PLCM) Headlines

From GuruFocus

Polycom Is Struggling On Top-Line Growth

By rusticnomad rusticnomad 05-18-2015

Polycom Inc. Reports Operating Results (10-Q)

By gurufocus 10qk 07-30-2010

George Soros Buys New Holding: Polycom Inc.

By Holly LaFon Holly LaFon 02-04-2014

Polycom Inc. Reports Operating Results (10-Q)

By gurufocus 10qk 11-02-2010

Leon Cooperman - Is Polycom a Risk?

By Sally Jones Sally Jones 03-19-2013

Weekly Guru Bargains Highlights: PLCM, ITT, NOK, IAG, EDMC

By GuruGocus GuruGocus 04-23-2012

Polycom Inc. (PLCM) Sr. VP,CFO Michael R Kourey sells 25,000 Shares

By GuruFocus Research GuruFocus Editor 10-27-2009

Polycom Inc. Reports Operating Results (10-Q)

By gurufocus 10qk 05-04-2010

Polycom Inc. Reports Operating Results (10-Q)

By gurufocus 08-01-2009