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Caesarstone (Caesarstone) Cyclically Adjusted Price-to-FCF : 8.15 (As of May. 21, 2024)


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What is Caesarstone Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), Caesarstone's current share price is $5.95. Caesarstone's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.73. Caesarstone's Cyclically Adjusted Price-to-FCF for today is 8.15.

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

CSTE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.21   Med: 11.7   Max: 18.71
Current: 8.18

During the past years, Caesarstone's highest Cyclically Adjusted Price-to-FCF was 18.71. The lowest was 5.21. And the median was 11.70.

CSTE's Cyclically Adjusted Price-to-FCF is ranked better than
75.34% of 580 companies
in the Construction industry
Industry Median: 18.005 vs CSTE: 8.18

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.

Caesarstone's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.172. 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 $0.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caesarstone Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Caesarstone'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.

Caesarstone Cyclically Adjusted Price-to-FCF Chart

Caesarstone 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 - 14.37 13.37 8.17 5.32

Caesarstone Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.80 7.19 6.01 5.32 5.60

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

For the Building Products & Equipment subindustry, Caesarstone'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.


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

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

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



Caesarstone 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.95/0.73
=8.15

* 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.

Caesarstone's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Caesarstone'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)
=0.172/131.7762*131.7762
=0.172

Current CPI (Mar. 2024) = 131.7762.

Caesarstone Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.356 100.560 -0.467
201409 0.077 100.428 0.101
201412 -0.027 99.070 -0.036
201503 -0.483 99.621 -0.639
201506 -0.183 100.684 -0.240
201509 0.495 100.392 0.650
201512 0.431 99.792 0.569
201603 0.132 100.470 0.173
201606 0.492 101.688 0.638
201609 0.779 101.861 1.008
201612 0.873 101.863 1.129
201703 0.378 102.862 0.484
201706 0.270 103.349 0.344
201709 0.311 104.136 0.394
201712 0.155 104.011 0.196
201803 -0.729 105.290 -0.912
201806 -0.089 106.317 -0.110
201809 -0.206 106.507 -0.255
201812 0.840 105.998 1.044
201903 0.033 107.251 0.041
201906 0.373 108.070 0.455
201909 0.523 108.329 0.636
201912 0.795 108.420 0.966
202003 -0.148 108.902 -0.179
202006 -0.065 108.767 -0.079
202009 0.728 109.815 0.874
202012 0.291 109.897 0.349
202103 -0.074 111.754 -0.087
202106 0.382 114.631 0.439
202109 -0.440 115.734 -0.501
202112 -0.180 117.630 -0.202
202203 -0.831 121.301 -0.903
202206 -0.222 125.017 -0.234
202209 -0.020 125.227 -0.021
202212 -0.117 125.222 -0.123
202303 0.145 127.348 0.150
202306 0.454 128.729 0.465
202309 0.693 129.860 0.703
202312 0.311 129.419 0.317
202403 0.172 131.776 0.172

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.


Caesarstone  (NAS:CSTE) 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.


Caesarstone Cyclically Adjusted Price-to-FCF Related Terms

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


Caesarstone (Caesarstone) Business Description

Industry
Traded in Other Exchanges
Address
Kibbutz Sdot-Yam, MP Menashe, ISR, 3780400
Caesarstone Ltd manufactures engineered quartz surfaces. Its products primarily include engineered quartz and porcelain slabs, which are used as kitchen countertops in renovation and remodeling, and residential construction. It also has other applications, including vanity tops, wall panels, backsplashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications. The company sells its products under the Caesarstone brand. Caesarstone's geographical segments are the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA(Europe, Middle East, Africa).

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