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Caesarstone (FRA:19C) Cyclically Adjusted Price-to-FCF : 7.88 (As of Jun. 08, 2024)


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What is Caesarstone Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Caesarstone's current share price is €5.20. Caesarstone's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.66. Caesarstone's Cyclically Adjusted Price-to-FCF for today is 7.88.

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

FRA:19C' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.21   Med: 11.57   Max: 18.71
Current: 7.83

During the past years, Caesarstone's highest Cyclically Adjusted Price-to-FCF was 18.71. The lowest was 5.21. And the median was 11.57.

FRA:19C's Cyclically Adjusted Price-to-FCF is ranked better than
78.14% of 581 companies
in the Construction industry
Industry Median: 17.76 vs FRA:19C: 7.83

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 €0.158. 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 €0.66 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
=5.20/0.66
=7.88

* 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)
=0.158/131.7762*131.7762
=0.158

Current CPI (Mar. 2024) = 131.7762.

Caesarstone Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.262 100.560 -0.343
201409 0.060 100.428 0.079
201412 -0.022 99.070 -0.029
201503 -0.447 99.621 -0.591
201506 -0.163 100.684 -0.213
201509 0.441 100.392 0.579
201512 0.396 99.792 0.523
201603 0.118 100.470 0.155
201606 0.438 101.688 0.568
201609 0.694 101.861 0.898
201612 0.827 101.863 1.070
201703 0.354 102.862 0.454
201706 0.241 103.349 0.307
201709 0.261 104.136 0.330
201712 0.131 104.011 0.166
201803 -0.592 105.290 -0.741
201806 -0.076 106.317 -0.094
201809 -0.176 106.507 -0.218
201812 0.739 105.998 0.919
201903 0.029 107.251 0.036
201906 0.330 108.070 0.402
201909 0.475 108.329 0.578
201912 0.716 108.420 0.870
202003 -0.134 108.902 -0.162
202006 -0.058 108.767 -0.070
202009 0.618 109.815 0.742
202012 0.239 109.897 0.287
202103 -0.062 111.754 -0.073
202106 0.317 114.631 0.364
202109 -0.374 115.734 -0.426
202112 -0.159 117.630 -0.178
202203 -0.754 121.301 -0.819
202206 -0.210 125.017 -0.221
202209 -0.021 125.227 -0.022
202212 -0.111 125.222 -0.117
202303 0.135 127.348 0.140
202306 0.419 128.729 0.429
202309 0.649 129.860 0.659
202312 0.285 129.419 0.290
202403 0.158 131.776 0.158

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  (FRA:19C) 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 (FRA:19C) 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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