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Ameren (FRA:AE4) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is Ameren Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ameren Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ameren'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.

Ameren Cyclically Adjusted Price-to-FCF Chart

Ameren Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ameren Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Ameren's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, Ameren'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.


Ameren's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ameren's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ameren 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.

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

For example, Ameren'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)
=-1.414/131.7762*131.7762
=-1.414

Current CPI (Mar. 2024) = 131.7762.

Ameren Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.127 100.560 -0.166
201409 0.381 100.428 0.500
201412 -0.527 99.070 -0.701
201503 -0.465 99.621 -0.615
201506 0.107 100.684 0.140
201509 0.997 100.392 1.309
201512 -0.446 99.792 -0.589
201603 -0.622 100.470 -0.816
201606 -0.341 101.688 -0.442
201609 1.038 101.861 1.343
201612 -0.140 101.863 -0.181
201703 -0.771 102.862 -0.988
201706 0.055 103.349 0.070
201709 0.881 104.136 1.115
201712 -0.514 104.011 -0.651
201803 -1.105 105.290 -1.383
201806 0.087 106.317 0.108
201809 0.957 106.507 1.184
201812 -0.481 105.998 -0.598
201903 -0.639 107.251 -0.785
201906 -0.333 108.070 -0.406
201909 0.558 108.329 0.679
201912 -0.557 108.420 -0.677
202003 -1.390 108.902 -1.682
202006 -0.749 108.767 -0.907
202009 -0.089 109.815 -0.107
202012 -3.148 109.897 -3.775
202103 -3.030 111.754 -3.573
202106 -1.317 114.631 -1.514
202109 -0.358 115.734 -0.408
202112 -1.443 117.630 -1.617
202203 -1.409 121.301 -1.531
202206 -1.043 125.017 -1.099
202209 -0.669 125.227 -0.704
202212 -0.933 125.222 -0.982
202303 -1.615 127.348 -1.671
202306 -1.073 128.729 -1.098
202309 0.562 129.860 0.570
202312 -2.098 129.419 -2.136
202403 -1.414 131.776 -1.414

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.


Ameren  (FRA:AE4) 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.


Ameren Cyclically Adjusted Price-to-FCF Related Terms

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


Ameren (FRA:AE4) Business Description

Industry
Traded in Other Exchanges
Address
1901 Chouteau Avenue, St. Louis, MO, USA, 63103
Ameren owns rate-regulated generation, transmission, and distribution networks that deliver electricity and natural gas in Missouri and Illinois. It serves more than 2.4 million electricity customers and more than 900,000 natural gas customers.

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