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Haynes International (FRA:HYVN) Cyclically Adjusted Price-to-FCF : (As of May. 31, 2024)


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What is Haynes International Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Haynes International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Haynes International'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.

Haynes International Cyclically Adjusted Price-to-FCF Chart

Haynes International Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.42 20.01 37.28 97.14 -

Haynes International 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 567.84 282.47 - - -

Competitive Comparison of Haynes International's Cyclically Adjusted Price-to-FCF

For the Metal Fabrication subindustry, Haynes International'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.


Haynes International's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Haynes International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Haynes International 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.

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

For example, Haynes International'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)
=2.116/131.7762*131.7762
=2.116

Current CPI (Mar. 2024) = 131.7762.

Haynes International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.449 100.560 -0.588
201409 -0.221 100.428 -0.290
201412 -0.265 99.070 -0.352
201503 0.859 99.621 1.136
201506 1.256 100.684 1.644
201509 0.362 100.392 0.475
201512 0.230 99.792 0.304
201603 0.117 100.470 0.153
201606 -0.033 101.688 -0.043
201609 1.304 101.861 1.687
201612 0.580 101.863 0.750
201703 -0.462 102.862 -0.592
201706 -0.263 103.349 -0.335
201709 -0.346 104.136 -0.438
201712 -0.642 104.011 -0.813
201803 -0.910 105.290 -1.139
201806 0.028 106.317 0.035
201809 -0.128 106.507 -0.158
201812 0.341 105.998 0.424
201903 0.128 107.251 0.157
201906 1.005 108.070 1.225
201909 0.879 108.329 1.069
201912 0.341 108.420 0.414
202003 -0.581 108.902 -0.703
202006 1.127 108.767 1.365
202009 0.972 109.815 1.166
202012 1.140 109.897 1.367
202103 0.785 111.754 0.926
202106 0.459 114.631 0.528
202109 -1.275 115.734 -1.452
202112 -1.910 117.630 -2.140
202203 -1.264 121.301 -1.373
202206 -1.862 125.017 -1.963
202209 -2.063 125.227 -2.171
202212 0.942 125.222 0.991
202303 -2.899 127.348 -3.000
202306 0.662 128.729 0.678
202309 -1.119 129.860 -1.136
202312 -0.746 129.419 -0.760
202403 2.116 131.776 2.116

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.


Haynes International  (FRA:HYVN) 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.


Haynes International Cyclically Adjusted Price-to-FCF Related Terms

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Haynes International (FRA:HYVN) Business Description

Traded in Other Exchanges
Address
1020 West Park Avenue, Kokomo, IN, USA, 46904-9013
Haynes International Inc is a producer of high-performance nickel and cobalt-based alloys. The company is focused on developing, manufacturing, marketing, and distributing technology and high-performance alloys. The company operates in a single segment: the design, manufacture, marketing, and distribution of technologically advanced, high-performance alloys for use in the aerospace, industrial gas turbine, chemical processing, and other industries Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, China, and other countries.

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