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Titan International (FRA:TZ4) Cyclically Adjusted Price-to-FCF : 22.81 (As of Jun. 03, 2024)


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

As of today (2024-06-03), Titan International's current share price is €7.30. Titan International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.32. Titan International's Cyclically Adjusted Price-to-FCF for today is 22.81.

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

FRA:TZ4' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.05   Med: 35.65   Max: 124.07
Current: 23.89

During the past years, Titan International's highest Cyclically Adjusted Price-to-FCF was 124.07. The lowest was 5.05. And the median was 35.65.

FRA:TZ4's Cyclically Adjusted Price-to-FCF is ranked better than
55.56% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 25.38 vs FRA:TZ4: 23.89

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.

Titan International's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.204. 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 €0.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Titan International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Titan 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.

Titan International Cyclically Adjusted Price-to-FCF Chart

Titan International 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 20.51 29.36 52.40 61.51 40.79

Titan 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 38.45 47.42 54.97 40.79 35.99

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

For the Farm & Heavy Construction Machinery subindustry, Titan 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.


Titan International's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Titan 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.30/0.32
=22.81

* 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.

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

For example, Titan 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)
=-0.204/131.7762*131.7762
=-0.204

Current CPI (Mar. 2024) = 131.7762.

Titan International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.150 100.560 0.197
201409 0.273 100.428 0.358
201412 0.430 99.070 0.572
201503 -0.317 99.621 -0.419
201506 0.056 100.684 0.073
201509 0.166 100.392 0.218
201512 0.345 99.792 0.456
201603 -0.080 100.470 -0.105
201606 0.272 101.688 0.352
201609 0.190 101.861 0.246
201612 -0.379 101.863 -0.490
201703 -0.366 102.862 -0.469
201706 -0.340 103.349 -0.434
201709 0.097 104.136 0.123
201712 0.069 104.011 0.087
201803 -0.589 105.290 -0.737
201806 -0.069 106.317 -0.086
201809 -0.155 106.507 -0.192
201812 -0.234 105.998 -0.291
201903 -0.370 107.251 -0.455
201906 -0.024 108.070 -0.029
201909 0.478 108.329 0.581
201912 0.061 108.420 0.074
202003 -0.037 108.902 -0.045
202006 -0.007 108.767 -0.008
202009 0.508 109.815 0.610
202012 0.027 109.897 0.032
202103 -0.334 111.754 -0.394
202106 -0.098 114.631 -0.113
202109 0.076 115.734 0.087
202112 -0.022 117.630 -0.025
202203 -0.369 121.301 -0.401
202206 0.832 125.017 0.877
202209 0.639 125.227 0.672
202212 0.652 125.222 0.686
202303 0.182 127.348 0.188
202306 0.714 128.729 0.731
202309 0.554 129.860 0.562
202312 0.295 129.419 0.300
202403 -0.204 131.776 -0.204

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.


Titan International  (FRA:TZ4) 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.


Titan International Cyclically Adjusted Price-to-FCF Related Terms

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


Titan International (FRA:TZ4) Business Description

Traded in Other Exchanges
Address
1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

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