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J M AB (LTS:0MI3) Cyclically Adjusted Price-to-FCF : (As of Jun. 02, 2024)


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What is J M AB Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


J M AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for J M AB'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.

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J M AB Cyclically Adjusted Price-to-FCF Chart

J M AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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J M AB 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 J M AB's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, J M AB'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.


J M AB's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, J M AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



J M AB 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.

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

For example, J M AB'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)
=-14.138/132.2054*132.2054
=-14.138

Current CPI (Mar. 2024) = 132.2054.

J M AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 6.887 100.432 9.066
201409 4.541 100.161 5.994
201412 4.456 100.225 5.878
201503 -3.609 99.950 -4.774
201506 8.772 99.995 11.598
201509 -2.586 100.228 -3.411
201512 -5.714 100.276 -7.533
201603 8.167 100.751 10.717
201606 12.141 101.019 15.889
201609 1.407 101.138 1.839
201612 -0.240 102.022 -0.311
201703 12.933 102.022 16.759
201706 5.644 102.752 7.262
201709 11.390 103.279 14.580
201712 -29.656 103.793 -37.774
201803 -11.003 103.962 -13.992
201806 -17.363 104.875 -21.888
201809 -6.519 105.679 -8.155
201812 -48.333 105.912 -60.332
201903 -1.530 105.886 -1.910
201906 -6.604 106.742 -8.179
201909 -17.132 107.214 -21.125
201912 -11.021 107.766 -13.520
202003 -8.102 106.563 -10.052
202006 5.769 107.498 7.095
202009 -9.954 107.635 -12.226
202012 9.725 108.296 11.872
202103 -1.538 108.360 -1.876
202106 -0.772 108.928 -0.937
202109 -14.578 110.338 -17.467
202112 3.088 112.486 3.629
202203 -4.433 114.825 -5.104
202206 -9.057 118.384 -10.114
202209 -7.048 122.296 -7.619
202212 -7.870 126.365 -8.234
202303 17.203 127.042 17.902
202306 -6.063 129.407 -6.194
202309 -5.939 130.224 -6.029
202312 11.146 131.912 11.171
202403 -14.138 132.205 -14.138

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.


J M AB  (LTS:0MI3) 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.


J M AB Cyclically Adjusted Price-to-FCF Related Terms

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J M AB (LTS:0MI3) Business Description

Traded in Other Exchanges
Address
Gustav III:S boulevard 64, Solna, Stockholm, SWE, SE-169 82
J M AB is a Nordic residential construction developer. It is focused on apartments and townhomes in metropolitan areas and university towns across Sweden, Norway, and Finland. The company has five operating segments; JM RESIDENTIAL STOCKHOLM; which develops residential projects in Greater Stockholm, JM RESIDENTIAL SWEDEN; which develops residential projects in growth areas in Sweden, excluding Greater Stockholm, JM INTERNATIONAL; develops residential projects in Norway and Finland, JM PROPERTY DEVELOPMENT; develops rental units, residential care units and commercial properties in Greater Stockholm, JM CONSTRUCTION; carries out construction work for external and internal customers in the Greater Stockholm area.

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