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Manav infra projects (NSE:MANAV) Cyclically Adjusted Price-to-FCF : 9.13 (As of Jun. 02, 2024)


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What is Manav infra projects Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), Manav infra projects's current share price is ₹20.35. Manav infra projects's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was ₹2.23. Manav infra projects's Cyclically Adjusted Price-to-FCF for today is 9.13.

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

NSE:MANAV's Cyclically Adjusted Price-to-FCF is not ranked *
in the Construction industry.
Industry Median: 18.22
* Ranked among companies with meaningful Cyclically Adjusted Price-to-FCF only.

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.

Manav infra projects's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was ₹4.787. 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 ₹2.23 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manav infra projects Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Manav infra projects'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.

Manav infra projects Cyclically Adjusted Price-to-FCF Chart

Manav infra projects Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 3.96 5.25

Manav infra projects Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23
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 - - - 3.96 5.25

Competitive Comparison of Manav infra projects's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Manav infra projects'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.


Manav infra projects's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Manav infra projects's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Manav infra projects 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.

Manav infra projects's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=20.35/2.23
=9.13

* 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.

Manav infra projects's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Manav infra projects's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=4.787/146.8646*146.8646
=4.787

Current CPI (Mar23) = 146.8646.

Manav infra projects Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 5.270 91.425 8.466
201503 4.271 97.163 6.456
201603 0.151 102.518 0.216
201703 -2.914 105.196 -4.068
201803 -5.341 109.786 -7.145
201903 5.744 118.202 7.137
202003 2.566 124.705 3.022
202103 1.502 131.771 1.674
202203 1.631 138.822 1.725
202303 4.787 146.865 4.787

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.


Manav infra projects  (NSE:MANAV) 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.


Manav infra projects Cyclically Adjusted Price-to-FCF Related Terms

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Manav infra projects (NSE:MANAV) Business Description

Traded in Other Exchanges
N/A
Address
Akurli Road, 226, Gundecha Industrial - Complex, Near Growels Mall, Kandivali (East), Mumbai, MH, IND, 400101
Manav infra projects Ltd is engaged in civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work, and others.

Manav infra projects (NSE:MANAV) Headlines

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