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Ionics (PHS:ION) Cyclically Adjusted Price-to-FCF : 3.62 (As of May. 28, 2024)


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What is Ionics Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Ionics's current share price is ₱0.94. Ionics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱0.26. Ionics's Cyclically Adjusted Price-to-FCF for today is 3.62.

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

PHS:ION' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.45   Med: 4.87   Max: 13.7
Current: 3.5

During the past years, Ionics's highest Cyclically Adjusted Price-to-FCF was 13.70. The lowest was 2.45. And the median was 4.87.

PHS:ION's Cyclically Adjusted Price-to-FCF is ranked better than
92.75% of 207 companies
in the Conglomerates industry
Industry Median: 19.48 vs PHS:ION: 3.50

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.

Ionics's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₱0.110. 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 ₱0.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ionics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ionics'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.

Ionics Cyclically Adjusted Price-to-FCF Chart

Ionics 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 8.93 6.02 3.68 3.35 3.98

Ionics 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 3.96 6.90 5.24 3.98 4.95

Competitive Comparison of Ionics's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, Ionics'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.


Ionics's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ionics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ionics 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.94/0.26
=3.62

* 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.

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

For example, Ionics'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)
=0.11/131.7762*131.7762
=0.110

Current CPI (Mar. 2024) = 131.7762.

Ionics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.035 100.560 -0.046
201409 -0.108 100.428 -0.142
201412 0.070 99.070 0.093
201503 0.245 99.621 0.324
201506 -0.031 100.684 -0.041
201509 -0.049 100.392 -0.064
201512 0.143 99.792 0.189
201603 0.111 100.470 0.146
201606 0.009 101.688 0.012
201609 0.012 101.861 0.016
201612 0.177 101.863 0.229
201703 0.045 102.862 0.058
201706 -0.262 103.349 -0.334
201709 -0.002 104.136 -0.003
201712 -0.109 104.011 -0.138
201803 0.217 105.290 0.272
201806 0.024 106.317 0.030
201809 0.133 106.507 0.165
201812 0.275 105.998 0.342
201903 0.088 107.251 0.108
201906 0.194 108.070 0.237
201909 0.186 108.329 0.226
201912 -0.142 108.420 -0.173
202003 -0.019 108.902 -0.023
202006 -0.065 108.767 -0.079
202009 -0.066 109.815 -0.079
202012 1.000 109.897 1.199
202103 -0.221 111.754 -0.261
202106 0.212 114.631 0.244
202109 -0.144 115.734 -0.164
202112 -0.071 117.630 -0.080
202203 0.066 121.301 0.072
202206 -0.170 125.017 -0.179
202209 -0.069 125.227 -0.073
202212 0.075 125.222 0.079
202303 -0.236 127.348 -0.244
202306 0.157 128.729 0.161
202309 0.243 129.860 0.247
202312 0.173 129.419 0.176
202403 0.110 131.776 0.110

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.


Ionics  (PHS:ION) 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.


Ionics Cyclically Adjusted Price-to-FCF Related Terms

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


Ionics (PHS:ION) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Circuit Street, Light Industry and Science Park of the Philippines-I, Bo. Diezmo, Cabuyao, LAG, PHL, 4025
Ionics Inc engages in the designing and manufacturing of electronic products, plastic injection molding, property holdings, and management. The company's operating segment includes Computer Peripheral; Telecom; Automotive; Consumer Electronics; Real Estate and Others. It generates maximum revenue from the Consumer Electronics segment. The Consumer Electronics segment, designs, builds, ships, and provides logistics services for its customers in the digital media devices, digital television capture, and audio products industries. Geographically, it derives a majority of its revenue from Asia and also has a presence in Europe and North America.

Ionics (PHS:ION) Headlines