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P A Nova (WAR:NVA) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is P A Nova Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


P A Nova Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for P A Nova'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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P A Nova Cyclically Adjusted Price-to-FCF Chart

P A Nova Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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P A Nova 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 P A Nova's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, P A Nova'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.


P A Nova's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, P A Nova's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



P A Nova 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.

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

For example, P A Nova'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)
=-0.336/149.0435*149.0435
=-0.336

Current CPI (Mar. 2024) = 149.0435.

P A Nova Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.450 101.180 2.136
201409 0.309 100.611 0.458
201412 -3.199 100.122 -4.762
201503 -3.870 100.041 -5.766
201506 -2.620 100.448 -3.888
201509 0.681 99.634 1.019
201512 -7.225 99.471 -10.826
201603 1.818 98.983 2.737
201606 1.705 99.552 2.553
201609 0.436 99.064 0.656
201612 -3.578 100.366 -5.313
201703 1.043 101.018 1.539
201706 0.526 101.180 0.775
201709 0.788 101.343 1.159
201712 0.440 102.564 0.639
201803 -0.611 102.564 -0.888
201806 0.857 103.378 1.236
201809 -1.057 103.378 -1.524
201812 -1.536 103.785 -2.206
201903 0.840 104.274 1.201
201906 1.363 105.983 1.917
201909 -0.110 105.983 -0.155
201912 -2.931 107.123 -4.078
202003 -0.607 109.076 -0.829
202006 3.149 109.402 4.290
202009 1.118 109.320 1.524
202012 1.785 109.565 2.428
202103 -0.699 112.658 -0.925
202106 -1.016 113.960 -1.329
202109 1.967 115.588 2.536
202112 -1.475 119.088 -1.846
202203 -1.089 125.031 -1.298
202206 -1.326 131.705 -1.501
202209 -0.768 135.531 -0.845
202212 3.588 139.113 3.844
202303 0.080 145.950 0.082
202306 3.814 147.009 3.867
202309 -0.238 146.113 -0.243
202312 0.328 147.741 0.331
202403 -0.336 149.044 -0.336

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.


P A Nova  (WAR:NVA) 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.


P A Nova Cyclically Adjusted Price-to-FCF Related Terms

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P A Nova (WAR:NVA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
ul. Upper Ramparts 42, Gliwice, POL, 44-100
P A Nova SA is a Poland based company engaged in offering services in the implementation of construction projects. Its portfolio includes commercial properties for retail chains, industrial halls, warehouses, petrol stations, shopping centres and commercial parks, bus and train stations, schools, sports fields, houses, and roads.

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