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Talgo (XMAD:TLGO) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is Talgo Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Talgo Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Talgo'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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Talgo Cyclically Adjusted Price-to-FCF Chart

Talgo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Talgo Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Talgo's Cyclically Adjusted Price-to-FCF

For the Railroads subindustry, Talgo'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.


Talgo's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Talgo 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.

Talgo's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Talgo's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-1.143/121.2997*121.2997
=-1.143

Current CPI (Dec23) = 121.2997.

Talgo Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -17.056 100.251 -20.637
201512 -0.298 100.268 -0.361
201612 -0.488 101.842 -0.581
201712 1.268 102.975 1.494
201812 1.041 104.193 1.212
201912 0.213 105.015 0.246
202012 -0.892 104.456 -1.036
202112 0.037 111.298 0.040
202212 -0.390 117.650 -0.402
202312 -1.143 121.300 -1.143

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.


Talgo  (XMAD:TLGO) 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.


Talgo Cyclically Adjusted Price-to-FCF Related Terms

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Talgo (XMAD:TLGO) Business Description

Industry
Traded in Other Exchanges
Address
Paseo del tren Talgo, 2, Las Matas, Madrid, ESP, 28290
Talgo SA is a Spain-based company engaged in the design and manufacture of rolling stock. It operates in three business segments: Rolling stock, which accounts for the majority of revenue; Auxiliary machines & Others; and General. The Rolling stock segment is responsible for train production, as well as for the maintenance of trains that use the company's technology. The Auxiliary Machines & Others segment provides the manufacture and technical service of lathes, as well as the sale of related spare parts. The company's product range comprises high-speed rolling stock, intercity trains, and locomotives, among others. Talgo's geographical segments are Spain, the Rest of Europe, America, the Middle East & North Africa, the Commonwealth of Independent States, and APAC.

Talgo (XMAD:TLGO) Headlines

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