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Heidelberg Materials AG (XTER:HEI) Cyclically Adjusted Price-to-FCF : 14.63 (As of Apr. 30, 2024)


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What is Heidelberg Materials AG Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Heidelberg Materials AG's current share price is €96.40. Heidelberg Materials AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €6.59. Heidelberg Materials AG's Cyclically Adjusted Price-to-FCF for today is 14.63.

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

XTER:HEI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.86   Med: 16.09   Max: 30.29
Current: 14.45

During the past 13 years, Heidelberg Materials AG's highest Cyclically Adjusted Price-to-FCF was 30.29. The lowest was 7.86. And the median was 16.09.

XTER:HEI's Cyclically Adjusted Price-to-FCF is ranked better than
51.04% of 192 companies
in the Building Materials industry
Industry Median: 14.775 vs XTER:HEI: 14.45

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.

Heidelberg Materials AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €10.137. 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 €6.59 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heidelberg Materials AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Heidelberg Materials AG'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.

Heidelberg Materials AG Cyclically Adjusted Price-to-FCF Chart

Heidelberg Materials AG 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 16.76 13.15 11.81 9.55 12.28

Heidelberg Materials AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 11.81 - 9.55 - 12.28

Competitive Comparison of Heidelberg Materials AG's Cyclically Adjusted Price-to-FCF

For the Building Materials subindustry, Heidelberg Materials AG'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.


Heidelberg Materials AG's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Heidelberg Materials AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Heidelberg Materials AG 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.

Heidelberg Materials AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=96.40/6.59
=14.63

* 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.

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

For example, Heidelberg Materials AG'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)
=10.137/123.6675*123.6675
=10.137

Current CPI (Dec23) = 123.6675.

Heidelberg Materials AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 2.867 99.543 3.562
201512 2.882 99.717 3.574
201612 4.321 101.217 5.279
201712 5.053 102.617 6.090
201812 4.574 104.217 5.428
201912 7.463 105.818 8.722
202012 10.370 105.518 12.154
202112 4.483 110.384 5.023
202212 5.740 119.345 5.948
202312 10.137 123.668 10.137

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.


Heidelberg Materials AG  (XTER:HEI) 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.


Heidelberg Materials AG Cyclically Adjusted Price-to-FCF Related Terms

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


Heidelberg Materials AG (XTER:HEI) Business Description

Address
Berliner Strasse 6, Heidelberg, BW, DEU, 69120
Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.
Executives
Ludwig Merckle Supervisory Board
René Aldach Board of Directors
Dennis Lentz Board of Directors
Ernest Jelito Board of Directors
Christopher Ward Board of Directors
Kevin Gluskie Board of Directors
Dr. Dominik Von Achten Board of Directors