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Beazer Homes USA (Beazer Homes USA) Cyclically Adjusted Price-to-FCF : 17.04 (As of Apr. 27, 2024)


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What is Beazer Homes USA Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Beazer Homes USA's current share price is $28.45. Beazer Homes USA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.67. Beazer Homes USA's Cyclically Adjusted Price-to-FCF for today is 17.04.

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

BZH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.63   Med: 4.75   Max: 137
Current: 17.06

During the past years, Beazer Homes USA's highest Cyclically Adjusted Price-to-FCF was 137.00. The lowest was 0.63. And the median was 4.75.

BZH's Cyclically Adjusted Price-to-FCF is ranked worse than
58.33% of 48 companies
in the Homebuilding & Construction industry
Industry Median: 16.085 vs BZH: 17.06

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.

Beazer Homes USA's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-7.460. 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 $1.67 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beazer Homes USA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Beazer Homes USA'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.

Beazer Homes USA Cyclically Adjusted Price-to-FCF Chart

Beazer Homes USA Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 34.39 13.81

Beazer Homes USA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 27.70 19.34 17.18 13.81 20.26

Competitive Comparison of Beazer Homes USA's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, Beazer Homes USA'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.


Beazer Homes USA's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Beazer Homes USA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Beazer Homes USA 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.

Beazer Homes USA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.45/1.67
=17.04

* 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.

Beazer Homes USA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Beazer Homes USA's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-7.46/129.4194*129.4194
=-7.460

Current CPI (Dec. 2023) = 129.4194.

Beazer Homes USA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -3.065 99.695 -3.979
201406 -3.932 100.560 -5.060
201409 4.547 100.428 5.860
201412 -6.632 99.070 -8.664
201503 -1.319 99.621 -1.714
201506 -1.242 100.684 -1.596
201509 4.681 100.392 6.034
201512 -2.528 99.792 -3.279
201603 0.459 100.470 0.591
201606 0.796 101.688 1.013
201609 6.015 101.861 7.642
201612 -2.060 101.863 -2.617
201703 -0.376 102.862 -0.473
201706 0.901 103.349 1.128
201709 4.162 104.136 5.173
201712 -3.305 104.011 -4.112
201803 -0.564 105.290 -0.693
201806 -0.703 106.317 -0.856
201809 5.747 106.507 6.983
201812 -1.904 105.998 -2.325
201903 -1.091 107.251 -1.317
201906 -0.526 108.070 -0.630
201909 6.832 108.329 8.162
201912 -2.892 108.420 -3.452
202003 1.193 108.902 1.418
202006 3.466 108.767 4.124
202009 7.630 109.815 8.992
202012 -2.577 109.897 -3.035
202103 4.010 111.754 4.644
202106 0.805 114.631 0.909
202109 -1.659 115.734 -1.855
202112 -2.627 117.630 -2.890
202203 0.532 121.301 0.568
202206 -3.608 125.017 -3.735
202209 7.857 125.227 8.120
202212 -2.954 125.222 -3.053
202303 4.001 127.348 4.066
202306 1.596 128.729 1.605
202309 2.449 129.860 2.441
202312 -7.460 129.419 -7.460

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.


Beazer Homes USA  (NYSE:BZH) 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.


Beazer Homes USA Cyclically Adjusted Price-to-FCF Related Terms

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


Beazer Homes USA (Beazer Homes USA) Business Description

Traded in Other Exchanges
Address
2002 Summit Boulevard NE, 15th Floor, Atlanta, GA, USA, 30319
Beazer Homes USA Inc is an construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in over 13 states and over 22 metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the leading sources of revenue for the company. Key metro areas include Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.
Executives
Lloyd Emerson Johnson director 16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277
Robert L. Salomon officer: EVP, Chief Financial Officer 5535 LEXINGTON WOODS LANE, ALPHARETTA GA 30005
Pei Sun officer: VP & Chief Accounting Officer 1000 ABERNATHY ROAD, SUITE 260, ATLANTA GA 30328
C Christian Winkle director ONE RAVINIA DRIVE, STE 1500, ATLANTA GA 30346
David I Goldberg officer: SVP, Chief Financial Officer 1000 ABERNATHY ROAD, NE, SUITE 260, ATLANTA GA 30328
Zelnak Stephen P Jr director MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607
David J Spitz director C/O CHANNELADVISOR CORPORATION, 2701 AERIAL CENTER PARKWAY, MORRISVILLE NC 27568
Allan P Merrill director, officer: President and CEO BEAZER HOMES, 1000 ABERNATHY RD, SUITE 1200, ATLANTA GA 30328
Danny R Shepherd director VULCAN MATERIALS COMPANY, 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Belknap Keith L Jr officer: EVP, General Counsel 3585 ENGINEERING DRIVE, SUITE 100, NORCROSS GA 30092
Larry T Solari director
Brian C Beazer director C/O NUMEREX, 1600 PARKWOOD CIRCLE #200, ATLANTA GA 30339-2119
Peter M Orser director 1000 ABERNATHY ROAD, SUITE 260, ATLANTA GA 30328
Elizabeth S Acton director 5408 WALDENHILL COURT, SUPERIOR TOWNSHIP MI 48198
Laurent Alpert director