GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Compass Diversified Holdings (NYSE:CODI) » Definitions » Cyclically Adjusted Price-to-FCF

Compass Diversified Holdings (Compass Diversified Holdings) Cyclically Adjusted Price-to-FCF : 19.17 (As of Apr. 27, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Compass Diversified Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Compass Diversified Holdings's current share price is $22.62. Compass Diversified Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.18. Compass Diversified Holdings's Cyclically Adjusted Price-to-FCF for today is 19.17.

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

CODI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.34   Med: 15.55   Max: 22.49
Current: 18.93

During the past years, Compass Diversified Holdings's highest Cyclically Adjusted Price-to-FCF was 22.49. The lowest was 10.34. And the median was 15.55.

CODI's Cyclically Adjusted Price-to-FCF is ranked worse than
51.22% of 205 companies
in the Conglomerates industry
Industry Median: 18.61 vs CODI: 18.93

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.

Compass Diversified Holdings's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.124. 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 $1.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Compass Diversified Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Compass Diversified Holdings'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.

Compass Diversified Holdings Cyclically Adjusted Price-to-FCF Chart

Compass Diversified Holdings 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 20.52 14.83 22.01 14.48 19.03

Compass Diversified Holdings 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 14.48 15.45 17.13 15.42 19.03

Competitive Comparison of Compass Diversified Holdings's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, Compass Diversified Holdings'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.


Compass Diversified Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

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

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



Compass Diversified Holdings 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.

Compass Diversified Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.62/1.18
=19.17

* 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.

Compass Diversified Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Compass Diversified Holdings'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)
=0.124/129.4194*129.4194
=0.124

Current CPI (Dec. 2023) = 129.4194.

Compass Diversified Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.200 99.695 -0.260
201406 0.277 100.560 0.356
201409 0.734 100.428 0.946
201412 0.418 99.070 0.546
201503 -0.007 99.621 -0.009
201506 0.471 100.684 0.605
201509 0.183 100.392 0.236
201512 0.622 99.792 0.807
201603 0.034 100.470 0.044
201606 0.612 101.688 0.779
201609 0.185 101.861 0.235
201612 0.763 101.863 0.969
201703 -0.169 102.862 -0.213
201706 0.441 103.349 0.552
201709 0.200 104.136 0.249
201712 0.251 104.011 0.312
201803 -0.092 105.290 -0.113
201806 0.261 106.317 0.318
201809 0.233 106.507 0.283
201812 0.824 105.998 1.006
201903 -0.240 107.251 -0.290
201906 0.145 108.070 0.174
201909 0.256 108.329 0.306
201912 0.802 108.420 0.957
202003 0.457 108.902 0.543
202006 0.776 108.767 0.923
202009 0.270 109.815 0.318
202012 0.393 109.897 0.463
202103 0.448 111.754 0.519
202106 0.990 114.631 1.118
202109 0.397 115.734 0.444
202112 -0.273 117.630 -0.300
202203 -0.633 121.301 -0.675
202206 -0.226 125.017 -0.234
202209 -0.273 125.227 -0.282
202212 -0.139 125.222 -0.144
202303 -0.007 127.348 -0.007
202306 0.087 128.729 0.087
202309 0.106 129.860 0.106
202312 0.124 129.419 0.124

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.


Compass Diversified Holdings  (NYSE:CODI) 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.


Compass Diversified Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Compass Diversified Holdings (Compass Diversified Holdings) Business Description

Traded in Other Exchanges
Address
301 Riverside Avenue, Second Floor, Westport, CT, USA, 06880
Compass Diversified Holdings is a diversified business conglomerate based in the United States having two groups: branded consumer business and niche industrial business. Branded consumer businesses are characterized as those businesses that capitalize on a valuable brand name in their respective market sector. It includes 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Niche industrial businesses are characterized as those businesses that focus on manufacturing and selling particular products and industrial services within a specific market sector. It includes Advanced Circuits, Arnold, Foam Fabricators, and Sterno. The company has operations in the United States, Canada, Europe, Asia Pacific, and other International areas.
Executives
Ryan J Faulkingham other: See Remark (a) SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880
Harold S Edwards other: See Remark (a) SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880
Teri Shaffer other: See Remark (a) 301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880
Nancy Mahon other: See Remark (a) C/O TPG PACE BENEFICIAL FINANCE CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Alexander S. Bhathal other: See Remark (a) 301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880
James Bottiglieri other: See Remark (a) 2187 ATLANTIC ST, STAMFORD CT 06902
Larry L Enterline other: See Remark (a) 2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217
Gordon M Burns other: See Remark (a) AZTAR CORPORATION, 2390 E. CAMELBACK RD., SUITE 400, PHOENIX AZ 85016
Compass Group Investments, Ltd. 10 percent owner BELVEDERE BUILDING, 69 PITTS BAY ROAD, HAMILTON HM 08 D0 00000
Patrick A Maciariello other: See Remarks (a) 301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880
Elias Sabo other: See Remarks (a) 2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217
Simon Heidi Locke other: See Remark (a) 26 KENSETT LANE, DARIEN CT 06820
Sarah Gaines Mccoy other: See Remark (a) 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203-5862
C Sean Day other: See Remark (a)
D Eugene Ewing other: See Remark (a) SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880