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FirstEnergy (FirstEnergy) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is FirstEnergy Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


FirstEnergy Cyclically Adjusted Price-to-FCF Historical Data

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

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

For the Utilities - Regulated Electric subindustry, FirstEnergy'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.


FirstEnergy's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, FirstEnergy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



FirstEnergy 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.

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

For example, FirstEnergy'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)
=-1.441/129.4194*129.4194
=-1.441

Current CPI (Mar. 2024) = 129.4194.

FirstEnergy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.658 100.560 -0.847
201409 0.976 100.428 1.258
201412 0.005 99.070 0.007
201503 -1.265 99.621 -1.643
201506 -0.137 100.684 -0.176
201509 1.849 100.392 2.384
201512 0.878 99.792 1.139
201603 -0.462 100.470 -0.595
201606 -0.026 101.688 -0.033
201609 1.052 101.861 1.337
201612 0.175 101.863 0.222
201703 0.146 102.862 0.184
201706 0.065 103.349 0.081
201709 1.491 104.136 1.853
201712 0.468 104.011 0.582
201803 -3.061 105.290 -3.763
201806 -0.276 106.317 -0.336
201809 0.418 106.507 0.508
201812 0.231 105.998 0.282
201903 -1.381 107.251 -1.666
201906 0.250 108.070 0.299
201909 0.790 108.329 0.944
201912 -0.042 108.420 -0.050
202003 -2.166 108.902 -2.574
202006 0.063 108.767 0.075
202009 0.026 109.815 0.031
202012 -0.195 109.897 -0.230
202103 -0.131 111.754 -0.152
202106 0.352 114.631 0.397
202109 0.394 115.734 0.441
202112 0.055 117.630 0.061
202203 -0.322 121.301 -0.344
202206 0.491 125.017 0.508
202209 -0.196 125.227 -0.203
202212 -0.101 125.222 -0.104
202303 -1.328 127.348 -1.350
202306 -1.516 128.729 -1.524
202309 -0.359 129.860 -0.358
202312 1.669 129.419 1.669
202403 -1.441 129.419 -1.441

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.


FirstEnergy  (NYSE:FE) 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.


FirstEnergy Cyclically Adjusted Price-to-FCF Related Terms

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


FirstEnergy (FirstEnergy) Business Description

Industry
Traded in Other Exchanges
Address
76 South Main Street, Akron, OH, USA, 44308
FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.
Executives
Christine Walker officer: VP, Human Resources 76 SOUTH MAIN STREET, AKRON OH 44308
Brian X Tierney director, officer: President and CEO 76 S. MAIN ST., AKRON OH 44308
Jana T Croom director 1205 KIMBALL BLVD., JASPER IN 47546
Sean Klimczak director C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Paul J Kaleta director P O BOX 30150, RENO NV 89520
Lisa Winston Hicks director 76 S. MAIN ST, AKRON OH 44308
Melvin D. Williams director 76 SOUTH MAIN STREET, AKRON OH 44308
Jesse Lynn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Andrew Teno director C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Somerhalder John W Ii director, officer: Vice Chair & Exec Director 76 SOUTH MAIN STREET, AKRON OH 44308
Hyun Park officer: SVP & CLO 76 SOUTH MAIN STREET, AKRON OH 44308
Christopher D Pappas director C/O 76 SOUTH MAIN STREET, AKRON OH 44308
Leila L Vespoli officer: Sr. Vice Pres & Gen. Counsel C/O FIRSTENERGY CORP, 76 SOUTH MAIN STREET, AKRON OH 44308
James F Pearson officer: Treasurer 76 SOUTH MAIN STREET, AKRON OH 44308
Leslie M Turner director THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17036