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Plug Power (Plug Power) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Plug Power Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Plug Power Cyclically Adjusted Price-to-FCF Historical Data

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

Plug Power Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Plug Power Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Plug Power's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Plug Power'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.


Plug Power's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Plug Power's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Plug Power 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.

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

For example, Plug Power'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)
=-0.712/129.4194*129.4194
=-0.712

Current CPI (Dec. 2023) = 129.4194.

Plug Power Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.069 99.695 -0.090
201406 -0.064 100.560 -0.082
201409 -0.069 100.428 -0.089
201412 -0.058 99.070 -0.076
201503 -0.080 99.621 -0.104
201506 -0.068 100.684 -0.087
201509 -0.082 100.392 -0.106
201512 -0.059 99.792 -0.077
201603 -0.114 100.470 -0.147
201606 -0.133 101.688 -0.169
201609 -0.167 101.861 -0.212
201612 -0.071 101.863 -0.090
201703 -0.175 102.862 -0.220
201706 -0.206 103.349 -0.258
201709 -0.136 104.136 -0.169
201712 0.022 104.011 0.027
201803 -0.125 105.290 -0.154
201806 -0.155 106.317 -0.189
201809 0.011 106.507 0.013
201812 -0.086 105.998 -0.105
201903 -0.175 107.251 -0.211
201906 -0.072 108.070 -0.086
201909 -0.025 108.329 -0.030
201912 -0.026 108.420 -0.031
202003 -0.219 108.902 -0.260
202006 -0.178 108.767 -0.212
202009 -0.162 109.815 -0.191
202012 -0.053 109.897 -0.062
202103 -0.254 111.754 -0.294
202106 -0.277 114.631 -0.313
202109 -0.297 115.734 -0.332
202112 -0.162 117.630 -0.178
202203 -0.511 121.301 -0.545
202206 -0.490 125.017 -0.507
202209 -0.492 125.227 -0.508
202212 -0.736 125.222 -0.761
202303 -0.775 127.348 -0.788
202306 -0.847 128.729 -0.852
202309 -0.685 129.860 -0.683
202312 -0.712 129.419 -0.712

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.


Plug Power  (NAS:PLUG) 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.


Plug Power Cyclically Adjusted Price-to-FCF Related Terms

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Plug Power (Plug Power) Business Description

Industry
Address
968 Albany Shaker Road, Latham, NY, USA, 12110
Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.
Executives
Jose Luis Crespo officer: GM, MATL Handling, Key Accts C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Mark J Bonney director 2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 74204
Patrick Joggerst director C/O BROADSOFT, INC., 9737 WASHINGTONIAN BOULEVARD, SUITE 350, GAITHERSBURG MD 20878
David Mindnich officer: EVP, Global Manufacturing C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Keith Schmidt officer: GM New Mkts & Pres New Prd Dv C/O CHELSEA THERAPEUTICS, INC., 13950 BALLANTYNE CORPORATE PL, UNIT 325, CHARLOTTE NC 28277
Jean A Bua director
Kavita Mahtani director C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Dirk Ole Hoefelmann officer: GM, Electrolyzer Solutions C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Sanjay K Shrestha officer: Chief Strategy Officer 968 ALBANY SHAKER RD, LATHAM NY 12110
Kyungyeol Song director C/O GROVE ENERGY CAPITAL LLC, 55 EAST 59TH ST. 11TH FL., NEW YORK NY 10022
Kim Harriman director C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Andrew Marsh director, officer: President & CEO 968 ALBANY SHAKER ROAD, LATHAM NY 12110
George C Mcnamee director, officer: Chairman of the Board FIRST ALBANY COMPANIES INC., 677 BROADWAY, ALBANY NY 12207-2990
Jonathan M Silver director 3027 N STREET NW, WASHINGTON DC 20007
Conway Gerard L Jr officer: General Counsel 968 ALBANY-SHAKER ROAD, LATHAM NY 12110