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SPX Technologies (FRA:SPW0) Cyclically Adjusted FCF per Share : €1.56 (As of Mar. 2024)


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What is SPX Technologies Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

SPX Technologies's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.012. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €1.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SPX Technologies's average Cyclically Adjusted FCF Growth Rate was 14.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 0.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -7.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -9.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of SPX Technologies was 37.40% per year. The lowest was -20.20% per year. And the median was 0.20% per year.

As of today (2024-06-05), SPX Technologies's current stock price is €125.00. SPX Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.56. SPX Technologies's Cyclically Adjusted Price-to-FCF of today is 80.13.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SPX Technologies was 85.41. The lowest was 2.58. And the median was 13.66.


SPX Technologies Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SPX Technologies's Cyclically Adjusted FCF per Share 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.

SPX Technologies Cyclically Adjusted FCF per Share Chart

SPX Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.15 1.29 1.18 1.33

SPX Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 1.34 2.16 1.91 1.33 1.56

Competitive Comparison of SPX Technologies's Cyclically Adjusted FCF per Share

For the Building Products & Equipment subindustry, SPX Technologies'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.


SPX Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, SPX Technologies's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



SPX Technologies Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, SPX Technologies'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)
=0.012/131.7762*131.7762
=0.012

Current CPI (Mar. 2024) = 131.7762.

SPX Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.900 100.560 -1.179
201409 0.884 100.428 1.160
201412 2.685 99.070 3.571
201503 -2.546 99.621 -3.368
201506 0.114 100.684 0.149
201509 -0.447 100.392 -0.587
201512 1.612 99.792 2.129
201603 -1.381 100.470 -1.811
201606 0.445 101.688 0.577
201609 -0.216 101.861 -0.279
201612 0.893 101.863 1.155
201703 -0.011 102.862 -0.014
201706 -0.420 103.349 -0.536
201709 0.051 104.136 0.065
201712 1.021 104.011 1.294
201803 -0.016 105.290 -0.020
201806 0.004 106.317 0.005
201809 0.115 106.507 0.142
201812 1.827 105.998 2.271
201903 0.136 107.251 0.167
201906 0.264 108.070 0.322
201909 0.780 108.329 0.949
201912 1.512 108.420 1.838
202003 -0.080 108.902 -0.097
202006 0.428 108.767 0.519
202009 0.479 109.815 0.575
202012 1.200 109.897 1.439
202103 1.052 111.754 1.240
202106 0.298 114.631 0.343
202109 1.305 115.734 1.486
202112 0.355 117.630 0.398
202203 -1.159 121.301 -1.259
202206 -0.883 125.017 -0.931
202209 -0.394 125.227 -0.415
202212 -0.659 125.222 -0.693
202303 -0.169 127.348 -0.175
202306 1.332 128.729 1.364
202309 0.132 129.860 0.134
202312 2.335 129.419 2.378
202403 0.012 131.776 0.012

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


SPX Technologies  (FRA:SPW0) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

SPX Technologies's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=125.00/1.56
=80.13

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SPX Technologies was 85.41. The lowest was 2.58. And the median was 13.66.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


SPX Technologies Cyclically Adjusted FCF per Share Related Terms

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


SPX Technologies (FRA:SPW0) Business Description

Industry
Traded in Other Exchanges
Address
6325 Ardrey Kell Road, Suite 400, Charlotte, NC, USA, 28277
SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through three segments. The HVAC segment designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. The Engineered Solutions segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market. The company generates almost all of its revenue from American domestic market.

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