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James Hardie Industries (FRA:JHA) Cyclically Adjusted Price-to-FCF : 55.69 (As of May. 28, 2024)


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What is James Hardie Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), James Hardie Industries's current share price is €28.40. James Hardie Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.51. James Hardie Industries's Cyclically Adjusted Price-to-FCF for today is 55.69.

The historical rank and industry rank for James Hardie Industries's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:JHA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 36.9   Med: 65.71   Max: 101.67
Current: 55.12

During the past years, James Hardie Industries's highest Cyclically Adjusted Price-to-FCF was 101.67. The lowest was 36.90. And the median was 65.71.

FRA:JHA's Cyclically Adjusted Price-to-FCF is ranked worse than
82.47% of 194 companies
in the Building Materials industry
Industry Median: 16.285 vs FRA:JHA: 55.12

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.

James Hardie Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.092. 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 €0.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


James Hardie Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for James Hardie Industries'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.

James Hardie Industries Cyclically Adjusted Price-to-FCF Chart

James Hardie Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.85 68.32 58.50 43.02 71.63

James Hardie Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 43.02 50.73 51.00 66.50 71.63

Competitive Comparison of James Hardie Industries's Cyclically Adjusted Price-to-FCF

For the Building Materials subindustry, James Hardie Industries'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.


James Hardie Industries's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, James Hardie Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



James Hardie Industries 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.

James Hardie Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.40/0.51
=55.69

* 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.

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

For example, James Hardie Industries'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)
=0.092/120.9901*120.9901
=0.092

Current CPI (Mar. 2024) = 120.9901.

James Hardie Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.010 100.773 -0.012
201409 -0.208 100.474 -0.250
201412 -0.020 99.576 -0.024
201503 0.082 99.975 0.099
201506 0.072 100.573 0.087
201509 0.014 100.274 0.017
201512 0.216 99.676 0.262
201603 0.078 99.676 0.095
201606 0.194 101.072 0.232
201609 -0.004 100.274 -0.005
201612 0.240 99.676 0.291
201703 0.155 100.374 0.187
201706 0.071 100.673 0.085
201709 0.075 100.474 0.090
201712 0.092 100.075 0.111
201803 -0.045 100.573 -0.054
201806 0.077 101.072 0.092
201809 0.009 101.371 0.011
201812 0.067 100.773 0.080
201903 -0.183 101.670 -0.218
201906 0.154 102.168 0.182
201909 0.105 102.268 0.124
201912 0.204 102.068 0.242
202003 0.052 102.367 0.061
202006 0.323 101.769 0.384
202009 0.401 101.072 0.480
202012 0.423 101.072 0.506
202103 0.141 102.367 0.167
202106 0.262 103.364 0.307
202109 0.207 104.859 0.239
202112 0.257 106.653 0.292
202203 0.246 109.245 0.272
202206 -0.043 112.779 -0.046
202209 -0.057 113.504 -0.061
202212 0.057 115.436 0.060
202303 0.073 117.609 0.075
202306 0.264 119.662 0.267
202309 0.212 120.749 0.212
202312 0.408 120.749 0.409
202403 0.092 120.990 0.092

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.


James Hardie Industries  (FRA:JHA) 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.


James Hardie Industries Cyclically Adjusted Price-to-FCF Related Terms

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James Hardie Industries (FRA:JHA) Business Description

Traded in Other Exchanges
Address
Harcourt Street, Europa House, 2nd Floor, Harcourt Centre, Dublin, IRL, D02 WR20
James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for siding. Asia-Pacific businesses in Australia, New Zealand, and the Philippines, as well as Europe, make up the rest of earnings. In 2018, the group acquired Fermacell, a fiber gypsum building products business headquartered in Germany with operations throughout Europe.

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