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NCC AB (FRA:NCGB) Cyclically Adjusted Price-to-FCF : 12.80 (As of Jun. 04, 2024)


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What is NCC AB Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), NCC AB's current share price is €11.78. NCC AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.92. NCC AB's Cyclically Adjusted Price-to-FCF for today is 12.80.

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

FRA:NCGB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.78   Med: 11.68   Max: 20.86
Current: 12.76

During the past years, NCC AB's highest Cyclically Adjusted Price-to-FCF was 20.86. The lowest was 6.78. And the median was 11.68.

FRA:NCGB's Cyclically Adjusted Price-to-FCF is ranked better than
63.29% of 583 companies
in the Construction industry
Industry Median: 17.99 vs FRA:NCGB: 12.76

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.

NCC AB's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.027. 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 €0.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NCC AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NCC AB'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.

NCC AB Cyclically Adjusted Price-to-FCF Chart

NCC AB 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 16.73 17.63 14.19 8.67 12.77

NCC AB 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 7.03 6.94 8.20 12.77 13.72

Competitive Comparison of NCC AB's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, NCC AB'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.


NCC AB's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



NCC AB 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.

NCC AB's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.78/0.92
=12.80

* 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.

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

For example, NCC AB'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)
=0.027/132.2054*132.2054
=0.027

Current CPI (Mar. 2024) = 132.2054.

NCC AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.070 100.432 -1.409
201409 -0.451 100.161 -0.595
201412 3.553 100.225 4.687
201503 -0.855 99.950 -1.131
201506 -1.081 99.995 -1.429
201509 0.990 100.228 1.306
201512 4.202 100.276 5.540
201603 -1.179 100.751 -1.547
201606 -0.737 101.019 -0.965
201609 -0.125 101.138 -0.163
201612 2.047 102.022 2.653
201703 1.688 102.022 2.187
201706 -1.956 102.752 -2.517
201709 0.495 103.279 0.634
201712 1.016 103.793 1.294
201803 -0.755 103.962 -0.960
201806 -1.503 104.875 -1.895
201809 -0.517 105.679 -0.647
201812 2.335 105.912 2.915
201903 -0.118 105.886 -0.147
201906 -0.956 106.742 -1.184
201909 -0.721 107.214 -0.889
201912 3.016 107.766 3.700
202003 0.855 106.563 1.061
202006 -0.540 107.498 -0.664
202009 -0.057 107.635 -0.070
202012 0.552 108.296 0.674
202103 0.529 108.360 0.645
202106 -0.748 108.928 -0.908
202109 1.190 110.338 1.426
202112 0.314 112.486 0.369
202203 -0.341 114.825 -0.393
202206 -1.415 118.384 -1.580
202209 0.528 122.296 0.571
202212 0.614 126.365 0.642
202303 0.032 127.042 0.033
202306 -1.125 129.407 -1.149
202309 0.421 130.224 0.427
202312 0.601 131.912 0.602
202403 0.027 132.205 0.027

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.


NCC AB  (FRA:NCGB) 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.


NCC AB Cyclically Adjusted Price-to-FCF Related Terms

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


NCC AB (FRA:NCGB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NCC AB (FRA:NCGB) » Definitions » Cyclically Adjusted Price-to-FCF
Address
Herrjarva Torg 4, Solna, SWE, SE-170 80
NCC AB is a leading construction and property development company in the Nordic region. Its business operations are divided into five operating segments: NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development in descending order of total net sales. The company's major projects include entire infrastructure build-outs such as tunnels, roads and railways, housing, office buildings, school and hospital construction, production of asphalt and stone materials, and commercial property development.

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