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Palfinger AG (FRA:PFI) Cyclically Adjusted Price-to-FCF : 28.31 (As of May. 22, 2024)


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What is Palfinger AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Palfinger AG's current share price is €23.50. Palfinger AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €0.83. Palfinger AG's Cyclically Adjusted Price-to-FCF for today is 28.31.

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

FRA:PFI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.52   Med: 41.02   Max: 83.49
Current: 28.03

During the past 13 years, Palfinger AG's highest Cyclically Adjusted Price-to-FCF was 83.49. The lowest was 20.52. And the median was 41.02.

FRA:PFI's Cyclically Adjusted Price-to-FCF is ranked worse than
55.56% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 26.56 vs FRA:PFI: 28.03

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.

Palfinger AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €0.897. 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 €0.83 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Palfinger AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Palfinger AG'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.

Palfinger AG Cyclically Adjusted Price-to-FCF Chart

Palfinger AG 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 39.51 24.18 35.79 29.48 29.80

Palfinger AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 35.79 - 29.48 - 29.80

Competitive Comparison of Palfinger AG's Cyclically Adjusted Price-to-FCF

For the Farm & Heavy Construction Machinery subindustry, Palfinger AG'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.


Palfinger AG's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Palfinger AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Palfinger AG 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.

Palfinger AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.50/0.83
=28.31

* 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.

Palfinger AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Palfinger AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.897/132.5695*132.5695
=0.897

Current CPI (Dec23) = 132.5695.

Palfinger AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.372 99.676 -0.495
201512 1.419 100.692 1.868
201612 0.959 102.092 1.245
201712 0.260 104.291 0.330
201812 0.723 106.291 0.902
201912 1.606 108.091 1.970
202012 4.245 109.321 5.148
202112 -1.104 113.971 -1.284
202212 -2.013 125.541 -2.126
202312 0.897 132.570 0.897

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.


Palfinger AG  (FRA:PFI) 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.


Palfinger AG Cyclically Adjusted Price-to-FCF Related Terms

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


Palfinger AG (FRA:PFI) Business Description

Traded in Other Exchanges
Address
Lamprechtshausener Bundesstrasse 8, Bergheim, AUT, 5101
Palfinger is an Austrian manufacturing company that offers cranes, forklifts, truck bodies, and lifting equipment for land and water vehicles. Palfinger has two operating segments: Sales & Service and Segment Operations. Segment sales & service comprises the sales and service units. The segment operations comprise the production sites and the respective production share of the company. It earns the majority of revenue from the sales & service segment. Palfinger sells its products worldwide but segments geographically into six regions: Europe, Middle East, & Africa; North America; Latin America; Eurasia; Asia-Pacific; and Marine. Business in Europe, the Middle East, & the Africa region generates the majority of the company's revenue.

Palfinger AG (FRA:PFI) Headlines