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Gafisa (Gafisa) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is Gafisa Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gafisa Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gafisa'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.

Gafisa Cyclically Adjusted Price-to-FCF Chart

Gafisa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Gafisa Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Dec21 Dec22 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 11.26 4.99 - - -

Competitive Comparison of Gafisa's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, Gafisa'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.


Gafisa's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Gafisa's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Gafisa 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.

Gafisa's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2022 is calculated as:

For example, Gafisa's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2022 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=0/150.2068*150.2068
=0.000

Current CPI (Dec. 2022) = 150.2068.

Gafisa Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201109 -29.670 77.837 -57.256
201112 -64.846 78.971 -123.341
201203 2.191 79.938 4.117
201206 17.054 80.803 31.702
201209 -6.551 81.948 -12.008
201212 76.281 83.581 137.087
201303 -7.051 85.205 -12.430
201306 -5.728 86.214 -9.980
201309 9.693 86.749 16.784
201312 34.386 88.522 58.347
201403 -10.224 90.447 -16.979
201406 -5.397 91.838 -8.827
201409 11.066 92.602 17.950
201412 3.545 94.194 5.653
201503 -7.127 97.799 -10.946
201506 -1.448 100.006 -2.175
201509 1.785 101.392 2.644
201512 12.351 104.247 17.796
201603 3.793 106.979 5.326
201606 -2.675 108.851 -3.691
201609 6.154 109.986 8.404
201612 20.287 110.802 27.502
201703 8.497 111.869 11.409
201706 8.647 112.115 11.585
201709 7.665 112.777 10.209
201712 0.521 114.068 0.686
201803 -6.551 114.868 -8.566
201806 2.982 117.038 3.827
201809 -0.593 117.881 -0.756
201812 5.015 118.340 6.365
201903 -2.506 120.124 -3.134
201906 0.837 120.977 1.039
201909 3.836 121.292 4.750
201912 -0.653 123.436 -0.795
202003 0.000 124.092 0.000
202006 -0.295 123.557 -0.359
202009 -1.636 125.095 -1.964
202012 -2.377 129.012 -2.767
202112 0.000 141.992 0.000
202212 0.000 150.207 0.000

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.


Gafisa  (OTCPK:GFSAY) 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.


Gafisa Cyclically Adjusted Price-to-FCF Related Terms

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


Gafisa (Gafisa) Business Description

Traded in Other Exchanges
Address
Avenida Presidente Juscelino Kubitschek, No. 1830, Block 2, 3rd Floor, Sao Paulo, SP, BRA, 04543-900
Gafisa SA is a Brazilian company that is engaged in the real estate development of residential units on behalf of third parties. It provides civil construction and civil engineering services, develops and implements marketing strategies related to its own and third-party real estate ventures, and invests in other companies that share similar objectives. The company operates in Sao Paulo and its metropolitan area.

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