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FuelCell Energy (HAM:FEY2) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is FuelCell Energy Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


FuelCell Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FuelCell Energy'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.

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FuelCell Energy Cyclically Adjusted Price-to-FCF Chart

FuelCell Energy Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
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FuelCell Energy Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of FuelCell Energy's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, FuelCell Energy'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.


FuelCell Energy's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, FuelCell Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



FuelCell Energy 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.

FuelCell Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, FuelCell Energy's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-0.155/130.1244*130.1244
=-0.155

Current CPI (Jan. 2024) = 130.1244.

FuelCell Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -5.029 100.023 -6.542
201407 -7.471 100.520 -9.671
201410 -11.340 100.176 -14.730
201501 -1.687 98.604 -2.226
201504 -5.368 99.824 -6.997
201507 -10.384 100.691 -13.419
201510 -5.059 100.346 -6.560
201601 2.206 99.957 2.872
201604 -12.393 100.947 -15.975
201607 -9.972 101.524 -12.781
201610 0.876 101.988 1.118
201701 -10.281 102.456 -13.057
201704 -5.982 103.167 -7.545
201707 -4.361 103.278 -5.495
201710 -3.764 104.070 -4.706
201801 4.455 104.578 5.543
201804 -2.206 105.708 -2.716
201807 -2.542 106.324 -3.111
201810 -3.166 106.695 -3.861
201901 -2.756 106.200 -3.377
201904 -1.716 107.818 -2.071
201907 0.108 108.250 0.130
201910 -0.104 108.577 -0.125
202001 -0.063 108.841 -0.075
202004 -0.062 108.173 -0.075
202007 -0.079 109.318 -0.094
202010 -0.068 109.861 -0.081
202101 -0.092 110.364 -0.108
202104 -0.074 112.673 -0.085
202107 -0.104 115.183 -0.117
202110 -0.091 116.696 -0.101
202201 -0.153 118.619 -0.168
202204 -0.075 121.978 -0.080
202207 -0.086 125.002 -0.090
202210 -0.078 125.734 -0.081
202301 -0.145 126.223 -0.149
202304 -0.139 127.992 -0.141
202307 -0.136 128.974 -0.137
202310 -0.094 129.810 -0.094
202401 -0.155 130.124 -0.155

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.


FuelCell Energy  (HAM:FEY2) 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.


FuelCell Energy Cyclically Adjusted Price-to-FCF Related Terms

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


FuelCell Energy (HAM:FEY2) Business Description

Address
3 Great Pasture Road, Danbury, CT, USA, 06810
FuelCell Energy Inc is a fuel-cell power company. FuelCell designs manufactures, sells, installs, operates, and services fuel cell products and electrolysis platforms that decarbonize power and produce hydrogen. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from the United States followed by South Korea.

FuelCell Energy (HAM:FEY2) Headlines

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