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Heidelberger Druckmaschinen AG (Heidelberger Druckmaschinen AG) Cyclically Adjusted Price-to-FCF : (As of May. 16, 2024)


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What is Heidelberger Druckmaschinen AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Heidelberger Druckmaschinen AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Heidelberger Druckmaschinen 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.

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Heidelberger Druckmaschinen AG Cyclically Adjusted Price-to-FCF Chart

Heidelberger Druckmaschinen AG Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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Heidelberger Druckmaschinen AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Heidelberger Druckmaschinen AG's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Heidelberger Druckmaschinen 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.


Heidelberger Druckmaschinen AG's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Heidelberger Druckmaschinen 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.

Heidelberger Druckmaschinen AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Heidelberger Druckmaschinen AG's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.129/123.7729*123.7729
=-0.129

Current CPI (Dec. 2023) = 123.7729.

Heidelberger Druckmaschinen AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.086 99.543 0.107
201406 -0.204 99.543 -0.254
201409 0.058 99.823 0.072
201412 0.049 99.543 0.061
201503 -0.017 99.717 -0.021
201506 -0.101 100.417 -0.124
201509 0.070 100.417 0.086
201512 0.015 99.717 0.019
201603 0.065 100.017 0.080
201606 -0.028 100.717 -0.034
201609 0.031 101.017 0.038
201612 -0.031 101.217 -0.038
201703 0.098 101.417 0.120
201706 -0.034 102.117 -0.041
201709 -0.062 102.717 -0.075
201712 0.023 102.617 0.028
201803 0.013 102.917 0.016
201806 -0.111 104.017 -0.132
201809 -0.098 104.718 -0.116
201812 -0.075 104.217 -0.089
201903 0.015 104.217 0.018
201906 -0.149 105.718 -0.174
201909 -0.035 106.018 -0.041
201912 -0.022 105.818 -0.026
202003 -0.090 105.718 -0.105
202006 -0.176 106.618 -0.204
202009 -0.087 105.818 -0.102
202012 0.020 105.518 0.023
202103 0.089 107.518 0.102
202106 -0.037 108.486 -0.042
202109 0.016 109.435 0.018
202112 -0.017 110.384 -0.019
202203 0.026 113.968 0.028
202206 -0.072 115.760 -0.077
202209 -0.053 118.818 -0.055
202212 -0.015 119.345 -0.016
202303 0.052 122.402 0.053
202306 -0.050 123.140 -0.050
202309 -0.017 124.195 -0.017
202312 -0.129 123.773 -0.129

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.


Heidelberger Druckmaschinen AG  (OTCPK:HBGRY) 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.


Heidelberger Druckmaschinen AG Cyclically Adjusted Price-to-FCF Related Terms

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Heidelberger Druckmaschinen AG (Heidelberger Druckmaschinen AG) Business Description

Traded in Other Exchanges
Address
Kurfursten-Anlage 52-60, Heidelberg, BW, DEU, 69115
Heidelberger Druckmaschinen AG is a company which develops and manufactures offset printing presses, parts, and accessories for printing presses, printing software, dryer and ink systems and document handling machinery. It organizes its business into three segments namely Print Solutions, Packaging Solutions, and Technology Solutions. The company generates maximum revenue from the Print Solutions segment.