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Argan (LTS:0HHO) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is Argan Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Argan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Argan'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.

Argan Cyclically Adjusted Price-to-FCF Chart

Argan Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.62 11.17 10.19 11.35 12.61

Argan Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 11.47 9.64 11.57 12.61 -

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

For the Engineering & Construction subindustry, Argan'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.


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

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

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



Argan 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.

Argan's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=1.279/131.7762*131.7762
=1.279

Current CPI (Apr. 2024) = 131.7762.

Argan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 2.038 100.520 2.672
201410 0.957 100.176 1.259
201501 0.391 98.604 0.523
201504 -0.235 99.824 -0.310
201507 -1.872 100.691 -2.450
201510 -1.160 100.346 -1.523
201601 0.856 99.957 1.128
201604 2.888 100.947 3.770
201607 4.426 101.524 5.745
201610 4.598 101.988 5.941
201701 4.579 102.456 5.889
201704 2.479 103.167 3.166
201707 -0.464 103.278 -0.592
201710 -3.705 104.070 -4.691
201801 -3.234 104.578 -4.075
201804 -4.128 105.708 -5.146
201807 0.047 106.324 0.058
201810 -2.712 106.695 -3.350
201901 -0.919 106.200 -1.140
201904 -2.462 107.818 -3.009
201907 -1.132 108.250 -1.378
201910 4.209 108.577 5.108
202001 2.361 108.841 2.859
202004 2.525 108.173 3.076
202007 3.944 109.318 4.754
202010 2.487 109.861 2.983
202101 2.084 110.364 2.488
202104 1.034 112.673 1.209
202107 1.857 115.183 2.125
202110 -0.351 116.696 -0.396
202201 -0.864 118.619 -0.960
202204 -2.666 121.978 -2.880
202207 -1.225 125.002 -1.291
202210 -1.315 125.734 -1.378
202301 3.086 126.223 3.222
202304 -0.140 127.992 -0.144
202307 2.615 128.974 2.672
202310 4.174 129.810 4.237
202401 1.771 130.124 1.793
202404 1.279 131.776 1.279

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.


Argan  (LTS:0HHO) 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.


Argan Cyclically Adjusted Price-to-FCF Related Terms

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Argan (LTS:0HHO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Argan Inc (LTS:0HHO) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
One Church Street, Suite 201, Rockville, MD, USA, 20850
Argan Inc is a United States-based company that primarily operates in the power industry services segment through its wholly-owned subsidiaries. Gemma Power Systems and affiliates, one of Argan's subsidiaries, contributed almost all Argan's sales. GPS is a contractor that provides a full range of engineering, procurement, and construction services for power-generating projects. GPS' works encompass complete plant design, construction, electrical interconnection, plant testing, and commissioning. Argan also generates a small portion of sales from industrial fabrication and field services, as well as telecommunication infrastructure services. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derive majority revenue.

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