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Federal Grid Company Rosseti PJSC (MIC:FEES) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Federal Grid Company Rosseti PJSC Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Federal Grid Company Rosseti PJSC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Federal Grid Company Rosseti PJSC'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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Federal Grid Company Rosseti PJSC Cyclically Adjusted Price-to-FCF Chart

Federal Grid Company Rosseti PJSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted Price-to-FCF
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Federal Grid Company Rosseti PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Jun23
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Competitive Comparison of Federal Grid Company Rosseti PJSC's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, Federal Grid Company Rosseti PJSC'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.


Federal Grid Company Rosseti PJSC's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Federal Grid Company Rosseti PJSC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Federal Grid Company Rosseti PJSC's Cyclically Adjusted Price-to-FCF falls into.



Federal Grid Company Rosseti PJSC 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.

Federal Grid Company Rosseti PJSC's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec20 is calculated as:

For example, Federal Grid Company Rosseti PJSC's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec20 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec20 (Change)*Current CPI (Dec20)
=0.023/191.1000*191.1000
=0.023

Current CPI (Dec20) = 191.1000.

Federal Grid Company Rosseti PJSC Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201112 -0.070 110.000 -0.122
201212 -0.067 117.300 -0.109
201312 -0.037 124.900 -0.057
201412 0.012 139.000 0.016
201512 0.017 157.000 0.021
201612 0.025 165.400 0.029
201712 0.026 169.600 0.029
201812 0.026 176.800 0.028
201912 0.033 182.200 0.035
202012 0.023 191.100 0.023

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.


Federal Grid Company Rosseti PJSC  (MIC:FEES) 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.


Federal Grid Company Rosseti PJSC Cyclically Adjusted Price-to-FCF Related Terms

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Federal Grid Company Rosseti PJSC (MIC:FEES) Business Description

Traded in Other Exchanges
N/A
Address
5A, Akademika Chelomeya Street, Moscow, RUS, 117630
Federal Grid Company Rosseti PJSC is a Russian electric utility company of which the Russian Federation is the majority shareholder through its subsidiary, PJSC "Russian Grids." The company's principal activity is the transmission of electricity via the Russian Unified National Electric Grid. Federal Grid Company does this through its operation of numerous substations, transformers, and electricity transmission lines all throughout Russia. The vast majority of the company's revenue is derived from the provision of electricity transmission services to a variety of customers, such as industrial firms and other Russian utilities companies. This income stream is dependent upon changes in tariffs set by the Russian government and electricity demand.

Federal Grid Company Rosseti PJSC (MIC:FEES) Headlines

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