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Vianini Lavori (MIL:VLA) Cyclically Adjusted Price-to-FCF : (As of Jun. 02, 2024)


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What is Vianini Lavori Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vianini Lavori Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Vianini Lavori'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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Vianini Lavori Cyclically Adjusted Price-to-FCF Chart

Vianini Lavori Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted Price-to-FCF
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Vianini Lavori Quarterly Data
Jun10 Dec10 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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Competitive Comparison of Vianini Lavori's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Vianini Lavori'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.


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

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

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



Vianini Lavori 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.

Vianini Lavori's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec14 is calculated as:

For example, Vianini Lavori's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec14 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec14 (Change)*Current CPI (Dec14)
=0.464/99.7209*99.7209
=0.464

Current CPI (Dec14) = 99.7209.

Vianini Lavori Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200512 0.931 85.238 1.089
200612 -0.145 86.835 -0.167
200712 0.651 89.097 0.729
200812 0.455 91.094 0.498
200912 0.431 92.025 0.467
201012 -0.389 93.755 -0.414
201112 1.171 96.837 1.206
201212 -0.259 99.070 -0.261
201312 0.245 99.721 0.245
201412 0.464 99.721 0.464

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.


Vianini Lavori  (MIL:VLA) 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.


Vianini Lavori Cyclically Adjusted Price-to-FCF Related Terms

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Vianini Lavori (MIL:VLA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Vianini Lavori SpA was established on July 24, 1980. The Company operates as a contractor in the infrastructure, water, and highways concessions areas in Italy. It undertakes subways, roads, housing, railways projects, dams and hydropower projects, canals and aqueducts, industrial and civil construction projects and also invests in companies such as Cementir Holding, Water Campania, and Eurostazioni, among others.

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