GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Focus Lighting and Fixtures Ltd (NSE:FOCUS) » Definitions » Cyclically Adjusted Price-to-FCF

Focus Lighting and Fixtures (NSE:FOCUS) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)


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What is Focus Lighting and Fixtures Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Focus Lighting and Fixtures Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Focus Lighting and Fixtures'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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Focus Lighting and Fixtures Cyclically Adjusted Price-to-FCF Chart

Focus Lighting and Fixtures Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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Focus Lighting and Fixtures Semi-Annual Data
Mar12 Mar13 Mar14 Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
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Competitive Comparison of Focus Lighting and Fixtures's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, Focus Lighting and Fixtures'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.


Focus Lighting and Fixtures's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Focus Lighting and Fixtures's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Focus Lighting and Fixtures's Cyclically Adjusted Price-to-FCF falls into.



Focus Lighting and Fixtures 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.

Focus Lighting and Fixtures's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Focus Lighting and Fixtures's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=-3.673/146.8646*146.8646
=-3.673

Current CPI (Mar23) = 146.8646.

Focus Lighting and Fixtures Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.278 91.425 0.447
201503 0.055 97.163 0.083
201603 0.411 102.518 0.589
201703 0.000 105.196 0.000
201803 -0.783 109.786 -1.047
201903 -0.551 118.202 -0.685
202003 -0.043 124.705 -0.051
202103 0.290 131.771 0.323
202203 0.470 138.822 0.497
202303 -3.673 146.865 -3.673

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.


Focus Lighting and Fixtures  (NSE:FOCUS) 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.


Focus Lighting and Fixtures Cyclically Adjusted Price-to-FCF Related Terms

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Focus Lighting and Fixtures (NSE:FOCUS) Business Description

Traded in Other Exchanges
N/A
Address
Sonawala Road, Near Udyog Bhavan, 1007-1010, Corporate Avenue Wing A, Goregaon (East), Mumbai, MH, IND, 400063
Focus Lighting and Fixtures Ltd provide lighting fixtures. The company has two reportable segments namely trading and manufacturing activities. It generates maximum revenue from the Trading segment. The company products include cabinet lights, lighting systems, pendants, recessed, semi-recessed, surface, track, and trimless.

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