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Atco (TSX:ACO.Y) Cyclically Adjusted Price-to-FCF : 17.86 (As of May. 24, 2024)


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What is Atco Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Atco's current share price is C$42.50. Atco's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$2.38. Atco's Cyclically Adjusted Price-to-FCF for today is 17.86.

The historical rank and industry rank for Atco's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:ACO.Y' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.18   Med: 29.73   Max: 154.84
Current: 17.85

During the past years, Atco's highest Cyclically Adjusted Price-to-FCF was 154.84. The lowest was 16.18. And the median was 29.73.

TSX:ACO.Y's Cyclically Adjusted Price-to-FCF is ranked worse than
51.52% of 231 companies
in the Utilities - Regulated industry
Industry Median: 17.45 vs TSX:ACO.Y: 17.85

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Atco's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$1.863. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is C$2.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Atco'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.

Atco Cyclically Adjusted Price-to-FCF Chart

Atco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 34.89 18.78

Atco Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 32.24 26.41 21.46 18.78 16.59

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

For the Utilities - Diversified subindustry, Atco'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.


Atco's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atco's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Atco 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.

Atco's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=42.50/2.38
=17.86

* 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.

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

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.863/126.2576*126.2576
=1.863

Current CPI (Mar. 2024) = 126.2576.

Atco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.342 99.473 -1.703
201409 -1.463 99.394 -1.858
201412 -2.296 98.367 -2.947
201503 1.161 99.789 1.469
201506 -0.477 100.500 -0.599
201509 0.286 100.421 0.360
201512 -1.764 99.947 -2.228
201603 0.730 101.054 0.912
201606 -0.026 102.002 -0.032
201609 1.690 101.765 2.097
201612 0.714 101.449 0.889
201703 2.813 102.634 3.460
201706 -0.139 103.029 -0.170
201709 -1.289 103.345 -1.575
201712 -1.367 103.345 -1.670
201803 0.122 105.004 0.147
201806 -2.047 105.557 -2.448
201809 -0.409 105.636 -0.489
201812 0.288 105.399 0.345
201903 1.081 106.979 1.276
201906 0.401 107.690 0.470
201909 0.932 107.611 1.093
201912 0.549 107.769 0.643
202003 2.458 107.927 2.875
202006 2.032 108.401 2.367
202009 0.837 108.164 0.977
202012 1.778 108.559 2.068
202103 2.610 110.298 2.988
202106 -0.568 111.720 -0.642
202109 0.629 112.905 0.703
202112 1.854 113.774 2.057
202203 3.391 117.646 3.639
202206 2.070 120.806 2.163
202209 0.044 120.648 0.046
202212 1.606 120.964 1.676
202303 1.773 122.702 1.824
202306 -0.062 124.203 -0.063
202309 0.714 125.230 0.720
202312 1.101 125.072 1.111
202403 1.863 126.258 1.863

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.


Atco  (TSX:ACO.Y) 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.


Atco Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Atco's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Atco (TSX:ACO.Y) Business Description

Industry
Traded in Other Exchanges
Address
5302 Forand Street SW, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4
Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco's primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.

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