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voestalpine AG (WBO:VOE) Cyclically Adjusted Price-to-FCF : 13.05 (As of May. 25, 2024)


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What is voestalpine AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-25), voestalpine AG's current share price is €26.76. voestalpine AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €2.05. voestalpine AG's Cyclically Adjusted Price-to-FCF for today is 13.05.

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

WBO:VOE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.31   Med: 10.76   Max: 20.51
Current: 12.75

During the past years, voestalpine AG's highest Cyclically Adjusted Price-to-FCF was 20.51. The lowest was 5.31. And the median was 10.76.

WBO:VOE's Cyclically Adjusted Price-to-FCF is ranked better than
54% of 250 companies
in the Steel industry
Industry Median: 13.68 vs WBO:VOE: 12.75

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.

voestalpine AG's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.220. 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 €2.05 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


voestalpine AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for voestalpine AG'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.

voestalpine AG Cyclically Adjusted Price-to-FCF Chart

voestalpine AG Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.53 6.64 12.86 10.25 16.23

voestalpine AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 14.12 16.23 18.29 13.67 13.93

Competitive Comparison of voestalpine AG's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, voestalpine AG'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.


voestalpine AG's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, voestalpine AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



voestalpine AG 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.76/2.05
=13.05

* 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.

voestalpine AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, voestalpine AG's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.22/132.5695*132.5695
=0.220

Current CPI (Dec. 2023) = 132.5695.

voestalpine AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.933 99.044 1.249
201406 0.005 99.496 0.007
201409 0.346 99.586 0.461
201412 -0.576 99.676 -0.766
201503 0.570 99.992 0.756
201506 -0.762 100.492 -1.005
201509 -0.062 100.292 -0.082
201512 -0.029 100.692 -0.038
201603 0.842 100.692 1.109
201606 -0.467 101.092 -0.612
201609 0.096 101.192 0.126
201612 -0.664 102.092 -0.862
201703 1.503 102.592 1.942
201706 -1.122 102.991 -1.444
201709 1.071 103.591 1.371
201712 -0.032 104.291 -0.041
201803 2.040 104.491 2.588
201806 -1.711 105.091 -2.158
201809 -0.175 105.691 -0.220
201812 -0.799 106.291 -0.997
201903 3.335 106.391 4.156
201906 -1.902 106.791 -2.361
201909 0.768 106.991 0.952
201912 -0.231 108.091 -0.283
202003 4.382 108.024 5.378
202006 -1.126 107.915 -1.383
202009 2.634 108.348 3.223
202012 1.730 109.321 2.098
202103 2.544 110.186 3.061
202106 0.706 110.943 0.844
202109 -0.077 111.916 -0.091
202112 -0.843 113.971 -0.981
202203 3.504 117.647 3.948
202206 -4.057 120.567 -4.461
202209 0.433 123.811 0.464
202212 -1.156 125.541 -1.221
202303 5.834 128.460 6.021
202306 -1.425 130.191 -1.451
202309 0.974 131.272 0.984
202312 0.220 132.570 0.220

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.


voestalpine AG  (WBO:VOE) 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.


voestalpine AG Cyclically Adjusted Price-to-FCF Related Terms

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


voestalpine AG (WBO:VOE) Business Description

Industry
Address
Voestalpine-Strasse 1, Linz, AUT, 4020
voestalpine AG is an Austria-based holding company engaged in the manufacturing, processing and development of steel products. The company is divided into four divisions. The Steel Division is involved in the production of steel products and the casting of large turbines. The High-Performance metals Division provides metals for the automotive, consumer goods, power generation, energy and aviation sectors. The Metal Engineering division produces rails, turnout systems, track-based monitoring systems, specially treated wire and others. The Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors. The company generates its revenue from the European Union.
Executives
Dr. Franz Gasselsberger Supervisory Board
Di Dr. Peter Schwab Board of Directors
Herbert Eibensteiner Board of Directors
Mag. Dipl.-ing. Robert Ottel Board of Directors

voestalpine AG (WBO:VOE) Headlines

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