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Bird Construction (Bird Construction) Cyclically Adjusted FCF per Share : $0.52 (As of Dec. 2023)


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What is Bird Construction Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Bird Construction's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.321. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Bird Construction's average Cyclically Adjusted FCF Growth Rate was 17.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Bird Construction was 6.10% per year. The lowest was -24.00% per year. And the median was -10.80% per year.

As of today (2024-04-28), Bird Construction's current stock price is $13.996. Bird Construction's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.52. Bird Construction's Cyclically Adjusted Price-to-FCF of today is 26.92.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bird Construction was 28.19. The lowest was 5.83. And the median was 11.28.


Bird Construction Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bird Construction's Cyclically Adjusted FCF per Share 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.

Bird Construction Cyclically Adjusted FCF per Share Chart

Bird Construction Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.44 0.48 0.43 0.52

Bird Construction Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 0.43 0.43 0.51 0.50 0.52

Competitive Comparison of Bird Construction's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, Bird Construction'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.


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

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

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



Bird Construction Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Bird Construction'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)
=1.321/125.4675*125.4675
=1.321

Current CPI (Dec. 2023) = 125.4675.

Bird Construction Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.239 98.604 -1.577
201406 0.412 99.473 0.520
201409 0.587 99.394 0.741
201412 1.683 98.367 2.147
201503 -0.608 99.789 -0.764
201506 0.281 100.500 0.351
201509 0.843 100.421 1.053
201512 0.678 99.947 0.851
201603 0.314 101.054 0.390
201606 -0.484 102.002 -0.595
201609 -0.077 101.765 -0.095
201612 0.903 101.449 1.117
201703 -1.773 102.634 -2.167
201706 -0.362 103.029 -0.441
201709 -0.281 103.345 -0.341
201712 0.559 103.345 0.679
201803 -0.905 105.004 -1.081
201806 -0.489 105.557 -0.581
201809 1.443 105.636 1.714
201812 1.469 105.399 1.749
201903 -1.125 106.979 -1.319
201906 -0.251 107.690 -0.292
201909 -0.466 107.611 -0.543
201912 0.927 107.769 1.079
202003 -1.193 107.927 -1.387
202006 0.536 108.401 0.620
202009 -0.676 108.164 -0.784
202012 2.843 108.559 3.286
202103 -1.044 110.298 -1.188
202106 -0.345 111.720 -0.387
202109 0.649 112.905 0.721
202112 1.051 113.774 1.159
202203 -0.407 117.646 -0.434
202206 -1.173 120.806 -1.218
202209 0.346 120.648 0.360
202212 1.360 120.964 1.411
202303 -0.612 122.702 -0.626
202306 0.021 124.203 0.021
202309 -0.096 125.230 -0.096
202312 1.321 125.468 1.321

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Bird Construction  (OTCPK:BIRDF) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Bird Construction's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13.996/0.52
=26.92

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bird Construction was 28.19. The lowest was 5.83. And the median was 11.28.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Bird Construction Cyclically Adjusted FCF per Share Related Terms

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


Bird Construction (Bird Construction) Business Description

Industry
Traded in Other Exchanges
Address
5700 Explorer Drive, Suite 400, Mississauga, ON, CAN, L4W 0C6
Bird Construction Inc is a construction company operating from coast-to-coast and servicing all of Canada's major markets. The group provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets, to industrial maintenance, repair and operations services, heavy civil construction, and mine support services. It also provides vertical infrastructure including, electrical, mechanical, and specialty trades. In addition to its commitment to safety, Bird provides services that offer long-term value to its stakeholders.