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Eagle Materials (Eagle Materials) Cyclically Adjusted FCF per Share : $8.50 (As of Dec. 2023)


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What is Eagle Materials 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.

Eagle Materials's adjusted free cash flow per share for the three months ended in Dec. 2023 was $4.757. 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 $8.50 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Eagle Materials's average Cyclically Adjusted FCF Growth Rate was 16.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 31.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 26.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 17.80% 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 Eagle Materials was 31.20% per year. The lowest was -4.90% per year. And the median was 6.90% per year.

As of today (2024-04-29), Eagle Materials's current stock price is $256.70. Eagle Materials's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $8.50. Eagle Materials's Cyclically Adjusted Price-to-FCF of today is 30.20.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Eagle Materials was 64.98. The lowest was 14.19. And the median was 32.34.


Eagle Materials Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Eagle Materials'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.

Eagle Materials Cyclically Adjusted FCF per Share Chart

Eagle Materials Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.77 3.31 4.76 6.19 7.47

Eagle Materials 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 7.29 7.47 7.85 8.19 8.50

Competitive Comparison of Eagle Materials's Cyclically Adjusted FCF per Share

For the Building Materials subindustry, Eagle Materials'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.


Eagle Materials's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

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

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



Eagle Materials 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, Eagle Materials'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)
=4.757/129.4194*129.4194
=4.757

Current CPI (Dec. 2023) = 129.4194.

Eagle Materials Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.207 99.695 0.269
201406 0.340 100.560 0.438
201409 1.200 100.428 1.546
201412 0.805 99.070 1.052
201503 0.087 99.621 0.113
201506 -0.129 100.684 -0.166
201509 1.154 100.392 1.488
201512 1.789 99.792 2.320
201603 0.715 100.470 0.921
201606 0.930 101.688 1.184
201609 2.007 101.861 2.550
201612 2.338 101.863 2.970
201703 0.410 102.862 0.516
201706 0.771 103.349 0.965
201709 1.451 104.136 1.803
201712 1.713 104.011 2.131
201803 0.293 105.290 0.360
201806 0.599 106.317 0.729
201809 1.106 106.507 1.344
201812 1.854 105.998 2.264
201903 0.302 107.251 0.364
201906 0.654 108.070 0.783
201909 2.290 108.329 2.736
201912 2.688 108.420 3.209
202003 0.737 108.902 0.876
202006 1.668 108.767 1.985
202009 5.964 109.815 7.029
202012 4.273 109.897 5.032
202103 2.193 111.754 2.540
202106 2.337 114.631 2.638
202109 3.258 115.734 3.643
202112 3.436 117.630 3.780
202203 1.768 121.301 1.886
202206 2.875 125.017 2.976
202209 3.942 125.227 4.074
202212 4.425 125.222 4.573
202303 0.345 127.348 0.351
202306 2.941 128.729 2.957
202309 4.044 129.860 4.030
202312 4.757 129.419 4.757

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


Eagle Materials  (NYSE:EXP) 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.

Eagle Materials's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=256.70/8.5
=30.20

* 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 Eagle Materials was 64.98. The lowest was 14.19. And the median was 32.34.


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.


Eagle Materials Cyclically Adjusted FCF per Share Related Terms

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


Eagle Materials (Eagle Materials) Business Description

Traded in Other Exchanges
Address
5960 Berkshire Lane, Suite 900, Dallas, TX, USA, 75225
Eagle Materials Inc produces and sells construction products and building materials. Construction products include cement, slag, concrete, and aggregates and building materials include gypsum wallboard, and are sold to the construction and building industries. Basic materials used for oil and natural gas extraction include frac sand and oil well cement. The firm organizes itself into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments, and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments.
Executives
Eric Cribbs officer: Executive Vice President 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225
Matt Newby officer: EVP & General Counsel 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225
Richard Ross Stewart director 2707 N LOOP WEST 9TH FL, HOUSTON TX 77008
Dale Craig Kesler officer: EVP and CFO 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Michael Haack director, officer: President & CEO 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Robert S Stewart officer: EVP-Strategy & Corp. Develop. C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
William R Devlin officer: Vice President & Controller C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
Tony Thompson officer: Senior Vice President 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225
George John Damiris director 100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201
David B Powers officer: Executive Vice President C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75201
Steven L Wentzel officer: President (American Gypsum) 5960 BERKSHIRE LN #800, DALLAS TX 75225
Bowman Ed H Jr director C/O F.Y.I. INC, 3232 MCKINNEY AVE STE 900, DALLAS TX 75204
James H Graass officer: EVP & General Counsel C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219
Martin M Ellen director 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225
Mauro Gregorio director 2211 H.H. DOW WAY, MIDLAND MI 48674