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Fuel Tech (Fuel Tech) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Fuel Tech Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuel Tech Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fuel Tech'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.

Fuel Tech Cyclically Adjusted Price-to-FCF Chart

Fuel Tech 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 11.25 156.77 82.12 - -

Fuel Tech 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 - 50.25 - - -

Competitive Comparison of Fuel Tech's Cyclically Adjusted Price-to-FCF

For the Pollution & Treatment Controls subindustry, Fuel Tech'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.


Fuel Tech's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fuel Tech's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Fuel Tech 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.

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

For example, Fuel Tech'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)
=0.003/129.4194*129.4194
=0.003

Current CPI (Dec. 2023) = 129.4194.

Fuel Tech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.096 99.695 -0.125
201406 -0.041 100.560 -0.053
201409 -0.028 100.428 -0.036
201412 0.147 99.070 0.192
201503 0.037 99.621 0.048
201506 -0.109 100.684 -0.140
201509 0.004 100.392 0.005
201512 0.333 99.792 0.432
201603 -0.245 100.470 -0.316
201606 0.136 101.688 0.173
201609 -0.006 101.861 -0.008
201612 -0.044 101.863 -0.056
201703 -0.073 102.862 -0.092
201706 -0.159 103.349 -0.199
201709 -0.023 104.136 -0.029
201712 0.082 104.011 0.102
201803 -0.109 105.290 -0.134
201806 -0.046 106.317 -0.056
201809 0.027 106.507 0.033
201812 0.307 105.998 0.375
201903 -0.214 107.251 -0.258
201906 0.083 108.070 0.099
201909 0.017 108.329 0.020
201912 -0.048 108.420 -0.057
202003 -0.078 108.902 -0.093
202006 -0.066 108.767 -0.079
202009 0.002 109.815 0.002
202012 0.022 109.897 0.026
202103 -0.008 111.754 -0.009
202106 0.007 114.631 0.008
202109 0.000 115.734 0.000
202112 0.023 117.630 0.025
202203 -0.059 121.301 -0.063
202206 -0.055 125.017 -0.057
202209 0.022 125.227 0.023
202212 -0.052 125.222 -0.054
202303 0.032 127.348 0.033
202306 -0.035 128.729 -0.035
202309 0.009 129.860 0.009
202312 0.003 129.419 0.003

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.


Fuel Tech  (NAS:FTEK) 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.


Fuel Tech Cyclically Adjusted Price-to-FCF Related Terms

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


Fuel Tech (Fuel Tech) Business Description

Industry
Traded in Other Exchanges
Address
27601 Bella Vista Parkway, Warrenville, IL, USA, 60555-1617
Fuel Tech Inc is an technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. TheFuel Chem technology segment uses chemical processes in combination with advanced Computational Fluid Dynamics and Chemical Kinetics Modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.
Executives
Vincent J Arnone officer: Executive Vice President
Bettye J Bailey 10 percent owner C/O WHITMAN BREED ABBOTT & MORGAN LLC, 9 GREENWICH OFFICE PARK, GREENWICH CT 06831
Ellen T Albrecht officer: Acting PFO and Treasurer C/O FUEL TECH, 695 E MAIN STREET, STAMFORD CT 06901
Dennis L Zeitler director P.O. BOX 426, PITTSBURGH PA 15230
James J Markowsky director 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
Douglas G Bailey director, officer: President, CEO & Chairman
Cummings William E Jr officer: Senior Vice President, Sales C/O FUEL TECH, 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
James M Pach officer: Acting PFO & Treasurer 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
Sharon L Jones director 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
David S Collins officer: Sr. Vice President C/O FUEL TECH, 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
W Grant Gregory director C/O AMBAC FINANCIAL GROUP INC, 1 STATE STREET PLAZA, NEW YORK NY 10004
Delbert L Williamson director C/O FUEL TECH, 695 E MAIN STREET, STAMFORD CT 06901
Miguel Espinosa director
George F Maccormack director PEPCO HOLDINGS, INC., 701 NINTH STREET, NW, SUITE 1300, WASHINGTON DC 20068
Thomas S Shaw director C/O CONECTIV, 800 KING ST PO BOX 231, WILMINGTON DE 19899

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