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Heidelberger Druckmaschinen AG (Heidelberger Druckmaschinen AG) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Heidelberger Druckmaschinen AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Heidelberger Druckmaschinen AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Heidelberger Druckmaschinen 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.

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Heidelberger Druckmaschinen AG Cyclically Adjusted Price-to-FCF Chart

Heidelberger Druckmaschinen AG Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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Heidelberger Druckmaschinen AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Heidelberger Druckmaschinen AG's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Heidelberger Druckmaschinen 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.


Heidelberger Druckmaschinen AG's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Heidelberger Druckmaschinen 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.

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

For example, Heidelberger Druckmaschinen 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)
=-0.258/123.6675*123.6675
=-0.258

Current CPI (Dec. 2023) = 123.6675.

Heidelberger Druckmaschinen AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.172 99.543 0.214
201406 -0.408 99.543 -0.507
201409 0.117 99.823 0.145
201412 0.099 99.543 0.123
201503 -0.033 99.717 -0.041
201506 -0.202 100.417 -0.249
201509 0.139 100.417 0.171
201512 0.030 99.717 0.037
201603 0.130 100.017 0.161
201606 -0.055 100.717 -0.068
201609 0.062 101.017 0.076
201612 -0.062 101.217 -0.076
201703 0.195 101.417 0.238
201706 -0.067 102.117 -0.081
201709 -0.124 102.717 -0.149
201712 0.046 102.617 0.055
201803 0.026 102.917 0.031
201806 -0.222 104.017 -0.264
201809 -0.197 104.718 -0.233
201812 -0.151 104.217 -0.179
201903 0.029 104.217 0.034
201906 -0.299 105.718 -0.350
201909 -0.071 106.018 -0.083
201912 -0.043 105.818 -0.050
202003 -0.180 105.718 -0.211
202006 -0.351 106.618 -0.407
202009 -0.173 105.818 -0.202
202012 0.040 105.518 0.047
202103 0.177 107.518 0.204
202106 -0.073 108.486 -0.083
202109 0.031 109.435 0.035
202112 -0.034 110.384 -0.038
202203 0.052 113.968 0.056
202206 -0.144 115.760 -0.154
202209 -0.107 118.818 -0.111
202212 -0.030 119.345 -0.031
202303 0.105 122.402 0.106
202306 -0.101 123.140 -0.101
202309 -0.033 124.195 -0.033
202312 -0.258 123.668 -0.258

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.


Heidelberger Druckmaschinen AG  (OTCPK:HBGRF) 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.


Heidelberger Druckmaschinen AG Cyclically Adjusted Price-to-FCF Related Terms

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Heidelberger Druckmaschinen AG (Heidelberger Druckmaschinen AG) Business Description

Traded in Other Exchanges
Address
Kurfursten-Anlage 52-60, Heidelberg, BW, DEU, 69115
Heidelberger Druckmaschinen AG is a company which develops and manufactures offset printing presses, parts, and accessories for printing presses, printing software, dryer and ink systems and document handling machinery. It organizes its business into three segments namely Print Solutions, Packaging Solutions, and Technology Solutions. The company generates maximum revenue from the Print Solutions segment.