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Southwest Gas Holdings (Southwest Gas Holdings) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Southwest Gas Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Southwest Gas Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Southwest Gas Holdings'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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Southwest Gas Holdings Cyclically Adjusted Price-to-FCF Chart

Southwest Gas Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Southwest Gas Holdings 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 Southwest Gas Holdings's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings'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.


Southwest Gas Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Southwest Gas Holdings's Cyclically Adjusted Price-to-FCF falls into.



Southwest Gas Holdings 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.

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

For example, Southwest Gas Holdings'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)
=1.43/129.4194*129.4194
=1.430

Current CPI (Dec. 2023) = 129.4194.

Southwest Gas Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.389 99.695 1.803
201406 -0.918 100.560 -1.181
201409 -1.136 100.428 -1.464
201412 -0.407 99.070 -0.532
201503 2.803 99.621 3.641
201506 -0.026 100.684 -0.033
201509 -1.163 100.392 -1.499
201512 -0.246 99.792 -0.319
201603 4.229 100.470 5.448
201606 -1.039 101.688 -1.322
201609 -1.647 101.861 -2.093
201612 -0.053 101.863 -0.067
201703 0.962 102.862 1.210
201706 -2.299 103.349 -2.879
201709 -1.807 104.136 -2.246
201712 -2.095 104.011 -2.607
201803 0.537 105.290 0.660
201806 -1.882 106.317 -2.291
201809 2.601 106.507 3.161
201812 -1.653 105.998 -2.018
201903 -0.422 107.251 -0.509
201906 -3.577 108.070 -4.284
201909 -2.699 108.329 -3.224
201912 -1.759 108.420 -2.100
202003 1.100 108.902 1.307
202006 -1.967 108.767 -2.340
202009 -1.710 109.815 -2.015
202012 -0.953 109.897 -1.122
202103 -3.557 111.754 -4.119
202106 -2.240 114.631 -2.529
202109 -1.981 115.734 -2.215
202112 -2.451 117.630 -2.697
202203 0.391 121.301 0.417
202206 -1.911 125.017 -1.978
202209 -3.050 125.227 -3.152
202212 -2.124 125.222 -2.195
202303 -5.917 127.348 -6.013
202306 -0.302 128.729 -0.304
202309 -0.551 129.860 -0.549
202312 1.430 129.419 1.430

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.


Southwest Gas Holdings  (NYSE:SWX) 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.


Southwest Gas Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Southwest Gas Holdings (Southwest Gas Holdings) Business Description

Traded in Other Exchanges
Address
8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89193-8510
Southwest Gas Holdings Inc is a utility company primarily engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas operations and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as one of the largest distributors in the states of Arizona and Nevada. The natural gas operations division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.
Executives
Paul M Daily officer: Executive Officer C/O SOUTHWEST GAS HOLDINGS, INC., 5241 SPRING MOUNTAIN ROAD, LAS VEGAS NV 89150
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Robert J Stefani officer: SVP/Chief Financial Officer 8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Icahn Partners Lp 10 percent owner 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Partners Master Fund Lp 10 percent owner 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Randall P. Gabe officer: SVP/Chief Administrative OFC 8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Amy L. Timperley officer: SVP/Chief Reg. & Fin. Planning 8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Ruby Sharma director 24 ARNOLD DRIVE, PRINCETON JCT. NJ 08550
Jose A Cardenas director 8360 S. DURANGO DR., LAS VEGAS NV 89113
Boyd S. Nelson officer: VP/Strategy & Inv Relations 8360 S. DURANGO DR., LAS VEGAS NV 89113
Thomas E. Moran officer: VP/General Counsel/Corp. Sec SOUTHWEST GAS HOLDINGS, INC., 8360 SOUTH DURANGO DRIVE, LAS VEGAS NV 89113
Julie M. Williams officer: SVP/Chief Operations Officer 8360 S. DURANGO DR., LAS VEGAS NV 89113
Lori L Colvin officer: VP/Controller/CAO 8360 S. DURANGO DR., LAS VEGAS NV 89113
Eric Debonis officer: SVP/Operations 8360 S. DURANGO DR., LAS VEGAS NV 89113
Andrew Teno director C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036