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Valhi (VHI) Cyclically Adjusted Price-to-FCF : 4.59 (As of Apr. 27, 2024)


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What is Valhi Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Valhi's current share price is $15.00. Valhi's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.27. Valhi's Cyclically Adjusted Price-to-FCF for today is 4.59.

The historical rank and industry rank for Valhi's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

VHI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.52   Med: 18.18   Max: 214.24
Current: 4.4

During the past years, Valhi's highest Cyclically Adjusted Price-to-FCF was 214.24. The lowest was 3.52. And the median was 18.18.

VHI's Cyclically Adjusted Price-to-FCF is ranked better than
94.35% of 566 companies
in the Chemicals industry
Industry Median: 23.705 vs VHI: 4.40

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.

Valhi's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $2.081. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $3.27 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Valhi Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Valhi'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.

Valhi Cyclically Adjusted Price-to-FCF Chart

Valhi 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 9.95 6.63 8.81 6.28 4.65

Valhi 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 6.28 5.27 3.80 4.03 4.65

Competitive Comparison of Valhi's Cyclically Adjusted Price-to-FCF

For the Chemicals subindustry, Valhi'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.


Valhi's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

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

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



Valhi 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.

Valhi's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.00/3.27
=4.59

* 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.

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

For example, Valhi'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)
=2.081/129.4194*129.4194
=2.081

Current CPI (Dec. 2023) = 129.4194.

Valhi Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.909 99.695 -1.180
201406 -0.214 100.560 -0.275
201409 -0.077 100.428 -0.099
201412 1.000 99.070 1.306
201503 -1.530 99.621 -1.988
201506 0.526 100.684 0.676
201509 0.856 100.392 1.104
201512 -1.039 99.792 -1.347
201603 -1.765 100.470 -2.274
201606 0.488 101.688 0.621
201609 1.277 101.861 1.622
201612 0.681 101.863 0.865
201703 0.789 102.862 0.993
201706 1.175 103.349 1.471
201709 3.516 104.136 4.370
201712 1.039 104.011 1.293
201803 1.081 105.290 1.329
201806 3.554 106.317 4.326
201809 0.712 106.507 0.865
201812 -1.695 105.998 -2.070
201903 -0.667 107.251 -0.805
201906 0.825 108.070 0.988
201909 2.477 108.329 2.959
201912 1.481 108.420 1.768
202003 -1.200 108.902 -1.426
202006 0.474 108.767 0.564
202009 0.898 109.815 1.058
202012 2.870 109.897 3.380
202103 1.582 111.754 1.832
202106 0.284 114.631 0.321
202109 3.396 115.734 3.798
202112 8.618 117.630 9.482
202203 -1.368 121.301 -1.460
202206 1.179 125.017 1.221
202209 -0.516 125.227 -0.533
202212 -0.442 125.222 -0.457
202303 -5.035 127.348 -5.117
202306 0.491 128.729 0.494
202309 0.898 129.860 0.895
202312 2.081 129.419 2.081

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.


Valhi  (NYSE:VHI) 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.


Valhi Cyclically Adjusted Price-to-FCF Related Terms

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


Valhi (VHI) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5430 LBJ Freeway, Suite 1700, Dallas, TX, USA, 75240-2620
Valhi Inc is a holding company that provides chemicals, security products, waste management systems, and real estate development and management through its subsidiaries. It operates its business in three segments, which are Chemicals, Component Products, and Real Estate Management and Development. Through its segments the company produces and markets titanium dioxide pigments which generate the majority of the company revenues; manufactures security products; processes, treats, stores, and disposes of radioactive and toxic waste; and provides real estate management services. Valhi derives maximum revenue from the Chemicals segment. The company has a presence in Europe, North America, Asia Pacific, and the Rest of the World.
Executives
Gina A. Norris director 1329 MILLWOOD ROAD, MCKINNEY TX 75069
Amy A. Samford officer: Vice President and Controller 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Kevin B Kramer director C/O STONERIGDGE INC., 9400 E. MARKET ST, WARREN OH 44484
Bart W Reichert officer: Vice President, Internal Audit 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Patty S. Brinda officer: Vice President and Controller 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Robert D Graham director, officer: Executive VP and CLO 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Bryan A. Hanley officer: Vice President and Treasurer 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Darci B Scott officer: VP, Tax - Financial Reporting 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Kristin B Mccoy officer: Vice President, Tax 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Michael Shawn Simmons officer: VP & Chief Accounting Officer 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Jane Rast Grimm officer: VP and Assistant Secretary 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Valhi Inc /de/ 10 percent owner THREE LINCOLN CENTER, 5430 LBJ FREEWAY SUITE 1700, DALLAS TX 75240-2620
Dixie Rice Agricultural L.l.c. 10 percent owner 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Terri Herrington director C/O CONTRAN CORPORATION, 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
W Hayden Mcilroy director 25 HIGHLAND PARK VILLAGE, STE. 100-341, DALLAS TX 75205

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