GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Woodward Inc (NAS:WWD) » Definitions » Cyclically Adjusted Price-to-FCF

Woodward (Woodward) Cyclically Adjusted Price-to-FCF : 38.90 (As of Apr. 29, 2024)


View and export this data going back to 1996. Start your Free Trial

What is Woodward Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Woodward's current share price is $150.925. Woodward's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.88. Woodward's Cyclically Adjusted Price-to-FCF for today is 38.90.

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

WWD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.61   Med: 35.72   Max: 56.95
Current: 38.76

During the past years, Woodward's highest Cyclically Adjusted Price-to-FCF was 56.95. The lowest was 22.61. And the median was 35.72.

WWD's Cyclically Adjusted Price-to-FCF is ranked worse than
54.95% of 111 companies
in the Aerospace & Defense industry
Industry Median: 36.1 vs WWD: 38.76

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.

Woodward's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.080. 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 $3.88 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Woodward Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Woodward'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.

Woodward Cyclically Adjusted Price-to-FCF Chart

Woodward Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.41 31.89 35.34 22.60 31.83

Woodward 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 27.60 27.67 32.08 31.83 35.04

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

For the Aerospace & Defense subindustry, Woodward'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.


Woodward's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Woodward's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Woodward 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=150.925/3.88
=38.90

* 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.

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

For example, Woodward'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)
=0.08/129.4194*129.4194
=0.080

Current CPI (Dec. 2023) = 129.4194.

Woodward Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.719 99.695 0.933
201406 0.347 100.560 0.447
201409 -0.192 100.428 -0.247
201412 -0.131 99.070 -0.171
201503 0.340 99.621 0.442
201506 -0.502 100.684 -0.645
201509 0.444 100.392 0.572
201512 0.066 99.792 0.086
201603 4.093 100.470 5.272
201606 -0.452 101.688 -0.575
201609 0.407 101.861 0.517
201612 0.491 101.863 0.624
201703 0.876 102.862 1.102
201706 0.501 103.349 0.627
201709 1.520 104.136 1.889
201712 -0.486 104.011 -0.605
201803 0.458 105.290 0.563
201806 1.162 106.317 1.415
201809 1.553 106.507 1.887
201812 0.833 105.998 1.017
201903 0.515 107.251 0.621
201906 0.846 108.070 1.013
201909 2.323 108.329 2.775
201912 0.158 108.420 0.189
202003 0.195 108.902 0.232
202006 2.373 108.767 2.824
202009 2.016 109.815 2.376
202012 2.149 109.897 2.531
202103 1.009 111.754 1.168
202106 1.379 114.631 1.557
202109 1.984 115.734 2.219
202112 0.402 117.630 0.442
202203 -0.003 121.301 -0.003
202206 0.370 125.017 0.383
202209 1.501 125.227 1.551
202212 -0.312 125.222 -0.322
202303 0.246 127.348 0.250
202306 1.662 128.729 1.671
202309 2.148 129.860 2.141
202312 0.080 129.419 0.080

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.


Woodward  (NAS:WWD) 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.


Woodward Cyclically Adjusted Price-to-FCF Related Terms

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


Woodward (Woodward) Business Description

Industry
Traded in Other Exchanges
Address
1081 Woodward Way, Fort Collins, CO, USA, 80524
Woodward Inc is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It designs, produces, and service reliable, efficient, low-emission, and high-performance energy control products for diverse applications in challenging environments. The company holds production and assembly facilities primarily in the United States, Europe, and Asia, and promotes products and services through worldwide locations.
Executives
Randall Hobbs officer: President, Industrial 1081 WOODWARD WAY, FORT COLLINS CO 80524
John D Cohn director C/O ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Ronald M Sega director 10877 WILSHIRE BLVD, SUITE 710, LOS ANGELES CA 90024
Christopher Fawzy officer: VP, Gen Counsel & Corp Sec 201 MENTOR DRIVE, SANTA BARBARA CA 93111
Rajeev Bhalla director 1081 WOODWARD WAY, FORT COLLINS CO 80524
Mary D Petryszyn director 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Tana Leigh Utley director C/O SPX TECHNOLOGIES, INC., 6325 ARDREY KELL ROAD, SUITE 400, CHARLOTTE NC 28277
Gregg C Sengstack director FRANKLIN ELECTRIC CO INC, 9255 COVERDALE RD, FORT WAYNE IN 46809
William F. Lacey officer: CFO 1081 WOODWARD WAY, FORT COLLINS CO 80524
Charles P Blankenship director, officer: CEO and President 1081 WOODWARD WAY, FORT COLLINS CO 80524
Mark D Hartman officer: Chief Financial Officer 1081 WOODWARD WAY, FORT COLLINS CO 80524
Paul Donovan director PO BOX 7003, ROCKFORD IL 61125-7003
David P Hess director 390 PARK AVENUE, NEW YORK NY 10022
Mary L Petrovich director
Daniel G. Korte director C/O LMI AEROSPACE, INC., 411 FOUNTAIN LAKE BLVD., ST. CHARLES MO 63301

Woodward (Woodward) Headlines

From GuruFocus

DELTA CAPITAL MANAGEMENT LLC's Top 5 Sells of the 3rd Quarter

By GuruFocus Research GuruFocus Editor 10-13-2022

DELTA CAPITAL MANAGEMENT LLC Cuts Portfolio Down to Size in 4th Quarter

By GuruFocus Research GuruFocus Editor 01-17-2023

Is Woodward Inc Undervalued Following the Latest Insider Buy?

By GuruFocus Research GuruFocus Editor 08-06-2022

Is Woodward Inc Undervalued Following the Latest Insider Buy?

By GuruFocus Research GuruFocus Editor 08-07-2022

Adalta Capital Management LLC Buys 1, Sells 4 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 08-18-2022