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Filtra Consultants and Engineers (BOM:539098) Owner Earnings per Share (TTM)

: 1.59 (As of Mar. 2023)
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In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Filtra Consultants and Engineers's Owner Earnings per Share (TTM) ended in Mar. 2023 was ₹1.59. It's Price-to-Owner-Earnings ratio for today is 21.7.


The historical rank and industry rank for Filtra Consultants and Engineers's Owner Earnings per Share (TTM) or its related term are showing as below:

BOM:539098' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 22.83   Med: 1292.27   Max: 1790.91
Current: 22.83


During the past 9 years, the highest Price-to-Owner-Earnings ratio of Filtra Consultants and Engineers was 1790.91. The lowest was 22.83. And the median was 1292.27.


BOM:539098's Price-to-Owner-Earnings is ranked better than
51.19% of 1223 companies
in the Industrial Products industry
Industry Median: 23.58 vs BOM:539098: 22.83

Filtra Consultants and Engineers's Earnings per Share (Diluted) for the six months ended in Mar. 2022 was ₹2.31. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2022 was ₹3.66. It's PE Ratio ratio for today is 9.43.

Filtra Consultants and Engineers's EPS without NRI for the six months ended in Mar. 2022 was ₹2.31. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2022 was ₹3.66. It's PE Ratio without NRI ratio for today is 9.43.


Filtra Consultants and Engineers Owner Earnings per Share (TTM) Historical Data

The historical data trend for Filtra Consultants and Engineers's Owner Earnings per Share (TTM) 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.

Filtra Consultants and Engineers Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Owner Earnings per Share (TTM)
Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.01 -3.06 0.01 -0.35 1.59

Filtra Consultants and Engineers Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23
Owner Earnings per Share (TTM) 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 - 0.01 - -0.35 1.59

Competitive Comparison

For the Pollution & Treatment Controls subindustry, Filtra Consultants and Engineers's Owner Earnings per Share (TTM), along with its competitors' market caps and Owner Earnings per Share (TTM) 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.

   

Filtra Consultants and Engineers Owner Earnings per Share (TTM) Distribution

For the Industrial Products industry and Industrials sector, Filtra Consultants and Engineers's Owner Earnings per Share (TTM) distribution charts can be found below:

* The bar in red indicates where Filtra Consultants and Engineers's Owner Earnings per Share (TTM) falls in comparison to its industry or sector. The grey bar indicates the Owner Earnings per Share (TTM)'s extreme value range as defined by GuruFocus.



Filtra Consultants and Engineers Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Filtra Consultants and Engineers's Owner Earnings per Share (TTM) Calculation:

Last Year Average of Last 5 Years
Net Income 34.4
Depreciation, Depletion and Amortization 1.8
Change In Deferred Tax 0.0
5Y Average of Maintenance Capital Expenditure 7.8
Change In Working Capital -15.4
Shares Outstanding (Diluted Average) 8.2

1. Start with "Net Income" from income statement. Filtra Consultants and Engineers's Net Income for the trailing twelve months (TTM) ended in Mar. 2023 was ₹34.4 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Filtra Consultants and Engineers's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Mar. 2023 was ₹1.8 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. Filtra Consultants and Engineers's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2023 was ₹0.0 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = ₹7.8 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous year. If the revenue decreased from the previous year, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous year, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

Filtra Consultants and Engineers's 5-Year Average Maintenance Capital Expenditure = ₹7.8 Mil

5. "Change In Working Capital" is from cashflow statement. Filtra Consultants and Engineers's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-15.4 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.

6. Filtra Consultants and Engineers's Shares Outstanding (Diluted Average) for the months ended in Mar. 2023 was 8.218 Mil.

Filtra Consultants and Engineers's Onwer Earnings Per Share for Mar. 2023 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 34.432 +1.783+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-7.7546+-15.373)/8.218
=1.59

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=34.50/1.59
=21.7

* 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.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Filtra Consultants and Engineers Owner Earnings per Share (TTM) Related Terms

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Filtra Consultants and Engineers (BOM:539098) Business Description

Filtra Consultants and Engineers logo
Traded in Other Exchanges
N/A
Address
Sahakar Wadi, Off Aarey Road, 1501, Synergy Business Park, Near Synthofine Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063
Filtra Consultants and Engineers Ltd is an India based company engaged in the business of selling water treatment products and provides related services. It trades in water treatment products such as multiport valves, dosing systems, electronic dosing pumps, pressure vessels, conductivity meters, rotameters, among others. The company also has a business-to-business (B2B) e-commerce website for water treatment components. Its business activity falls under the primary segment of the Trading and manufacturing activity of the water treatment system. The organization sells its products in India and also exports them internationally.

Filtra Consultants and Engineers (BOM:539098) Headlines

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