GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PIX Transmissions Ltd (BOM:500333) » Definitions » Cyclically Adjusted FCF per Share

PIX Transmissions (BOM:500333) Cyclically Adjusted FCF per Share : ₹24.63 (As of Mar. 2024)


View and export this data going back to 2000. Start your Free Trial

What is PIX Transmissions Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

PIX Transmissions's adjusted free cash flow per share data for the fiscal year that ended in Mar. 2024 was ₹80.993. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₹24.63 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PIX Transmissions's average Cyclically Adjusted FCF Growth Rate was 70.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of PIX Transmissions was 24.50% per year. The lowest was -8.80% per year. And the median was 13.70% per year.

As of today (2024-06-20), PIX Transmissions's current stock price is ₹ 1302.60. PIX Transmissions's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar. 2024 was ₹24.63. PIX Transmissions's Cyclically Adjusted Price-to-FCF of today is 52.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PIX Transmissions was 68.76. The lowest was 4.40. And the median was 25.81.


PIX Transmissions Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PIX Transmissions's Cyclically Adjusted FCF per Share 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.

PIX Transmissions Cyclically Adjusted FCF per Share Chart

PIX Transmissions Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.10 20.59 19.58 14.49 24.63

PIX Transmissions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 14.49 - - - 24.63

Competitive Comparison of PIX Transmissions's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, PIX Transmissions'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.


PIX Transmissions's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



PIX Transmissions Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, PIX Transmissions's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=80.993/153.0345*153.0345
=80.993

Current CPI (Mar. 2024) = 153.0345.

PIX Transmissions Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -4.962 97.163 -7.815
201603 28.227 102.518 42.136
201703 7.829 105.196 11.389
201803 5.593 109.786 7.796
201903 6.561 118.202 8.494
202003 17.160 124.705 21.058
202103 24.173 131.771 28.074
202203 -11.513 138.822 -12.692
202303 64.139 146.865 66.834
202403 80.993 153.035 80.993

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


PIX Transmissions  (BOM:500333) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

PIX Transmissions's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1302.60/24.63
=52.89

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PIX Transmissions was 68.76. The lowest was 4.40. And the median was 25.81.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


PIX Transmissions Cyclically Adjusted FCF per Share Related Terms

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


PIX Transmissions (BOM:500333) Business Description

Traded in Other Exchanges
Address
One BKC, Bandra-Kurla Complex, 12th Floor, Unit No. 1208, B Wing, Bandra (East), Mumbai, MH, IND, 400 051
PIX Transmissions Ltd is engaged in the manufacturing of belts and related mechanical power transmission products in India. The company offers belt products for various sectors such as industrial, agricultural, lawn and garden, automotive, and special application. It also offers other belts such as Ribbed / Poly-V Belts, Banded Belts, Industrial Belts, Agriculture Belts and Other.

PIX Transmissions (BOM:500333) Headlines

No Headlines