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Inepar Industria e Construcoes (BSP:INEP4) Cyclically Adjusted FCF per Share : R$0.59 (As of Mar. 2024)


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What is Inepar Industria e Construcoes 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.

Inepar Industria e Construcoes's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$-0.133. 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 R$0.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Inepar Industria e Construcoes's average Cyclically Adjusted FCF Growth Rate was -61.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -45.70% 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 Inepar Industria e Construcoes was -13.10% per year. The lowest was -45.70% per year. And the median was -29.40% per year.

As of today (2024-06-18), Inepar Industria e Construcoes's current stock price is R$1.78. Inepar Industria e Construcoes's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.59. Inepar Industria e Construcoes's Cyclically Adjusted Price-to-FCF of today is 3.02.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Inepar Industria e Construcoes was 12.37. The lowest was 0.34. And the median was 2.81.


Inepar Industria e Construcoes Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Inepar Industria e Construcoes'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.

Inepar Industria e Construcoes Cyclically Adjusted FCF per Share Chart

Inepar Industria e Construcoes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.67 2.07 2.08 1.43 0.28

Inepar Industria e Construcoes 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 1.43 1.37 1.54 0.28 0.59

Competitive Comparison of Inepar Industria e Construcoes's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, Inepar Industria e Construcoes'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.


Inepar Industria e Construcoes's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

* The bar in red indicates where Inepar Industria e Construcoes's Cyclically Adjusted Price-to-FCF falls into.



Inepar Industria e Construcoes 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, Inepar Industria e Construcoes's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.133/159.3724*159.3724
=-0.133

Current CPI (Mar. 2024) = 159.3724.

Inepar Industria e Construcoes Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.707 91.838 6.433
201409 -1.333 92.602 -2.294
201412 3.943 94.194 6.671
201503 0.135 97.799 0.220
201506 -2.979 100.006 -4.747
201509 1.612 101.392 2.534
201512 8.120 104.247 12.414
201603 -0.076 106.979 -0.113
201606 0.259 108.851 0.379
201609 0.026 109.986 0.038
201612 -8.535 110.802 -12.276
201703 0.057 111.869 0.081
201706 0.071 112.115 0.101
201709 -0.087 112.777 -0.123
201712 -0.526 114.068 -0.735
201803 0.045 114.868 0.062
201806 -0.859 117.038 -1.170
201809 -0.112 117.881 -0.151
201812 -0.113 118.340 -0.152
201903 -0.117 120.124 -0.155
201906 -0.056 120.977 -0.074
201909 -1.413 121.292 -1.857
201912 1.000 123.436 1.291
202003 -0.068 124.092 -0.087
202006 0.011 123.557 0.014
202009 -0.969 125.095 -1.235
202012 -2.546 129.012 -3.145
202103 3.240 131.660 3.922
202106 -0.100 133.871 -0.119
202109 -0.443 137.913 -0.512
202112 0.882 141.992 0.990
202203 -0.305 146.537 -0.332
202206 3.450 149.784 3.671
202209 -0.547 147.800 -0.590
202212 -0.591 150.207 -0.627
202303 -0.031 153.352 -0.032
202306 -0.421 154.519 -0.434
202309 0.236 155.464 0.242
202312 -0.203 157.148 -0.206
202403 -0.133 159.372 -0.133

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


Inepar Industria e Construcoes  (BSP:INEP4) 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.

Inepar Industria e Construcoes's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.78/0.59
=3.02

* 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 Inepar Industria e Construcoes was 12.37. The lowest was 0.34. And the median was 2.81.


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.


Inepar Industria e Construcoes Cyclically Adjusted FCF per Share Related Terms

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


Inepar Industria e Construcoes (BSP:INEP4) Business Description

Traded in Other Exchanges
Address
Al Dos Jurupis 455, 10th Floor, Sao Paulo, SP, BRA, 4088001
Inepar SA Industria e Construcoes, together with its subsidiaries, is engaged in creating solutions, manufacture, and supply of capital goods, equipment, and services for the generation, transmission and distribution of electricity, among others.

Inepar Industria e Construcoes (BSP:INEP4) Headlines

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