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IMI (IMIUY) Cyclically Adjusted FCF per Share : $1.12 (As of Dec. 2023)


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What is IMI 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.

IMI's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.915. 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 $1.12 for the trailing ten years ended in Dec. 2023.

During the past 12 months, IMI's average Cyclically Adjusted FCF Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.40% 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 IMI was 38.70% per year. The lowest was -9.10% per year. And the median was 11.10% per year.

As of today (2024-06-06), IMI's current stock price is $23.54. IMI's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.12. IMI's Cyclically Adjusted Price-to-FCF of today is 21.02.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of IMI was 39.03. The lowest was 10.17. And the median was 19.21.


IMI Cyclically Adjusted FCF per Share Historical Data

The historical data trend for IMI'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.

IMI Cyclically Adjusted FCF per Share Chart

IMI 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 - - - - 1.12

IMI Quarterly Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - - - 1.12

Competitive Comparison of IMI's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, IMI'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.


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

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

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



IMI 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, IMI'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)
=0.915/130.5000*130.5000
=0.915

Current CPI (Dec. 2023) = 130.5000.

IMI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200306 0.000 76.700 0.000
200312 0.000 77.300 0.000
200506 -0.169 79.400 -0.278
200512 0.000 80.300 0.000
200606 0.074 81.500 0.118
200612 0.378 82.600 0.597
200706 -0.053 83.500 -0.083
200712 0.381 84.500 0.588
200806 0.171 86.600 0.258
200812 0.599 87.100 0.897
200906 0.212 88.100 0.314
200912 0.775 88.900 1.138
201006 0.144 90.200 0.208
201012 0.898 91.700 1.278
201106 0.252 93.500 0.352
201112 0.629 95.000 0.864
201206 0.081 95.600 0.111
201212 0.859 97.300 1.152
201306 0.488 98.000 0.650
201312 0.964 99.200 1.268
201406 -0.032 99.800 -0.042
201412 0.295 99.900 0.385
201506 0.331 100.100 0.432
201512 0.629 100.400 0.818
201606 0.280 101.000 0.362
201612 0.582 102.200 0.743
201706 0.254 103.500 0.320
201712 0.445 105.000 0.553
201806 0.143 105.900 0.176
201812 0.557 107.100 0.679
201906 0.395 107.900 0.478
201912 0.795 108.500 0.956
202006 0.361 108.800 0.433
202012 0.989 109.400 1.180
202106 0.383 111.400 0.449
202112 0.683 114.700 0.777
202206 0.225 120.500 0.244
202212 0.774 125.300 0.806
202306 0.463 129.400 0.467
202312 0.915 130.500 0.915

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


IMI  (OTCPK:IMIUY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.54/1.12
=21.02

* 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 IMI was 39.03. The lowest was 10.17. And the median was 19.21.


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.


IMI Cyclically Adjusted FCF per Share Related Terms

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


IMI (IMIUY) Business Description

Industry
Traded in Other Exchanges
Address
Lakeside, Solihull Parkway, Birmingham Business Park, Birmingham, GBR, B37 7XZ
IMI plc is a specialized engineering company that manufactures and services products for controlling the movement of air and fluids. It develops technologies centered around valves and actuators to improve processes. The company's segments are grouped into five sectors: Process Automation, Industrial Automation, Life Science and Fluid Control, Climate Control, and Transport. Solutions can help with power generation in nuclear power plants, fuel delivery, or provide heating and cooling systems to various buildings. Customers work in energy, transportation, infrastructure, and other industrial sectors. It operates a global service network to provide maintenance and repairs. Revenue based on customer location is fairly split between Western Europe, North America, and emerging markets.

IMI (IMIUY) Headlines

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