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AZZ (STU:AI7) Cyclically Adjusted FCF per Share : €3.30 (As of Feb. 2024)


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What is AZZ 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.

AZZ's adjusted free cash flow per share for the three months ended in Feb. 2024 was €1.304. 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 €3.30 for the trailing ten years ended in Feb. 2024.

During the past 12 months, AZZ's average Cyclically Adjusted FCF Growth Rate was 9.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.40% 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 AZZ was 40.80% per year. The lowest was -6.10% per year. And the median was 15.40% per year.

As of today (2024-05-23), AZZ's current stock price is €77.00. AZZ's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €3.30. AZZ's Cyclically Adjusted Price-to-FCF of today is 23.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AZZ was 37.31. The lowest was 8.61. And the median was 17.43.


AZZ Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AZZ'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.

AZZ Cyclically Adjusted FCF per Share Chart

AZZ Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2.99 3.08 3.30

AZZ Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 3.08 3.16 3.16 3.09 3.30

Competitive Comparison of AZZ's Cyclically Adjusted FCF per Share

For the Specialty Business Services subindustry, AZZ'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.


AZZ's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AZZ's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AZZ 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, AZZ's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.304/130.9299*130.9299
=1.304

Current CPI (Feb. 2024) = 130.9299.

AZZ Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.176 100.373 0.230
201408 1.053 100.352 1.374
201411 0.644 99.635 0.846
201502 0.877 99.032 1.159
201505 -0.061 100.333 -0.080
201508 1.208 100.548 1.573
201511 1.395 100.135 1.824
201602 1.101 100.040 1.441
201605 -0.022 101.355 -0.028
201608 1.055 101.617 1.359
201611 -0.075 101.829 -0.096
201702 1.498 102.779 1.908
201705 -0.900 103.256 -1.141
201708 0.393 103.587 0.497
201711 1.018 104.072 1.281
201802 0.935 105.052 1.165
201805 -0.494 106.148 -0.609
201808 0.821 106.383 1.010
201811 1.174 106.338 1.446
201902 1.396 106.649 1.714
201905 -0.771 108.048 -0.934
201908 1.517 108.245 1.835
201911 0.957 108.519 1.155
202002 2.092 109.139 2.510
202005 -0.771 108.175 -0.933
202008 1.128 109.662 1.347
202011 0.604 109.793 0.720
202102 1.075 110.968 1.268
202105 0.116 113.576 0.134
202108 0.796 115.421 0.903
202111 0.238 117.269 0.266
202202 1.009 119.703 1.104
202205 0.560 123.323 0.595
202208 1.128 124.958 1.182
202211 -0.271 125.607 -0.282
202302 -1.066 126.928 -1.100
202305 0.942 128.314 0.961
202308 1.436 129.538 1.451
202311 1.210 129.548 1.223
202402 1.304 130.930 1.304

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


AZZ  (STU:AI7) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=77.00/3.3
=23.33

* 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 AZZ was 37.31. The lowest was 8.61. And the median was 17.43.


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.


AZZ Cyclically Adjusted FCF per Share Related Terms

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


AZZ (STU:AI7) Business Description

Industry
Traded in Other Exchanges
Address
3100 West 7th Street, Suite 500, One Museum Place, Fort Worth, TX, USA, 76107
AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.

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