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Lindsay (STU:LMF) Cyclically Adjusted FCF per Share : €2.52 (As of Feb. 2024)


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What is Lindsay 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.

Lindsay's adjusted free cash flow per share for the three months ended in Feb. 2024 was €-1.805. 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 €2.52 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Lindsay's average Cyclically Adjusted FCF Growth Rate was 17.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 2.50% 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 Lindsay was 24.00% per year. The lowest was -7.60% per year. And the median was 2.00% per year.

As of today (2024-05-22), Lindsay's current stock price is €106.20. Lindsay's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €2.52. Lindsay's Cyclically Adjusted Price-to-FCF of today is 42.14.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lindsay was 74.78. The lowest was 23.87. And the median was 34.98.


Lindsay Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Lindsay'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.

Lindsay Cyclically Adjusted FCF per Share Chart

Lindsay Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 1.95 2.35 2.45 2.76

Lindsay 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 2.11 2.47 2.76 2.83 2.52

Competitive Comparison of Lindsay's Cyclically Adjusted FCF per Share

For the Farm & Heavy Construction Machinery subindustry, Lindsay'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.


Lindsay's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lindsay's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Lindsay 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, Lindsay'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)
=-1.805/130.9299*130.9299
=-1.805

Current CPI (Feb. 2024) = 130.9299.

Lindsay Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 1.750 100.373 2.283
201408 0.943 100.352 1.230
201411 0.134 99.635 0.176
201502 0.511 99.032 0.676
201505 1.157 100.333 1.510
201508 0.778 100.548 1.013
201511 0.314 100.135 0.411
201602 -1.323 100.040 -1.732
201605 1.861 101.355 2.404
201608 0.954 101.617 1.229
201611 0.583 101.829 0.750
201702 -0.016 102.779 -0.020
201705 0.991 103.256 1.257
201708 0.974 103.587 1.231
201711 -0.552 104.072 -0.694
201802 -0.500 105.052 -0.623
201805 1.166 106.148 1.438
201808 1.734 106.383 2.134
201811 -1.630 106.338 -2.007
201902 -2.575 106.649 -3.161
201905 0.968 108.048 1.173
201908 1.697 108.245 2.053
201911 -0.232 108.519 -0.280
202002 -0.400 109.139 -0.480
202005 0.945 108.175 1.144
202008 1.622 109.662 1.937
202011 0.758 109.793 0.904
202102 -1.144 110.968 -1.350
202105 1.011 113.576 1.165
202108 0.718 115.421 0.814
202111 -2.164 117.269 -2.416
202202 -1.243 119.703 -1.360
202205 0.482 123.323 0.512
202208 2.195 124.958 2.300
202211 0.078 125.607 0.081
202302 -0.019 126.928 -0.020
202305 3.764 128.314 3.841
202308 4.564 129.538 4.613
202311 1.248 129.548 1.261
202402 -1.805 130.930 -1.805

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


Lindsay  (STU:LMF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=106.20/2.52
=42.14

* 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 Lindsay was 74.78. The lowest was 23.87. And the median was 34.98.


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.


Lindsay Cyclically Adjusted FCF per Share Related Terms

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


Lindsay (STU:LMF) Business Description

Traded in Other Exchanges
Address
18135 Burke Street, Suite 100, Omaha, NE, USA, 68022
Lindsay Corp provides various proprietary water management and road infrastructure products and services. It has operations categorized into two main reporting segments: Irrigation, and Infrastructure. The company generates maximum revenue from the Irrigation segment. Its Irrigation segment includes manufacturing and marketing center pivot, lateral move, and hose reel irrigation systems, as well as various technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of its revenue from the United States.

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