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Tutor Perini (STU:PE2) Cyclically Adjusted FCF per Share : €1.01 (As of Mar. 2024)


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What is Tutor Perini 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.

Tutor Perini's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.539. 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 €1.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tutor Perini's average Cyclically Adjusted FCF Growth Rate was 89.80% 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 Tutor Perini was 48.30% per year. The lowest was -40.80% per year. And the median was -7.90% per year.

As of today (2024-05-26), Tutor Perini's current stock price is €19.10. Tutor Perini's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.01. Tutor Perini's Cyclically Adjusted Price-to-FCF of today is 18.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tutor Perini was 214.80. The lowest was 8.58. And the median was 21.15.


Tutor Perini Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tutor Perini'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.

Tutor Perini Cyclically Adjusted FCF per Share Chart

Tutor Perini 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 -0.30 -0.10 -0.22 0.30 0.72

Tutor Perini 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 0.54 0.53 0.69 0.72 1.01

Competitive Comparison of Tutor Perini's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, Tutor Perini'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.


Tutor Perini's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tutor Perini's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tutor Perini 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, Tutor Perini'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)
=1.539/131.7762*131.7762
=1.539

Current CPI (Mar. 2024) = 131.7762.

Tutor Perini Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.580 100.560 -0.760
201409 -1.471 100.428 -1.930
201412 0.813 99.070 1.081
201503 -0.149 99.621 -0.197
201506 -0.953 100.684 -1.247
201509 0.870 100.392 1.142
201512 -0.170 99.792 -0.224
201603 0.203 100.470 0.266
201606 -0.274 101.688 -0.355
201609 1.565 101.861 2.025
201612 0.257 101.863 0.332
201703 -0.707 102.862 -0.906
201706 -0.075 103.349 -0.096
201709 0.580 104.136 0.734
201712 2.350 104.011 2.977
201803 -1.520 105.290 -1.902
201806 -0.294 106.317 -0.364
201809 0.196 106.507 0.243
201812 0.756 105.998 0.940
201903 -2.459 107.251 -3.021
201906 -0.205 108.070 -0.250
201909 3.582 108.329 4.357
201912 0.065 108.420 0.079
202003 -0.814 108.902 -0.985
202006 1.265 108.767 1.533
202009 1.006 109.815 1.207
202012 0.487 109.897 0.584
202103 -0.925 111.754 -1.091
202106 -1.513 114.631 -1.739
202109 -0.490 115.734 -0.558
202112 -0.125 117.630 -0.140
202203 1.932 121.301 2.099
202206 0.759 125.017 0.800
202209 1.152 125.227 1.212
202212 -1.123 125.222 -1.182
202303 0.064 127.348 0.066
202306 0.775 128.729 0.793
202309 1.589 129.860 1.612
202312 2.120 129.419 2.159
202403 1.539 131.776 1.539

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


Tutor Perini  (STU:PE2) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=19.10/1.01
=18.91

* 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 Tutor Perini was 214.80. The lowest was 8.58. And the median was 21.15.


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.


Tutor Perini Cyclically Adjusted FCF per Share Related Terms

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


Tutor Perini (STU:PE2) Business Description

Industry
Traded in Other Exchanges
Address
15901 Olden Street, Sylmar, CA, USA, 91342
Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. It plans and schedules the manpower, equipment, materials, and subcontractors required for a project. Tutor Perini has three operating segments: civil, building, and specialty contractors and generates majority revenue from civil segment. The company offers self-performed construction services, including site work, concrete forming, steel erection, electrical, mechanical, and heating, ventilation, and air conditioning, or HVAC. The majority of its total revenue is derived from the United States.

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