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Budimex (WAR:BDX) Cyclically Adjusted FCF per Share : zł29.79 (As of Jun. 2024)


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What is Budimex 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.

Budimex's adjusted free cash flow per share for the three months ended in Jun. 2024 was zł-15.710. 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 zł29.79 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Budimex's average Cyclically Adjusted FCF Growth Rate was 5.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 28.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.30% 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 Budimex was 28.30% per year. The lowest was -2.70% per year. And the median was 16.40% per year.

As of today (2024-09-22), Budimex's current stock price is zł591.50. Budimex's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was zł29.79. Budimex's Cyclically Adjusted Price-to-FCF of today is 19.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Budimex was 26.13. The lowest was 6.36. And the median was 12.49.


Budimex Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Budimex'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.

Budimex Cyclically Adjusted FCF per Share Chart

Budimex 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 15.14 13.38 15.61 23.86 28.24

Budimex Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 28.19 26.85 28.24 30.67 29.79

Competitive Comparison of Budimex's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, Budimex'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.


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

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-15.71/150.9971*150.9971
=-15.710

Current CPI (Jun. 2024) = 150.9971.

Budimex Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 10.326 100.611 15.497
201412 21.082 100.122 31.794
201503 -1.350 100.041 -2.038
201506 -3.629 100.448 -5.455
201509 10.941 99.634 16.581
201512 20.224 99.471 30.700
201603 -6.930 98.983 -10.572
201606 -1.170 99.552 -1.775
201609 11.204 99.064 17.078
201612 19.136 100.366 28.789
201703 -24.568 101.018 -36.723
201706 -8.483 101.180 -12.660
201709 11.875 101.343 17.693
201712 27.560 102.564 40.574
201803 -26.504 102.564 -39.020
201806 -14.066 103.378 -20.545
201809 -3.832 103.378 -5.597
201812 23.010 103.785 33.477
201903 -18.413 104.274 -26.664
201906 -8.468 105.983 -12.065
201909 17.915 105.983 25.524
201912 29.739 107.123 41.919
202003 13.022 109.076 18.027
202006 4.465 109.402 6.163
202009 20.438 109.320 28.230
202012 -5.607 109.565 -7.727
202103 16.060 112.658 21.526
202106 2.436 113.960 3.228
202109 0.125 115.588 0.163
202112 6.308 119.088 7.998
202203 15.202 125.031 18.359
202206 -11.769 131.705 -13.493
202209 10.219 135.531 11.385
202212 37.429 139.113 40.627
202303 6.820 145.950 7.056
202306 -2.759 147.009 -2.834
202309 4.923 146.113 5.088
202312 36.842 147.741 37.654
202403 5.594 149.044 5.667
202406 -15.710 150.997 -15.710

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


Budimex  (WAR:BDX) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=591.50/29.79
=19.86

* 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 Budimex was 26.13. The lowest was 6.36. And the median was 12.49.


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.


Budimex Cyclically Adjusted FCF per Share Related Terms

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


Budimex Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Budimex SA (WAR:BDX) » Definitions » Cyclically Adjusted FCF per Share
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Address
Siedmiogrodzka 9 Street, Warsaw, POL, 01-204
Budimex SA provides construction services, property development and management, and other systems to better coordinate resources and constructs complex structures. It offers a full spectrum of construction services, including general contracting for commercial buildings, residential buildings, and sports facilities. In addition, the company develops roads, rail systems, airport infrastructure, and other transportation amenities for various clients. Additional revenue is generated from constructing industrial plants, environmental facilities, and other large steel constructions. It utilizes technicians to suggest and provide optimal technological solutions to customers. The majority of revenue is derived from Poland.