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IES Holdings (XTAE:IES) Cyclically Adjusted FCF per Share : ₪5.25 (As of Mar. 2024)


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What is IES Holdings 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.

IES Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₪2.384. 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 ₪5.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, IES Holdings's average Cyclically Adjusted FCF Growth Rate was 11.50% 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.

As of today (2024-06-13), IES Holdings's current stock price is ₪200.00. IES Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₪5.25. IES Holdings's Cyclically Adjusted Price-to-FCF of today is 38.10.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of IES Holdings was 63.42. The lowest was 36.19. And the median was 45.63.


IES Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for IES Holdings'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.

IES Holdings Cyclically Adjusted FCF per Share Chart

IES Holdings 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 - - - - 5.04

IES Holdings 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 4.71 4.84 4.93 5.04 5.25

Competitive Comparison of IES Holdings's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, IES Holdings'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.


IES Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, IES Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



IES Holdings 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, IES Holdings'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)
=2.384/131.7762*131.7762
=2.384

Current CPI (Mar. 2024) = 131.7762.

IES Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 0.000 96.871 0.000
201312 0.000 98.326 0.000
201412 0.000 99.070 0.000
201503 0.429 99.621 0.567
201506 1.437 100.684 1.881
201509 1.616 100.392 2.121
201512 1.614 99.792 2.131
201603 -9.408 100.470 -12.339
201606 0.827 101.688 1.072
201609 0.926 101.861 1.198
201612 0.844 101.863 1.092
201703 0.170 102.862 0.218
201706 0.613 103.349 0.782
201709 0.290 104.136 0.367
201712 3.237 104.011 4.101
201803 1.848 105.290 2.313
201806 3.778 106.317 4.683
201809 1.613 106.507 1.996
201812 1.479 105.998 1.839
201903 1.498 107.251 1.841
201906 1.784 108.070 2.175
201909 0.516 108.329 0.628
201912 1.371 108.420 1.666
202003 1.152 108.902 1.394
202006 1.252 108.767 1.517
202009 1.200 109.815 1.440
202012 1.075 109.897 1.289
202103 1.671 111.754 1.970
202106 1.194 114.631 1.373
202109 1.210 115.734 1.378
202112 1.449 117.630 1.623
202203 1.350 121.301 1.467
202206 1.219 125.017 1.285
202209 1.139 125.227 1.199
202212 2.033 125.222 2.139
202303 1.779 127.348 1.841
202306 1.833 128.729 1.876
202309 1.656 129.860 1.680
202312 2.348 129.419 2.391
202403 2.384 131.776 2.384

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


IES Holdings  (XTAE:IES) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=200.00/5.25
=38.10

* 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 IES Holdings was 63.42. The lowest was 36.19. And the median was 45.63.


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.


IES Holdings Cyclically Adjusted FCF per Share Related Terms

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


IES Holdings (XTAE:IES) Business Description

Industry
Traded in Other Exchanges
N/A
Address
33 Montefiore Street, Tel Aviv, ISR, 65201
IES Holdings Ltd is an investment and holding group with major interests in real estate. The company real estate projects include Andromeda Hill project, Palmachim Industrial Park, and Sochi Tower project. It also invests in other companies.

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