GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Air Change International Ltd (ASX:AHJ) » Definitions » Cyclically Adjusted Price-to-FCF

Air Change International (ASX:AHJ) Cyclically Adjusted Price-to-FCF : (As of May. 16, 2024)


View and export this data going back to . Start your Free Trial

What is Air Change International Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Change International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Air Change International's Cyclically Adjusted Price-to-FCF 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.

Air Change International Cyclically Adjusted Price-to-FCF Chart

Air Change International Annual Data
Trend Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Air Change International Semi-Annual Data
Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15
Cyclically Adjusted Price-to-FCF 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 - - - - -

Competitive Comparison of Air Change International's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Air Change International'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.


Air Change International's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Air Change International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Air Change International Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Air Change International's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun15 is calculated as:

For example, Air Change International's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun15 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun15 (Change)*Current CPI (Jun15)
=0.027/99.8375*99.8375
=0.027

Current CPI (Jun15) = 99.8375.

Air Change International Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200606 -0.263 79.777 -0.329
200706 -0.034 81.449 -0.042
200806 -0.328 85.071 -0.385
200906 -0.218 86.278 -0.252
201006 0.024 88.971 0.027
201106 -0.017 92.129 -0.018
201206 0.065 93.244 0.070
201306 -0.084 95.473 -0.088
201406 0.089 98.352 0.090
201506 0.027 99.838 0.027

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


Air Change International  (ASX:AHJ) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Air Change International Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Air Change International's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Air Change International (ASX:AHJ) Business Description

Traded in Other Exchanges
N/A
Address
11 Broadhurst Road, Ingleburn, NSW, AUS, 2565
Air Change International Ltd operates through its subsidiaries, designs, manufactures and sells heating, cooling, and ventilation equipment for industrial, commercial, and institutional buildings and processes in Australia. It is a manufacturer of heating, ventilation and air conditioning systems, which incorporates energy and heat recovery technology and minimises the energy required to condition the fresh outdoor air supply for the indoor environment.

Air Change International (ASX:AHJ) Headlines

No Headlines