GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greaves Cotton Ltd (BOM:501455) » Definitions » Cyclically Adjusted Price-to-FCF

Greaves Cotton (BOM:501455) Cyclically Adjusted Price-to-FCF : 63.04 (As of Jun. 16, 2024)


View and export this data going back to 1991. Start your Free Trial

What is Greaves Cotton Cyclically Adjusted Price-to-FCF?

As of today (2024-06-16), Greaves Cotton's current share price is ₹133.65. Greaves Cotton's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 was ₹2.12. Greaves Cotton's Cyclically Adjusted Price-to-FCF for today is 63.04.

The historical rank and industry rank for Greaves Cotton's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BOM:501455' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.87   Med: 29.48   Max: 67.29
Current: 62.9

During the past 13 years, Greaves Cotton's highest Cyclically Adjusted Price-to-FCF was 67.29. The lowest was 11.87. And the median was 29.48.

BOM:501455's Cyclically Adjusted Price-to-FCF is ranked worse than
71.87% of 1031 companies
in the Industrial Products industry
Industry Median: 32.14 vs BOM:501455: 62.90

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.

Greaves Cotton's adjusted free cash flow per share data of for the fiscal year that ended in Mar24 was ₹-13.442. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ₹2.12 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Greaves Cotton Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Greaves Cotton'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.

Greaves Cotton Cyclically Adjusted Price-to-FCF Chart

Greaves Cotton Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.32 24.68 39.10 31.52 59.51

Greaves Cotton Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 31.52 - - - 59.51

Competitive Comparison of Greaves Cotton's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Greaves Cotton'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.


Greaves Cotton's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Greaves Cotton 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.

Greaves Cotton's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=133.65/2.12
=63.04

* 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.

Greaves Cotton's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Greaves Cotton's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=-13.442/153.0345*153.0345
=-13.442

Current CPI (Mar24) = 153.0345.

Greaves Cotton Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 6.954 97.163 10.953
201603 7.986 102.518 11.921
201703 2.909 105.196 4.232
201803 9.383 109.786 13.079
201903 2.812 118.202 3.641
202003 1.079 124.705 1.324
202103 4.216 131.771 4.896
202203 -5.239 138.822 -5.775
202303 -9.194 146.865 -9.580
202403 -13.442 153.035 -13.442

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.


Greaves Cotton  (BOM:501455) 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.


Greaves Cotton Cyclically Adjusted Price-to-FCF Related Terms

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


Greaves Cotton (BOM:501455) Business Description

Traded in Other Exchanges
Address
LBS Marg, Kurla (West), Unit No. 1A, 5th Floor, Tower 3, Equinox Business Park, Mumbai, MH, IND, 400 070
Greaves Cotton Ltd is a diversified engineering company. The company is a manufacturer and marketer of diesel engines, petrol engines, generator sets, pump sets, and construction equipment. Its product is used in automotive, marine, farm, construction and industrial applications. The company's operating segment includes Engines, Electric mobility and Others. The Engine segment includes the application of engines in farm equipment and gensets. It generates maximum revenue from the Engines segment. Geographically, it derives a majority of revenue from India.

Greaves Cotton (BOM:501455) Headlines

No Headlines