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NTPC (BOM:532555) Cyclically Adjusted Price-to-FCF : 101.33 (As of May. 23, 2024)


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What is NTPC Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), NTPC's current share price is ₹373.90. NTPC's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was ₹3.69. NTPC's Cyclically Adjusted Price-to-FCF for today is 101.33.

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

BOM:532555' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 45.93   Med: 58.68   Max: 116.97
Current: 98.97

During the past 13 years, NTPC's highest Cyclically Adjusted Price-to-FCF was 116.97. The lowest was 45.93. And the median was 58.68.

BOM:532555's Cyclically Adjusted Price-to-FCF is ranked worse than
89.08% of 229 companies
in the Utilities - Regulated industry
Industry Median: 17.14 vs BOM:532555: 98.97

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.

NTPC's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was ₹15.710. 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 ₹3.69 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


NTPC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NTPC'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.

NTPC Cyclically Adjusted Price-to-FCF Chart

NTPC Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 98.75 47.47

NTPC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
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 - - 47.47 - -

Competitive Comparison of NTPC's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, NTPC'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.


NTPC's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NTPC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



NTPC 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=373.90/3.69
=101.33

* 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.

NTPC's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, NTPC's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=15.71/146.8646*146.8646
=15.710

Current CPI (Mar23) = 146.8646.

NTPC Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.443 91.425 -3.924
201503 -4.479 97.163 -6.770
201603 3.019 102.518 4.325
201703 -4.278 105.196 -5.973
201803 0.913 109.786 1.221
201903 -2.952 118.202 -3.668
202003 5.720 124.705 6.736
202103 9.276 131.771 10.339
202203 17.886 138.822 18.922
202303 15.710 146.865 15.710

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.


NTPC  (BOM:532555) 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.


NTPC Cyclically Adjusted Price-to-FCF Related Terms

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


NTPC (BOM:532555) Business Description

Industry
Traded in Other Exchanges
Address
NTPC Bhawan, Lodhi Road, 7 Institutional Area, Scope Complex, New Delhi, IND, 110 003
NTPC Ltd is an Indian state-owned electric utility company. It is the largest power producer in India and supplies a significant amount of the nation's total needs. The company primarily generates revenue through the sale of electricity to state-owned Indian power distribution companies from its stations throughout the country. NTPC also brings in a significant amount of revenue through its consultancy wing, which provides project management and supervision, energy trading, oil and gas exploration and coal mining. While the vast majority of its facilities use coal and gas fuel sources, NTPC has also increased its capacity through renewable energy sources, such as hydroelectric, solar, and thermal power, and plans to continue this trend going forward.

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