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Centrais Eletricas Brasileiras (BSP:ELET6) Cyclically Adjusted Price-to-FCF : 377.82 (As of May. 01, 2024)


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What is Centrais Eletricas Brasileiras Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Centrais Eletricas Brasileiras's current share price is R$41.56. Centrais Eletricas Brasileiras's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$0.11. Centrais Eletricas Brasileiras's Cyclically Adjusted Price-to-FCF for today is 377.82.

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

BSP:ELET6' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.28   Med: 16.44   Max: 437.5
Current: 392.61

During the past years, Centrais Eletricas Brasileiras's highest Cyclically Adjusted Price-to-FCF was 437.50. The lowest was 4.28. And the median was 16.44.

BSP:ELET6's Cyclically Adjusted Price-to-FCF is ranked worse than
99.17% of 120 companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.28 vs BSP:ELET6: 392.61

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.

Centrais Eletricas Brasileiras's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$-0.106. 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 R$0.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Centrais Eletricas Brasileiras Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Centrais Eletricas Brasileiras'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.

Centrais Eletricas Brasileiras Cyclically Adjusted Price-to-FCF Chart

Centrais Eletricas Brasileiras Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.49 17.60 10.52 49.75 440.00

Centrais Eletricas Brasileiras Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 49.75 83.92 120.58 210.84 440.00

Competitive Comparison of Centrais Eletricas Brasileiras's Cyclically Adjusted Price-to-FCF

For the Utilities - Renewable subindustry, Centrais Eletricas Brasileiras'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.


Centrais Eletricas Brasileiras's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Centrais Eletricas Brasileiras's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Centrais Eletricas Brasileiras 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.

Centrais Eletricas Brasileiras's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=41.56/0.11
=377.82

* 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.

Centrais Eletricas Brasileiras's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Centrais Eletricas Brasileiras's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.106/156.2729*156.2729
=-0.106

Current CPI (Dec. 2023) = 156.2729.

Centrais Eletricas Brasileiras Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.186 90.447 2.049
201406 -0.532 91.838 -0.905
201409 -0.084 92.602 -0.142
201412 1.098 94.194 1.822
201503 -0.028 97.799 -0.045
201506 0.078 100.006 0.122
201509 0.730 101.392 1.125
201512 0.618 104.247 0.926
201603 1.260 106.979 1.841
201606 -0.676 108.851 -0.971
201609 0.476 109.986 0.676
201612 -2.026 110.802 -2.857
201703 -0.613 111.869 -0.856
201706 0.712 112.115 0.992
201709 0.646 112.777 0.895
201712 -1.158 114.068 -1.586
201803 0.227 114.868 0.309
201806 0.360 117.038 0.481
201809 0.868 117.881 1.151
201812 0.814 118.340 1.075
201903 -0.418 120.124 -0.544
201906 -0.753 120.977 -0.973
201909 2.168 121.292 2.793
201912 -1.915 123.436 -2.424
202003 -0.198 124.092 -0.249
202006 -0.297 123.557 -0.376
202009 1.471 125.095 1.838
202012 1.617 129.012 1.959
202103 1.889 131.660 2.242
202106 -0.490 133.871 -0.572
202109 0.219 137.913 0.248
202112 2.063 141.992 2.270
202203 1.010 146.537 1.077
202206 -13.367 149.784 -13.946
202209 -1.428 147.800 -1.510
202212 1.145 150.207 1.191
202303 0.170 153.352 0.173
202306 0.781 154.519 0.790
202309 0.976 155.464 0.981
202312 -0.106 156.273 -0.106

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.


Centrais Eletricas Brasileiras  (BSP:ELET6) 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.


Centrais Eletricas Brasileiras Cyclically Adjusted Price-to-FCF Related Terms

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


Centrais Eletricas Brasileiras (BSP:ELET6) Business Description

Address
Rua da Quitanda 196, 9th floor, Centro, Rio de Janeiro, RJ, BRA, 20091-005
Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the administration segment. About half of Eletrobras' electricity sales are made using free market agreements, while the other half is completed through auctions and contracts.

Centrais Eletricas Brasileiras (BSP:ELET6) Headlines

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