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Fras-le (BSP:FRAS3) Cyclically Adjusted Price-to-FCF : 22.51 (As of May. 05, 2024)


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What is Fras-le Cyclically Adjusted Price-to-FCF?

As of today (2024-05-05), Fras-le's current share price is R$18.46. Fras-le's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$0.82. Fras-le's Cyclically Adjusted Price-to-FCF for today is 22.51.

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

BSP:FRAS3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.26   Med: 15.41   Max: 37.36
Current: 22.53

During the past years, Fras-le's highest Cyclically Adjusted Price-to-FCF was 37.36. The lowest was 8.26. And the median was 15.41.

BSP:FRAS3's Cyclically Adjusted Price-to-FCF is ranked worse than
50.31% of 489 companies
in the Vehicles & Parts industry
Industry Median: 21.8 vs BSP:FRAS3: 22.53

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.

Fras-le's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$1.073. 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$0.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fras-le Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fras-le'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.

Fras-le Cyclically Adjusted Price-to-FCF Chart

Fras-le 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 16.25 22.46 19.09 14.09 20.75

Fras-le 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 14.09 12.50 16.84 18.68 20.75

Competitive Comparison of Fras-le's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Fras-le'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.


Fras-le's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fras-le's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Fras-le 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.46/0.82
=22.51

* 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.

Fras-le's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Fras-le'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)
=1.073/156.2729*156.2729
=1.073

Current CPI (Dec. 2023) = 156.2729.

Fras-le Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.130 90.447 -0.225
201406 -0.009 91.838 -0.015
201409 0.494 92.602 0.834
201412 0.056 94.194 0.093
201503 0.331 97.799 0.529
201506 -0.016 100.006 -0.025
201509 0.672 101.392 1.036
201512 0.088 104.247 0.132
201603 0.262 106.979 0.383
201606 -0.953 108.851 -1.368
201609 0.291 109.986 0.413
201612 0.132 110.802 0.186
201703 0.061 111.869 0.085
201706 0.380 112.115 0.530
201709 -0.087 112.777 -0.121
201712 0.027 114.068 0.037
201803 0.062 114.868 0.084
201806 0.871 117.038 1.163
201809 -0.150 117.881 -0.199
201812 0.063 118.340 0.083
201903 0.028 120.124 0.036
201906 -0.009 120.977 -0.012
201909 0.077 121.292 0.099
201912 0.076 123.436 0.096
202003 0.199 124.092 0.251
202006 0.006 123.557 0.008
202009 0.285 125.095 0.356
202012 0.351 129.012 0.425
202103 -0.008 131.660 -0.009
202106 -0.040 133.871 -0.047
202109 0.192 137.913 0.218
202112 0.498 141.992 0.548
202203 -0.132 146.537 -0.141
202206 -0.679 149.784 -0.708
202209 -0.723 147.800 -0.764
202212 0.737 150.207 0.767
202303 0.737 153.352 0.751
202306 1.140 154.519 1.153
202309 0.455 155.464 0.457
202312 1.073 156.273 1.073

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.


Fras-le  (BSP:FRAS3) 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.


Fras-le Cyclically Adjusted Price-to-FCF Related Terms

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


Fras-le (BSP:FRAS3) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Rodovia Rs 122 - Km 660, 945 - Prédio Adm, Caxias Do Sul, RS, BRA, 95010550
Fras-le SA is engaged in manufacturing, marketing and import of components for brakes, couplings, transmissions, friction materials, resin-based products, auto parts, plastic artifacts and their derivative products. The company offers brake linings and pads for commercial vehicles; disc brake pads for hydraulic breaks for passenger and utility vehicles; brake linings and shoes for light vehicles; clutch facings for automotive vehicles; and motorcycle pads and shoes. It also provides aircraft pads; refitters; and pads and shoes for trains and subways, as well as universal flat sheets, molded and woven linings, and flexible molded blocks for industrial applications.

Fras-le (BSP:FRAS3) Headlines

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