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Construtora Tenda (BSP:TEND3) Cyclically Adjusted Price-to-FCF : 617.00 (As of May. 01, 2024)


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What is Construtora Tenda Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Construtora Tenda's current share price is R$12.34. Construtora Tenda's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$0.02. Construtora Tenda's Cyclically Adjusted Price-to-FCF for today is 617.00.

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

BSP:TEND3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 478.5   Med: 563.5   Max: 653
Current: 621.55

During the past years, Construtora Tenda's highest Cyclically Adjusted Price-to-FCF was 653.00. The lowest was 478.50. And the median was 563.50.

BSP:TEND3's Cyclically Adjusted Price-to-FCF is ranked worse than
98.82% of 680 companies
in the Real Estate industry
Industry Median: 12.46 vs BSP:TEND3: 621.55

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.

Construtora Tenda's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$2.643. 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$0.02 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Construtora Tenda Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Construtora Tenda'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.

Construtora Tenda Cyclically Adjusted Price-to-FCF Chart

Construtora Tenda Annual Data
Trend Dec13 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 - - - - 705.79

Construtora Tenda 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 - - - - 705.79

Competitive Comparison of Construtora Tenda's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Construtora Tenda'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.


Construtora Tenda's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Construtora Tenda's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Construtora Tenda 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.34/0.02
=617.00

* 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.

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

For example, Construtora Tenda'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)
=2.643/156.2729*156.2729
=2.643

Current CPI (Dec. 2023) = 156.2729.

Construtora Tenda Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200712 0.000 63.377 0.000
200812 0.000 67.118 0.000
200912 0.000 70.012 0.000
201012 0.000 74.149 0.000
201112 0.000 78.971 0.000
201212 0.000 83.581 0.000
201312 0.000 88.522 0.000
201512 0.000 104.247 0.000
201603 0.045 106.979 0.066
201606 0.059 108.851 0.085
201609 0.089 109.986 0.126
201612 0.288 110.802 0.406
201703 0.237 111.869 0.331
201706 0.841 112.115 1.172
201709 0.474 112.777 0.657
201712 -0.228 114.068 -0.312
201803 0.484 114.868 0.658
201806 0.557 117.038 0.744
201809 0.697 117.881 0.924
201812 0.466 118.340 0.615
201903 0.370 120.124 0.481
201906 0.289 120.977 0.373
201909 -0.324 121.292 -0.417
201912 -0.109 123.436 -0.138
202003 -0.528 124.092 -0.665
202006 0.803 123.557 1.016
202009 0.803 125.095 1.003
202012 -0.676 129.012 -0.819
202103 -0.836 131.660 -0.992
202106 -1.256 133.871 -1.466
202109 -1.199 137.913 -1.359
202112 0.232 141.992 0.255
202203 -1.387 146.537 -1.479
202206 -0.169 149.784 -0.176
202209 -0.717 147.800 -0.758
202212 -1.990 150.207 -2.070
202303 -0.188 153.352 -0.192
202306 -0.724 154.519 -0.732
202309 0.187 155.464 0.188
202312 2.643 156.273 2.643

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.


Construtora Tenda  (BSP:TEND3) 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.


Construtora Tenda Cyclically Adjusted Price-to-FCF Related Terms

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


Construtora Tenda (BSP:TEND3) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Rua Boa Vista, 280, Sao Paulo, SP, BRA, 01010-001
Construtora Tenda SA is engaged in the performance of general construction works, real estate development, real estate purchase, and sale, the provision of general construction management services, the intermediation of the sale of consortium shares, and the holding of interests in other companies. The SPEs are exclusively engaged in real estate operations and are linked to specific projects. The company concentrates its activities in nine metropolitan regions of Brazil, uniquely operating within bracket 2 of the Casa Verde e Amarela federal government housing program. The company focuses on affordable housing which allows it to pursue scale gains and continuous improvement. It has a single SKU for no-elevator buildings.

Construtora Tenda (BSP:TEND3) Headlines

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