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Barratt Developments (Barratt Developments) Cyclically Adjusted Price-to-FCF : 8.64 (As of Apr. 29, 2024)


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What is Barratt Developments Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Barratt Developments's current share price is $5.53. Barratt Developments's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was $0.64. Barratt Developments's Cyclically Adjusted Price-to-FCF for today is 8.64.

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

BTDPF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.1   Med: 20.17   Max: 60.23
Current: 9.57

During the past 13 years, Barratt Developments's highest Cyclically Adjusted Price-to-FCF was 60.23. The lowest was 8.10. And the median was 20.17.

BTDPF's Cyclically Adjusted Price-to-FCF is ranked better than
75% of 48 companies
in the Homebuilding & Construction industry
Industry Median: 16.33 vs BTDPF: 9.57

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.

Barratt Developments's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was $0.554. 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 $0.64 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barratt Developments Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Barratt Developments'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.

Barratt Developments Cyclically Adjusted Price-to-FCF Chart

Barratt Developments Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.51 18.08 18.65 10.84 8.70

Barratt Developments Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 10.84 - 8.70 -

Competitive Comparison of Barratt Developments's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, Barratt Developments'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.


Barratt Developments's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Barratt Developments's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Barratt Developments 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.53/0.64
=8.64

* 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.

Barratt Developments's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Barratt Developments's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.554/129.4000*129.4000
=0.554

Current CPI (Jun23) = 129.4000.

Barratt Developments Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.400 99.800 0.519
201506 0.276 100.100 0.357
201606 0.907 101.000 1.162
201706 0.485 103.500 0.606
201806 0.661 105.900 0.808
201906 0.438 107.900 0.525
202006 -0.156 108.800 -0.186
202106 1.463 111.400 1.699
202206 0.462 120.500 0.496
202306 0.554 129.400 0.554

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.


Barratt Developments  (OTCPK:BTDPF) 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.


Barratt Developments Cyclically Adjusted Price-to-FCF Related Terms

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


Barratt Developments (Barratt Developments) Business Description

Traded in Other Exchanges
Address
1st Floor, Kent House, 14 - 17 Market Place, London, GBR, W1W 8AJ
Barratt Developments is the U.K.'s largest residential property developer by revenue and dwelling completions, marketing homes under its three brands Barratt Homes, David Wilson Homes, and Barratt London. Aligning with the typical business model employed by U.K. homebuilders, Barratt is vertically integrated through the land development, construction, and sales and marketing segments of the residential property development value chain.

Barratt Developments (Barratt Developments) Headlines

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