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Lanka Ashok Leyland (COL:ASHO.N0000) Cyclically Adjusted Price-to-FCF : 13.85 (As of Jun. 20, 2024)


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What is Lanka Ashok Leyland Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), Lanka Ashok Leyland's current share price is රු757.75. Lanka Ashok Leyland's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was රු54.72. Lanka Ashok Leyland's Cyclically Adjusted Price-to-FCF for today is 13.85.

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

COL:ASHO.N0000' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.28   Med: 20.47   Max: 37.96
Current: 13.85

During the past years, Lanka Ashok Leyland's highest Cyclically Adjusted Price-to-FCF was 37.96. The lowest was 12.28. And the median was 20.47.

COL:ASHO.N0000's Cyclically Adjusted Price-to-FCF is ranked better than
65.99% of 494 companies
in the Vehicles & Parts industry
Industry Median: 20.975 vs COL:ASHO.N0000: 13.85

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.

Lanka Ashok Leyland's adjusted free cash flow per share data for the three months ended in Mar. 2024 was රු130.504. 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 රු54.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lanka Ashok Leyland Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lanka Ashok Leyland'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.

Lanka Ashok Leyland Cyclically Adjusted Price-to-FCF Chart

Lanka Ashok Leyland Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 36.89 12.61

Lanka Ashok Leyland Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 36.89 34.27 20.47 17.86 12.61

Competitive Comparison of Lanka Ashok Leyland's Cyclically Adjusted Price-to-FCF

For the Auto Manufacturers subindustry, Lanka Ashok Leyland'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.


Lanka Ashok Leyland's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

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

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



Lanka Ashok Leyland 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.

Lanka Ashok Leyland's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=757.75/54.72
=13.85

* 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.

Lanka Ashok Leyland's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Lanka Ashok Leyland's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=130.504/131.7762*131.7762
=130.504

Current CPI (Mar. 2024) = 131.7762.

Lanka Ashok Leyland Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 217.090 100.560 284.481
201409 -114.170 100.428 -149.808
201412 187.574 99.070 249.499
201503 -308.357 99.621 -407.887
201506 331.872 100.684 434.358
201509 -224.073 100.392 -294.123
201512 -9.352 99.792 -12.349
201603 23.973 100.470 31.443
201606 -17.196 101.688 -22.284
201609 99.365 101.861 128.547
201612 -82.389 101.863 -106.584
201703 69.107 102.862 88.533
201706 237.666 103.349 303.038
201709 -590.492 104.136 -747.226
201712 -141.540 104.011 -179.323
201803 153.151 105.290 191.678
201806 -166.707 106.317 -206.628
201809 407.159 106.507 503.760
201812 -14.008 105.998 -17.415
201903 -5.029 107.251 -6.179
201906 -33.791 108.070 -41.204
201909 -146.537 108.329 -178.253
201912 -327.715 108.420 -398.312
202003 -55.445 108.902 -67.091
202006 88.495 108.767 107.215
202009 317.191 109.815 380.624
202012 92.968 109.897 111.477
202103 87.156 111.754 102.771
202106 70.948 114.631 81.559
202109 78.449 115.734 89.323
202112 169.103 117.630 189.440
202203 284.752 121.301 309.342
202206 -328.207 125.017 -345.952
202209 -114.295 125.227 -120.273
202212 -44.525 125.222 -46.856
202303 -39.074 127.348 -40.433
202306 0.037 128.729 0.038
202309 151.725 129.860 153.964
202312 62.671 129.419 63.812
202403 130.504 131.776 130.504

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.


Lanka Ashok Leyland  (COL:ASHO.N0000) 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.


Lanka Ashok Leyland Cyclically Adjusted Price-to-FCF Related Terms

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


Lanka Ashok Leyland (COL:ASHO.N0000) Business Description

Traded in Other Exchanges
N/A
Address
Panagoda, Homagama, Colombo, LKA
Lanka Ashok Leyland PLC is engaged in importing and marketing of Ashok Leyland buses, trucks, truck chassis, spare parts, power generators, and accessories. The company also carries out repairs and restoration of commercial vehicles including body fabrication on goods and passenger chassis. The firm builds the truck body for specific requirements and the building of driver's cabins. Besides, the firm assembles and manufactures Ashok Leyland vehicles with technical assistance from Ashok Leyland. The company solely operates in Sri Lanka.

Lanka Ashok Leyland (COL:ASHO.N0000) Headlines

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