SELECT * FROM `stock_list` WHERE `symbol` = "CSTE" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1
SELECT * FROM `stock_list` where symbol='CSTE' AND exchange = 'NAS' limit 0,1
SELECT * FROM `stock_list` WHERE `symbol` = "CSTE" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1 CSTE (Caesarstone) Cyclically Adjusted Price-to-FCF
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Caesarstone Ltd (NAS:CSTE) » Definitions » Cyclically Adjusted Price-to-FCF

Caesarstone (Caesarstone) Cyclically Adjusted Price-to-FCF : 9.21 (As of May. 01, 2024)


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What is Caesarstone Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Caesarstone's current share price is $6.4496. Caesarstone's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.70. Caesarstone's Cyclically Adjusted Price-to-FCF for today is 9.21.

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

CSTE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.21   Med: 11.91   Max: 18.71
Current: 8.96

During the past years, Caesarstone's highest Cyclically Adjusted Price-to-FCF was 18.71. The lowest was 5.21. And the median was 11.91.

CSTE's Cyclically Adjusted Price-to-FCF is ranked better than
77.41% of 571 companies
in the Construction industry
Industry Median: 17.87 vs CSTE: 8.96

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.

Caesarstone's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.311. 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 $0.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caesarstone Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Caesarstone'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.

Caesarstone Cyclically Adjusted Price-to-FCF Chart

Caesarstone 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 - 14.37 13.37 8.17 5.32

Caesarstone 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 8.17 5.80 7.19 6.01 5.32

Competitive Comparison of Caesarstone's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Caesarstone'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.


Caesarstone's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Caesarstone's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Caesarstone 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.4496/0.7
=9.21

* 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.

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

For example, Caesarstone'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)
=0.311/129.4194*129.4194
=0.311

Current CPI (Dec. 2023) = 129.4194.

Caesarstone Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.014 99.695 0.018
201406 -0.356 100.560 -0.458
201409 0.077 100.428 0.099
201412 -0.027 99.070 -0.035
201503 -0.483 99.621 -0.627
201506 -0.183 100.684 -0.235
201509 0.495 100.392 0.638
201512 0.431 99.792 0.559
201603 0.132 100.470 0.170
201606 0.492 101.688 0.626
201609 0.779 101.861 0.990
201612 0.873 101.863 1.109
201703 0.378 102.862 0.476
201706 0.270 103.349 0.338
201709 0.311 104.136 0.387
201712 0.155 104.011 0.193
201803 -0.729 105.290 -0.896
201806 -0.089 106.317 -0.108
201809 -0.206 106.507 -0.250
201812 0.840 105.998 1.026
201903 0.033 107.251 0.040
201906 0.373 108.070 0.447
201909 0.523 108.329 0.625
201912 0.795 108.420 0.949
202003 -0.148 108.902 -0.176
202006 -0.065 108.767 -0.077
202009 0.728 109.815 0.858
202012 0.291 109.897 0.343
202103 -0.074 111.754 -0.086
202106 0.382 114.631 0.431
202109 -0.440 115.734 -0.492
202112 -0.180 117.630 -0.198
202203 -0.831 121.301 -0.887
202206 -0.222 125.017 -0.230
202209 -0.020 125.227 -0.021
202212 -0.117 125.222 -0.121
202303 0.145 127.348 0.147
202306 0.454 128.729 0.456
202309 0.693 129.860 0.691
202312 0.311 129.419 0.311

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.


Caesarstone  (NAS:CSTE) 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.


Caesarstone Cyclically Adjusted Price-to-FCF Related Terms

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


Caesarstone (Caesarstone) Business Description

Industry
Traded in Other Exchanges
Address
Kibbutz Sdot-Yam, MP Menashe, ISR, 3780400
Caesarstone Ltd manufactures engineered quartz surfaces. Its products primarily include engineered quartz and porcelain slabs, which are used as kitchen countertops in renovation and remodeling, and residential construction. It also has other applications, including vanity tops, wall panels, backsplashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications. The company sells its products under the Caesarstone brand. Caesarstone's geographical segments are the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA(Europe, Middle East, Africa).

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