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Cadiz (FRA:2ZC) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Cadiz Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cadiz Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cadiz'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.

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Cadiz Cyclically Adjusted Price-to-FCF Chart

Cadiz Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Cadiz Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Cadiz's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Water subindustry, Cadiz'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.


Cadiz's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cadiz's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cadiz 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.

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

For example, Cadiz'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)
=-0.042/131.7762*131.7762
=-0.042

Current CPI (Mar. 2024) = 131.7762.

Cadiz Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.097 100.560 -0.127
201409 -0.093 100.428 -0.122
201412 -0.078 99.070 -0.104
201503 -0.139 99.621 -0.184
201506 -0.147 100.684 -0.192
201509 -0.210 100.392 -0.276
201512 -0.190 99.792 -0.251
201603 -0.074 100.470 -0.097
201606 -0.166 101.688 -0.215
201609 -0.075 101.861 -0.097
201612 -0.148 101.863 -0.191
201703 -0.116 102.862 -0.149
201706 -0.090 103.349 -0.115
201709 -0.124 104.136 -0.157
201712 -0.114 104.011 -0.144
201803 -0.156 105.290 -0.195
201806 -0.104 106.317 -0.129
201809 -0.090 106.507 -0.111
201812 -0.144 105.998 -0.179
201903 -0.147 107.251 -0.181
201906 -0.117 108.070 -0.143
201909 -0.154 108.329 -0.187
201912 -0.104 108.420 -0.126
202003 -0.228 108.902 -0.276
202006 -0.099 108.767 -0.120
202009 -0.089 109.815 -0.107
202012 -0.086 109.897 -0.103
202103 -0.074 111.754 -0.087
202106 -0.485 114.631 -0.558
202109 -0.093 115.734 -0.106
202112 -0.152 117.630 -0.170
202203 -0.077 121.301 -0.084
202206 -0.103 125.017 -0.109
202209 -0.129 125.227 -0.136
202212 -0.109 125.222 -0.115
202303 -0.094 127.348 -0.097
202306 -0.094 128.729 -0.096
202309 -0.086 129.860 -0.087
202312 -0.103 129.419 -0.105
202403 -0.042 131.776 -0.042

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.


Cadiz  (FRA:2ZC) 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.


Cadiz Cyclically Adjusted Price-to-FCF Related Terms

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


Cadiz (FRA:2ZC) Business Description

Industry
Traded in Other Exchanges
Address
550 South Hope Street, Suite 2850, Los Angeles, CA, USA, 90071
Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.

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