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Velan (FRA:946) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Velan Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Velan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Velan'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.

Velan Cyclically Adjusted Price-to-FCF Chart

Velan Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.99 126.12 35.85 38.20 -

Velan Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 38.20 46.69 61.83 - -

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

For the Specialty Industrial Machinery subindustry, Velan'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.


Velan's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Velan 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.

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

For example, Velan's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.664/125.4675*125.4675
=0.664

Current CPI (Feb. 2024) = 125.4675.

Velan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.236 99.394 0.298
201408 0.121 99.315 0.153
201411 0.124 99.078 0.157
201502 0.908 99.078 1.150
201505 -0.409 100.263 -0.512
201508 0.135 100.579 0.168
201511 0.488 100.421 0.610
201602 0.126 100.421 0.157
201605 0.468 101.765 0.577
201608 -0.363 101.686 -0.448
201611 -0.079 101.607 -0.098
201702 -0.098 102.476 -0.120
201705 -0.494 103.108 -0.601
201708 0.282 103.108 0.343
201711 0.270 103.740 0.327
201802 -0.403 104.688 -0.483
201805 -0.330 105.399 -0.393
201808 -0.006 106.031 -0.007
201811 -0.135 105.478 -0.161
201902 -0.258 106.268 -0.305
201905 0.039 107.927 0.045
201908 0.006 108.085 0.007
201911 0.190 107.769 0.221
202002 -0.343 108.559 -0.396
202005 0.699 107.532 0.816
202008 -0.071 108.243 -0.082
202011 -0.603 108.796 -0.695
202102 -0.737 109.745 -0.843
202105 -0.043 111.404 -0.048
202108 -0.032 112.668 -0.036
202111 0.230 113.932 0.253
202202 0.226 115.986 0.244
202205 -0.175 120.016 -0.183
202208 -0.610 120.569 -0.635
202211 -0.224 121.675 -0.231
202302 0.701 122.070 0.721
202305 0.392 124.045 0.396
202308 -0.984 125.389 -0.985
202311 -0.276 125.468 -0.276
202402 0.664 125.468 0.664

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.


Velan  (FRA:946) 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.


Velan Cyclically Adjusted Price-to-FCF Related Terms

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Velan (FRA:946) Business Description

Industry
Traded in Other Exchanges
Address
7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2
Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.

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