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Ceconomy AG (FRA:CEC) Cyclically Adjusted Price-to-FCF : 1.42 (As of May. 27, 2024)


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What is Ceconomy AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), Ceconomy AG's current share price is €2.96. Ceconomy AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.08. Ceconomy AG's Cyclically Adjusted Price-to-FCF for today is 1.42.

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

FRA:CEC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.44   Med: 1.84   Max: 6.5
Current: 1.4

During the past years, Ceconomy AG's highest Cyclically Adjusted Price-to-FCF was 6.50. The lowest was 0.44. And the median was 1.84.

FRA:CEC's Cyclically Adjusted Price-to-FCF is ranked better than
96.28% of 430 companies
in the Retail - Cyclical industry
Industry Median: 12.645 vs FRA:CEC: 1.40

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.

Ceconomy AG's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-2.631. 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 €2.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ceconomy AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ceconomy AG'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.

Ceconomy AG Cyclically Adjusted Price-to-FCF Chart

Ceconomy AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 1.51 1.38 0.44 0.93

Ceconomy AG 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 1.07 1.00 0.93 2.06 0.88

Competitive Comparison of Ceconomy AG's Cyclically Adjusted Price-to-FCF

For the Specialty Retail subindustry, Ceconomy AG'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.


Ceconomy AG's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ceconomy AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ceconomy AG 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.96/2.08
=1.42

* 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.

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

For example, Ceconomy AG'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)
=-2.631/125.0381*125.0381
=-2.631

Current CPI (Mar. 2024) = 125.0381.

Ceconomy AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.377 99.543 0.474
201409 2.598 99.823 3.254
201412 10.193 99.543 12.804
201503 -8.995 99.717 -11.279
201506 -1.293 100.417 -1.610
201509 2.733 100.417 3.403
201512 8.541 99.717 10.710
201603 -7.508 100.017 -9.386
201606 -0.350 100.717 -0.435
201609 3.118 101.017 3.859
201612 7.694 101.217 9.505
201703 -7.627 101.417 -9.403
201706 0.497 102.117 0.609
201709 1.091 102.717 1.328
201712 4.308 102.617 5.249
201803 -4.324 102.917 -5.253
201806 0.055 104.017 0.066
201809 1.242 104.718 1.483
201812 3.925 104.217 4.709
201903 -4.171 104.217 -5.004
201906 -1.226 105.718 -1.450
201909 1.128 106.018 1.330
201912 4.039 105.818 4.773
202003 -3.121 105.718 -3.691
202006 -0.655 106.618 -0.768
202009 2.725 105.818 3.220
202012 3.752 105.518 4.446
202103 -4.849 107.518 -5.639
202106 0.184 108.486 0.212
202109 1.789 109.435 2.044
202112 3.511 110.384 3.977
202203 -4.520 113.968 -4.959
202206 -0.887 115.760 -0.958
202209 1.224 118.818 1.288
202212 3.868 119.345 4.053
202303 -2.863 122.402 -2.925
202306 -0.358 123.140 -0.364
202309 0.817 124.195 0.823
202312 3.162 123.773 3.194
202403 -2.631 125.038 -2.631

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.


Ceconomy AG  (FRA:CEC) 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.


Ceconomy AG Cyclically Adjusted Price-to-FCF Related Terms

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


Ceconomy AG (FRA:CEC) Business Description

Industry
Address
Kaistrasse 3, Dusseldorf, NW, DEU, 40221
Ceconomy AG is engaged in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE, a music streaming service that comprises songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New, a purchasing service for consumer electronics, which allows customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world. Its operating segment includes DACH; Western/ Southern Europe; Eastern Europe and others. The company derives a majority of its revenue from the DACH segment which includes Germany, Austria, Switzerland, and Hungary.

Ceconomy AG (FRA:CEC) Headlines

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