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CEZ a.s (FRA:CEZ) Cyclically Adjusted Price-to-FCF : 6.86 (As of May. 28, 2024)


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What is CEZ a.s Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), CEZ a.s's current share price is €37.74. CEZ a.s's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.50. CEZ a.s's Cyclically Adjusted Price-to-FCF for today is 6.86.

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

FRA:CEZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.65   Med: 5.9   Max: 9.18
Current: 6.79

During the past years, CEZ a.s's highest Cyclically Adjusted Price-to-FCF was 9.18. The lowest was 3.65. And the median was 5.90.

FRA:CEZ's Cyclically Adjusted Price-to-FCF is ranked better than
71.31% of 122 companies
in the Utilities - Independent Power Producers industry
Industry Median: 15.185 vs FRA:CEZ: 6.79

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.

CEZ a.s's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.996. 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 €5.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CEZ a.s Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CEZ a.s'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.

CEZ a.s Cyclically Adjusted Price-to-FCF Chart

CEZ a.s 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 4.96 4.76 6.61 6.48 7.32

CEZ a.s 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 7.99 6.42 7.24 7.32 6.11

Competitive Comparison of CEZ a.s's Cyclically Adjusted Price-to-FCF

For the Utilities - Renewable subindustry, CEZ a.s'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.


CEZ a.s's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CEZ a.s's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



CEZ a.s 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.

CEZ a.s's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=37.74/5.5
=6.86

* 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.

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

For example, CEZ a.s'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)
=2.996/131.7762*131.7762
=2.996

Current CPI (Mar. 2024) = 131.7762.

CEZ a.s Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.423 100.560 1.865
201409 1.536 100.428 2.015
201412 0.786 99.070 1.045
201503 1.035 99.621 1.369
201506 0.930 100.684 1.217
201509 1.452 100.392 1.906
201512 1.575 99.792 2.080
201603 1.047 100.470 1.373
201606 0.739 101.688 0.958
201609 0.994 101.861 1.286
201612 0.589 101.863 0.762
201703 0.875 102.862 1.121
201706 0.778 103.349 0.992
201709 0.900 104.136 1.139
201712 0.706 104.011 0.894
201803 1.261 105.290 1.578
201806 0.276 106.317 0.342
201809 1.137 106.507 1.407
201812 -0.085 105.998 -0.106
201903 1.439 107.251 1.768
201906 0.600 108.070 0.732
201909 1.144 108.329 1.392
201912 0.176 108.420 0.214
202003 0.928 108.902 1.123
202006 1.277 108.767 1.547
202009 1.464 109.815 1.757
202012 1.421 109.897 1.704
202103 0.396 111.754 0.467
202106 1.321 114.631 1.519
202109 0.183 115.734 0.208
202112 2.461 117.630 2.757
202203 2.495 121.301 2.710
202206 0.621 125.017 0.655
202209 -2.170 125.227 -2.283
202212 -0.611 125.222 -0.643
202303 6.231 127.348 6.448
202306 4.359 128.729 4.462
202309 -0.067 129.860 -0.068
202312 0.291 129.419 0.296
202403 2.996 131.776 2.996

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.


CEZ a.s  (FRA:CEZ) 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.


CEZ a.s Cyclically Adjusted Price-to-FCF Related Terms

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


CEZ a.s (FRA:CEZ) Business Description

Address
Duhova 2/1444, Prague 4, CZE, 140 53
CEZ a.s is a Czech energy company of which the government of the Czech Republic is the majority shareholder. Its core business is the generation, distribution, trade, and sale of electricity and heat. With its subsidiaries, the company operates a portfolio of both conventional and renewable energy power plants. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. Most of its revenue gets derived from the Generation segment.

CEZ a.s (FRA:CEZ) Headlines

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