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Fuel Tech (FRA:FUE1) Cyclically Adjusted Price-to-FCF : (As of May. 27, 2024)


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What is Fuel Tech Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuel Tech Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fuel Tech'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.

Fuel Tech Cyclically Adjusted Price-to-FCF Chart

Fuel Tech 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 11.25 156.77 82.12 - -

Fuel Tech 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 50.25 - - - -

Competitive Comparison of Fuel Tech's Cyclically Adjusted Price-to-FCF

For the Pollution & Treatment Controls subindustry, Fuel Tech'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.


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

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

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



Fuel Tech 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.

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

For example, Fuel Tech'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)
=-0.036/131.7762*131.7762
=-0.036

Current CPI (Mar. 2024) = 131.7762.

Fuel Tech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.030 100.560 -0.039
201409 -0.021 100.428 -0.028
201412 0.120 99.070 0.160
201503 0.034 99.621 0.045
201506 -0.097 100.684 -0.127
201509 0.004 100.392 0.005
201512 0.306 99.792 0.404
201603 -0.220 100.470 -0.289
201606 0.121 101.688 0.157
201609 -0.005 101.861 -0.006
201612 -0.042 101.863 -0.054
201703 -0.068 102.862 -0.087
201706 -0.141 103.349 -0.180
201709 -0.019 104.136 -0.024
201712 0.070 104.011 0.089
201803 -0.088 105.290 -0.110
201806 -0.039 106.317 -0.048
201809 0.023 106.507 0.028
201812 0.270 105.998 0.336
201903 -0.190 107.251 -0.233
201906 0.073 108.070 0.089
201909 0.015 108.329 0.018
201912 -0.043 108.420 -0.052
202003 -0.071 108.902 -0.086
202006 -0.058 108.767 -0.070
202009 0.001 109.815 0.001
202012 0.018 109.897 0.022
202103 -0.007 111.754 -0.008
202106 0.006 114.631 0.007
202109 0.000 115.734 0.000
202112 0.020 117.630 0.022
202203 -0.054 121.301 -0.059
202206 -0.052 125.017 -0.055
202209 0.023 125.227 0.024
202212 -0.049 125.222 -0.052
202303 0.030 127.348 0.031
202306 -0.032 128.729 -0.033
202309 0.008 129.860 0.008
202312 0.003 129.419 0.003
202403 -0.036 131.776 -0.036

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.


Fuel Tech  (FRA:FUE1) 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.


Fuel Tech Cyclically Adjusted Price-to-FCF Related Terms

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


Fuel Tech (FRA:FUE1) Business Description

Industry
Traded in Other Exchanges
Address
27601 Bella Vista Parkway, Warrenville, IL, USA, 60555-1617
Fuel Tech Inc is an technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. TheFuel Chem technology segment uses chemical processes in combination with advanced Computational Fluid Dynamics and Chemical Kinetics Modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.

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