GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Foster Wheeler AG (FRA:FWI) » Definitions » Cyclically Adjusted Price-to-FCF

Foster Wheeler AG (FRA:FWI) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


View and export this data going back to . Start your Free Trial

What is Foster Wheeler AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation

Foster Wheeler AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Foster Wheeler 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.

Foster Wheeler AG Cyclically Adjusted Price-to-FCF Chart

Foster Wheeler AG Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Foster Wheeler AG Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 - - - - -

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

For the Engineering & Construction subindustry, Foster Wheeler 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.

Foster Wheeler AG's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Foster Wheeler AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


Foster Wheeler 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.

Foster Wheeler AG's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2014 is calculated as:

For example, Foster Wheeler AG's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2014 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2014 (Change)*Current CPI (Sep. 2014)
=-0.192/100.0000*100.0000
=-0.192

Current CPI (Sep. 2014) = 100.0000.

Foster Wheeler AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200412 0.367 78.600 0.467
200503 -0.269 78.800 -0.341
200506 0.063 79.400 0.079
200509 0.176 79.900 0.220
200512 0.399 80.300 0.497
200603 -0.199 80.400 -0.248
200606 -0.060 81.500 -0.074
200609 0.861 81.900 1.051
200612 0.941 82.600 1.139
200703 -0.171 82.800 -0.207
200706 0.777 83.500 0.931
200709 0.427 83.500 0.511
200712 0.812 84.500 0.961
200803 0.443 84.900 0.522
200806 0.454 86.600 0.524
200809 0.685 87.500 0.783
200812 -0.111 87.100 -0.127
200903 0.166 87.300 0.190
200906 0.223 88.100 0.253
200909 0.576 88.300 0.652
200912 0.381 88.900 0.429
201003 -0.060 89.400 -0.067
201006 0.335 90.200 0.371
201009 0.673 90.400 0.744
201012 0.016 91.700 0.017
201103 0.313 92.600 0.338
201106 0.377 93.500 0.403
201109 0.421 94.500 0.446
201112 -0.217 95.000 -0.228
201203 -0.545 95.400 -0.571
201206 1.051 95.600 1.099
201209 0.142 96.400 0.147
201212 -0.185 97.300 -0.190
201303 -0.327 97.800 -0.334
201306 0.702 98.000 0.716
201309 0.329 98.700 0.333
201312 0.520 99.200 0.524
201403 -0.356 99.300 -0.359
201406 0.039 99.800 0.039
201409 -0.192 100.000 -0.192

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.

Foster Wheeler AG  (FRA:FWI) 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.

Foster Wheeler AG Cyclically Adjusted Price-to-FCF Related Terms

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

Foster Wheeler AG (FRA:FWI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Foster Wheeler AG (FRA:FWI) » Definitions » Cyclically Adjusted Price-to-FCF
Comparable Companies
SHSE:600820 OSTO:PEAB B SHSE:601611 ISX:JSMR HKSE:02386 FLR TSE:1881 XKRX:000210 TSE:1983 BSP:RLOG3 OSTO:AF B MIL:AT XBRU:CFEB TSE:1959 LSE:JLG XKLS:5398 SZSE:002081 TSX:STN SZSE:002755 SAU:4100
Traded in Other Exchanges
N/A
Address
Website
http://www.fwc.com
Foster Wheeler AG was formed in 1927. The Company, with its subsidiaries, is a provider of construction and engineering services. The Company serves the oil and gas, oil refining, chemical and petrochemical, environmental, power generation, and power plant operation and maintenance industries. The Company operates through two business groups: its Global Engineering and Construction Group (Global E&C Group) and its Global Power Group. The Global E&C Group operates and designs, engineers, and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction facilities and receiving terminals, gas-to-liquids facilities, oil refining, pharmaceutical and biotechnology facilities and related infrastructure, power generation and distribution facilities, and gasification facilities. The group provides engineering, project management and construction management services, and also designs facilities in new or developing market sectors, such as carbon capture and storage, solid fuel-fired integrated gasification combined-cycle power plants, coal-to-liquids, coal-to-chemicals and biofuels. The Global E&C Group additionally performs environmental remediation services. The Global Power Group designs, manufactures and installs steam generators and auxiliary equipment for electric power generating stations, district heating and power plants and industrial facilities. It offers new and retrofit nitrogen-oxide reduction systems, and provides site services related to these products, including construction and erection, maintenance engineering, plant upgrading, and life extensions. The Global Power Group conducts research and development in the areas of combustion, solid, fluid, and gas dynamics, heat transfer, materials, and solid mechanics. Further, this group owns and operates independent power production and waste-to-energy facilities, as well as power generation facilities for the process and petrochemical industries. Companies that compete with Global E&C Group include but are not limited to the following: Bechtel Corporation; Chicago Bridge & Iron Company N.V.; Chiyoda Corporation; Fluor Corporation; Jacobs Engineering Group Inc.; JGC Corporation; KBR, Inc.; Saipem S.p.A.; Technip; Técnicas Reunidas, SA; and WorleyParsons Ltd. Companies that compete with Global Power Group include but are not limited to the following: Alstom Power S.A.; Andritz Group AG; The Babcock & Wilcox Company; Babcock Power Inc.; Dongfang Boiler Works (a subsidiary of Dong Fang Electric Corporation); Doosan-Babcock; Harbin Boiler Co., Ltd.; Hitachi, Ltd.; Metso Corporation; Mitsubishi Heavy Industries Ltd.; and Shanghai Boiler Works Ltd. The operations are subject to certain federal, state and local environmental, occupational health and product safety laws.

Foster Wheeler AG (FRA:FWI) Headlines

No Headlines