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SPAR Group (FRA:PMH) Cyclically Adjusted Price-to-FCF : 26.20 (As of Jun. 04, 2024)


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What is SPAR Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), SPAR Group's current share price is €2.62. SPAR Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.10. SPAR Group's Cyclically Adjusted Price-to-FCF for today is 26.20.

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

FRA:PMH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.82   Med: 16.76   Max: 80
Current: 22.56

During the past years, SPAR Group's highest Cyclically Adjusted Price-to-FCF was 80.00. The lowest was 4.82. And the median was 16.76.

FRA:PMH's Cyclically Adjusted Price-to-FCF is ranked worse than
61.54% of 364 companies
in the Business Services industry
Industry Median: 18.055 vs FRA:PMH: 22.56

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.

SPAR Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.007. 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 €0.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SPAR Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SPAR Group'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.

SPAR Group Cyclically Adjusted Price-to-FCF Chart

SPAR Group 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 12.93 8.03 8.67 12.22 8.35

SPAR Group 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 14.13 11.13 10.71 8.35 8.78

Competitive Comparison of SPAR Group's Cyclically Adjusted Price-to-FCF

For the Specialty Business Services subindustry, SPAR Group'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.


SPAR Group's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SPAR Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



SPAR Group 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.

SPAR Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.62/0.1
=26.20

* 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.

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

For example, SPAR Group'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)
=0.007/131.7762*131.7762
=0.007

Current CPI (Mar. 2024) = 131.7762.

SPAR Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.076 100.560 -0.100
201409 0.128 100.428 0.168
201412 -0.096 99.070 -0.128
201503 0.039 99.621 0.052
201506 0.078 100.684 0.102
201509 0.048 100.392 0.063
201512 -0.020 99.792 -0.026
201603 0.177 100.470 0.232
201606 -0.181 101.688 -0.235
201609 0.053 101.861 0.069
201612 -0.051 101.863 -0.066
201703 0.273 102.862 0.350
201706 -0.117 103.349 -0.149
201709 0.084 104.136 0.106
201712 -0.002 104.011 -0.003
201803 -0.041 105.290 -0.051
201806 -0.392 106.317 -0.486
201809 0.281 106.507 0.348
201812 0.169 105.998 0.210
201903 0.003 107.251 0.004
201906 -0.092 108.070 -0.112
201909 0.100 108.329 0.122
201912 0.193 108.420 0.235
202003 0.047 108.902 0.057
202006 0.289 108.767 0.350
202009 -0.081 109.815 -0.097
202012 0.048 109.897 0.058
202103 0.080 111.754 0.094
202106 -0.075 114.631 -0.086
202109 -0.017 115.734 -0.019
202112 0.051 117.630 0.057
202203 -0.145 121.301 -0.158
202206 -0.036 125.017 -0.038
202209 -0.049 125.227 -0.052
202212 -0.060 125.222 -0.063
202303 0.104 127.348 0.108
202306 0.136 128.729 0.139
202309 -0.219 129.860 -0.222
202312 0.166 129.419 0.169
202403 0.007 131.776 0.007

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.


SPAR Group  (FRA:PMH) 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.


SPAR Group Cyclically Adjusted Price-to-FCF Related Terms

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


SPAR Group (FRA:PMH) Business Description

Industry
Traded in Other Exchanges
Address
1910 Opdyke Court, Auburn Hills, MI, USA, 48326
SPAR Group Inc is a supplier of merchandising and other marketing services. It also provides in-store event staffing, product sampling, audit services, furniture and other product assembly services, technology services and marketing research services. The company divides its operations into two reportable segments: Domestic division is comprised of all operations within the United States; and The International division is a consolidation of all other operations and joint ventures. Its customers are from retail and manufacturing segments. Its geographic presence is in Brazil, South Africa, Mexico, China, Japan, India, Canada, Australia, Turkey, and United States from where it generates maximum revenue.

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