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CEPS (LSE:CEPS) Cyclically Adjusted Price-to-FCF : 4.63 (As of May. 25, 2024)


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What is CEPS Cyclically Adjusted Price-to-FCF?

As of today (2024-05-25), CEPS's current share price is £0.185. CEPS's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was £0.04. CEPS's Cyclically Adjusted Price-to-FCF for today is 4.63.

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

LSE:CEPS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.5   Med: 5.33   Max: 17.17
Current: 4.3

During the past 13 years, CEPS's highest Cyclically Adjusted Price-to-FCF was 17.17. The lowest was 2.50. And the median was 5.33.

LSE:CEPS's Cyclically Adjusted Price-to-FCF is ranked better than
90.88% of 570 companies
in the Construction industry
Industry Median: 18.215 vs LSE:CEPS: 4.30

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.

CEPS's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was £0.102. 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 £0.04 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CEPS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CEPS'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.

CEPS Cyclically Adjusted Price-to-FCF Chart

CEPS 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 9.67 5.58 15.05 10.44 6.33

CEPS Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 15.05 - 10.44 - 6.33

Competitive Comparison of CEPS's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, CEPS'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.


CEPS's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



CEPS 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.185/0.04
=4.63

* 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.

CEPS's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CEPS's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.102/130.5000*130.5000
=0.102

Current CPI (Dec23) = 130.5000.

CEPS Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.016 99.900 -0.021
201512 0.077 100.400 0.100
201612 -0.046 102.200 -0.059
201712 0.081 105.000 0.101
201812 0.025 107.100 0.030
201912 -0.013 108.500 -0.016
202012 0.068 109.400 0.081
202112 0.044 114.700 0.050
202212 0.070 125.300 0.073
202312 0.102 130.500 0.102

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.


CEPS  (LSE:CEPS) 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.


CEPS Cyclically Adjusted Price-to-FCF Related Terms

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


CEPS (LSE:CEPS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CEPS PLC (LSE:CEPS) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
11 Laura Place, Bath, GBR, BA2 4BL
CEPS PLC is a UK-based industrial holding company. It is engaged in acquiring majority stakes in stable, profitable, and steadily growing entrepreneurial companies. The business activity of the group is operated through Aford Awards, Friedman's, and Hickton Group segments. The Aford Awards segment operates as a sports trophy and engraving company. Friedman's segment converts and distributes specialist Lycra. Its Hickton Group segment is a provider of services to the construction industry. The company generates maximum revenue from the Hickton Group segment.

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