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Hardide (LSE:HDD) Cyclically Adjusted Price-to-FCF : (As of Jun. 20, 2024)


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What is Hardide Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hardide Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hardide'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.

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Hardide Cyclically Adjusted Price-to-FCF Chart

Hardide Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Hardide Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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Competitive Comparison of Hardide's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Hardide'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.


Hardide's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hardide's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hardide 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.

Hardide's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Hardide's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=0.001/130.1000*130.1000
=0.001

Current CPI (Sep23) = 130.1000.

Hardide Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -0.002 100.000 -0.003
201509 -0.032 100.200 -0.042
201609 -0.057 101.500 -0.073
201709 -0.019 104.300 -0.024
201809 -0.012 106.600 -0.015
201909 -0.048 108.400 -0.058
202009 -0.090 109.200 -0.107
202109 -0.041 112.400 -0.047
202209 -0.023 122.300 -0.024
202309 0.001 130.100 0.001

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.


Hardide  (LSE:HDD) 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.


Hardide Cyclically Adjusted Price-to-FCF Related Terms

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Hardide (LSE:HDD) Business Description

Industry
Traded in Other Exchanges
N/A
Address
9 Longlands Road, Bicester, Oxfordshire, GBR, OX26 5AH
Hardide PLC is a UK-based company that acts as a provider of advanced tungsten carbide coatings for metal components operating in abrasive, erosive, corrosive, and chemically aggressive environments. The company provides nanostructured and patented, low-temperature chemical vapour deposition coating which provides wear and corrosion resistance and combines toughness with ductility. It extends the life of critical components across high-value industries and applications including oil and gas, pumps, aerospace, petrochemical, power generation, defense, industrial tooling, and others. The company has reportable segments namely UK operation, US operation, Corporate Central Functions., and Eliminations The majority of the company's revenue is generated from United Kingdom operations.

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