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Tecnicas Reunidas (LTS:0MKT) Cyclically Adjusted Price-to-FCF : (As of Dec. 14, 2024)


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What is Tecnicas Reunidas Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tecnicas Reunidas Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tecnicas Reunidas'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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Tecnicas Reunidas Cyclically Adjusted Price-to-FCF Chart

Tecnicas Reunidas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Tecnicas Reunidas Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Tecnicas Reunidas's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Tecnicas Reunidas'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.


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

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

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



Tecnicas Reunidas 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.

Tecnicas Reunidas's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Tecnicas Reunidas's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0/123.1207*123.1207
=0.000

Current CPI (Sep. 2024) = 123.1207.

Tecnicas Reunidas Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.000 100.251 0.000
201503 0.000 99.474 0.000
201506 0.000 101.138 0.000
201509 0.000 99.559 0.000
201512 0.000 100.268 0.000
201603 0.000 98.638 0.000
201606 0.000 100.333 0.000
201609 0.000 99.737 0.000
201612 0.000 101.842 0.000
201703 0.000 100.896 0.000
201706 0.000 101.848 0.000
201709 0.000 101.524 0.000
201712 0.000 102.975 0.000
201803 0.000 102.122 0.000
201806 0.000 104.165 0.000
201809 0.000 103.818 0.000
201812 0.000 104.193 0.000
201903 0.000 103.488 0.000
201906 0.000 104.612 0.000
201909 0.000 103.905 0.000
201912 0.000 105.015 0.000
202003 0.000 103.469 0.000
202006 0.000 104.254 0.000
202009 0.000 103.521 0.000
202012 0.000 104.456 0.000
202103 0.000 104.857 0.000
202106 0.000 107.102 0.000
202109 0.000 107.669 0.000
202112 0.000 111.298 0.000
202203 0.000 115.153 0.000
202206 0.000 118.044 0.000
202209 0.000 117.221 0.000
202212 0.000 117.650 0.000
202303 0.000 118.948 0.000
202306 0.000 120.278 0.000
202309 0.000 121.343 0.000
202312 0.000 121.300 0.000
202403 0.000 122.762 0.000
202406 0.000 124.409 0.000
202409 0.000 123.121 0.000

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.


Tecnicas Reunidas  (LTS:0MKT) 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.


Tecnicas Reunidas Cyclically Adjusted Price-to-FCF Related Terms

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Tecnicas Reunidas Business Description

Industry
Traded in Other Exchanges
Address
Arapiles Street, 14, Madrid, ESP, 28015
Tecnicas Reunidas SA is a general contracting company. It engages in engineering, design and construction of industrial facilities for international customers including principal national oil companies and multinational companies. The firm's majority of business is focused on large turnkey industrial projects and it also offers engineering, management, start-up and operating services for industrial plants. Its business areas are oil and gas, power, infrastructures and industries. The company mainly operates in Spain, Middle East, Latin America, Asia and the Mediterranean region.

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