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Befesa (LTS:0RVK) Cyclically Adjusted Price-to-FCF : 29.31 (As of Jun. 20, 2024)


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What is Befesa Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), Befesa's current share price is €32.24. Befesa's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €1.10. Befesa's Cyclically Adjusted Price-to-FCF for today is 29.31.

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

LTS:0RVK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.1   Med: 30.66   Max: 57.45
Current: 29.14

During the past 11 years, Befesa's highest Cyclically Adjusted Price-to-FCF was 57.45. The lowest was 27.10. And the median was 30.66.

LTS:0RVK's Cyclically Adjusted Price-to-FCF is ranked worse than
65.38% of 52 companies
in the Waste Management industry
Industry Median: 20.785 vs LTS:0RVK: 29.14

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.

Befesa's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €0.313. 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 €1.10 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Befesa Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Befesa'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.

Befesa Cyclically Adjusted Price-to-FCF Chart

Befesa 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 - - - 47.18 31.82

Befesa 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 - - - 31.82 -

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

For the Waste Management subindustry, Befesa'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.


Befesa's Cyclically Adjusted Price-to-FCF Distribution in the Waste Management Industry

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

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



Befesa 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=32.24/1.1
=29.31

* 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.

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

For example, Befesa'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)
=0.313/121.1700*121.1700
=0.313

Current CPI (Dec23) = 121.1700.

Befesa Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.274 98.830 0.336
201512 0.129 99.910 0.156
201612 0.693 101.040 0.831
201712 2.632 102.410 3.114
201812 1.864 104.320 2.165
201912 0.656 106.080 0.749
202012 1.107 106.670 1.257
202112 1.079 111.090 1.177
202212 0.767 117.060 0.794
202312 0.313 121.170 0.313

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.


Befesa  (LTS:0RVK) 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.


Befesa Cyclically Adjusted Price-to-FCF Related Terms

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


Befesa (LTS:0RVK) Business Description

Industry
Traded in Other Exchanges
Address
68-70, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2320
Befesa SA provides sustainable services for the recycling of hazardous residues from the Steel & Aluminium industry. It operates in two business segments: Steel dust recycling services & aluminum salt slags recycling services. In the Steel Dust Recycling segment, the company collects & recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel. The Aluminum Salt Slags recycling services are divided into salt sags & secondary aluminum segments. Its secondary aluminum operations include the collection and recycling of aluminum scrap and other aluminum residues. The geographical segments are Spain, Germany, Netherlands, Belgium, Finland, France, United Kingdom, Italy, & others, out of which the majority is derived from Spain.

Befesa (LTS:0RVK) Headlines

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