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Consolidated Edison (MIL:1ED) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


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What is Consolidated Edison Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Consolidated Edison Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Consolidated Edison'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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Consolidated Edison Cyclically Adjusted Price-to-FCF Chart

Consolidated Edison Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Consolidated Edison Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Consolidated Edison's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, Consolidated Edison'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.


Consolidated Edison's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Consolidated Edison's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Consolidated Edison 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.

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

For example, Consolidated Edison'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)
=-1.761/131.7762*131.7762
=-1.761

Current CPI (Mar. 2024) = 131.7762.

Consolidated Edison Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.016 100.560 1.331
201409 -0.356 100.428 -0.467
201412 1.313 99.070 1.746
201503 -0.104 99.621 -0.138
201506 0.506 100.684 0.662
201509 -0.421 100.392 -0.553
201512 0.710 99.792 0.938
201603 -0.880 100.470 -1.154
201606 0.726 101.688 0.941
201609 -0.329 101.861 -0.426
201612 -0.198 101.863 -0.256
201703 -1.157 102.862 -1.482
201706 0.879 103.349 1.121
201709 -0.361 104.136 -0.457
201712 0.360 104.011 0.456
201803 -1.775 105.290 -2.222
201806 0.030 106.317 0.037
201809 -1.040 106.507 -1.287
201812 0.690 105.998 0.858
201903 -1.004 107.251 -1.234
201906 0.538 108.070 0.656
201909 -1.210 108.329 -1.472
201912 0.700 108.420 0.851
202003 -1.312 108.902 -1.588
202006 -0.321 108.767 -0.389
202009 -1.990 109.815 -2.388
202012 -0.776 109.897 -0.930
202103 -1.763 111.754 -2.079
202106 0.245 114.631 0.282
202109 -1.575 115.734 -1.793
202112 0.135 117.630 0.151
202203 -0.995 121.301 -1.081
202206 1.091 125.017 1.150
202209 -1.297 125.227 -1.365
202212 0.538 125.222 0.566
202303 -2.895 127.348 -2.996
202306 0.066 128.729 0.068
202309 -2.661 129.860 -2.700
202312 -0.742 129.419 -0.756
202403 -1.761 131.776 -1.761

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.


Consolidated Edison  (MIL:1ED) 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.


Consolidated Edison Cyclically Adjusted Price-to-FCF Related Terms

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Consolidated Edison (MIL:1ED) Business Description

Traded in Other Exchanges
Address
4 Irving Place, Room 700, New York, NY, USA, 10003
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.

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