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Enel SpA (MIL:ENEL) Cyclically Adjusted Price-to-FCF : 51.67 (As of Apr. 30, 2024)


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What is Enel SpA Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Enel SpA's current share price is €6.20. Enel SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.12. Enel SpA's Cyclically Adjusted Price-to-FCF for today is 51.67.

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

MIL:ENEL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.66   Med: 39.31   Max: 60.31
Current: 51.36

During the past years, Enel SpA's highest Cyclically Adjusted Price-to-FCF was 60.31. The lowest was 29.66. And the median was 39.31.

MIL:ENEL's Cyclically Adjusted Price-to-FCF is ranked worse than
81.62% of 234 companies
in the Utilities - Regulated industry
Industry Median: 17.135 vs MIL:ENEL: 51.36

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.

Enel SpA's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.072. 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 €0.12 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Enel SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Enel SpA'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.

Enel SpA Cyclically Adjusted Price-to-FCF Chart

Enel SpA 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 50.01 33.94 38.11 41.95 56.39

Enel SpA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 41.95 38.06 46.83 40.38 56.39

Competitive Comparison of Enel SpA's Cyclically Adjusted Price-to-FCF

For the Utilities - Diversified subindustry, Enel SpA'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.


Enel SpA's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

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

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



Enel SpA 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.20/0.12
=51.67

* 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.

Enel SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Enel SpA's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.072/119.5000*119.5000
=0.072

Current CPI (Dec. 2023) = 119.5000.

Enel SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.132 99.907 -0.158
201406 0.065 100.093 0.078
201409 -0.043 99.814 -0.051
201412 0.453 99.721 0.543
201503 -0.096 99.814 -0.115
201506 0.083 100.279 0.099
201509 0.015 100.000 0.018
201512 0.188 99.814 0.225
201603 -0.008 99.600 -0.010
201606 0.062 99.900 0.074
201609 0.078 100.100 0.093
201612 -0.025 100.300 -0.030
201703 0.029 101.000 0.034
201706 0.027 101.100 0.032
201709 0.107 101.200 0.126
201712 0.001 101.200 0.001
201803 0.049 101.800 0.058
201806 0.046 102.400 0.054
201809 0.063 102.600 0.073
201812 0.117 102.300 0.137
201903 0.048 102.800 0.056
201906 0.015 103.100 0.017
201909 0.042 102.900 0.049
201912 0.090 102.800 0.105
202003 0.018 102.900 0.021
202006 -0.198 102.900 -0.230
202009 0.180 102.300 0.210
202012 0.188 102.600 0.219
202103 0.050 103.700 0.058
202106 -0.222 104.200 -0.255
202109 -0.098 104.900 -0.112
202112 0.068 106.600 0.076
202203 -0.318 110.400 -0.344
202206 -0.132 112.500 -0.140
202209 -0.352 114.200 -0.368
202212 0.394 119.000 0.396
202303 0.039 118.800 0.039
202306 -0.145 119.700 -0.145
202309 0.190 120.300 0.189
202312 0.072 119.500 0.072

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.


Enel SpA  (MIL:ENEL) 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.


Enel SpA Cyclically Adjusted Price-to-FCF Related Terms

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


Enel SpA (MIL:ENEL) Business Description

Industry
Address
Viale Regina Margherita, 137, Rome, ITA, 00198
Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 50% of the company's EBITDA is derived from its regulated networks. Taking into account power sold through power purchase agreements in Latin America, around 70% of EBITDA is quasi-regulated. Enel is a giant in global power generation with 86 gigawatts of capacity, of which 39 GW is renewables, including a large share of hydro.

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