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Milton Industries (NSE:MILTON) Cyclically Adjusted Price-to-FCF : 154.20 (As of Jun. 23, 2024)


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What is Milton Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-06-23), Milton Industries's current share price is ₹38.55. Milton Industries's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar22 was ₹0.25. Milton Industries's Cyclically Adjusted Price-to-FCF for today is 154.20.

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

NSE:MILTON's Cyclically Adjusted Price-to-FCF is not ranked *
in the Forest Products industry.
Industry Median: 16.995
* Ranked among companies with meaningful Cyclically Adjusted Price-to-FCF only.

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.

Milton Industries's adjusted free cash flow per share data of for the fiscal year that ended in Mar22 was ₹4.382. 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 ₹0.25 for the trailing ten years ended in Mar22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Milton Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Milton Industries'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.

Milton Industries Cyclically Adjusted Price-to-FCF Chart

Milton Industries Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 78.68

Milton Industries Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 78.68

Competitive Comparison of Milton Industries's Cyclically Adjusted Price-to-FCF

For the Lumber & Wood Production subindustry, Milton Industries'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.


Milton Industries's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Milton Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Milton Industries 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=38.55/0.25
=154.20

* 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.

Milton Industries's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar22 is calculated as:

For example, Milton Industries's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar22 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar22 (Change)*Current CPI (Mar22)
=4.382/138.8218*138.8218
=4.382

Current CPI (Mar22) = 138.8218.

Milton Industries Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201303 0.367 85.687 0.595
201403 -0.693 91.425 -1.052
201503 -0.709 97.163 -1.013
201603 -0.556 102.518 -0.753
201703 1.517 105.196 2.002
201803 -8.173 109.786 -10.335
201903 3.328 118.202 3.909
202003 1.400 124.705 1.558
202103 3.084 131.771 3.249
202203 4.382 138.822 4.382

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.


Milton Industries  (NSE:MILTON) 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.


Milton Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Milton Industries (NSE:MILTON) Business Description

Traded in Other Exchanges
N/A
Address
Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009
Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens. The majority of the revenue comes from the Indian market.

Milton Industries (NSE:MILTON) Headlines

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