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Solex Energy (NSE:SMSOLEX) Cyclically Adjusted Price-to-FCF : (As of Jun. 21, 2024)


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What is Solex Energy Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Solex Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Solex Energy'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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Solex Energy Cyclically Adjusted Price-to-FCF Chart

Solex Energy Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
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Solex Energy Semi-Annual Data
Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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Competitive Comparison of Solex Energy's Cyclically Adjusted Price-to-FCF

For the Solar subindustry, Solex Energy'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.


Solex Energy's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solex Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Solex Energy 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.

Solex Energy's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Solex Energy's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=-7.602/153.0345*153.0345
=-7.602

Current CPI (Mar24) = 153.0345.

Solex Energy Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -5.008 97.163 -7.888
201603 -0.381 102.518 -0.569
201703 1.839 105.196 2.675
201803 -7.807 109.786 -10.882
201903 8.342 118.202 10.800
202003 3.919 124.705 4.809
202103 2.757 131.771 3.202
202203 -26.281 138.822 -28.972
202303 -51.706 146.865 -53.878
202403 -7.602 153.035 -7.602

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.


Solex Energy  (NSE:SMSOLEX) 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.


Solex Energy Cyclically Adjusted Price-to-FCF Related Terms

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


Solex Energy (NSE:SMSOLEX) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Near Madhuvan Circle, L.P. Savani Road, 310-303, Trinity Business Park, Pal, Surat, GJ, IND, 395009
Solex Energy Ltd is engaged in providing renewable energy solutions, specializing in the manufacturing of solar photovoltaic modules, solar home lights, solar street lights, solar lanterns, solar power plants, solar inverters, and solar water, among others.

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