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Tecogen (STU:2T1) Cyclically Adjusted Price-to-FCF : (As of Sep. 21, 2024)


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What is Tecogen Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tecogen Cyclically Adjusted Price-to-FCF Historical Data

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

Tecogen Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Tecogen Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Tecogen's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Tecogen'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.


Tecogen's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tecogen's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tecogen 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.

Tecogen's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Tecogen's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.023/132.5538*132.5538
=-0.023

Current CPI (Jun. 2024) = 132.5538.

Tecogen Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -0.046 100.428 -0.061
201412 -0.068 99.070 -0.091
201503 -0.032 99.621 -0.043
201506 -0.021 100.684 -0.028
201509 -0.133 100.392 -0.176
201512 -0.074 99.792 -0.098
201603 -0.060 100.470 -0.079
201606 -0.016 101.688 -0.021
201609 -0.068 101.861 -0.088
201612 0.007 101.863 0.009
201703 -0.077 102.862 -0.099
201706 0.021 103.349 0.027
201709 -0.041 104.136 -0.052
201712 0.024 104.011 0.031
201803 -0.031 105.290 -0.039
201806 -0.066 106.317 -0.082
201809 0.000 106.507 0.000
201812 -0.074 105.998 -0.093
201903 -0.023 107.251 -0.028
201906 -0.054 108.070 -0.066
201909 -0.043 108.329 -0.053
201912 -0.048 108.420 -0.059
202003 0.037 108.902 0.045
202006 0.056 108.767 0.068
202009 -0.046 109.815 -0.056
202012 0.000 109.897 0.000
202103 0.012 111.754 0.014
202106 -0.017 114.631 -0.020
202109 0.006 115.734 0.007
202112 0.010 117.630 0.011
202203 0.065 121.301 0.071
202206 -0.100 125.017 -0.106
202209 0.003 125.227 0.003
202212 -0.036 125.222 -0.038
202303 -0.011 127.348 -0.011
202306 0.016 128.729 0.016
202309 -0.044 129.860 -0.045
202312 0.007 129.419 0.007
202403 0.005 131.776 0.005
202406 -0.023 132.554 -0.023

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.


Tecogen  (STU:2T1) 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.


Tecogen Cyclically Adjusted Price-to-FCF Related Terms

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


Tecogen Business Description

Industry
Traded in Other Exchanges
Address
45 First Avenue, Waltham, MA, USA, 02451
Tecogen Inc, designs, manufactures, markets, and maintains high efficiency, ultra-clean cogeneration products. It operates in three business segments, namely Products, Services and Energy Production. Products segment designs, manufactures and sells industrial and commercial cogeneration systems. Services segment provides operations and maintenance services and turn-key installation for products under long term service contracts. Energy Production segment sells energy in the form of electricity, heat, hot water and cooling to the customers under long-term energy sales agreements.

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