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The AES (STU:AES) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is The AES Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


The AES Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The AES'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.

The AES Cyclically Adjusted Price-to-FCF Chart

The AES 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 32.50 41.18 48.55 258.29 -

The AES Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of The AES's Cyclically Adjusted Price-to-FCF

For the Utilities - Diversified subindustry, The AES'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.


The AES's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

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

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



The AES 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.

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

For example, The AES'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)
=-2.405/131.7762*131.7762
=-2.405

Current CPI (Mar. 2024) = 131.7762.

The AES Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.280 100.560 -0.367
201409 0.296 100.428 0.388
201412 -0.059 99.070 -0.078
201503 -0.238 99.621 -0.315
201506 -0.508 100.684 -0.665
201509 0.517 100.392 0.679
201512 0.011 99.792 0.015
201603 0.000 100.470 0.000
201606 0.146 101.688 0.189
201609 0.409 101.861 0.529
201612 0.201 101.863 0.260
201703 0.332 102.862 0.425
201706 -0.531 103.349 -0.677
201709 0.348 104.136 0.440
201712 0.273 104.011 0.346
201803 0.024 105.290 0.030
201806 -0.129 106.317 -0.160
201809 0.218 106.507 0.270
201812 0.175 105.998 0.218
201903 0.247 107.251 0.303
201906 -0.252 108.070 -0.307
201909 0.276 108.329 0.336
201912 -0.116 108.420 -0.141
202003 -0.275 108.902 -0.333
202006 0.078 108.767 0.095
202009 1.089 109.815 1.307
202012 0.174 109.897 0.209
202103 -0.226 111.754 -0.266
202106 -0.267 114.631 -0.307
202109 0.287 115.734 0.327
202112 -0.078 117.630 -0.087
202203 -0.395 121.301 -0.429
202206 -0.687 125.017 -0.724
202209 -0.381 125.227 -0.401
202212 -1.122 125.222 -1.181
202303 -1.215 127.348 -1.257
202306 -1.770 128.729 -1.812
202309 -1.023 129.860 -1.038
202312 -2.195 129.419 -2.235
202403 -2.405 131.776 -2.405

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.


The AES  (STU:AES) 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.


The AES Cyclically Adjusted Price-to-FCF Related Terms

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


The AES (STU:AES) Business Description

Industry
Traded in Other Exchanges
Address
4300 Wilson Boulevard, 11th Floor, Arlington, VA, USA, 22203
AES is a global power company. Its current generation portfolio as of year-end 2022 consists of over 32 gigawatts of generation including renewable energy (46%), gas (32%), coal (20%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers.

The AES (STU:AES) Headlines

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