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J M AB (STU:JMM) Cyclically Adjusted Price-to-FCF : (As of Jun. 24, 2024)


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What is J M AB Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


J M AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for J M AB'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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J M AB Cyclically Adjusted Price-to-FCF Chart

J M AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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J M AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of J M AB's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, J M AB'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.


J M AB's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, J M AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



J M AB 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.

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

For example, J M AB'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)
=-1.249/132.2054*132.2054
=-1.249

Current CPI (Mar. 2024) = 132.2054.

J M AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.758 100.432 0.998
201409 0.494 100.161 0.652
201412 0.474 100.225 0.625
201503 -0.390 99.950 -0.516
201506 0.946 99.995 1.251
201509 -0.275 100.228 -0.363
201512 -0.618 100.276 -0.815
201603 0.879 100.751 1.153
201606 1.301 101.019 1.703
201609 0.147 101.138 0.192
201612 -0.025 102.022 -0.032
201703 1.356 102.022 1.757
201706 0.579 102.752 0.745
201709 1.193 103.279 1.527
201712 -2.986 103.793 -3.803
201803 -1.083 103.962 -1.377
201806 -1.689 104.875 -2.129
201809 -0.625 105.679 -0.782
201812 -4.705 105.912 -5.873
201903 -0.146 105.886 -0.182
201906 -0.621 106.742 -0.769
201909 -1.602 107.214 -1.975
201912 -1.052 107.766 -1.291
202003 -0.745 106.563 -0.924
202006 0.550 107.498 0.676
202009 -0.954 107.635 -1.172
202012 0.956 108.296 1.167
202103 -0.151 108.360 -0.184
202106 -0.076 108.928 -0.092
202109 -1.434 110.338 -1.718
202112 0.301 112.486 0.354
202203 -0.421 114.825 -0.485
202206 -0.854 118.384 -0.954
202209 -0.652 122.296 -0.705
202212 -0.716 126.365 -0.749
202303 1.534 127.042 1.596
202306 -0.520 129.407 -0.531
202309 -0.502 130.224 -0.510
202312 0.996 131.912 0.998
202403 -1.249 132.205 -1.249

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.


J M AB  (STU:JMM) 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.


J M AB Cyclically Adjusted Price-to-FCF Related Terms

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J M AB (STU:JMM) Business Description

Traded in Other Exchanges
Address
Gustav III:S boulevard 64, Solna, Stockholm, SWE, SE-169 82
J M AB is a Nordic residential construction developer. It is focused on apartments and townhomes in metropolitan areas and university towns across Sweden, Norway, and Finland. The company has five operating segments; JM RESIDENTIAL STOCKHOLM; which develops residential projects in Greater Stockholm, JM RESIDENTIAL SWEDEN; which develops residential projects in growth areas in Sweden, excluding Greater Stockholm, JM INTERNATIONAL; develops residential projects in Norway and Finland, JM PROPERTY DEVELOPMENT; develops rental units, residential care units and commercial properties in Greater Stockholm, JM CONSTRUCTION; carries out construction work for external and internal customers in the Greater Stockholm area.

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