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Atlantic Power (TSX:ATP) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Atlantic Power Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Atlantic Power Cyclically Adjusted Price-to-FCF Historical Data

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

Atlantic Power Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted Price-to-FCF
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Atlantic Power Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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Competitive Comparison of Atlantic Power's Cyclically Adjusted Price-to-FCF

For the Utilities - Independent Power Producers subindustry, Atlantic Power'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.


Atlantic Power's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Atlantic Power's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Atlantic Power 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.

Atlantic Power's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2021 is calculated as:

For example, Atlantic Power's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2021 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2021 (Change)*Current CPI (Mar. 2021)
=0.114/111.7544*111.7544
=0.114

Current CPI (Mar. 2021) = 111.7544.

Atlantic Power Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201106 -0.044 95.235 -0.052
201109 -0.212 95.727 -0.247
201112 0.650 95.213 0.763
201203 0.577 96.783 0.666
201206 0.204 96.819 0.235
201209 0.283 97.633 0.324
201212 0.342 96.871 0.395
201303 0.758 98.209 0.863
201306 0.047 98.518 0.053
201309 0.387 98.790 0.438
201312 0.069 98.326 0.078
201403 -0.289 99.695 -0.324
201406 0.308 100.560 0.342
201409 0.288 100.428 0.320
201412 0.162 99.070 0.183
201503 0.348 99.621 0.390
201506 0.148 100.684 0.164
201509 0.107 100.392 0.119
201512 0.210 99.792 0.235
201603 0.311 100.470 0.346
201606 0.244 101.688 0.268
201609 0.370 101.861 0.406
201612 0.228 101.863 0.250
201703 0.374 102.862 0.406
201706 0.570 103.349 0.616
201709 0.548 104.136 0.588
201712 0.343 104.011 0.369
201803 0.453 105.290 0.481
201806 0.326 106.317 0.343
201809 0.225 106.507 0.236
201812 0.377 105.998 0.397
201903 0.279 107.251 0.291
201906 0.468 108.070 0.484
201909 0.345 108.329 0.356
201912 0.408 108.420 0.421
202003 -0.017 108.902 -0.017
202006 0.408 108.767 0.419
202009 0.239 109.815 0.243
202012 0.355 109.897 0.361
202103 0.114 111.754 0.114

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.


Atlantic Power  (TSX:ATP) 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.


Atlantic Power Cyclically Adjusted Price-to-FCF Related Terms

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Atlantic Power (TSX:ATP) Business Description

Traded in Other Exchanges
N/A
Address
3 Allied Drive, Suite 155, Dedham, MA, USA, 02026
Atlantic Power Corp is an independent power producer that owns power generation assets in the United States and Canada. Its power generation projects, which are diversified by geography, fuel type, dispatch profile, and offtaker, sell electricity to utilities and other large customers predominantly under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. It has four reportable segments: Solid Fuel, Natural Gas, Hydroelectric and Corporate. A vast majority of the revenues are generated from the natural gas segment.

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