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Capital Power (TSX:CPX) Cyclically Adjusted Price-to-FCF : 18.11 (As of Apr. 29, 2024)


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

As of today (2024-04-29), Capital Power's current share price is C$35.31. Capital Power's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$1.95. Capital Power's Cyclically Adjusted Price-to-FCF for today is 18.11.

The historical rank and industry rank for Capital Power's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:CPX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.3   Med: 54.9   Max: 988.67
Current: 18.07

During the past years, Capital Power's highest Cyclically Adjusted Price-to-FCF was 988.67. The lowest was 15.30. And the median was 54.90.

TSX:CPX's Cyclically Adjusted Price-to-FCF is ranked worse than
60.5% of 119 companies
in the Utilities - Independent Power Producers industry
Industry Median: 12.85 vs TSX:CPX: 18.07

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Capital Power's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$-2.226. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is C$1.95 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Capital Power Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Capital 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.

* Premium members only.

Capital Power Cyclically Adjusted Price-to-FCF Chart

Capital Power 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 - 200.74 80.67 37.34 19.37

Capital Power Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 37.34 24.92 25.32 16.48 19.37

Competitive Comparison of Capital Power's Cyclically Adjusted Price-to-FCF

For the Utilities - Independent Power Producers subindustry, Capital 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.


Capital 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, Capital Power's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Capital 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.

Capital Power's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.31/1.95
=18.11

* 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.

Capital Power's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Capital Power's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-2.226/125.4675*125.4675
=-2.226

Current CPI (Dec. 2023) = 125.4675.

Capital Power Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.111 98.604 0.141
201406 0.426 99.473 0.537
201409 0.758 99.394 0.957
201412 0.593 98.367 0.756
201503 0.655 99.789 0.824
201506 -0.206 100.500 -0.257
201509 1.467 100.421 1.833
201512 0.983 99.947 1.234
201603 1.037 101.054 1.288
201606 -0.114 102.002 -0.140
201609 0.810 101.765 0.999
201612 -1.090 101.449 -1.348
201703 0.145 102.634 0.177
201706 0.152 103.029 0.185
201709 0.880 103.345 1.068
201712 0.315 103.345 0.382
201803 0.989 105.004 1.182
201806 0.416 105.557 0.494
201809 -0.681 105.636 -0.809
201812 0.185 105.399 0.220
201903 1.414 106.979 1.658
201906 -1.582 107.690 -1.843
201909 0.150 107.611 0.175
201912 0.823 107.769 0.958
202003 0.038 107.927 0.044
202006 0.038 108.401 0.044
202009 1.810 108.164 2.100
202012 0.884 108.559 1.022
202103 1.014 110.298 1.153
202106 -0.199 111.720 -0.223
202109 1.470 112.905 1.634
202112 -0.111 113.774 -0.122
202203 2.421 117.646 2.582
202206 -0.333 120.806 -0.346
202209 1.243 120.648 1.293
202212 -1.167 120.964 -1.210
202303 2.241 122.702 2.292
202306 -1.022 124.203 -1.032
202309 1.858 125.230 1.862
202312 -2.226 125.468 -2.226

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.


Capital Power  (TSX:CPX) 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.


Capital Power Cyclically Adjusted Price-to-FCF Related Terms

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


Capital Power (TSX:CPX) Business Description

Address
10423 - 101 Street NW, Suite 1200, Edmonton, AB, CAN, T5H 0E9
Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S. Capital Power's natural gas and coal facilities, specifically its Genesee and Shepard sites, account for most of its electric capacity and cash flow production. The company generates the vast majority of its revenue from sales of electricity and natural gas. Its customers include a variety of industrial and commercial consumers, independent transmission system operators, and government-owned entities.

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