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CPD (WAR:CPD) Cyclically Adjusted Price-to-FCF : (As of Jun. 18, 2024)


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What is CPD Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


CPD Cyclically Adjusted Price-to-FCF Historical Data

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

CPD Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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CPD Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Mar24
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Competitive Comparison of CPD's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, CPD'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.


CPD's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CPD's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



CPD 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.

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

For example, CPD'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)
=-0.001/149.0435*149.0435
=-0.001

Current CPI (Mar. 2024) = 149.0435.

CPD Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.146 101.018 0.215
201403 -0.065 101.262 -0.096
201406 -0.115 101.180 -0.169
201409 -0.071 100.611 -0.105
201412 -0.097 100.122 -0.144
201503 0.966 100.041 1.439
201506 -1.203 100.448 -1.785
201509 -0.093 99.634 -0.139
201512 0.062 99.471 0.093
201603 -0.065 98.983 -0.098
201606 -0.139 99.552 -0.208
201609 0.301 99.064 0.453
201612 0.109 100.366 0.162
201703 0.952 101.018 1.405
201706 0.350 101.180 0.516
201709 -0.246 101.343 -0.362
201712 -0.566 102.564 -0.822
201803 -1.754 102.564 -2.549
201806 0.756 103.378 1.090
201809 0.753 103.378 1.086
201812 0.309 103.785 0.444
201903 -0.414 104.274 -0.592
201906 0.028 105.983 0.039
201909 0.050 105.983 0.070
201912 -1.232 107.123 -1.714
202003 -0.037 109.076 -0.051
202006 -1.352 109.402 -1.842
202009 0.707 109.320 0.964
202012 -0.385 109.565 -0.524
202103 0.240 112.658 0.318
202106 -0.600 113.960 -0.785
202109 0.221 115.588 0.285
202112 -0.236 119.088 -0.295
202203 -0.029 125.031 -0.035
202206 0.560 131.705 0.634
202209 -0.309 135.531 -0.340
202212 -1.134 139.113 -1.215
202303 -0.151 145.950 -0.154
202306 -3.177 147.009 -3.221
202403 -0.001 149.044 -0.001

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.


CPD  (WAR:CPD) 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.


CPD Cyclically Adjusted Price-to-FCF Related Terms

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CPD (WAR:CPD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CPD SA (WAR:CPD) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
ul. Cybernetics 7b, Warszawa, POL, 02-677
CPD SA through its subsidiaries is involved in developing and selling office and residential properties in Poland and internationally. The company also acquires lands; and constructs office, commercial, and residential buildings, as well as leases office buildings and warehouses. In addition, it provides commercial real estate management services.

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