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PJP Makrum (WAR:PJP) Cyclically Adjusted Price-to-FCF : 13.69 (As of Jun. 20, 2024)


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What is PJP Makrum Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), PJP Makrum's current share price is zł16.70. PJP Makrum's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł1.22. PJP Makrum's Cyclically Adjusted Price-to-FCF for today is 13.69.

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

WAR:PJP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.61   Med: 17.47   Max: 67.68
Current: 13.72

During the past years, PJP Makrum's highest Cyclically Adjusted Price-to-FCF was 67.68. The lowest was 6.61. And the median was 17.47.

WAR:PJP's Cyclically Adjusted Price-to-FCF is ranked better than
59.01% of 588 companies
in the Construction industry
Industry Median: 17.445 vs WAR:PJP: 13.72

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.

PJP Makrum's adjusted free cash flow per share data for the three months ended in Mar. 2024 was zł-0.251. 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 zł1.22 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PJP Makrum Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PJP Makrum'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.

PJP Makrum Cyclically Adjusted Price-to-FCF Chart

PJP Makrum 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 38.71 25.64 12.93 8.60 14.47

PJP Makrum 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 13.15 10.21 10.51 14.47 15.19

Competitive Comparison of PJP Makrum's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, PJP Makrum'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.


PJP Makrum's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, PJP Makrum's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PJP Makrum 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.

PJP Makrum's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.70/1.22
=13.69

* 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.

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

For example, PJP Makrum'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)
=-0.251/149.0435*149.0435
=-0.251

Current CPI (Mar. 2024) = 149.0435.

PJP Makrum Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.809 101.180 -1.192
201409 -1.589 100.611 -2.354
201412 0.939 100.122 1.398
201503 -0.619 100.041 -0.922
201506 0.051 100.448 0.076
201509 -0.017 99.634 -0.025
201512 1.046 99.471 1.567
201603 -0.749 98.983 -1.128
201606 0.080 99.552 0.120
201609 -0.658 99.064 -0.990
201612 0.735 100.366 1.091
201703 0.637 101.018 0.940
201706 -0.503 101.180 -0.741
201709 0.706 101.343 1.038
201712 -0.626 102.564 -0.910
201803 1.759 102.564 2.556
201806 -0.531 103.378 -0.766
201809 1.014 103.378 1.462
201812 0.729 103.785 1.047
201903 -0.791 104.274 -1.131
201906 0.692 105.983 0.973
201909 0.082 105.983 0.115
201912 0.668 107.123 0.929
202003 1.193 109.076 1.630
202006 -1.244 109.402 -1.695
202009 2.133 109.320 2.908
202012 0.319 109.565 0.434
202103 0.056 112.658 0.074
202106 2.175 113.960 2.845
202109 -2.765 115.588 -3.565
202112 2.582 119.088 3.231
202203 -1.087 125.031 -1.296
202206 -0.651 131.705 -0.737
202209 3.470 135.531 3.816
202212 1.237 139.113 1.325
202303 -1.056 145.950 -1.078
202306 -0.286 147.009 -0.290
202309 1.878 146.113 1.916
202312 -0.176 147.741 -0.178
202403 -0.251 149.044 -0.251

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.


PJP Makrum  (WAR:PJP) 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.


PJP Makrum Cyclically Adjusted Price-to-FCF Related Terms

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


PJP Makrum (WAR:PJP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Plac Koscieleckich 3, Bydgoszcz, POL, 85-033
PJP Makrum SA operates in three areas. The first consists of production of steel structures, for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses and retail space). The third activity is docking solutions.

PJP Makrum (WAR:PJP) Headlines