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NextEra Energy (WBO:NEE) Cyclically Adjusted Price-to-FCF : 176.18 (As of May. 17, 2024)


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What is NextEra Energy Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), NextEra Energy's current share price is €70.47. NextEra Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.40. NextEra Energy's Cyclically Adjusted Price-to-FCF for today is 176.18.

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

WBO:NEE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 34.34   Med: 60.6   Max: 227.71
Current: 177.26

During the past years, NextEra Energy's highest Cyclically Adjusted Price-to-FCF was 227.71. The lowest was 34.34. And the median was 60.60.

WBO:NEE's Cyclically Adjusted Price-to-FCF is ranked worse than
94.42% of 233 companies
in the Utilities - Regulated industry
Industry Median: 17.03 vs WBO:NEE: 177.26

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.

NextEra Energy's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.273. 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 €0.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NextEra Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NextEra Energy'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.

NextEra Energy Cyclically Adjusted Price-to-FCF Chart

NextEra Energy 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 135.35 192.24 226.24 193.06 156.89

NextEra Energy 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 195.09 187.46 136.28 156.89 148.26

Competitive Comparison of NextEra Energy's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, NextEra Energy'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.


NextEra Energy's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NextEra Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



NextEra Energy 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.

NextEra Energy's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=70.47/0.4
=176.18

* 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.

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

For example, NextEra Energy'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)
=0.273/131.7762*131.7762
=0.273

Current CPI (Mar. 2024) = 131.7762.

NextEra Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.310 100.560 0.406
201409 0.324 100.428 0.425
201412 0.317 99.070 0.422
201503 0.183 99.621 0.242
201506 0.403 100.684 0.527
201509 0.264 100.392 0.347
201512 0.253 99.792 0.334
201603 0.136 100.470 0.178
201606 0.308 101.688 0.399
201609 0.503 101.861 0.651
201612 0.078 101.863 0.101
201703 -0.290 102.862 -0.372
201706 0.474 103.349 0.604
201709 0.443 104.136 0.561
201712 -0.164 104.011 -0.208
201803 0.001 105.290 0.001
201806 0.104 106.317 0.129
201809 0.254 106.507 0.314
201812 -0.075 105.998 -0.093
201903 -1.961 107.251 -2.409
201906 0.097 108.070 0.118
201909 0.615 108.329 0.748
201912 -0.082 108.420 -0.100
202003 0.047 108.902 0.057
202006 -0.025 108.767 -0.030
202009 0.509 109.815 0.611
202012 -0.418 109.897 -0.501
202103 -0.121 111.754 -0.143
202106 0.142 114.631 0.163
202109 0.421 115.734 0.479
202112 -0.586 117.630 -0.656
202203 -0.156 121.301 -0.169
202206 0.291 125.017 0.307
202209 0.215 125.227 0.226
202212 -1.028 125.222 -1.082
202303 -0.289 127.348 -0.299
202306 0.265 128.729 0.271
202309 0.464 129.860 0.471
202312 0.350 129.419 0.356
202403 0.273 131.776 0.273

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.


NextEra Energy  (WBO:NEE) 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.


NextEra Energy Cyclically Adjusted Price-to-FCF Related Terms

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


NextEra Energy (WBO:NEE) Business Description

Address
700 Universe Boulevard, Juno Beach, FL, USA, 33408
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 32 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 25 GW of generation capacity, including natural gas, nuclear, wind, and solar.