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Electrodistribution Grid West AD (XBUL:CEZD) Cyclically Adjusted Price-to-FCF : (As of May. 06, 2024)


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What is Electrodistribution Grid West AD Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Electrodistribution Grid West AD Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Electrodistribution Grid West AD'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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Electrodistribution Grid West AD Cyclically Adjusted Price-to-FCF Chart

Electrodistribution Grid West AD Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted Price-to-FCF
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Electrodistribution Grid West AD Quarterly Data
Dec16 Mar17 Sep17 Dec17 Mar18 Jun18 Dec18 Mar19 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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Competitive Comparison of Electrodistribution Grid West AD's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, Electrodistribution Grid West AD'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.


Electrodistribution Grid West AD's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Electrodistribution Grid West AD's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Electrodistribution Grid West AD's Cyclically Adjusted Price-to-FCF falls into.



Electrodistribution Grid West AD 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.

Electrodistribution Grid West AD's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec21 is calculated as:

For example, Electrodistribution Grid West AD's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec21 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec21 (Change)*Current CPI (Dec21)
=-14.012/117.6295*117.6295
=-14.012

Current CPI (Dec21) = 117.6295.

Electrodistribution Grid West AD Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 -9.622 96.871 -11.684
201312 8.270 98.326 9.894
201412 -13.216 99.070 -15.692
201512 9.967 99.792 11.749
201612 -6.945 101.863 -8.020
201712 -28.389 104.011 -32.106
201812 -14.753 105.998 -16.372
201912 -7.189 108.420 -7.800
202012 18.259 109.897 19.544
202112 -14.012 117.630 -14.012

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.


Electrodistribution Grid West AD  (XBUL:CEZD) 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.


Electrodistribution Grid West AD Cyclically Adjusted Price-to-FCF Related Terms

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Electrodistribution Grid West AD (XBUL:CEZD) Business Description

Traded in Other Exchanges
N/A
Address
330,Tzar Simeon Str, Sofia, BGR, 1309
Electrodistribution Grid West AD formerly CEZ Distribution Bulgaria AD operates and maintains electricity distribution network in Bulgaria. It operates high, medium, and low voltage electricity power lines and systems. The company is also involved in the construction of electricity distribution and metering systems; and maintenance of the operated facilities and equipment. In addition, it offers other electricity services, such as external electricity supply survey, technical advice, on location survey, data submission, dry-run and dncs statement, design agreement, and site development and construction regulation plans of residential areas.

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