GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Powell Industries Inc (FRA:PW2) » Definitions » Cyclically Adjusted FCF per Share

Powell Industries (FRA:PW2) Cyclically Adjusted FCF per Share : €3.24 (As of Dec. 2023)


View and export this data going back to 2014. Start your Free Trial

What is Powell Industries Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Powell Industries's adjusted free cash flow per share for the three months ended in Dec. 2023 was €6.208. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €3.24 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Powell Industries's average Cyclically Adjusted FCF Growth Rate was 143.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 25.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 3.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Powell Industries was 121.10% per year. The lowest was -34.10% per year. And the median was 1.80% per year.

As of today (2024-04-28), Powell Industries's current stock price is €136.50. Powell Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €3.24. Powell Industries's Cyclically Adjusted Price-to-FCF of today is 42.13.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Powell Industries was 64.80. The lowest was 11.29. And the median was 23.78.


Powell Industries Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Powell Industries's Cyclically Adjusted FCF per Share 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.

Powell Industries Cyclically Adjusted FCF per Share Chart

Powell Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.35 1.27 1.03 1.64 2.86

Powell Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 1.36 1.58 1.91 2.86 3.24

Competitive Comparison of Powell Industries's Cyclically Adjusted FCF per Share

For the Electrical Equipment & Parts subindustry, Powell Industries'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.


Powell Industries's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Powell Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Powell Industries Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Powell Industries'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)
=6.208/129.4194*129.4194
=6.208

Current CPI (Dec. 2023) = 129.4194.

Powell Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.889 99.695 -1.154
201406 -0.650 100.560 -0.837
201409 1.195 100.428 1.540
201412 -2.808 99.070 -3.668
201503 0.684 99.621 0.889
201506 1.289 100.684 1.657
201509 -0.469 100.392 -0.605
201512 1.888 99.792 2.449
201603 0.051 100.470 0.066
201606 2.771 101.688 3.527
201609 0.940 101.861 1.194
201612 0.203 101.863 0.258
201703 1.268 102.862 1.595
201706 0.515 103.349 0.645
201709 0.628 104.136 0.780
201712 -1.158 104.011 -1.441
201803 0.169 105.290 0.208
201806 -1.227 106.317 -1.494
201809 -0.222 106.507 -0.270
201812 0.636 105.998 0.777
201903 1.197 107.251 1.444
201906 0.507 108.070 0.607
201909 2.606 108.329 3.113
201912 -0.023 108.420 -0.027
202003 0.329 108.902 0.391
202006 3.429 108.767 4.080
202009 1.312 109.815 1.546
202012 -1.840 109.897 -2.167
202103 0.462 111.754 0.535
202106 -1.591 114.631 -1.796
202109 0.619 115.734 0.692
202112 -2.126 117.630 -2.339
202203 1.088 121.301 1.161
202206 -1.226 125.017 -1.269
202209 1.956 125.227 2.021
202212 -0.256 125.222 -0.265
202303 4.262 127.348 4.331
202306 3.737 128.729 3.757
202309 5.657 129.860 5.638
202312 6.208 129.419 6.208

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Powell Industries  (FRA:PW2) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Powell Industries's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=136.50/3.24
=42.13

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Powell Industries was 64.80. The lowest was 11.29. And the median was 23.78.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Powell Industries Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Powell Industries's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Powell Industries (FRA:PW2) Business Description

Traded in Other Exchanges
Address
8550 Mosley Road, Houston, TX, USA, 77075-1180
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.

Powell Industries (FRA:PW2) Headlines

No Headlines