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Dover (BSP:D1OV34) Cyclically Adjusted Price-to-FCF : 28.27 (As of May. 15, 2024)


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What is Dover Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Dover's current share price is R$373.16. Dover's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$13.20. Dover's Cyclically Adjusted Price-to-FCF for today is 28.27.

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

BSP:D1OV34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.96   Med: 16.8   Max: 30.95
Current: 29.3

During the past years, Dover's highest Cyclically Adjusted Price-to-FCF was 30.95. The lowest was 8.96. And the median was 16.80.

BSP:D1OV34's Cyclically Adjusted Price-to-FCF is ranked better than
55.9% of 1034 companies
in the Industrial Products industry
Industry Median: 33.7 vs BSP:D1OV34: 29.30

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.

Dover's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$2.174. 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 R$13.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dover Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dover'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.

Dover Cyclically Adjusted Price-to-FCF Chart

Dover 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 22.27 23.35 30.71 22.91 24.98

Dover 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 24.86 24.29 22.72 24.98 28.26

Competitive Comparison of Dover's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Dover'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.


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

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

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



Dover 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=373.16/13.2
=28.27

* 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.

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

For example, Dover'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)
=2.174/129.4194*129.4194
=2.174

Current CPI (Mar. 2024) = 129.4194.

Dover Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.464 100.560 1.884
201409 1.785 100.428 2.300
201412 2.923 99.070 3.818
201503 1.020 99.621 1.325
201506 1.575 100.684 2.025
201509 2.008 100.392 2.589
201512 3.120 99.792 4.046
201603 1.139 100.470 1.467
201606 1.885 101.688 2.399
201609 1.956 101.861 2.485
201612 2.846 101.863 3.616
201703 0.356 102.862 0.448
201706 1.293 103.349 1.619
201709 2.208 104.136 2.744
201712 2.957 104.011 3.679
201803 -0.096 105.290 -0.118
201806 1.309 106.317 1.593
201809 2.779 106.507 3.377
201812 4.292 105.998 5.240
201903 -0.165 107.251 -0.199
201906 2.027 108.070 2.427
201909 4.268 108.329 5.099
201912 4.357 108.420 5.201
202003 0.598 108.902 0.711
202006 4.165 108.767 4.956
202009 5.479 109.815 6.457
202012 6.637 109.897 7.816
202103 2.837 111.754 3.285
202106 3.779 114.631 4.267
202109 5.506 115.734 6.157
202112 5.385 117.630 5.925
202203 -0.457 121.301 -0.488
202206 2.243 125.017 2.322
202209 3.645 125.227 3.767
202212 5.272 125.222 5.449
202303 3.573 127.348 3.631
202306 2.679 128.729 2.693
202309 5.977 129.860 5.957
202312 7.935 129.419 7.935
202403 2.174 129.419 2.174

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.


Dover  (BSP:D1OV34) 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.


Dover Cyclically Adjusted Price-to-FCF Related Terms

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


Dover (BSP:D1OV34) Business Description

Industry
Traded in Other Exchanges
Address
3005 Highland Parkway, Downers Grove, IL, USA, 60515
Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.

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