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FirstEnergy (BSP:F1EC34) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is FirstEnergy Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


FirstEnergy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FirstEnergy'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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FirstEnergy Cyclically Adjusted Price-to-FCF Chart

FirstEnergy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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FirstEnergy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of FirstEnergy's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, FirstEnergy'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.


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

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

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



FirstEnergy 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.

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

For example, FirstEnergy'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)
=-7.176/129.4194*129.4194
=-7.176

Current CPI (Mar. 2024) = 129.4194.

FirstEnergy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.471 100.560 -1.893
201409 2.282 100.428 2.941
201412 0.012 99.070 0.016
201503 -3.973 99.621 -5.161
201506 -0.427 100.684 -0.549
201509 7.217 100.392 9.304
201512 3.408 99.792 4.420
201603 -1.710 100.470 -2.203
201606 -0.089 101.688 -0.113
201609 3.421 101.861 4.347
201612 0.586 101.863 0.745
201703 0.458 102.862 0.576
201706 0.215 103.349 0.269
201709 4.671 104.136 5.805
201712 1.544 104.011 1.921
201803 -10.036 105.290 -12.336
201806 -1.039 106.317 -1.265
201809 1.717 106.507 2.086
201812 0.897 105.998 1.095
201903 -5.303 107.251 -6.399
201906 0.962 108.070 1.152
201909 3.253 108.329 3.886
201912 -0.173 108.420 -0.207
202003 -10.582 108.902 -12.576
202006 0.325 108.767 0.387
202009 0.139 109.815 0.164
202012 -1.004 109.897 -1.182
202103 -0.735 111.754 -0.851
202106 1.772 114.631 2.001
202109 2.083 115.734 2.329
202112 0.309 117.630 0.340
202203 -1.604 121.301 -1.711
202206 2.480 125.017 2.567
202209 -1.027 125.227 -1.061
202212 -0.532 125.222 -0.550
202303 -6.918 127.348 -7.031
202306 -7.357 128.729 -7.396
202309 -1.772 129.860 -1.766
202312 8.178 129.419 8.178
202403 -7.176 129.419 -7.176

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.


FirstEnergy  (BSP:F1EC34) 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.


FirstEnergy Cyclically Adjusted Price-to-FCF Related Terms

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FirstEnergy (BSP:F1EC34) Business Description

Traded in Other Exchanges
Address
76 South Main Street, Akron, OH, USA, 44308
FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.

FirstEnergy (BSP:F1EC34) Headlines

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