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Joao Fortes Engenharia (BSP:JFEN3) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Joao Fortes Engenharia Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Joao Fortes Engenharia Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Joao Fortes Engenharia'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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Joao Fortes Engenharia Cyclically Adjusted Price-to-FCF Chart

Joao Fortes Engenharia Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Joao Fortes Engenharia Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Joao Fortes Engenharia's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Joao Fortes Engenharia'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.


Joao Fortes Engenharia's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Joao Fortes Engenharia's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Joao Fortes Engenharia 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.

Joao Fortes Engenharia's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Joao Fortes Engenharia'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)
=-0.157/156.2729*156.2729
=-0.157

Current CPI (Dec. 2023) = 156.2729.

Joao Fortes Engenharia Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -28.854 90.447 -49.853
201406 -25.080 91.838 -42.677
201409 -51.172 92.602 -86.357
201412 -36.106 94.194 -59.902
201503 -6.413 97.799 -10.247
201506 -5.085 100.006 -7.946
201509 -8.014 101.392 -12.352
201512 -11.412 104.247 -17.107
201603 2.566 106.979 3.748
201606 0.142 108.851 0.204
201609 4.028 109.986 5.723
201612 4.185 110.802 5.902
201703 -0.276 111.869 -0.386
201706 10.740 112.115 14.970
201709 0.638 112.777 0.884
201712 -0.738 114.068 -1.011
201803 -5.706 114.868 -7.763
201806 2.127 117.038 2.840
201809 1.041 117.881 1.380
201812 2.877 118.340 3.799
201903 0.228 120.124 0.297
201906 2.680 120.977 3.462
201909 1.409 121.292 1.815
201912 2.896 123.436 3.666
202003 0.936 124.092 1.179
202006 -0.017 123.557 -0.022
202009 0.177 125.095 0.221
202012 -1.551 129.012 -1.879
202103 0.467 131.660 0.554
202106 -0.122 133.871 -0.142
202109 -0.191 137.913 -0.216
202112 0.598 141.992 0.658
202203 -0.191 146.537 -0.204
202206 0.253 149.784 0.264
202209 -0.045 147.800 -0.048
202212 -0.496 150.207 -0.516
202303 0.161 153.352 0.164
202306 0.748 154.519 0.756
202309 1.580 155.464 1.588
202312 -0.157 156.273 -0.157

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.


Joao Fortes Engenharia  (BSP:JFEN3) 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.


Joao Fortes Engenharia Cyclically Adjusted Price-to-FCF Related Terms

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Joao Fortes Engenharia (BSP:JFEN3) Business Description

Traded in Other Exchanges
N/A
Address
Av Das Americas, 500, Bl. 19, Salas 105 a 108, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22640100
Joao Fortes Engenharia SA is engaged in the development, marketing and management of residential, commercial and industrial building, such as residential houses, commercial and business centers, corporate headquarters, hotels and special projects.

Joao Fortes Engenharia (BSP:JFEN3) Headlines

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