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Johnson Controls International (FRA:TYIA) Cyclically Adjusted Price-to-FCF : 38.30 (As of Apr. 28, 2024)


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What is Johnson Controls International Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Johnson Controls International's current share price is €59.75. Johnson Controls International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €1.56. Johnson Controls International's Cyclically Adjusted Price-to-FCF for today is 38.30.

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

FRA:TYIA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.27   Med: 38.18   Max: 66.27
Current: 37.47

During the past years, Johnson Controls International's highest Cyclically Adjusted Price-to-FCF was 66.27. The lowest was 5.27. And the median was 38.18.

FRA:TYIA's Cyclically Adjusted Price-to-FCF is ranked worse than
74.56% of 566 companies
in the Construction industry
Industry Median: 17.73 vs FRA:TYIA: 37.47

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.

Johnson Controls International's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €-0.454. 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 €1.56 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Johnson Controls International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Johnson Controls International'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.

Johnson Controls International Cyclically Adjusted Price-to-FCF Chart

Johnson Controls International Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.16 46.71 55.70 31.29 31.68

Johnson Controls International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 41.26 37.13 42.25 31.68 33.17

Competitive Comparison of Johnson Controls International's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Johnson Controls International'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.


Johnson Controls International's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Johnson Controls International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Johnson Controls International 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.

Johnson Controls International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=59.75/1.56
=38.30

* 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.

Johnson Controls International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Johnson Controls International'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)
=-0.454/120.1096*120.1096
=-0.454

Current CPI (Dec. 2023) = 120.1096.

Johnson Controls International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.533 100.573 0.637
201406 0.504 100.773 0.601
201409 0.923 100.474 1.103
201412 -0.536 99.576 -0.647
201503 0.097 99.975 0.117
201506 0.563 100.573 0.672
201509 0.505 100.274 0.605
201512 -0.415 99.676 -0.500
201603 0.514 99.676 0.619
201606 -0.279 101.072 -0.332
201609 0.950 100.274 1.138
201612 -2.257 99.676 -2.720
201703 0.103 100.374 0.123
201706 -0.138 100.673 -0.165
201709 1.466 100.474 1.753
201712 -0.225 100.075 -0.270
201803 0.438 100.573 0.523
201806 0.484 101.072 0.575
201809 1.002 101.371 1.187
201812 -0.037 100.773 -0.044
201903 0.358 101.670 0.423
201906 -0.017 102.168 -0.020
201909 0.351 102.268 0.412
201912 0.222 102.068 0.261
202003 0.020 102.367 0.023
202006 1.127 101.769 1.330
202009 0.718 101.072 0.853
202012 0.439 101.072 0.522
202103 0.627 102.367 0.736
202106 0.826 103.364 0.960
202109 0.347 104.859 0.397
202112 0.316 106.653 0.356
202203 -0.249 109.245 -0.274
202206 0.432 112.734 0.460
202209 1.486 113.431 1.573
202212 -0.588 115.425 -0.612
202303 0.261 117.618 0.267
202306 0.944 119.611 0.948
202309 1.669 120.708 1.661
202312 -0.454 120.110 -0.454

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.


Johnson Controls International  (FRA:TYIA) 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.


Johnson Controls International Cyclically Adjusted Price-to-FCF Related Terms

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


Johnson Controls International (FRA:TYIA) Business Description

Traded in Other Exchanges
Address
One Albert Quay, Cork, IRL, T12 X8N6
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration systems, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.

Johnson Controls International (FRA:TYIA) Headlines

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