GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haynes International Inc (NAS:HAYN) » Definitions » Cyclically Adjusted Price-to-FCF

Haynes International (Haynes International) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Haynes International Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Haynes International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Haynes 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.

Haynes International Cyclically Adjusted Price-to-FCF Chart

Haynes 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 110.42 20.01 37.28 97.14 -

Haynes 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 187.02 567.84 282.47 - -

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

For the Metal Fabrication subindustry, Haynes 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.


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

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

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



Haynes 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.

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

For example, Haynes 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)
=-0.814/129.4194*129.4194
=-0.814

Current CPI (Dec. 2023) = 129.4194.

Haynes International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.337 99.695 -1.736
201406 -0.610 100.560 -0.785
201409 -0.285 100.428 -0.367
201412 -0.327 99.070 -0.427
201503 0.929 99.621 1.207
201506 1.409 100.684 1.811
201509 0.407 100.392 0.525
201512 0.250 99.792 0.324
201603 0.131 100.470 0.169
201606 -0.038 101.688 -0.048
201609 1.463 101.861 1.859
201612 0.612 101.863 0.778
201703 -0.494 102.862 -0.622
201706 -0.295 103.349 -0.369
201709 -0.412 104.136 -0.512
201712 -0.760 104.011 -0.946
201803 -1.122 105.290 -1.379
201806 0.033 106.317 0.040
201809 -0.149 106.507 -0.181
201812 0.388 105.998 0.474
201903 0.145 107.251 0.175
201906 1.136 108.070 1.360
201909 0.968 108.329 1.156
201912 0.378 108.420 0.451
202003 -0.642 108.902 -0.763
202006 1.269 108.767 1.510
202009 1.145 109.815 1.349
202012 1.387 109.897 1.633
202103 0.935 111.754 1.083
202106 0.553 114.631 0.624
202109 -1.500 115.734 -1.677
202112 -2.158 117.630 -2.374
202203 -1.392 121.301 -1.485
202206 -1.968 125.017 -2.037
202209 -2.042 125.227 -2.110
202212 0.998 125.222 1.031
202303 -3.104 127.348 -3.154
202306 0.718 128.729 0.722
202309 -1.194 129.860 -1.190
202312 -0.814 129.419 -0.814

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.


Haynes International  (NAS:HAYN) 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.


Haynes International Cyclically Adjusted Price-to-FCF Related Terms

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


Haynes International (Haynes International) Business Description

Traded in Other Exchanges
Address
1020 West Park Avenue, Kokomo, IN, USA, 46904-9013
Haynes International Inc is a producer of high-performance nickel and cobalt-based alloys. The company is focused on developing, manufacturing, marketing, and distributing technology and high-performance alloys. The company operates in a single segment: the design, manufacture, marketing, and distribution of technologically advanced, high-performance alloys for use in the aerospace, industrial gas turbine, chemical processing, and other industries Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, China, and other countries.
Executives
Lee M Pike officer: VP - Research and Technology 1020 WEST PARK AVENUE, KOKOMO IN 46904
Susan Perry officer: VP, HUMAN RESOURCES 1020 WEST PARK AVENUE, KOKOMO IN 46904
Brian R Shelton director 67 GLENMOOR DRIVE, ENGLEWOOD CO 80113
Alicia B Masse director 1020 WEST PARK AVENUE, PO BOX 9013, KOKOMO IN 46904-9013
Scott R Pinkham officer: V.P. - Manufacturing Planning 1020 WEST PARK AVENUE, KOKOMO IN 46904
Losch Marlin C Iii officer: V.P. - International Sales 14634 BEACON BOULEVARD, CARMEL IN 46032
Van Bibber David Sean officer: Controller, Chief Acctng Oficr C/O HAYNES INTERNATIONAL, INC., 1020 WEST PARK AVE., P.O. BOX 9013, KOKOMO IN 46904
Angela Kohlheim officer: General Counsel 1020 WEST PARK AVENUE, P.O. BOX 9013, KOKOMO IN 46904-9013
Venkat Ishwar officer: VP - Technology 1020 WEST PARK AVENUE, KOKOMO IN 46904
Donald C Campion director 3747 LOCH BEND DR., COMMERCE MI 48382
Michael L Shor director, officer: President and CEO CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612
David L Strobel officer: VP Operations C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612
Janice Catherine Wilken officer: VP-General Counsel & Secretary 1020 W. PARK AVENUE, P.O. BOX 9013, KOKOMO IN 46904-9013
Robert Getz director 830 THIRD AVENUE, 9TH FLOOR, NEW YORK NY 10022
Larry O Spencer director 2000 N M-63, BENTON HARBOR MI 49022