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Hyster-Yale Materials Handling (Hyster-Yale Materials Handling) Cyclically Adjusted Price-to-FCF : 62.43 (As of Apr. 27, 2024)


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What is Hyster-Yale Materials Handling Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Hyster-Yale Materials Handling's current share price is $58.68. Hyster-Yale Materials Handling's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.94. Hyster-Yale Materials Handling's Cyclically Adjusted Price-to-FCF for today is 62.43.

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

HY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.71   Med: 22.91   Max: 74.78
Current: 63.76

During the past years, Hyster-Yale Materials Handling's highest Cyclically Adjusted Price-to-FCF was 74.78. The lowest was 13.71. And the median was 22.91.

HY's Cyclically Adjusted Price-to-FCF is ranked worse than
76.77% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 27.08 vs HY: 63.76

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.

Hyster-Yale Materials Handling's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.654. 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 $0.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hyster-Yale Materials Handling Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hyster-Yale Materials Handling'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.

Hyster-Yale Materials Handling Cyclically Adjusted Price-to-FCF Chart

Hyster-Yale Materials Handling 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 - - 22.94 22.02 66.03

Hyster-Yale Materials Handling 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 22.02 39.33 46.52 37.78 66.03

Competitive Comparison of Hyster-Yale Materials Handling's Cyclically Adjusted Price-to-FCF

For the Farm & Heavy Construction Machinery subindustry, Hyster-Yale Materials Handling'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.


Hyster-Yale Materials Handling's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hyster-Yale Materials Handling's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hyster-Yale Materials Handling's Cyclically Adjusted Price-to-FCF falls into.



Hyster-Yale Materials Handling 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.

Hyster-Yale Materials Handling's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=58.68/0.94
=62.43

* 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.

Hyster-Yale Materials Handling's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Hyster-Yale Materials Handling'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)
=1.654/129.4194*129.4194
=1.654

Current CPI (Dec. 2023) = 129.4194.

Hyster-Yale Materials Handling Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.293 99.695 -1.679
201406 -0.517 100.560 -0.665
201409 2.388 100.428 3.077
201412 2.580 99.070 3.370
201503 -0.808 99.621 -1.050
201506 -0.508 100.684 -0.653
201509 1.461 100.392 1.883
201512 2.467 99.792 3.199
201603 -1.518 100.470 -1.955
201606 -0.926 101.688 -1.179
201609 2.111 101.861 2.682
201612 -5.241 101.863 -6.659
201703 5.803 102.862 7.301
201706 1.685 103.349 2.110
201709 0.532 104.136 0.661
201712 -0.514 104.011 -0.640
201803 1.274 105.290 1.566
201806 0.898 106.317 1.093
201809 1.903 106.507 2.312
201812 -2.330 105.998 -2.845
201903 -1.859 107.251 -2.243
201906 -3.489 108.070 -4.178
201909 2.426 108.329 2.898
201912 4.512 108.420 5.386
202003 -3.771 108.902 -4.481
202006 1.274 108.767 1.516
202009 4.809 109.815 5.668
202012 4.540 109.897 5.347
202103 -3.254 111.754 -3.768
202106 -3.796 114.631 -4.286
202109 -6.094 115.734 -6.815
202112 -4.546 117.630 -5.002
202203 2.932 121.301 3.128
202206 -3.815 125.017 -3.949
202209 1.755 125.227 1.814
202212 -0.165 125.222 -0.171
202303 0.331 127.348 0.336
202306 1.647 128.729 1.656
202309 2.986 129.860 2.976
202312 1.654 129.419 1.654

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.


Hyster-Yale Materials Handling  (NYSE:HY) 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.


Hyster-Yale Materials Handling Cyclically Adjusted Price-to-FCF Related Terms

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


Hyster-Yale Materials Handling (Hyster-Yale Materials Handling) Business Description

Traded in Other Exchanges
Address
5875 Landerbrook Drive, Suite 300, Cleveland, OH, USA, 44124-4069
Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks and the products are market under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company operates through three geographical regions namely: the Americas, EMEA, JAPIC, of which Americas region accounts for the larger share of the revenue.
Executives
Susan Sichel other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Batcheler Colleen director ONE CONAGRA DRIVE, OMAHA NE 68102
Martha S Kelly other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Scott Minder officer: SVP & Chief Financial Officer 5875 LANDERBROOK, SUITE 300, CLEVELAND OH 44124
Jon C Taylor officer: Officer of a Subsidiary 5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Gregory Breier officer: Vice President-Tax 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD OH 44124
Patric Schroeter officer: Officer of a Subsidiary 5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND OH 44124
Butler John C Jr other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Helen Rankin Butler other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
David B Williams other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Clara R Williams other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Rankin Alfred M Et Al director, officer: Chairman 5875 LANDERBROOK DR, MAYFIELD HEIGHTS OH 44124
Victoire G Rankin other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Chloe O Rankin other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124
Claiborne R Rankin director, other: Member of a Group 5875 LANDERBROOK DRIVE, SUITE 300, MAYFIELD HEIGHTS OH 44124