GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Directa Plus PLC (LSE:DCTA) » Definitions » Cyclically Adjusted Price-to-FCF

Directa Plus (LSE:DCTA) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Directa Plus Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Directa Plus Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Directa Plus'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.

Directa Plus Cyclically Adjusted Price-to-FCF Chart

Directa Plus Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Directa Plus Semi-Annual Data
Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - - - - -

Competitive Comparison of Directa Plus's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Directa Plus'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.


Directa Plus's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Directa Plus's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Directa Plus 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.

Directa Plus's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Directa Plus's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec22 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=-0.062/119.0000*119.0000
=-0.062

Current CPI (Dec22) = 119.0000.

Directa Plus Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.018 99.721 -0.021
201412 -0.039 99.721 -0.047
201512 -0.035 99.814 -0.042
201612 -0.092 100.300 -0.109
201712 -0.065 101.200 -0.076
201812 -0.068 102.300 -0.079
201912 -0.058 102.800 -0.067
202012 -0.069 102.600 -0.080
202112 -0.063 106.600 -0.070
202212 -0.062 119.000 -0.062

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.


Directa Plus  (LSE:DCTA) 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.


Directa Plus Cyclically Adjusted Price-to-FCF Related Terms

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


Directa Plus (LSE:DCTA) Business Description

Industry
Traded in Other Exchanges
Address
ComoNExT Science Park, Via Cavour 2, Lomazzo, ITA, 22074
Directa Plus PLC is a technology company engaged in the development of manufacturing processes to produce and supply high-quality engineered graphene-based products that can be used for industrial and commercial markets. The product range of the company includes G+ products and operates through the Textile; Environmental; and Others segments.

Directa Plus (LSE:DCTA) Headlines

No Headlines