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Smart Metering Systems (LSE:SMS) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Smart Metering Systems Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Smart Metering Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Smart Metering Systems'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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Smart Metering Systems Cyclically Adjusted Price-to-FCF Chart

Smart Metering Systems Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Smart Metering Systems Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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Competitive Comparison of Smart Metering Systems's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Smart Metering Systems'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.


Smart Metering Systems's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

* The bar in red indicates where Smart Metering Systems's Cyclically Adjusted Price-to-FCF falls into.



Smart Metering Systems 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.

Smart Metering Systems's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Smart Metering Systems'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)
=-0.703/125.3000*125.3000
=-0.703

Current CPI (Dec22) = 125.3000.

Smart Metering Systems Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.199 99.200 -0.251
201412 -0.127 99.900 -0.159
201512 -0.197 100.400 -0.246
201612 -0.141 102.200 -0.173
201712 -0.923 105.000 -1.101
201812 -0.868 107.100 -1.016
201912 -0.585 108.500 -0.676
202012 -0.017 109.400 -0.019
202112 -0.414 114.700 -0.452
202212 -0.703 125.300 -0.703

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.


Smart Metering Systems  (LSE:SMS) 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.


Smart Metering Systems Cyclically Adjusted Price-to-FCF Related Terms

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Smart Metering Systems (LSE:SMS) Business Description

Traded in Other Exchanges
Address
48 St. Vincent Street, 2nd Floor, Glasgow, GBR, G2 5TS
Smart Metering Systems PLC is a UK-based company which connects, owns, and maintains metering systems and database of energy companies. Its services include Smart Metering & Data; Smart Energy Services; Smart Utility Services; and ADM, which is an intelligent Automated Meter Reading (AMR) solution. The company operates in three segments: Asset Management, which comprises regulated management of gas meters, electric meters, and ADM units; Asset installation, which comprises installation of domestic and I&C gas meters and electricity meters; and Energy Management, which comprises the provision of energy consultancy services and the management of Distributed Energy Resources (DER) assets.

Smart Metering Systems (LSE:SMS) Headlines

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