GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Steel Partners Holdings LP (NYSE:SPLP) » Definitions » Cyclically Adjusted Price-to-FCF

Steel Partners Holdings LP (Steel Partners Holdings LP) Cyclically Adjusted Price-to-FCF : 32.52 (As of Apr. 27, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Steel Partners Holdings LP Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Steel Partners Holdings LP's current share price is $36.75. Steel Partners Holdings LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.13. Steel Partners Holdings LP's Cyclically Adjusted Price-to-FCF for today is 32.52.

The historical rank and industry rank for Steel Partners Holdings LP's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SPLP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.48   Med: 17.9   Max: 39.31
Current: 32.74

During the past years, Steel Partners Holdings LP's highest Cyclically Adjusted Price-to-FCF was 39.31. The lowest was 2.48. And the median was 17.90.

SPLP's Cyclically Adjusted Price-to-FCF is ranked worse than
66.83% of 205 companies
in the Conglomerates industry
Industry Median: 18.61 vs SPLP: 32.74

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.

Steel Partners Holdings LP's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.207. 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 $1.13 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Steel Partners Holdings LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Steel Partners Holdings LP'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.

Steel Partners Holdings LP Cyclically Adjusted Price-to-FCF Chart

Steel Partners Holdings LP 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 - 4.91 16.89 28.29 35.45

Steel Partners Holdings LP 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 28.29 32.30 38.96 33.97 35.45

Competitive Comparison of Steel Partners Holdings LP's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, Steel Partners Holdings LP'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.


Steel Partners Holdings LP's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Steel Partners Holdings LP's Cyclically Adjusted Price-to-FCF falls into.



Steel Partners Holdings LP 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.

Steel Partners Holdings LP's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=36.75/1.13
=32.52

* 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.

Steel Partners Holdings LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Steel Partners Holdings LP'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)
=-0.207/129.4194*129.4194
=-0.207

Current CPI (Dec. 2023) = 129.4194.

Steel Partners Holdings LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.795 99.695 -1.032
201406 0.314 100.560 0.404
201409 0.813 100.428 1.048
201412 1.528 99.070 1.996
201503 -1.183 99.621 -1.537
201506 -0.364 100.684 -0.468
201509 0.968 100.392 1.248
201512 -0.754 99.792 -0.978
201603 -3.196 100.470 -4.117
201606 6.692 101.688 8.517
201609 0.414 101.861 0.526
201612 2.192 101.863 2.785
201703 -2.304 102.862 -2.899
201706 -1.035 103.349 -1.296
201709 -1.662 104.136 -2.066
201712 2.469 104.011 3.072
201803 -1.244 105.290 -1.529
201806 0.148 106.317 0.180
201809 1.198 106.507 1.456
201812 0.063 105.998 0.077
201903 0.766 107.251 0.924
201906 -0.021 108.070 -0.025
201909 -0.048 108.329 -0.057
201912 1.696 108.420 2.024
202003 6.301 108.902 7.488
202006 3.587 108.767 4.268
202009 0.611 109.815 0.720
202012 0.885 109.897 1.042
202103 0.067 111.754 0.078
202106 -0.038 114.631 -0.043
202109 1.383 115.734 1.547
202112 -0.596 117.630 -0.656
202203 -0.930 121.301 -0.992
202206 -3.631 125.017 -3.759
202209 1.124 125.227 1.162
202212 -6.413 125.222 -6.628
202303 -2.308 127.348 -2.346
202306 -0.750 128.729 -0.754
202309 2.116 129.860 2.109
202312 -0.207 129.419 -0.207

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.


Steel Partners Holdings LP  (NYSE:SPLP) 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.


Steel Partners Holdings LP Cyclically Adjusted Price-to-FCF Related Terms

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


Steel Partners Holdings LP (Steel Partners Holdings LP) Business Description

Traded in Other Exchanges
Address
590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. It operates in various segments including the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities.
Executives
Jack L Howard director, 10 percent owner, officer: President 182 FARMERS LANE, STE 101, SANTA ROSA CA 95405
Gordon A. Walker officer: Senior Vice President KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Warren G Lichtenstein director, 10 percent owner, officer: Executive Chairman C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Eric P. Karros director C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Rory H. Tahari director 510 FIFTH AVENUE, NEW YORK NY 10036
Richard I Neal director C/O UNITED INDUSTRIAL CORPORATION, 124 INDUSTRY LANE, HUNT VALLEY MD 21030
John P Mcniff director 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Lon Rosen director 120 S. CARMELINA AVE., LOS ANGELES CA 90049
James Iii Benenson director C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Douglas Woodworth officer: Chief Financial Officer STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Spv-i Llc other: See Footnote 1 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Wgl Capital Corp. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Emh Howard Llc other: See Footnote 1 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners, Ltd. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Fejes William Theodore Jr officer: Chief Operating Officer 440 NORTH FIFTH AVENUE, CHAMBERSBURG PA 17201