GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Titan Machinery Inc (NAS:TITN) » Definitions » Cyclically Adjusted Price-to-FCF

Titan Machinery (Titan Machinery) Cyclically Adjusted Price-to-FCF : 6.31 (As of Apr. 28, 2024)


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

What is Titan Machinery Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Titan Machinery's current share price is $22.70. Titan Machinery's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $3.60. Titan Machinery's Cyclically Adjusted Price-to-FCF for today is 6.31.

The historical rank and industry rank for Titan Machinery's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TITN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.31   Med: 11.11   Max: 941.67
Current: 6.31

During the past years, Titan Machinery's highest Cyclically Adjusted Price-to-FCF was 941.67. The lowest was 6.31. And the median was 11.11.

TITN's Cyclically Adjusted Price-to-FCF is ranked better than
93.75% of 80 companies
in the Industrial Distribution industry
Industry Median: 25.23 vs TITN: 6.31

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.

Titan Machinery's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $1.303. 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 $3.60 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Titan Machinery Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Titan Machinery'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.

Titan Machinery Cyclically Adjusted Price-to-FCF Chart

Titan Machinery Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 708.94 14.63 13.40 7.43

Titan Machinery Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 13.40 10.33 10.33 6.86 7.43

Competitive Comparison of Titan Machinery's Cyclically Adjusted Price-to-FCF

For the Industrial Distribution subindustry, Titan Machinery'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.


Titan Machinery's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Titan Machinery's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Titan Machinery 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.

Titan Machinery's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.70/3.6
=6.31

* 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.

Titan Machinery's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Titan Machinery's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=1.303/129.4194*129.4194
=1.303

Current CPI (Jan. 2024) = 129.4194.

Titan Machinery Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -2.879 100.023 -3.725
201407 -1.327 100.520 -1.709
201410 -0.361 100.176 -0.466
201501 5.671 98.604 7.443
201504 0.571 99.824 0.740
201507 7.983 100.691 10.261
201510 0.535 100.346 0.690
201601 1.451 99.957 1.879
201604 -1.249 100.947 -1.601
201607 3.868 101.524 4.931
201610 0.407 101.988 0.516
201701 2.988 102.456 3.774
201704 1.438 103.167 1.804
201707 0.856 103.278 1.073
201710 -0.788 104.070 -0.980
201801 1.735 104.578 2.147
201804 -1.373 105.708 -1.681
201807 0.458 106.324 0.557
201810 1.028 106.695 1.247
201901 1.467 106.200 1.788
201904 -0.121 107.818 -0.145
201907 -0.729 108.250 -0.872
201910 -0.457 108.577 -0.545
202001 0.211 108.841 0.251
202004 -0.493 108.173 -0.590
202007 0.607 109.318 0.719
202010 1.899 109.861 2.237
202101 4.891 110.364 5.735
202104 0.804 112.673 0.923
202107 -0.409 115.183 -0.460
202110 1.523 116.696 1.689
202201 3.533 118.619 3.855
202204 0.009 121.978 0.010
202207 -1.593 125.002 -1.649
202210 0.129 125.734 0.133
202301 0.275 126.223 0.282
202304 -3.948 127.992 -3.992
202307 -2.762 128.974 -2.772
202310 1.188 129.810 1.184
202401 1.303 129.419 1.303

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.


Titan Machinery  (NAS:TITN) 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.


Titan Machinery Cyclically Adjusted Price-to-FCF Related Terms

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


Titan Machinery (Titan Machinery) Business Description

Traded in Other Exchanges
Address
644 East Beaton Drive, West Fargo, ND, USA, 58078-2648
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.
Executives
Stan K. Erickson director 10380 28TH AVENUE NORTH, MINNEAPOLIS MN 55441
Robert Larsen officer: Chief Financial Officer 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Frank Anglin director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Tony Christianson director
David Joseph Meyer director, officer: Chairman and CEO 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bryan J Knutson officer: Chief Operating Officer C/O TITAN MACHINERY INC., 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Mark P. Kalvoda officer: Chief Financial Officer 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bradley Crews director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Christine E Hamilton director 225 S MAIN AVE, P O BOX 5000, SIOUX FALLS SD 57117
John W Henderson director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Jody L Horner director C/O TITAN MACHINERY, 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Richard L Mack director 9590 SKY LANE, EDEN PRAIRIE MN 55347
Theodore M Crosbie director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Peter J. Christianson director, officer: President and CFO 644 EAST BEATON DRIVE, WEST FARGO ND 58078
James Irwin director 10543 EAST MARK LANE, SCOTTSDALE AZ 85262