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Algonquin Power & Utilities (TSX:AQN) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Algonquin Power & Utilities Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Algonquin Power & Utilities Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Algonquin Power & Utilities'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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Algonquin Power & Utilities Cyclically Adjusted Price-to-FCF Chart

Algonquin Power & Utilities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Algonquin Power & Utilities Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Algonquin Power & Utilities's Cyclically Adjusted Price-to-FCF

For the Utilities - Renewable subindustry, Algonquin Power & Utilities'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.


Algonquin Power & Utilities's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's Cyclically Adjusted Price-to-FCF falls into.



Algonquin Power & Utilities 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.

Algonquin Power & Utilities's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Algonquin Power & Utilities'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)
=-0.253/125.4675*125.4675
=-0.253

Current CPI (Dec. 2023) = 125.4675.

Algonquin Power & Utilities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.299 98.604 -0.380
201406 -0.087 99.473 -0.110
201409 -0.535 99.394 -0.675
201412 -0.159 98.367 -0.203
201503 -0.207 99.789 -0.260
201506 0.243 100.500 0.303
201509 -0.015 100.421 -0.019
201512 0.196 99.947 0.246
201603 -0.103 101.054 -0.128
201606 0.106 102.002 0.130
201609 -0.252 101.765 -0.311
201612 -0.174 101.449 -0.215
201703 -0.388 102.634 -0.474
201706 -0.300 103.029 -0.365
201709 -0.111 103.345 -0.135
201712 -0.052 103.345 -0.063
201803 -0.181 105.004 -0.216
201806 0.141 105.557 0.168
201809 0.082 105.636 0.097
201812 0.125 105.399 0.149
201903 0.040 106.979 0.047
201906 0.075 107.690 0.087
201909 -0.006 107.611 -0.007
201912 -0.027 107.769 -0.031
202003 -0.236 107.927 -0.274
202006 -0.110 108.401 -0.127
202009 -0.137 108.164 -0.159
202012 -0.186 108.559 -0.215
202103 -1.119 110.298 -1.273
202106 -0.600 111.720 -0.674
202109 -0.353 112.905 -0.392
202112 -0.324 113.774 -0.357
202203 -0.302 117.646 -0.322
202206 -0.213 120.806 -0.221
202209 -0.431 120.648 -0.448
202212 0.045 120.964 0.047
202303 -0.269 122.702 -0.275
202306 0.031 124.203 0.031
202309 -0.288 125.230 -0.289
202312 -0.253 125.468 -0.253

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.


Algonquin Power & Utilities  (TSX:AQN) 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.


Algonquin Power & Utilities Cyclically Adjusted Price-to-FCF Related Terms

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


Algonquin Power & Utilities (TSX:AQN) Business Description

Address
354 Davis Road, Oakville, ON, CAN, L6J 2X1
Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.

Algonquin Power & Utilities (TSX:AQN) Headlines

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