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HNZ Group (TSX:HNZ) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is HNZ Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


HNZ Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for HNZ Group'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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HNZ Group Cyclically Adjusted Price-to-FCF Chart

HNZ Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted Price-to-FCF
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HNZ Group Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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Competitive Comparison of HNZ Group's Cyclically Adjusted Price-to-FCF

For the Airports & Air Services subindustry, HNZ Group'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.


HNZ Group's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, HNZ Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



HNZ Group 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.

HNZ Group's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2017 is calculated as:

For example, HNZ Group's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2017 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=0.144/103.3447*103.3447
=0.144

Current CPI (Sep. 2017) = 103.3447.

HNZ Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200712 1.588 88.491 1.855
200803 -0.639 88.965 -0.742
200806 -0.722 91.177 -0.818
200809 1.188 91.414 1.343
200812 0.759 89.518 0.876
200903 -0.904 90.071 -1.037
200906 -0.142 90.940 -0.161
200909 1.874 90.624 2.137
200912 1.939 90.703 2.209
201003 -0.903 91.335 -1.022
201006 -0.323 91.809 -0.364
201009 0.803 92.362 0.898
201012 0.917 92.836 1.021
201103 -0.371 94.338 -0.406
201106 0.437 94.654 0.477
201109 1.405 95.286 1.524
201112 3.229 94.970 3.514
201203 -0.747 96.155 -0.803
201206 0.108 96.076 0.116
201209 0.381 96.392 0.408
201212 1.195 95.760 1.290
201303 -0.555 97.103 -0.591
201306 -0.412 97.182 -0.438
201309 0.502 97.419 0.533
201312 1.400 96.945 1.492
201403 0.693 98.604 0.726
201406 0.574 99.473 0.596
201409 0.432 99.394 0.449
201412 0.613 98.367 0.644
201503 -0.567 99.789 -0.587
201506 0.085 100.500 0.087
201509 0.252 100.421 0.259
201512 0.570 99.947 0.589
201603 -0.243 101.054 -0.249
201606 0.159 102.002 0.161
201609 0.688 101.765 0.699
201612 -0.561 101.449 -0.571
201703 -0.590 102.634 -0.594
201706 -0.724 103.029 -0.726
201709 0.144 103.345 0.144

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.


HNZ Group  (TSX:HNZ) 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.


HNZ Group Cyclically Adjusted Price-to-FCF Related Terms

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HNZ Group (TSX:HNZ) Business Description

Industry
Traded in Other Exchanges
N/A
Address
HNZ Group Inc provides helicopter transportation and related support services with operations in Canada, Australia, New Zealand, Antarctica, Norway and Southeast Asia. It also provides helicopter repair and maintenance services and ground handling.

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