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NFI Group (TSX:NFI) Cyclically Adjusted Price-to-FCF : 14.21 (As of Apr. 27, 2024)


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

As of today (2024-04-27), NFI Group's current share price is C$11.08. NFI Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$0.78. NFI Group's Cyclically Adjusted Price-to-FCF for today is 14.21.

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

TSX:NFI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.22   Med: 15.75   Max: 65.38
Current: 14.14

During the past years, NFI Group's highest Cyclically Adjusted Price-to-FCF was 65.38. The lowest was 5.22. And the median was 15.75.

TSX:NFI's Cyclically Adjusted Price-to-FCF is ranked better than
66.32% of 481 companies
in the Vehicles & Parts industry
Industry Median: 21.61 vs TSX:NFI: 14.14

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.

NFI Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$0.476. 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 C$0.78 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


NFI Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NFI 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.

* Premium members only.

NFI Group Cyclically Adjusted Price-to-FCF Chart

NFI Group 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 13.97 49.68 15.19 9.94 17.47

NFI Group 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 9.94 8.86 14.38 18.52 17.47

Competitive Comparison of NFI Group's Cyclically Adjusted Price-to-FCF

For the Auto Manufacturers subindustry, NFI 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.


NFI Group's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NFI Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



NFI 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.

NFI Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.08/0.78
=14.21

* 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.

NFI Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, NFI Group'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)
=0.476/125.4675*125.4675
=0.476

Current CPI (Dec. 2023) = 125.4675.

NFI Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.277 98.604 0.352
201406 -0.015 99.473 -0.019
201409 -0.042 99.394 -0.053
201412 0.496 98.367 0.633
201503 0.551 99.789 0.693
201506 -0.547 100.500 -0.683
201509 0.231 100.421 0.289
201512 0.591 99.947 0.742
201603 0.560 101.054 0.695
201606 1.121 102.002 1.379
201609 0.507 101.765 0.625
201612 0.523 101.449 0.647
201703 1.780 102.634 2.176
201706 1.032 103.029 1.257
201709 0.015 103.345 0.018
201712 -0.278 103.345 -0.338
201803 0.102 105.004 0.122
201806 0.632 105.557 0.751
201809 0.453 105.636 0.538
201812 1.015 105.399 1.208
201903 -0.309 106.979 -0.362
201906 -0.877 107.690 -1.022
201909 -0.865 107.611 -1.009
201912 3.306 107.769 3.849
202003 -0.535 107.927 -0.622
202006 -0.163 108.401 -0.189
202009 -0.181 108.164 -0.210
202012 1.646 108.559 1.902
202103 -1.797 110.298 -2.044
202106 1.391 111.720 1.562
202109 -0.786 112.905 -0.873
202112 2.369 113.774 2.612
202203 -2.304 117.646 -2.457
202206 0.033 120.806 0.034
202209 -2.240 120.648 -2.329
202212 -0.123 120.964 -0.128
202303 -1.256 122.702 -1.284
202306 -0.369 124.203 -0.373
202309 -0.729 125.230 -0.730
202312 0.476 125.468 0.476

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.


NFI Group  (TSX:NFI) 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.


NFI Group Cyclically Adjusted Price-to-FCF Related Terms

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


NFI Group (TSX:NFI) Business Description

Industry
Traded in Other Exchanges
Address
711 Kernaghan Avenue, Winnipeg, MB, CAN, R2C 3T4
NFI Group Inc is a global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer(heavy-duty transit buses), Alexander Dennis Limited ("ADL") (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC Specialty Vehicles, LLC ("ARBOC") (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). The Company has two reportable segments which are the Company's strategic business units: Manufacturing Operations and Aftermarket Operations. It generates majority revenue from Manufacturing Operations.

NFI Group (TSX:NFI) Headlines

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