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Titan International (Titan International) Cyclically Adjusted Price-to-FCF : 32.08 (As of Apr. 28, 2024)


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

As of today (2024-04-28), Titan International's current share price is $11.55. Titan International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.36. Titan International's Cyclically Adjusted Price-to-FCF for today is 32.08.

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

TWI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.05   Med: 35.97   Max: 124.07
Current: 31.66

During the past years, Titan International's highest Cyclically Adjusted Price-to-FCF was 124.07. The lowest was 5.05. And the median was 35.97.

TWI's Cyclically Adjusted Price-to-FCF is ranked worse than
56.57% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 26.88 vs TWI: 31.66

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 International's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.321. 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 $0.36 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Titan International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Titan International'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 International Cyclically Adjusted Price-to-FCF Chart

Titan International 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 20.51 29.36 52.40 61.51 40.79

Titan International 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 61.51 38.45 47.42 54.97 40.79

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

For the Farm & Heavy Construction Machinery subindustry, Titan International'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 International's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.55/0.36
=32.08

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

For example, Titan International'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)
=0.321/129.4194*129.4194
=0.321

Current CPI (Dec. 2023) = 129.4194.

Titan International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.023 99.695 0.030
201406 0.204 100.560 0.263
201409 0.352 100.428 0.454
201412 0.530 99.070 0.692
201503 -0.343 99.621 -0.446
201506 0.063 100.684 0.081
201509 0.186 100.392 0.240
201512 0.376 99.792 0.488
201603 -0.089 100.470 -0.115
201606 0.305 101.688 0.388
201609 0.213 101.861 0.271
201612 -0.400 101.863 -0.508
201703 -0.391 102.862 -0.492
201706 -0.382 103.349 -0.478
201709 0.116 104.136 0.144
201712 0.082 104.011 0.102
201803 -0.726 105.290 -0.892
201806 -0.081 106.317 -0.099
201809 -0.181 106.507 -0.220
201812 -0.266 105.998 -0.325
201903 -0.418 107.251 -0.504
201906 -0.028 108.070 -0.034
201909 0.527 108.329 0.630
201912 0.068 108.420 0.081
202003 -0.041 108.902 -0.049
202006 -0.007 108.767 -0.008
202009 0.598 109.815 0.705
202012 0.033 109.897 0.039
202103 -0.398 111.754 -0.461
202106 -0.118 114.631 -0.133
202109 0.089 115.734 0.100
202112 -0.024 117.630 -0.026
202203 -0.406 121.301 -0.433
202206 0.880 125.017 0.911
202209 0.633 125.227 0.654
202212 0.691 125.222 0.714
202303 0.195 127.348 0.198
202306 0.774 128.729 0.778
202309 0.591 129.860 0.589
202312 0.321 129.419 0.321

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 International  (NYSE:TWI) 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 International Cyclically Adjusted Price-to-FCF Related Terms

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


Titan International (Titan International) Business Description

Traded in Other Exchanges
Address
1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.
Executives
Max A Guinn director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Michael G Troyanovich officer: Secretary&Asst General Counsel 2701 SPRUCE STREET, QUINCY IL 62301
Anthony Eheli officer: VP, Chief Accounting Officer 2701 SPRUCE STREET, QUINCY IL 62301
Taylor Maurice M Jr director, officer: President & CEO 2701 SPRUCE STREET, QUINCY IL 62301
Paul G Reitz officer: Chief Financial Officer 1301 FIRST AVENUE, COLUMBUS GA 31901
Laura K Thompson director 200 INNOVATION WAY, AKRON OH 44316
Gary L Cowger director 5725 DELPHI DRIVE, TROY MI 48098
Mhr Institutional Advisors Iii Llc 10 percent owner 40 WEST 57 STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Institutional Partners Iii Lp 10 percent owner 40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Holdings Llc 10 percent owner 40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Fund Management Llc 10 percent owner 1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105
David A Martin officer: Chief Financial Officer C/O TITAN INTERNATIONAL, INC., 2701 SPRUCE STREET, QUINCY IL 62301
Amy S Evans officer: Interim CFO 2701 SPRUCE STREET, QUINCY IL 62301
James M Froisland officer: Interim CFO 385 PERSIMMON DRIVE, ST. CHARLES IL 60174
Anthony L Soave director C/O TITAN INTERNATIONAL CORP, 2701 SPRUCE STREET, QUINCY IL 62301