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A2A SpA (WBO:A2A) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is A2A SpA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


A2A SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for A2A SpA'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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A2A SpA Cyclically Adjusted Price-to-FCF Chart

A2A SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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A2A SpA Quarterly Data
Mar16 Jun16 Sep16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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Competitive Comparison of A2A SpA's Cyclically Adjusted Price-to-FCF

For the Utilities - Diversified subindustry, A2A SpA'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.


A2A SpA's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, A2A SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where A2A SpA's Cyclically Adjusted Price-to-FCF falls into.



A2A SpA 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.

A2A SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, A2A SpA'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)
=0/119.5000*119.5000
=0.000

Current CPI (Dec. 2023) = 119.5000.

A2A SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201103 0.051 94.791 0.064
201106 0.039 95.442 0.049
201109 -0.057 96.000 -0.071
201112 -0.001 96.837 -0.001
201203 0.026 97.954 0.032
201206 0.067 98.605 0.081
201209 0.043 99.070 0.052
201212 0.057 99.070 0.069
201303 0.041 99.535 0.049
201306 0.081 99.814 0.097
201309 -0.005 100.000 -0.006
201312 0.042 99.721 0.050
201403 0.050 99.907 0.060
201406 0.080 100.093 0.096
201409 0.036 99.814 0.043
201412 0.037 99.721 0.044
201503 0.019 99.814 0.023
201506 0.054 100.279 0.064
201509 0.033 100.000 0.039
201512 0.072 99.814 0.086
201603 0.030 99.600 0.036
201606 0.048 99.900 0.057
201609 0.017 100.100 0.020
201612 0.046 100.300 0.055
201706 0.000 101.100 0.000
201712 0.000 101.200 0.000
201806 0.000 102.400 0.000
201812 0.000 102.300 0.000
201906 0.000 103.100 0.000
201912 0.000 102.800 0.000
202006 0.000 102.900 0.000
202012 0.000 102.600 0.000
202106 0.000 104.200 0.000
202112 0.000 106.600 0.000
202206 0.000 112.500 0.000
202209 0.000 114.200 0.000
202212 0.000 119.000 0.000
202306 0.000 119.700 0.000
202309 0.000 120.300 0.000
202312 0.000 119.500 0.000

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.


A2A SpA  (WBO:A2A) 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.


A2A SpA Cyclically Adjusted Price-to-FCF Related Terms

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A2A SpA (WBO:A2A) Business Description

Industry
Traded in Other Exchanges
Address
Via Lamarmora 230, Brescia, ITA, 25124
A2A SpA together with its subsidiaries is engaged in the production, sale, and distribution of electricity; sale and distribution of gas; production, distribution, and sale of heat through district heating networks and integrated water cycle management.

A2A SpA (WBO:A2A) Headlines

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