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Encavis AG (WBO:CAP) Cyclically Adjusted Price-to-FCF : 10.99 (As of Apr. 28, 2024)


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What is Encavis AG Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Encavis AG's current share price is €16.92. Encavis AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €1.54. Encavis AG's Cyclically Adjusted Price-to-FCF for today is 10.99.

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

WBO:CAP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.13   Med: 12.28   Max: 22.91
Current: 10.9

During the past years, Encavis AG's highest Cyclically Adjusted Price-to-FCF was 22.91. The lowest was 7.13. And the median was 12.28.

WBO:CAP's Cyclically Adjusted Price-to-FCF is ranked better than
53.78% of 119 companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.3 vs WBO:CAP: 10.90

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.

Encavis AG's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.318. 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 €1.54 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Encavis AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Encavis AG'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.

Encavis AG Cyclically Adjusted Price-to-FCF Chart

Encavis AG 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 8.99 19.47 12.88 12.89 10.05

Encavis AG 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 12.89 10.49 9.78 8.59 10.05

Competitive Comparison of Encavis AG's Cyclically Adjusted Price-to-FCF

For the Utilities - Renewable subindustry, Encavis AG'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.


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

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

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



Encavis AG 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.

Encavis AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.92/1.54
=10.99

* 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.

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

For example, Encavis AG'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)
=0.318/123.6675*123.6675
=0.318

Current CPI (Dec. 2023) = 123.6675.

Encavis AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.097 99.543 0.121
201406 0.189 99.543 0.235
201409 0.308 99.823 0.382
201412 0.182 99.543 0.226
201503 0.078 99.717 0.097
201506 0.232 100.417 0.286
201509 0.416 100.417 0.512
201512 0.274 99.717 0.340
201603 0.259 100.017 0.320
201606 0.378 100.717 0.464
201609 0.238 101.017 0.291
201612 0.214 101.217 0.261
201703 0.168 101.417 0.205
201706 0.382 102.117 0.463
201709 0.381 102.717 0.459
201712 0.267 102.617 0.322
201803 0.213 102.917 0.256
201806 0.395 104.017 0.470
201809 0.390 104.718 0.461
201812 0.352 104.217 0.418
201903 0.123 104.217 0.146
201906 0.465 105.718 0.544
201909 0.429 106.018 0.500
201912 0.426 105.818 0.498
202003 0.371 105.718 0.434
202006 0.469 106.618 0.544
202009 0.371 105.818 0.434
202012 0.335 105.518 0.393
202103 0.288 107.518 0.331
202106 0.502 108.486 0.572
202109 0.553 109.435 0.625
202112 0.393 110.384 0.440
202203 0.403 113.968 0.437
202206 0.556 115.760 0.594
202209 0.646 118.818 0.672
202212 0.323 119.345 0.335
202303 0.322 122.402 0.325
202306 0.383 123.140 0.385
202309 0.407 124.195 0.405
202312 0.318 123.668 0.318

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.


Encavis AG  (WBO:CAP) 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.


Encavis AG Cyclically Adjusted Price-to-FCF Related Terms

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


Encavis AG (WBO:CAP) Business Description

Traded in Other Exchanges
Address
Grosse Elbstrasse 59, Hamburg, DEU, 22767
Encavis AG is an independent solar park operator. Principally, it is engaged in the business of acquisition and operation of solar parks and onshore wind parks. Its operating segments are Photovoltaic Parks, Photovoltaic Service, Wind Parks, Asset Management, and Administration, of which the majority of its revenue comes from the Photovoltaic Parks segment. The Photovoltaic Parks segment comprised more than 169 solar parks with a total generation capacity of more than 1.3 GW, with parks located in different countries. Its geographical segments are Denmark, Germany, France, United Kingdom, Ireland, Finland, Italy, Netherlands, Austria, France, Sweden, and Spain.

Encavis AG (WBO:CAP) Headlines

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