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CEZ a.s (XPRA:CEZ) Cyclically Adjusted Price-to-FCF : 6.53 (As of Apr. 27, 2024)


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What is CEZ a.s Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), CEZ a.s's current share price is Kč854.50. CEZ a.s's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was Kč130.94. CEZ a.s's Cyclically Adjusted Price-to-FCF for today is 6.53.

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

XPRA:CEZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.65   Med: 5.8   Max: 9.18
Current: 6.48

During the past years, CEZ a.s's highest Cyclically Adjusted Price-to-FCF was 9.18. The lowest was 3.65. And the median was 5.80.

XPRA:CEZ's Cyclically Adjusted Price-to-FCF is ranked better than
69.75% of 119 companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.3 vs XPRA:CEZ: 6.48

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.

CEZ a.s's adjusted free cash flow per share data for the three months ended in Dec. 2023 was Kč7.132. 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 Kč130.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CEZ a.s Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CEZ a.s'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.

CEZ a.s Cyclically Adjusted Price-to-FCF Chart

CEZ a.s 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 4.96 4.76 6.61 6.48 7.32

CEZ a.s 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 6.48 7.99 6.42 7.24 7.32

Competitive Comparison of CEZ a.s's Cyclically Adjusted Price-to-FCF

For the Utilities - Renewable subindustry, CEZ a.s'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.


CEZ a.s's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

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

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



CEZ a.s 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.

CEZ a.s's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=854.50/130.94
=6.53

* 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.

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

For example, CEZ a.s'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)
=7.132/129.4194*129.4194
=7.132

Current CPI (Dec. 2023) = 129.4194.

CEZ a.s Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 29.192 99.695 37.896
201406 39.046 100.560 50.252
201409 42.338 100.428 54.560
201412 21.730 99.070 28.387
201503 28.303 99.621 36.769
201506 25.418 100.684 32.672
201509 39.331 100.392 50.703
201512 42.640 99.792 55.299
201603 28.404 100.470 36.588
201606 20.013 101.688 25.471
201609 26.895 101.861 34.171
201612 15.936 101.863 20.247
201703 23.674 102.862 29.786
201706 20.440 103.349 25.596
201709 23.477 104.136 29.177
201712 18.117 104.011 22.543
201803 32.057 105.290 39.404
201806 7.119 106.317 8.666
201809 29.130 106.507 35.397
201812 -2.203 105.998 -2.690
201903 36.946 107.251 44.583
201906 15.368 108.070 18.404
201909 29.614 108.329 35.379
201912 4.487 108.420 5.356
202003 24.654 108.902 29.299
202006 34.086 108.767 40.558
202009 39.099 109.815 46.079
202012 37.401 109.897 44.045
202103 10.376 111.754 12.016
202106 33.620 114.631 37.957
202109 4.653 115.734 5.203
202112 62.122 117.630 68.348
202203 62.382 121.301 66.557
202206 15.359 125.017 15.900
202209 -53.306 125.227 -55.091
202212 -14.825 125.222 -15.322
202303 147.591 127.348 149.992
202306 103.234 128.729 103.788
202309 -1.641 129.860 -1.635
202312 7.132 129.419 7.132

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.


CEZ a.s  (XPRA:CEZ) 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.


CEZ a.s Cyclically Adjusted Price-to-FCF Related Terms

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


CEZ a.s (XPRA:CEZ) Business Description

Traded in Other Exchanges
Address
Duhova 2/1444, Prague 4, CZE, 140 53
CEZ a.s is a Czech energy company of which the government of the Czech Republic is the majority shareholder. Its core business is the generation, distribution, trade, and sale of electricity and heat. With its subsidiaries, the company operates a portfolio of both conventional and renewable energy power plants. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. Most of its revenue gets derived from the Generation segment.

CEZ a.s (XPRA:CEZ) Headlines

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