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PVA TePla AG (XTER:TPE) Cyclically Adjusted FCF per Share : €0.59 (As of Mar. 2024)


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What is PVA TePla AG Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

PVA TePla AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.369. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €0.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PVA TePla AG's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 35.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of PVA TePla AG was 35.30% per year. The lowest was -14.80% per year. And the median was 24.00% per year.

As of today (2024-06-07), PVA TePla AG's current stock price is €18.72. PVA TePla AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.59. PVA TePla AG's Cyclically Adjusted Price-to-FCF of today is 31.73.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PVA TePla AG was 166.55. The lowest was 26.05. And the median was 44.52.


PVA TePla AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PVA TePla AG's Cyclically Adjusted FCF per Share 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.

PVA TePla AG Cyclically Adjusted FCF per Share Chart

PVA TePla AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.21 0.54 0.50 0.52

PVA TePla AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 0.57 0.52 0.53 0.52 0.59

Competitive Comparison of PVA TePla AG's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, PVA TePla 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.


PVA TePla AG's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PVA TePla AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PVA TePla AG Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, PVA TePla AG's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.369/125.0381*125.0381
=0.369

Current CPI (Mar. 2024) = 125.0381.

PVA TePla AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.279 99.543 -0.350
201409 0.094 99.823 0.118
201412 0.165 99.543 0.207
201503 0.030 99.717 0.038
201506 -0.068 100.417 -0.085
201509 0.046 100.417 0.057
201512 0.242 99.717 0.303
201603 -0.185 100.017 -0.231
201606 -0.135 100.717 -0.168
201609 -0.011 101.017 -0.014
201612 0.094 101.217 0.116
201703 0.274 101.417 0.338
201706 0.181 102.117 0.222
201709 -0.006 102.717 -0.007
201712 1.301 102.617 1.585
201803 -0.612 102.917 -0.744
201806 0.040 104.017 0.048
201809 -0.167 104.718 -0.199
201812 1.277 104.217 1.532
201903 0.572 104.217 0.686
201906 -0.427 105.718 -0.505
201909 -0.266 106.018 -0.314
201912 0.024 105.818 0.028
202003 -0.062 105.718 -0.073
202006 0.019 106.618 0.022
202009 0.110 105.818 0.130
202012 0.318 105.518 0.377
202103 0.025 107.518 0.029
202106 0.412 108.486 0.475
202109 -0.061 109.435 -0.070
202112 2.292 110.384 2.596
202203 0.162 113.968 0.178
202206 -0.631 115.760 -0.682
202209 -0.243 118.818 -0.256
202212 0.049 119.345 0.051
202303 0.473 122.402 0.483
202306 -0.550 123.140 -0.558
202309 0.095 124.195 0.096
202312 0.092 123.773 0.093
202403 0.369 125.038 0.369

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


PVA TePla AG  (XTER:TPE) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

PVA TePla AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18.72/0.59
=31.73

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PVA TePla AG was 166.55. The lowest was 26.05. And the median was 44.52.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


PVA TePla AG Cyclically Adjusted FCF per Share Related Terms

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


PVA TePla AG (XTER:TPE) Business Description

Industry
Traded in Other Exchanges
Address
Im Westpark 10-12, Wettenberg, DEU, 35435
PVA TePla AG is a Germany-based company that provides vacuum solutions for high temperature and plasma treatment processes, as well as plant engineering solutions. The company operates through two segments: Industrial Systems and Semiconductor Systems. The Industrials Systems segment specializes in the development, construction, and marketing of vacuum heat treatment furnaces for processing materials at high temperatures. The Semiconductor Systems segment generates large revenue provides systems for the semiconductor and solar industry ranging from systems for the production of silicon crystals for the semiconductor, solar and optoelectronic industry to systems for plasma treatment in the semiconductor assembly. Major revenue is derived from the Asian market.
Executives
Jalin Ketter Board of Directors
Prof. Dr. Gernot Hebestreit Supervisory Board
Manfred Bender Board of Directors
Peter Abel Person with management tasks within the meaning of Article 3(1), 25b MAR

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