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Astec Industries (Astec Industries) Cyclically Adjusted Price-to-FCF : 43.58 (As of May. 22, 2024)


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What is Astec Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Astec Industries's current share price is $33.56. Astec Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.77. Astec Industries's Cyclically Adjusted Price-to-FCF for today is 43.58.

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

ASTE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.64   Med: 60.21   Max: 194.21
Current: 43.59

During the past years, Astec Industries's highest Cyclically Adjusted Price-to-FCF was 194.21. The lowest was 27.64. And the median was 60.21.

ASTE's Cyclically Adjusted Price-to-FCF is ranked worse than
66.67% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 26.56 vs ASTE: 43.59

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.

Astec Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-2.312. 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 $0.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Astec Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Astec Industries'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.

Astec Industries Cyclically Adjusted Price-to-FCF Chart

Astec Industries 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 46.68 48.10 55.06 49.61 39.49

Astec Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 54.14 51.61 63.36 39.49 56.81

Competitive Comparison of Astec Industries's Cyclically Adjusted Price-to-FCF

For the Farm & Heavy Construction Machinery subindustry, Astec Industries'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.


Astec Industries's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

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

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



Astec Industries 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.

Astec Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=33.56/0.77
=43.58

* 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.

Astec Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Astec Industries'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)
=-2.312/131.7762*131.7762
=-2.312

Current CPI (Mar. 2024) = 131.7762.

Astec Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.288 100.560 0.377
201409 -0.216 100.428 -0.283
201412 -0.017 99.070 -0.023
201503 -0.012 99.621 -0.016
201506 0.172 100.684 0.225
201509 0.128 100.392 0.168
201512 0.130 99.792 0.172
201603 1.729 100.470 2.268
201606 0.466 101.688 0.604
201609 1.231 101.861 1.593
201612 1.216 101.863 1.573
201703 -0.868 102.862 -1.112
201706 0.010 103.349 0.013
201709 0.726 104.136 0.919
201712 1.078 104.011 1.366
201803 -0.746 105.290 -0.934
201806 1.172 106.317 1.453
201809 -2.069 106.507 -2.560
201812 -0.857 105.998 -1.065
201903 0.365 107.251 0.448
201906 1.145 108.070 1.396
201909 1.412 108.329 1.718
201912 1.011 108.420 1.229
202003 -0.018 108.902 -0.022
202006 3.430 108.767 4.156
202009 0.597 109.815 0.716
202012 1.518 109.897 1.820
202103 0.494 111.754 0.583
202106 0.524 114.631 0.602
202109 -0.301 115.734 -0.343
202112 -1.264 117.630 -1.416
202203 -0.926 121.301 -1.006
202206 -1.729 125.017 -1.822
202209 -1.034 125.227 -1.088
202212 -1.331 125.222 -1.401
202303 -1.196 127.348 -1.238
202306 0.334 128.729 0.342
202309 -1.064 129.860 -1.080
202312 1.645 129.419 1.675
202403 -2.312 131.776 -2.312

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.


Astec Industries  (NAS:ASTE) 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.


Astec Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Astec Industries (Astec Industries) Business Description

Traded in Other Exchanges
Address
1725 Shepherd Road, Chattanooga, TN, USA, 37421
Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.
Executives
Winford James Murphy Jr director 213 NORMANDIE DRIVE, OPELOUSAS LA 70570
Barend Snyman officer: Group President 3906 LOBLOLLY LANE, VALDOSTA GA 31601
Nalin Jain director 30 ISABELLA ST., PITTSBURGH PA 15212
Westinghouse Air Brake Technologies Corp director 30 ISABELLA STREET, PITTSBURGH PA 15212
Mark Joseph Gliebe director 200 STATE STREET, BELOIT WI 53511
Linda I. Knoll director 5800 KNOB HILL CR, CLARKSON TN 48348
Litchfield Matthew T Sr officer: Chief Information Officer 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Timothy A Averkamp officer: Group President 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Merwe Jaco Van Der officer: Group President 1725 SHEPHERD RD, CHATTANOOGA TN 37421
Anshu Pasricha officer: GC and Corp Secretary 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
Mary L Howell director 1101 PENNSYLVANIA AVE STE 400, WASHINGTON DC 20004
Tracey H Cook director 1725 SHEPHERD RD, CHATTANOOGA TN 37421
William Bradley Southern director 1610 WEST END AVENUE, NASHVILLE TN 37203
James B Baker director 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Glenwood Dorey director PO BOX 50085, WATSONVILLE CA 95077-5085