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A.O. Smith (BSP:A1OS34) Cyclically Adjusted Price-to-FCF : 32.05 (As of Jun. 06, 2024)


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What is A.O. Smith Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), A.O. Smith's current share price is R$351.00. A.O. Smith's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$10.95. A.O. Smith's Cyclically Adjusted Price-to-FCF for today is 32.05.

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

BSP:A1OS34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.59   Med: 40.63   Max: 67.84
Current: 29.44

During the past years, A.O. Smith's highest Cyclically Adjusted Price-to-FCF was 67.84. The lowest was 21.59. And the median was 40.63.

BSP:A1OS34's Cyclically Adjusted Price-to-FCF is ranked better than
55.29% of 1031 companies
in the Industrial Products industry
Industry Median: 32.99 vs BSP:A1OS34: 29.44

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.

A.O. Smith's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$2.841. 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 R$10.95 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


A.O. Smith Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for A.O. Smith'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.

A.O. Smith Cyclically Adjusted Price-to-FCF Chart

A.O. Smith 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 36.96 34.86 42.13 24.61 30.84

A.O. Smith 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 28.49 29.10 25.54 30.84 32.08

Competitive Comparison of A.O. Smith's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, A.O. Smith'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.


A.O. Smith's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, A.O. Smith's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where A.O. Smith's Cyclically Adjusted Price-to-FCF falls into.



A.O. Smith 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.

A.O. Smith's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=351.00/10.95
=32.05

* 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.

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

For example, A.O. Smith'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)
=2.841/131.7762*131.7762
=2.841

Current CPI (Mar. 2024) = 131.7762.

A.O. Smith Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.644 100.560 0.844
201409 0.759 100.428 0.996
201412 1.173 99.070 1.560
201503 -0.267 99.621 -0.353
201506 0.788 100.684 1.031
201509 3.359 100.392 4.409
201512 2.079 99.792 2.745
201603 0.148 100.470 0.194
201606 2.133 101.688 2.764
201609 1.612 101.861 2.085
201612 3.069 101.863 3.970
201703 -0.505 102.862 -0.647
201706 1.229 103.349 1.567
201709 0.843 104.136 1.067
201712 2.814 104.011 3.565
201803 0.490 105.290 0.613
201806 2.353 106.317 2.916
201809 2.316 106.507 2.865
201812 3.027 105.998 3.763
201903 0.016 107.251 0.020
201906 2.443 108.070 2.979
201909 3.048 108.329 3.708
201912 4.053 108.420 4.926
202003 1.239 108.902 1.499
202006 3.622 108.767 4.388
202009 4.626 109.815 5.551
202012 6.684 109.897 8.015
202103 3.022 111.754 3.563
202106 2.425 114.631 2.788
202109 5.462 115.734 6.219
202112 8.280 117.630 9.276
202203 0.113 121.301 0.123
202206 0.648 125.017 0.683
202209 4.737 125.227 4.985
202212 5.388 125.222 5.670
202303 3.744 127.348 3.874
202306 4.061 128.729 4.157
202309 5.236 129.860 5.313
202312 6.604 129.419 6.724
202403 2.841 131.776 2.841

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.


A.O. Smith  (BSP:A1OS34) 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.


A.O. Smith Cyclically Adjusted Price-to-FCF Related Terms

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A.O. Smith (BSP:A1OS34) Business Description

Traded in Other Exchanges
Address
11270 West Park Place, P. O. Box 245008, Suite 170, Milwaukee, WI, USA, 53224-9508
A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.

A.O. Smith (BSP:A1OS34) Headlines

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