GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cadiz Inc (NAS:CDZI) » Definitions » Cyclically Adjusted Price-to-FCF

Cadiz (CDZI) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Cadiz Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cadiz Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cadiz'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.

Cadiz Cyclically Adjusted Price-to-FCF Chart

Cadiz 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 - - - - -

Cadiz 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 - - - - -

Competitive Comparison of Cadiz's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Water subindustry, Cadiz'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.


Cadiz's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cadiz's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cadiz 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.

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

For example, Cadiz'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)
=-0.112/129.4194*129.4194
=-0.112

Current CPI (Dec. 2023) = 129.4194.

Cadiz Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.274 99.695 -0.356
201406 -0.131 100.560 -0.169
201409 -0.119 100.428 -0.153
201412 -0.096 99.070 -0.125
201503 -0.150 99.621 -0.195
201506 -0.165 100.684 -0.212
201509 -0.235 100.392 -0.303
201512 -0.206 99.792 -0.267
201603 -0.083 100.470 -0.107
201606 -0.186 101.688 -0.237
201609 -0.084 101.861 -0.107
201612 -0.156 101.863 -0.198
201703 -0.124 102.862 -0.156
201706 -0.101 103.349 -0.126
201709 -0.147 104.136 -0.183
201712 -0.135 104.011 -0.168
201803 -0.192 105.290 -0.236
201806 -0.122 106.317 -0.149
201809 -0.105 106.507 -0.128
201812 -0.164 105.998 -0.200
201903 -0.166 107.251 -0.200
201906 -0.132 108.070 -0.158
201909 -0.169 108.329 -0.202
201912 -0.116 108.420 -0.138
202003 -0.252 108.902 -0.299
202006 -0.112 108.767 -0.133
202009 -0.105 109.815 -0.124
202012 -0.105 109.897 -0.124
202103 -0.088 111.754 -0.102
202106 -0.584 114.631 -0.659
202109 -0.109 115.734 -0.122
202112 -0.172 117.630 -0.189
202203 -0.084 121.301 -0.090
202206 -0.109 125.017 -0.113
202209 -0.128 125.227 -0.132
202212 -0.115 125.222 -0.119
202303 -0.100 127.348 -0.102
202306 -0.102 128.729 -0.103
202309 -0.092 129.860 -0.092
202312 -0.112 129.419 -0.112

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.


Cadiz  (NAS:CDZI) 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.


Cadiz Cyclically Adjusted Price-to-FCF Related Terms

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


Cadiz (CDZI) Business Description

Industry
Traded in Other Exchanges
Address
550 South Hope Street, Suite 2850, Los Angeles, CA, USA, 90071
Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.
Executives
Susan P Kennedy director 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Winston H Hickox director C/O THOMAS PROPERTIES GROUP, INC., 515 SOUTH FLOWER STREET, 6TH FLOOR, LOS ANGELES CA 90071
Maria S. Dreyfus director 125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Scott S Slater director, officer: Chief Executive Officer 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Heerema International Group Services Sa 10 percent owner ROUTE DE FLORISSANT 81, GENEVE V8 1206
Kenneth T Lombard director 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Richard Garcia Polanco director 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Stephen E Courter director C/O CADIZ INC., 550 SOUTH HOPE STREET, 2850, LOS ANGELES X1 90071
Webb De Macias Carolyn D director 304 NORTH ALMANSOR STREET, ALHAMBRA CA 91801
Maria Echaveste director 1511 ARCH STREET, BERKELEY CA 94708
Odey Asset Management Llp 10 percent owner 18 UPPER BROOK STREET, LONDON, UNITED KINGDOM X0 W1K 7PU
Odey Holdings Ltd 10 percent owner 18 UPPER BROOK STREET, LONDON X0 W1K 7PU
Odey Robin Crispin William 10 percent owner 18 UPPER BROOK STREET, LONDON, UNITED KINGDOM X0 W1K 7PU
Odey Asset Management Group Ltd 10 percent owner 18 UPPER BROOK STREET, LONDON X0 W1K 7PU
Keith Brackpool director, officer: Chief Executive Officer 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071