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Dnow (FRA:11N) Cyclically Adjusted Price-to-FCF : 9.85 (As of May. 26, 2024)


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What is Dnow Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Dnow's current share price is €13.00. Dnow's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.32. Dnow's Cyclically Adjusted Price-to-FCF for today is 9.85.

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

FRA:11N' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.57   Med: 8.25   Max: 11.52
Current: 9.98

During the past years, Dnow's highest Cyclically Adjusted Price-to-FCF was 11.52. The lowest was 6.57. And the median was 8.25.

FRA:11N's Cyclically Adjusted Price-to-FCF is ranked better than
90.07% of 1017 companies
in the Industrial Products industry
Industry Median: 33.45 vs FRA:11N: 9.98

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.

Dnow's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.686. 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 €1.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dnow Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dnow'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.

Dnow Cyclically Adjusted Price-to-FCF Chart

Dnow 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 - - - 9.08 8.60

Dnow 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 7.90 7.46 - 8.60 10.70

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

For the Specialty Industrial Machinery subindustry, Dnow'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.


Dnow's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Dnow 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.00/1.32
=9.85

* 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.

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

For example, Dnow'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)
=0.686/131.7762*131.7762
=0.686

Current CPI (Mar. 2024) = 131.7762.

Dnow Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.375 100.560 0.491
201409 -0.388 100.428 -0.509
201412 0.533 99.070 0.709
201503 -0.138 99.621 -0.183
201506 0.758 100.684 0.992
201509 1.341 100.392 1.760
201512 0.661 99.792 0.873
201603 0.739 100.470 0.969
201606 0.482 101.688 0.625
201609 0.250 101.861 0.323
201612 0.425 101.863 0.550
201703 -0.190 102.862 -0.243
201706 -0.437 103.349 -0.557
201709 -0.272 104.136 -0.344
201712 -0.071 104.011 -0.090
201803 -0.233 105.290 -0.292
201806 0.024 106.317 0.030
201809 0.165 106.507 0.204
201812 0.556 105.998 0.691
201903 -0.162 107.251 -0.199
201906 0.559 108.070 0.682
201909 0.840 108.329 1.022
201912 0.606 108.420 0.737
202003 0.025 108.902 0.030
202006 0.538 108.767 0.652
202009 0.444 109.815 0.533
202012 0.415 109.897 0.498
202103 -0.038 111.754 -0.045
202106 0.053 114.631 0.061
202109 0.168 115.734 0.191
202112 0.008 117.630 0.009
202203 -0.180 121.301 -0.196
202206 -0.247 125.017 -0.260
202209 0.408 125.227 0.429
202212 0.051 125.222 0.054
202303 -0.092 127.348 -0.095
202306 0.674 128.729 0.690
202309 0.000 129.860 0.000
202312 0.881 129.419 0.897
202403 0.686 131.776 0.686

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.


Dnow  (FRA:11N) 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.


Dnow Cyclically Adjusted Price-to-FCF Related Terms

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


Dnow (FRA:11N) Business Description

Industry
Traded in Other Exchanges
Address
7402 North Eldridge Parkway, Houston, TX, USA, 77041
Dnow Inc is a company engaged in worldwide supplying of energy and industrial products and packaged, engineered process and production equipment with a legacy of over one sixty years. They offer a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW that provide customers world-class technology for digital commerce, data and information management. Its locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.

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