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Stoneridge (FRA:2GX) Cyclically Adjusted Price-to-FCF : 60.87 (As of Jun. 06, 2024)


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What is Stoneridge Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Stoneridge's current share price is €14.00. Stoneridge's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.23. Stoneridge's Cyclically Adjusted Price-to-FCF for today is 60.87.

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

FRA:2GX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.6   Med: 36.03   Max: 132.93
Current: 60.93

During the past years, Stoneridge's highest Cyclically Adjusted Price-to-FCF was 132.93. The lowest was 19.60. And the median was 36.03.

FRA:2GX's Cyclically Adjusted Price-to-FCF is ranked worse than
78.34% of 494 companies
in the Vehicles & Parts industry
Industry Median: 21.345 vs FRA:2GX: 60.93

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.

Stoneridge's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.111. 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 €0.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stoneridge Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Stoneridge'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.

Stoneridge Cyclically Adjusted Price-to-FCF Chart

Stoneridge 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 43.69 43.85 31.31 63.47 141.12

Stoneridge 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 61.25 62.61 96.94 141.12 72.77

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

For the Auto Parts subindustry, Stoneridge'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.


Stoneridge's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Stoneridge's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Stoneridge 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.00/0.23
=60.87

* 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.

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

For example, Stoneridge'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)
=0.111/131.7762*131.7762
=0.111

Current CPI (Mar. 2024) = 131.7762.

Stoneridge Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.030 100.560 0.039
201409 -0.027 100.428 -0.035
201412 0.472 99.070 0.628
201503 -0.423 99.621 -0.560
201506 -0.026 100.684 -0.034
201509 0.229 100.392 0.301
201512 1.062 99.792 1.402
201603 -0.181 100.470 -0.237
201606 0.361 101.688 0.468
201609 0.400 101.861 0.517
201612 0.742 101.863 0.960
201703 0.083 102.862 0.106
201706 0.291 103.349 0.371
201709 0.421 104.136 0.533
201712 0.593 104.011 0.751
201803 -0.023 105.290 -0.029
201806 0.381 106.317 0.472
201809 0.376 106.507 0.465
201812 0.813 105.998 1.011
201903 -0.435 107.251 -0.534
201906 0.109 108.070 0.133
201909 0.018 108.329 0.022
201912 -0.153 108.420 -0.186
202003 -0.449 108.902 -0.543
202006 -0.330 108.767 -0.400
202009 0.260 109.815 0.312
202012 0.352 109.897 0.422
202103 -0.757 111.754 -0.893
202106 -0.360 114.631 -0.414
202109 -0.143 115.734 -0.163
202112 -0.712 117.630 -0.798
202203 -0.907 121.301 -0.985
202206 -0.192 125.017 -0.202
202209 -0.525 125.227 -0.552
202212 0.769 125.222 0.809
202303 -0.659 127.348 -0.682
202306 -0.115 128.729 -0.118
202309 -0.390 129.860 -0.396
202312 0.023 129.419 0.023
202403 0.111 131.776 0.111

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.


Stoneridge  (FRA:2GX) 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.


Stoneridge Cyclically Adjusted Price-to-FCF Related Terms

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


Stoneridge (FRA:2GX) Business Description

Traded in Other Exchanges
Address
39675 MacKenzie Drive, Suite 400, Novi, MI, USA, 48377
Stoneridge Inc is a manufacturer of electrical and electronic components used in automotive vehicles. The company produces instrumentation systems, vehicle management electronics, application-specific switches and actuators, sensors, security alarms, and vehicle tracking devices and monitoring services for commercial, automotive, off-highway, and agricultural vehicle markets. Stoneridge generates the majority of its revenue in its Electronics segment that produces driver information systems, camera-based vision systems, connectivity, and compliance products, and electronic control units. Geographically, the company's operations are focused on North America. It has Control Devices, Electronics, and Stoneridge Brazil segments.

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