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HNI (FRA:HO9) Cyclically Adjusted Price-to-FCF : 16.94 (As of Jun. 08, 2024)


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What is HNI Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), HNI's current share price is €41.00. HNI's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.42. HNI's Cyclically Adjusted Price-to-FCF for today is 16.94.

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

FRA:HO9' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.6   Med: 16.82   Max: 22.47
Current: 16.81

During the past years, HNI's highest Cyclically Adjusted Price-to-FCF was 22.47. The lowest was 10.60. And the median was 16.82.

FRA:HO9's Cyclically Adjusted Price-to-FCF is ranked better than
76.26% of 1032 companies
in the Industrial Products industry
Industry Median: 32.78 vs FRA:HO9: 16.81

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.

HNI's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.296. 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 €2.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


HNI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for HNI'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.

HNI Cyclically Adjusted Price-to-FCF Chart

HNI 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 18.74 15.31 18.44 12.79 17.09

HNI 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 11.67 11.59 14.21 17.09 17.17

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

For the Business Equipment & Supplies subindustry, HNI'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.


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

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

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



HNI 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=41.00/2.42
=16.94

* 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.

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

For example, HNI'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)
=-0.296/131.7762*131.7762
=-0.296

Current CPI (Mar. 2024) = 131.7762.

HNI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.010 100.560 0.013
201409 0.871 100.428 1.143
201412 1.117 99.070 1.486
201503 -1.574 99.621 -2.082
201506 -0.083 100.684 -0.109
201509 1.150 100.392 1.510
201512 1.656 99.792 2.187
201603 -0.951 100.470 -1.247
201606 0.461 101.688 0.597
201609 1.074 101.861 1.389
201612 1.511 101.863 1.955
201703 -1.333 102.862 -1.708
201706 -0.523 103.349 -0.667
201709 0.846 104.136 1.071
201712 1.002 104.011 1.269
201803 -0.865 105.290 -1.083
201806 0.855 106.317 1.060
201809 1.360 106.507 1.683
201812 1.086 105.998 1.350
201903 -0.951 107.251 -1.168
201906 0.457 108.070 0.557
201909 1.898 108.329 2.309
201912 1.817 108.420 2.208
202003 -0.986 108.902 -1.193
202006 1.107 108.767 1.341
202009 2.059 109.815 2.471
202012 1.165 109.897 1.397
202103 -0.333 111.754 -0.393
202106 0.416 114.631 0.478
202109 0.685 115.734 0.780
202112 0.489 117.630 0.548
202203 -1.205 121.301 -1.309
202206 -0.027 125.017 -0.028
202209 1.053 125.227 1.108
202212 0.622 125.222 0.655
202303 -0.062 127.348 -0.064
202306 0.032 128.729 0.033
202309 2.001 129.860 2.031
202312 1.691 129.419 1.722
202403 -0.296 131.776 -0.296

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.


HNI  (FRA:HO9) 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.


HNI Cyclically Adjusted Price-to-FCF Related Terms

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


HNI (FRA:HO9) Business Description

Industry
Traded in Other Exchanges
Address
600 East Second Street, P.O. Box 1109, Muscatine, IA, USA, 52761-0071
HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its workplace furnishing, which consists of panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. These products are sold primarily through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments. Residential building products include a full array of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, Mainland China, Hong Kong, India, Mexico, and Taiwan.

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