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IMI (FRA:IMI) Cyclically Adjusted Price-to-FCF : 22.36 (As of Jun. 07, 2024)


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What is IMI Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), IMI's current share price is €19.90. IMI's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.89. IMI's Cyclically Adjusted Price-to-FCF for today is 22.36.

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

FRA:IMI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.17   Med: 19.21   Max: 39.03
Current: 21.95

During the past years, IMI's highest Cyclically Adjusted Price-to-FCF was 39.03. The lowest was 10.17. And the median was 19.21.

FRA:IMI's Cyclically Adjusted Price-to-FCF is ranked better than
66.83% of 1031 companies
in the Industrial Products industry
Industry Median: 32.88 vs FRA:IMI: 21.95

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.

IMI's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.839. 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 €0.89 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


IMI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for IMI'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.

IMI Cyclically Adjusted Price-to-FCF Chart

IMI 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 17.55 16.65 23.30 15.70 20.09

IMI Quarterly Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 23.30 - 15.70 - 20.09

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

For the Specialty Industrial Machinery subindustry, IMI'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.


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

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

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



IMI 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=19.90/0.89
=22.36

* 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.

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

For example, IMI'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)
=0.839/130.5000*130.5000
=0.839

Current CPI (Dec. 2023) = 130.5000.

IMI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200306 0.000 76.700 0.000
200312 0.000 77.300 0.000
200506 -0.139 79.400 -0.228
200512 0.000 80.300 0.000
200606 0.059 81.500 0.094
200612 0.286 82.600 0.452
200706 -0.039 83.500 -0.061
200712 0.261 84.500 0.403
200806 0.110 86.600 0.166
200812 0.443 87.100 0.664
200906 0.151 88.100 0.224
200912 0.532 88.900 0.781
201006 0.118 90.200 0.171
201012 0.679 91.700 0.966
201106 0.175 93.500 0.244
201112 0.478 95.000 0.657
201206 0.065 95.600 0.089
201212 0.654 97.300 0.877
201306 0.370 98.000 0.493
201312 0.704 99.200 0.926
201406 -0.024 99.800 -0.031
201412 0.239 99.900 0.312
201506 0.295 100.100 0.385
201512 0.577 100.400 0.750
201606 0.249 101.000 0.322
201612 0.552 102.200 0.705
201706 0.226 103.500 0.285
201712 0.376 105.000 0.467
201806 0.122 105.900 0.150
201812 0.490 107.100 0.597
201906 0.350 107.900 0.423
201912 0.715 108.500 0.860
202006 0.321 108.800 0.385
202012 0.813 109.400 0.970
202106 0.318 111.400 0.373
202112 0.604 114.700 0.687
202206 0.213 120.500 0.231
202212 0.731 125.300 0.761
202306 0.427 129.400 0.431
202312 0.839 130.500 0.839

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.


IMI  (FRA:IMI) 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.


IMI Cyclically Adjusted Price-to-FCF Related Terms

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


IMI (FRA:IMI) Business Description

Industry
Traded in Other Exchanges
Address
Lakeside, Solihull Parkway, Birmingham Business Park, Birmingham, GBR, B37 7XZ
IMI plc is a specialized engineering company that manufactures and services products for controlling the movement of air and fluids. It develops technologies centered around valves and actuators to improve processes. The company's segments are grouped into five sectors: Process Automation, Industrial Automation, Life Science and Fluid Control, Climate Control, and Transport. Solutions can help with power generation in nuclear power plants, fuel delivery, or provide heating and cooling systems to various buildings. Customers work in energy, transportation, infrastructure, and other industrial sectors. It operates a global service network to provide maintenance and repairs. Revenue based on customer location is fairly split between Western Europe, North America, and emerging markets.

IMI (FRA:IMI) Headlines

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