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Hawaiian Electric Industries (Hawaiian Electric Industries) Cyclically Adjusted Price-to-FCF : 41.79 (As of Apr. 30, 2024)


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What is Hawaiian Electric Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Hawaiian Electric Industries's current share price is $10.03. Hawaiian Electric Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.24. Hawaiian Electric Industries's Cyclically Adjusted Price-to-FCF for today is 41.79.

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

HE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.27   Med: 261.36   Max: 1424.67
Current: 42.46

During the past years, Hawaiian Electric Industries's highest Cyclically Adjusted Price-to-FCF was 1424.67. The lowest was 29.27. And the median was 261.36.

HE's Cyclically Adjusted Price-to-FCF is ranked worse than
76.5% of 234 companies
in the Utilities - Regulated industry
Industry Median: 17.135 vs HE: 42.46

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.

Hawaiian Electric Industries's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.326. 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 $0.24 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hawaiian Electric Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hawaiian Electric Industries'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.

Hawaiian Electric Industries Cyclically Adjusted Price-to-FCF Chart

Hawaiian Electric Industries 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 211.03 528.76 1,190.66 262.22 60.06

Hawaiian Electric Industries 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 262.22 157.47 111.19 52.58 60.06

Competitive Comparison of Hawaiian Electric Industries's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries'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.


Hawaiian Electric Industries's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

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

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



Hawaiian Electric Industries 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.

Hawaiian Electric Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.03/0.24
=41.79

* 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.

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

For example, Hawaiian Electric Industries'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)
=-0.326/129.4194*129.4194
=-0.326

Current CPI (Dec. 2023) = 129.4194.

Hawaiian Electric Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.458 99.695 -0.595
201406 -0.558 100.560 -0.718
201409 0.391 100.428 0.504
201412 0.229 99.070 0.299
201503 0.146 99.621 0.190
201506 -0.497 100.684 -0.639
201509 -0.153 100.392 -0.197
201512 0.445 99.792 0.577
201603 0.400 100.470 0.515
201606 -0.194 101.688 -0.247
201609 1.179 101.861 1.498
201612 0.143 101.863 0.182
201703 -0.407 102.862 -0.512
201706 0.074 103.349 0.093
201709 0.119 104.136 0.148
201712 0.122 104.011 0.152
201803 -0.865 105.290 -1.063
201806 -0.401 106.317 -0.488
201809 0.139 106.507 0.169
201812 1.056 105.998 1.289
201903 -0.396 107.251 -0.478
201906 -0.482 108.070 -0.577
201909 0.960 108.329 1.147
201912 0.418 108.420 0.499
202003 -0.588 108.902 -0.699
202006 0.584 108.767 0.695
202009 0.151 109.815 0.178
202012 0.269 109.897 0.317
202103 -0.295 111.754 -0.342
202106 0.014 114.631 0.016
202109 0.231 115.734 0.258
202112 -0.122 117.630 -0.134
202203 0.122 121.301 0.130
202206 -0.789 125.017 -0.817
202209 -0.261 125.227 -0.270
202212 0.911 125.222 0.942
202303 0.516 127.348 0.524
202306 0.720 128.729 0.724
202309 -0.583 129.860 -0.581
202312 -0.326 129.419 -0.326

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.


Hawaiian Electric Industries  (NYSE:HE) 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.


Hawaiian Electric Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description

Traded in Other Exchanges
Address
1001 Bishop Street, Suite 2900, Honolulu, HI, USA, 96813
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.
Executives
Scott Deghetto officer: EVP, CFO & Treasurer P.O. BOX 730, HONOLULU HI 96808
Bruce Tamashiro officer: Controller, PAO P.O. BOX 730, HONOLULU HI 96808
Keith P Russell director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Yoko Otani director P.O. BOX 730, HONOLULU HI 96808
Michael J. Kennedy director P.O. BOX 730, HONOLULU HI 96808
Elisia Flores director PO BOX 730, HONOLULU HI 96808
Gregory C Hazelton officer: SVP - Finance 220 NW SECOND AVENUE, PORTLAND OR 97209
Lau Constance H director, officer: President C/O HAWAIIAN ELECTRIC INDUSTRIES, INC., P O BOX 730, HONOLULIU HI 96808
Ann Teranishi officer: Pres & CEO, Amer Savings Bank P.O. BOX 730, HONOLULU HI 96813
Kimura Shelee M.t. officer: Pres & CEO, Hawn Electric Co. C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Spring Master Fund, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Spring Master Fund A, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Richard F Wacker officer: Pres & CEO, Amer Savings Bank
Seu Scott W.h. officer: Pres & CEO, Hawn Electric C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Capital Management, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129

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