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ACEA SpA (MIL:ACE) Cyclically Adjusted Price-to-FCF : 327.80 (As of May. 24, 2024)


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What is ACEA SpA Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), ACEA SpA's current share price is €16.39. ACEA SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.05. ACEA SpA's Cyclically Adjusted Price-to-FCF for today is 327.80.

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

MIL:ACE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 40.85   Med: 96.29   Max: 735
Current: 323.08

During the past years, ACEA SpA's highest Cyclically Adjusted Price-to-FCF was 735.00. The lowest was 40.85. And the median was 96.29.

MIL:ACE's Cyclically Adjusted Price-to-FCF is ranked worse than
97.38% of 229 companies
in the Utilities - Regulated industry
Industry Median: 17.14 vs MIL:ACE: 323.08

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.

ACEA SpA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.174. 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 €0.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ACEA SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ACEA SpA'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.

ACEA SpA Cyclically Adjusted Price-to-FCF Chart

ACEA SpA 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 72.96 85.12 107.30 81.02 314.68

ACEA SpA 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 44.62 118.49 98.23 314.68 315.78

Competitive Comparison of ACEA SpA's Cyclically Adjusted Price-to-FCF

For the Utilities - Diversified subindustry, ACEA SpA'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.


ACEA SpA's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

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

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



ACEA SpA 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.39/0.05
=327.80

* 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.

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

For example, ACEA SpA'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)
=-0.174/120.2000*120.2000
=-0.174

Current CPI (Mar. 2024) = 120.2000.

ACEA SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.112 100.093 0.134
201409 -0.004 99.814 -0.005
201412 1.664 99.721 2.006
201503 -0.130 99.814 -0.157
201506 0.550 100.279 0.659
201509 0.109 100.000 0.131
201512 0.635 99.814 0.765
201603 -0.650 99.600 -0.784
201606 0.756 99.900 0.910
201609 -0.035 100.100 -0.042
201612 0.297 100.300 0.356
201703 -0.455 101.000 -0.541
201706 -0.005 101.100 -0.006
201709 -0.296 101.200 -0.352
201712 -0.188 101.200 -0.223
201803 -0.266 101.800 -0.314
201806 0.165 102.400 0.194
201809 -0.029 102.600 -0.034
201812 0.637 102.300 0.748
201903 -0.136 102.800 -0.159
201906 -0.195 103.100 -0.227
201909 0.181 102.900 0.211
201912 0.040 102.800 0.047
202003 -0.474 102.900 -0.554
202006 -0.415 102.900 -0.485
202009 0.162 102.300 0.190
202012 0.351 102.600 0.411
202103 -0.229 103.700 -0.265
202106 -0.445 104.200 -0.513
202109 -0.183 104.900 -0.210
202112 -0.187 106.600 -0.211
202203 -0.119 110.400 -0.130
202206 -0.277 112.500 -0.296
202209 -0.053 114.200 -0.056
202212 -0.356 119.000 -0.360
202303 0.549 118.800 0.555
202306 -0.660 119.700 -0.663
202309 -0.206 120.300 -0.206
202312 0.167 119.700 0.168
202403 -0.174 120.200 -0.174

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.


ACEA SpA  (MIL:ACE) 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.


ACEA SpA Cyclically Adjusted Price-to-FCF Related Terms

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


ACEA SpA (MIL:ACE) Business Description

Industry
Traded in Other Exchanges
Address
Piazzale Ostiense, 2, Roma, ITA, 00154
ACEA SpA is an Italian-based electricity and water utility company. It operates chiefly in Rome and other cities in Lazio, a central Italian region. With the help of its various subsidiaries and numerous ventures, Acea produces and sells energy, utilities, and environmental products and services. The company derives a majority of its revenue from its water segment (drinking water and sewage system), with additional revenue coming from its energy (electricity and natural gas), networks (distribution services), and environmental (research and development and consultancy services) segments.

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