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Hindustan Construction Co (NSE:HCC) Cyclically Adjusted Price-to-FCF : 17.43 (As of Jun. 08, 2024)


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What is Hindustan Construction Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Hindustan Construction Co's current share price is ₹38.35. Hindustan Construction Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 was ₹2.20. Hindustan Construction Co's Cyclically Adjusted Price-to-FCF for today is 17.43.

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

NSE:HCC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.5   Med: 17.56   Max: 22.98
Current: 16.77

During the past 13 years, Hindustan Construction Co's highest Cyclically Adjusted Price-to-FCF was 22.98. The lowest was 15.50. And the median was 17.56.

NSE:HCC's Cyclically Adjusted Price-to-FCF is ranked better than
52.15% of 581 companies
in the Construction industry
Industry Median: 17.76 vs NSE:HCC: 16.77

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.

Hindustan Construction Co's adjusted free cash flow per share data of for the fiscal year that ended in Mar24 was ₹0.476. 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 ₹2.20 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hindustan Construction Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hindustan Construction Co'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.

Hindustan Construction Co Cyclically Adjusted Price-to-FCF Chart

Hindustan Construction Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 15.90 14.31

Hindustan Construction Co 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 15.90 - - - 14.31

Competitive Comparison of Hindustan Construction Co's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Hindustan Construction Co'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.


Hindustan Construction Co's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hindustan Construction Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hindustan Construction Co 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.

Hindustan Construction Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=38.35/2.2
=17.43

* 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.

Hindustan Construction Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Hindustan Construction Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=0.476/153.0345*153.0345
=0.476

Current CPI (Mar24) = 153.0345.

Hindustan Construction Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -3.289 97.163 -5.180
201603 -0.095 102.518 -0.142
201703 -2.034 105.196 -2.959
201803 13.072 109.786 18.221
201903 1.178 118.202 1.525
202003 2.858 124.705 3.507
202103 1.733 131.771 2.013
202203 5.440 138.822 5.997
202303 -1.354 146.865 -1.411
202403 0.476 153.035 0.476

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.


Hindustan Construction Co  (NSE:HCC) 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.


Hindustan Construction Co Cyclically Adjusted Price-to-FCF Related Terms

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


Hindustan Construction Co (NSE:HCC) Business Description

Traded in Other Exchanges
Address
Lal Bahadur Shastri Marg, Hincon House, C-101, 1st Floor, 247 Park, Vikhroli (West), Mumbai, MH, IND, 400083
Hindustan Construction Co Ltd is engaged in the EPC(Engineering, Procurement, and Construction) Business. It is involved in high-value projects that span across diverse sectors such as transportation, power, marine projects, irrigation and water supply, special buildings and industrial plants. Its business segments include Engineering and Construction, which is the key revenue driver; Infrastructure; Real Estate; and others.

Hindustan Construction Co (NSE:HCC) Headlines

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