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IRCON International (NSE:IRCON) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is IRCON International Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


IRCON International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for IRCON International'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.

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IRCON International Cyclically Adjusted Price-to-FCF Chart

IRCON International Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
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IRCON International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of IRCON International's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, IRCON International'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.


IRCON International's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



IRCON International 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.

IRCON International's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, IRCON International'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)
=-9.851/153.0345*153.0345
=-9.851

Current CPI (Mar24) = 153.0345.

IRCON International Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 7.572 97.163 11.926
201603 14.558 102.518 21.731
201703 4.525 105.196 6.583
201803 -33.678 109.786 -46.945
201903 -25.008 118.202 -32.377
202003 -2.438 124.705 -2.992
202103 5.460 131.771 6.341
202203 14.600 138.822 16.095
202303 -4.018 146.865 -4.187
202403 -9.851 153.035 -9.851

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.


IRCON International  (NSE:IRCON) 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.


IRCON International Cyclically Adjusted Price-to-FCF Related Terms

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IRCON International (NSE:IRCON) Business Description

Traded in Other Exchanges
Address
Plot No. C-4, District Centre, Saket, New Delhi, IND, 110017
IRCON International Ltd is an India based integrated engineering and construction company. It specializes in infrastructure projects including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. It derives the majority of the revenue from the Railways sector. Geographically, it derives a majority of revenue from India.

IRCON International (NSE:IRCON) Headlines

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