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Astec Industries (STU:AI2) Cyclically Adjusted Price-to-FCF : 42.57 (As of Jun. 04, 2024)


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What is Astec Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Astec Industries's current share price is €29.80. Astec Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.70. Astec Industries's Cyclically Adjusted Price-to-FCF for today is 42.57.

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

STU:AI2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.64   Med: 60.04   Max: 194.21
Current: 41.11

During the past years, Astec Industries's highest Cyclically Adjusted Price-to-FCF was 194.21. The lowest was 27.64. And the median was 60.04.

STU:AI2's Cyclically Adjusted Price-to-FCF is ranked worse than
67.68% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 25.38 vs STU:AI2: 41.11

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.

Astec Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-2.127. 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 €0.70 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Astec Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Astec 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.

Astec Industries Cyclically Adjusted Price-to-FCF Chart

Astec 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 46.68 48.10 55.06 49.61 39.49

Astec Industries 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 54.14 51.61 63.36 39.49 56.81

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

For the Farm & Heavy Construction Machinery subindustry, Astec 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.


Astec Industries's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Astec Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Astec 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=29.80/0.7
=42.57

* 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.

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

For example, Astec Industries'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)
=-2.127/131.7762*131.7762
=-2.127

Current CPI (Mar. 2024) = 131.7762.

Astec Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.212 100.560 0.278
201409 -0.168 100.428 -0.220
201412 -0.014 99.070 -0.019
201503 -0.011 99.621 -0.015
201506 0.153 100.684 0.200
201509 0.114 100.392 0.150
201512 0.119 99.792 0.157
201603 1.553 100.470 2.037
201606 0.415 101.688 0.538
201609 1.097 101.861 1.419
201612 1.153 101.863 1.492
201703 -0.812 102.862 -1.040
201706 0.009 103.349 0.011
201709 0.609 104.136 0.771
201712 0.911 104.011 1.154
201803 -0.605 105.290 -0.757
201806 1.003 106.317 1.243
201809 -1.773 106.507 -2.194
201812 -0.753 105.998 -0.936
201903 0.323 107.251 0.397
201906 1.013 108.070 1.235
201909 1.282 108.329 1.559
201912 0.910 108.420 1.106
202003 -0.016 108.902 -0.019
202006 3.046 108.767 3.690
202009 0.507 109.815 0.608
202012 1.247 109.897 1.495
202103 0.415 111.754 0.489
202106 0.435 114.631 0.500
202109 -0.256 115.734 -0.291
202112 -1.118 117.630 -1.252
202203 -0.840 121.301 -0.913
202206 -1.635 125.017 -1.723
202209 -1.045 125.227 -1.100
202212 -1.256 125.222 -1.322
202303 -1.117 127.348 -1.156
202306 0.308 128.729 0.315
202309 -0.997 129.860 -1.012
202312 1.508 129.419 1.535
202403 -2.127 131.776 -2.127

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.


Astec Industries  (STU:AI2) 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.


Astec Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Astec Industries (STU:AI2) Business Description

Traded in Other Exchanges
Address
1725 Shepherd Road, Chattanooga, TN, USA, 37421
Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.

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