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Hammond Manufacturing Co (TSX:HMM.A) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Hammond Manufacturing Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hammond Manufacturing Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hammond Manufacturing 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.

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Hammond Manufacturing Co Cyclically Adjusted Price-to-FCF Chart

Hammond Manufacturing Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hammond Manufacturing Co 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 Hammond Manufacturing Co's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Hammond Manufacturing 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.


Hammond Manufacturing Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hammond Manufacturing Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hammond Manufacturing 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.

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

For example, Hammond Manufacturing Co'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)
=0.254/126.2576*126.2576
=0.254

Current CPI (Mar. 2024) = 126.2576.

Hammond Manufacturing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.092 99.473 0.117
201409 0.047 99.394 0.060
201412 0.137 98.367 0.176
201503 -0.131 99.789 -0.166
201506 -0.146 100.500 -0.183
201509 -0.164 100.421 -0.206
201512 -0.481 99.947 -0.608
201603 -0.453 101.054 -0.566
201606 -0.165 102.002 -0.204
201609 -0.067 101.765 -0.083
201612 0.029 101.449 0.036
201703 -0.096 102.634 -0.118
201706 0.279 103.029 0.342
201709 0.029 103.345 0.035
201712 0.115 103.345 0.140
201803 -0.299 105.004 -0.360
201806 -0.102 105.557 -0.122
201809 -0.283 105.636 -0.338
201812 -0.136 105.399 -0.163
201903 -0.199 106.979 -0.235
201906 0.376 107.690 0.441
201909 0.193 107.611 0.226
201912 0.403 107.769 0.472
202003 -0.158 107.927 -0.185
202006 0.232 108.401 0.270
202009 0.303 108.164 0.354
202012 0.517 108.559 0.601
202103 0.111 110.298 0.127
202106 0.059 111.720 0.067
202109 -0.021 112.905 -0.023
202112 0.089 113.774 0.099
202203 -0.594 117.646 -0.637
202206 -0.190 120.806 -0.199
202209 -0.459 120.648 -0.480
202212 -0.114 120.964 -0.119
202303 -0.752 122.702 -0.774
202306 0.168 124.203 0.171
202309 0.266 125.230 0.268
202312 0.596 125.072 0.602
202403 0.254 126.258 0.254

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.


Hammond Manufacturing Co  (TSX:HMM.A) 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.


Hammond Manufacturing Co Cyclically Adjusted Price-to-FCF Related Terms

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Hammond Manufacturing Co (TSX:HMM.A) Business Description

Traded in Other Exchanges
Address
394 Edinburgh Road North, Guelph, ON, CAN, N1H 1E5
Hammond Manufacturing Co Ltd provides electrical and electronic components to Original Equipment Manufacturers (OEM) through a network of agents and distributors. Its product categories include Electrical Enclosures, Small Enclosures, Rack Mounting Solutions, PDUs & Outlet Strips, Transformers, and Classic Transformers & Chokes. Its geographical segments are Canada, the United States, and other countries, of which key revenue is derived from the United States.

Hammond Manufacturing Co (TSX:HMM.A) Headlines

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