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Vectren (Vectren) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Vectren Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vectren Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Vectren'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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Vectren Cyclically Adjusted Price-to-FCF Chart

Vectren Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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Vectren Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of Vectren's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Gas subindustry, Vectren'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.


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

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

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



Vectren 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.

Vectren's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Vectren's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=-0.858/106.5067*106.5067
=-0.858

Current CPI (Sep. 2018) = 106.5067.

Vectren Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200812 -0.647 88.697 -0.777
200903 2.071 89.744 2.458
200906 -0.159 91.003 -0.186
200909 -1.313 91.120 -1.535
200912 -0.373 91.111 -0.436
201003 1.622 91.821 1.881
201006 -0.126 91.962 -0.146
201009 0.000 92.162 0.000
201012 -0.171 92.474 -0.197
201103 1.600 94.283 1.807
201106 -0.165 95.235 -0.185
201109 -0.653 95.727 -0.727
201112 0.389 95.213 0.435
201203 0.995 96.783 1.095
201206 -0.425 96.819 -0.468
201209 -0.339 97.633 -0.370
201212 0.033 96.871 0.036
201303 1.277 98.209 1.385
201306 -0.262 98.518 -0.283
201309 0.382 98.790 0.412
201312 0.954 98.326 1.033
201403 1.264 99.695 1.350
201406 -0.309 100.560 -0.327
201409 -0.687 100.428 -0.729
201412 0.216 99.070 0.232
201503 1.390 99.621 1.486
201506 -0.679 100.684 -0.718
201509 -0.260 100.392 -0.276
201512 -0.108 99.792 -0.115
201603 1.132 100.470 1.200
201606 -0.585 101.688 -0.613
201609 -0.591 101.861 -0.618
201612 -0.173 101.863 -0.181
201703 1.072 102.862 1.110
201706 -1.575 103.349 -1.623
201709 -0.618 104.136 -0.632
201712 -0.130 104.011 -0.133
201803 -0.008 105.290 -0.008
201806 -1.037 106.317 -1.039
201809 -0.858 106.507 -0.858

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.


Vectren  (NYSE:VVC) 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.


Vectren Cyclically Adjusted Price-to-FCF Related Terms

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


Vectren (Vectren) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Vectren Corp is an energy holding company whose principal business is the ownership of energy utility companies in the American state of Indiana. Vectren Corp has three wholly owned subsidiaries: Indiana Gas Company, Southern Indiana Gas and Electric Company (SIGECO), and Vectren Energy Delivery of Ohio (VEDO). The company derives roughly half of its total revenue from both the natural gas and electricity distribution services provided by SIGECO and VEDO to primarily residential and commercial consumers in Indiana. Vectren Corp's Infrastructure Services business represents the other half of its total revenue generation. Within this unit, the company provides underground pipeline construction and repair services to utilities companies, such as its own subsidiaries.
Executives
Teresa J. Tanner director 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Michael L Smith director C/O AGILON HEALTH, INC., 6210 E HWY 290, SUITE 450, AUSTIN TX 78723
M Susan Hardwick officer: EVP & Chief Financial Officer C/O AMERICAN WATER WORKS COMPANY, INC., 1 WATER STREET, CAMDEN NJ 08102-1658
Robert G Jones director OLD NATIONAL BANCORP, ONE MAIN STREET, EVANSVILLE IN 47708
Jean L Wojtowicz director C/O VECTREN CORP, 20 NW FOURTH STREET, EVANVILLE IN 47711
Anton H George director C/O VECTREN CORP, 20 NW FOURTH STREET, EVANVILLE IN 47711
Degraffenreidt James H Jr director 1100 H ST NW, WASHINGTON DC 20080
Martin C Jischke director 1031 HOVDE HALL, W LAFAYETTE IN 47907
Niel C Ellerbrook director C/O OLD NATIONAL BANCORP, ONE MAIN STREET, EVANVILLE IN 47708
William G Mays director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Koch Robert L Ii director

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