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AZZ (AZZ) Cyclically Adjusted Price-to-FCF : 20.14 (As of Apr. 28, 2024)


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What is AZZ Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), AZZ's current share price is $71.49. AZZ's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was $3.55. AZZ's Cyclically Adjusted Price-to-FCF for today is 20.14.

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

AZZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.61   Med: 17.43   Max: 37.31
Current: 20.12

During the past years, AZZ's highest Cyclically Adjusted Price-to-FCF was 37.31. The lowest was 8.61. And the median was 17.43.

AZZ's Cyclically Adjusted Price-to-FCF is ranked worse than
56.18% of 356 companies
in the Business Services industry
Industry Median: 17.405 vs AZZ: 20.12

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.

AZZ's adjusted free cash flow per share data for the three months ended in Feb. 2024 was $1.407. 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 $3.55 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AZZ Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AZZ'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.

AZZ Cyclically Adjusted Price-to-FCF Chart

AZZ Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.58 16.43 14.52 12.38 20.49

AZZ Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 12.38 10.65 14.23 14.31 20.49

Competitive Comparison of AZZ's Cyclically Adjusted Price-to-FCF

For the Specialty Business Services subindustry, AZZ'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.


AZZ's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AZZ's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AZZ 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=71.49/3.55
=20.14

* 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.

AZZ's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, AZZ's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.407/129.4194*129.4194
=1.407

Current CPI (Feb. 2024) = 129.4194.

AZZ Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.242 100.373 0.312
201408 1.402 100.352 1.808
201411 0.803 99.635 1.043
201502 0.996 99.032 1.302
201505 -0.068 100.333 -0.088
201508 1.345 100.548 1.731
201511 1.497 100.135 1.935
201602 1.221 100.040 1.580
201605 -0.024 101.355 -0.031
201608 1.183 101.617 1.507
201611 -0.081 101.829 -0.103
201702 1.595 102.779 2.008
201705 -0.994 103.256 -1.246
201708 0.465 103.587 0.581
201711 1.195 104.072 1.486
201802 1.155 105.052 1.423
201805 -0.584 106.148 -0.712
201808 0.948 106.383 1.153
201811 1.334 106.338 1.624
201902 1.585 106.649 1.923
201905 -0.862 108.048 -1.033
201908 1.687 108.245 2.017
201911 1.057 108.519 1.261
202002 2.282 109.139 2.706
202005 -0.841 108.175 -1.006
202008 1.334 109.662 1.574
202011 0.714 109.793 0.842
202102 1.300 110.968 1.516
202105 0.141 113.576 0.161
202108 0.937 115.421 1.051
202111 0.272 117.269 0.300
202202 1.145 119.703 1.238
202205 0.592 123.323 0.621
202208 1.143 124.958 1.184
202211 -0.276 125.607 -0.284
202302 -1.141 126.928 -1.163
202305 1.024 128.314 1.033
202308 1.566 129.538 1.565
202311 1.310 129.548 1.309
202402 1.407 129.419 1.407

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.


AZZ  (NYSE:AZZ) 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.


AZZ Cyclically Adjusted Price-to-FCF Related Terms

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


AZZ (AZZ) Business Description

Industry
Traded in Other Exchanges
Address
3100 West 7th Street, Suite 500, One Museum Place, Fort Worth, TX, USA, 76107
AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.
Executives
Tiffany Moseley officer: Chief Accounting Officer ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107
Ken Lavelle officer: President & GM - Electrical ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Kurt L. Russell officer: COO - Precoat Metals ONE MUSEUM PLACE, 3100 WEST 7TH STREET, SUITE 500, FORT WORTH TX 76107
Philip A Schlom officer: VP, Chief Accounting Officer C/O PARKER DRILLING COMPANY, 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
Thomas E Ferguson director, officer: President and CEO ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
David Kaden director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tara D Mackey officer: VP Chief Legal Officer ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76116
Bryan Lee Stovall officer: SVP - Metal Coatings ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Clive A Grannum director OLIN CORPORATION, 190 CARONDELET PLAZA, SUITE 1530, CLAYTON MO 63105
Carol R Jackson director 777 E. WISCONSIN AVENUE, MILWAUKEE WI 53202
Gary L. Hill officer: President & GM-Industrial ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Michael Doucet officer: SVP - Alternative Coatings ONE MUSEUM PLACE, 3100 W. 7TH STREET, SUITE 500, FORT WORTH TX 76107
Kevern R Joyce director ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Paul Wesley Fehlman other: Finance ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107
Matthew Varley Emery officer: VP CHIEF INFORMATION OFFICER ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET, FORT WORTH TX 76107