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


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What is Emera Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Emera Cyclically Adjusted Price-to-FCF Historical Data

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

Emera Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Emera Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Emera's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, Emera'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.


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

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

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



Emera 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.

Emera's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Emera's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.132/125.4675*125.4675
=1.132

Current CPI (Dec. 2023) = 125.4675.

Emera Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.404 98.604 0.514
201406 1.335 99.473 1.684
201409 0.357 99.394 0.451
201412 -0.106 98.367 -0.135
201503 0.198 99.789 0.249
201506 0.681 100.500 0.850
201509 0.559 100.421 0.698
201512 -0.109 99.947 -0.137
201603 0.476 101.054 0.591
201606 0.779 102.002 0.958
201609 0.021 101.765 0.026
201612 -1.025 101.449 -1.268
201703 -0.489 102.634 -0.598
201706 -0.363 103.029 -0.442
201709 0.753 103.345 0.914
201712 -1.065 103.345 -1.293
201803 0.281 105.004 0.336
201806 -0.589 105.557 -0.700
201809 -0.179 105.636 -0.213
201812 -1.018 105.399 -1.212
201903 -0.489 106.979 -0.574
201906 -0.502 107.690 -0.585
201909 -0.069 107.611 -0.080
201912 -1.976 107.769 -2.301
202003 -0.660 107.927 -0.767
202006 -1.059 108.401 -1.226
202009 -0.343 108.164 -0.398
202012 -0.916 108.559 -1.059
202103 -0.558 110.298 -0.635
202106 -0.608 111.720 -0.683
202109 -0.372 112.905 -0.413
202112 -2.033 113.774 -2.242
202203 0.241 117.646 0.257
202206 -1.323 120.806 -1.374
202209 -1.071 120.648 -1.114
202212 -2.555 120.964 -2.650
202303 -0.496 122.702 -0.507
202306 -0.596 124.203 -0.602
202309 2.342 125.230 2.346
202312 1.132 125.468 1.132

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.


Emera  (OTCPK:EMRAF) 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.


Emera Cyclically Adjusted Price-to-FCF Related Terms

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Emera (EMRAF) Business Description

Industry
Address
5151 Terminal Road, Emera Place, Halifax, NS, CAN, B3J 1A1
Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.