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Flowserve (Flowserve) Cyclically Adjusted Price-to-FCF : 24.61 (As of Apr. 27, 2024)


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What is Flowserve Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Flowserve's current share price is $46.76. Flowserve's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.90. Flowserve's Cyclically Adjusted Price-to-FCF for today is 24.61.

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

FLS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.27   Med: 21.58   Max: 54.15
Current: 24.63

During the past years, Flowserve's highest Cyclically Adjusted Price-to-FCF was 54.15. The lowest was 10.27. And the median was 21.58.

FLS's Cyclically Adjusted Price-to-FCF is ranked better than
62.25% of 1020 companies
in the Industrial Products industry
Industry Median: 32.64 vs FLS: 24.63

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.

Flowserve's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.323. 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 $1.90 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flowserve Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Flowserve'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.

Flowserve Cyclically Adjusted Price-to-FCF Chart

Flowserve 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 25.05 18.16 13.65 15.59 21.71

Flowserve Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 15.59 15.92 17.52 19.05 21.71

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

For the Specialty Industrial Machinery subindustry, Flowserve'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.


Flowserve's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Flowserve 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=46.76/1.9
=24.61

* 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.

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

For example, Flowserve'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)
=1.323/129.4194*129.4194
=1.323

Current CPI (Dec. 2023) = 129.4194.

Flowserve Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.838 99.695 -1.088
201406 0.372 100.560 0.479
201409 0.808 100.428 1.041
201412 3.034 99.070 3.963
201503 -1.303 99.621 -1.693
201506 0.604 100.684 0.776
201509 0.663 100.392 0.855
201512 2.029 99.792 2.631
201603 -0.220 100.470 -0.283
201606 0.020 101.688 0.025
201609 0.251 101.861 0.319
201612 1.100 101.863 1.398
201703 -0.091 102.862 -0.114
201706 0.221 103.349 0.277
201709 0.111 104.136 0.138
201712 1.657 104.011 2.062
201803 -1.024 105.290 -1.259
201806 0.349 106.317 0.425
201809 0.494 106.507 0.600
201812 0.993 105.998 1.212
201903 0.212 107.251 0.256
201906 -0.029 108.070 -0.035
201909 0.560 108.329 0.669
201912 1.142 108.420 1.363
202003 0.240 108.902 0.285
202006 -0.309 108.767 -0.368
202009 0.586 109.815 0.691
202012 1.415 109.897 1.666
202103 0.190 111.754 0.220
202106 0.106 114.631 0.120
202109 0.599 115.734 0.670
202112 0.597 117.630 0.657
202203 -0.313 121.301 -0.334
202206 -0.469 125.017 -0.486
202209 -0.403 125.227 -0.416
202212 0.297 125.222 0.307
202303 0.086 127.348 0.087
202306 0.055 128.729 0.055
202309 0.493 129.860 0.491
202312 1.323 129.419 1.323

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.


Flowserve  (NYSE:FLS) 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.


Flowserve Cyclically Adjusted Price-to-FCF Related Terms

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


Flowserve (Flowserve) Business Description

Industry
Traded in Other Exchanges
Address
5215 North O’Connor Boulevard, Suite 700, Irving, TX, USA, 75039
Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several global industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a worldwide network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, advanced diagnostics, repair, and retrofitting. Sales are roughly split across many global regions, with North America and Europe contributing the majority of total revenue.
Executives
Thomas B Okray director 5008 AIRPORT ROAD NW, ROANOKE VA 24012
Kenneth I Siegel director 667 MADISON AVENUE, NEW YORK NY 10065
Susan Claire Hudson officer: Chief Legal Officer 5215 N O CONNOR BLVD, # 700, IRVING TX 75039
Lamar L. Duhon officer: President, AMSS 5215 N. O'CONNOR BLVD., SUITE 700, IRVING TX 75039
Kirk Wilson officer: President, AMSS 5215 NORTH O'CONNOR BLVD #2300, IRVING TX 75039
Tamara Morytko officer: President, FPD 1250 NE LOOP 410, SUITE 1000, SAN ANTONIO TX 78209
Carlyn R. Taylor director 5215 N. O'CONNOR BLVD., SUITE 2300, IRVING TX 75039
Scott K Vopni officer: Chief Accounting Officer 2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204
Sanjay Chowbey officer: President, AMSS 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219
Amy B Schwetz officer: Chief Financial Officer 701 MARKET STREET, ST. LOUIS MO 63101
Sujeet Chand director ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Lanesha Minnix officer: SVP, Chief Legal Officer TWO LAKESIDE COMMONS, BUILDING TWO, 980 HAMMOND DRIVE, SUITE 500, ATLANTA GA 30328
John Lenander officer: President, FCO 5215 NORTH O'CONNOR BLVD SUITE 2300, IRVING TX 75039
Michael C. Mcmurray director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Garrison John L Jr director C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880