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James Hardie Industries (James Hardie Industries) Cyclically Adjusted Price-to-FCF : 62.19 (As of Apr. 27, 2024)


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What is James Hardie Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), James Hardie Industries's current share price is $36.07. James Hardie Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.58. James Hardie Industries's Cyclically Adjusted Price-to-FCF for today is 62.19.

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

JHX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 36.9   Med: 65.71   Max: 101.67
Current: 64.73

During the past years, James Hardie Industries's highest Cyclically Adjusted Price-to-FCF was 101.67. The lowest was 36.90. And the median was 65.71.

JHX's Cyclically Adjusted Price-to-FCF is ranked worse than
87.96% of 191 companies
in the Building Materials industry
Industry Median: 14.8 vs JHX: 64.73

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.

James Hardie Industries's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.444. 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 $0.58 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


James Hardie Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for James Hardie Industries'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.

James Hardie Industries Cyclically Adjusted Price-to-FCF Chart

James Hardie Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.13 46.85 68.32 58.50 43.02

James Hardie Industries 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 36.86 43.02 50.75 51.02 66.82

Competitive Comparison of James Hardie Industries's Cyclically Adjusted Price-to-FCF

For the Building Materials subindustry, James Hardie Industries'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.


James Hardie Industries's Cyclically Adjusted Price-to-FCF Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, James Hardie Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



James Hardie Industries 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.

James Hardie Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=36.07/0.58
=62.19

* 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.

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

For example, James Hardie Industries'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)
=0.444/120.1096*120.1096
=0.444

Current CPI (Dec. 2023) = 120.1096.

James Hardie Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.048 100.573 0.057
201406 -0.014 100.773 -0.017
201409 -0.268 100.474 -0.320
201412 -0.024 99.576 -0.029
201503 0.088 99.975 0.106
201506 0.081 100.573 0.097
201509 0.016 100.274 0.019
201512 0.236 99.676 0.284
201603 0.087 99.676 0.105
201606 0.218 101.072 0.259
201609 -0.004 100.274 -0.005
201612 0.254 99.676 0.306
201703 0.166 100.374 0.199
201706 0.079 100.673 0.094
201709 0.090 100.474 0.108
201712 0.109 100.075 0.131
201803 -0.055 100.573 -0.066
201806 0.090 101.072 0.107
201809 0.010 101.371 0.012
201812 0.077 100.773 0.092
201903 -0.207 101.670 -0.245
201906 0.173 102.168 0.203
201909 0.116 102.268 0.136
201912 0.227 102.068 0.267
202003 0.057 102.367 0.067
202006 0.364 101.769 0.430
202009 0.472 101.072 0.561
202012 0.515 101.072 0.612
202103 0.167 102.367 0.196
202106 0.316 103.364 0.367
202109 0.244 104.859 0.279
202112 0.290 106.653 0.327
202203 0.271 109.245 0.298
202206 -0.046 112.734 -0.049
202209 -0.056 113.431 -0.059
202212 0.060 115.425 0.062
202303 0.078 117.618 0.080
202306 0.286 119.611 0.287
202309 0.226 120.708 0.225
202312 0.444 120.110 0.444

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.


James Hardie Industries  (NYSE:JHX) 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.


James Hardie Industries Cyclically Adjusted Price-to-FCF Related Terms

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James Hardie Industries (James Hardie Industries) Business Description

Address
Harcourt Street, Europa House, 2nd Floor, Harcourt Centre, Dublin, IRL, D02 WR20
James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for siding. Asia-Pacific businesses in Australia, New Zealand, and the Philippines, as well as Europe, make up the rest of earnings. In 2018, the group acquired Fermacell, a fiber gypsum building products business headquartered in Germany with operations throughout Europe.