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Spirax-Sarco Engineering (Spirax-Sarco Engineering) Cyclically Adjusted Price-to-FCF : 38.61 (As of Apr. 27, 2024)


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What is Spirax-Sarco Engineering Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Spirax-Sarco Engineering's current share price is $113.50. Spirax-Sarco Engineering's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $2.94. Spirax-Sarco Engineering's Cyclically Adjusted Price-to-FCF for today is 38.61.

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

SPXSF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 37   Med: 56.57   Max: 104.57
Current: 37.5

During the past 13 years, Spirax-Sarco Engineering's highest Cyclically Adjusted Price-to-FCF was 104.57. The lowest was 37.00. And the median was 56.57.

SPXSF's Cyclically Adjusted Price-to-FCF is ranked worse than
56.69% of 1016 companies
in the Industrial Products industry
Industry Median: 32.505 vs SPXSF: 37.50

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.

Spirax-Sarco Engineering's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $3.314. 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 $2.94 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spirax-Sarco Engineering Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Spirax-Sarco Engineering'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.

Spirax-Sarco Engineering Cyclically Adjusted Price-to-FCF Chart

Spirax-Sarco Engineering 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 63.02 69.24 82.21 48.85 44.51

Spirax-Sarco Engineering Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 82.21 - 48.85 - 44.51

Competitive Comparison of Spirax-Sarco Engineering's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Spirax-Sarco Engineering'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.


Spirax-Sarco Engineering's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Spirax-Sarco Engineering 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.

Spirax-Sarco Engineering's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=113.50/2.94
=38.61

* 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.

Spirax-Sarco Engineering's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Spirax-Sarco Engineering's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=3.314/130.0000*130.0000
=3.314

Current CPI (Dec23) = 130.0000.

Spirax-Sarco Engineering Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.634 99.900 2.126
201512 1.949 100.400 2.524
201612 2.091 102.200 2.660
201712 2.198 105.000 2.721
201812 2.902 107.100 3.523
201912 2.926 108.500 3.506
202012 3.812 109.400 4.530
202112 3.766 114.700 4.268
202212 2.040 125.300 2.117
202312 3.314 130.000 3.314

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.


Spirax-Sarco Engineering  (OTCPK:SPXSF) 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.


Spirax-Sarco Engineering Cyclically Adjusted Price-to-FCF Related Terms

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


Spirax-Sarco Engineering (Spirax-Sarco Engineering) Business Description

Traded in Other Exchanges
Address
Cirencester Road, Charlton House, Cheltenham, Gloucestershire, GBR, GL53 8ER
Spirax-Sarco is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax-Sarco has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.

Spirax-Sarco Engineering (Spirax-Sarco Engineering) Headlines