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AMSC ASA (AMSC ASA) Cyclically Adjusted FCF per Share : $0.58 (As of Mar. 2024)


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What is AMSC ASA Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

AMSC ASA's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.005. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AMSC ASA's average Cyclically Adjusted FCF Growth Rate was -12.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -4.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of AMSC ASA was -1.70% per year. The lowest was -5.50% per year. And the median was -2.70% per year.

As of today (2024-06-10), AMSC ASA's current stock price is $2.76. AMSC ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.58. AMSC ASA's Cyclically Adjusted Price-to-FCF of today is 4.76.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AMSC ASA was 6.35. The lowest was 2.20. And the median was 4.04.


AMSC ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AMSC ASA's Cyclically Adjusted FCF per Share 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.

AMSC ASA Cyclically Adjusted FCF per Share Chart

AMSC ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.94 0.96 0.78 0.64

AMSC ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 0.69 0.66 0.64 0.64 0.58

Competitive Comparison of AMSC ASA's Cyclically Adjusted FCF per Share

For the Marine Shipping subindustry, AMSC ASA'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.


AMSC ASA's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, AMSC ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AMSC ASA Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.005/132.6000*132.6000
=-0.005

Current CPI (Mar. 2024) = 132.6000.

AMSC ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.153 97.500 0.208
201409 0.156 98.500 0.210
201412 0.236 98.600 0.317
201503 0.179 99.200 0.239
201506 0.191 100.100 0.253
201509 0.221 100.600 0.291
201512 0.301 100.900 0.396
201603 0.230 102.500 0.298
201606 0.240 103.800 0.307
201609 0.112 104.200 0.143
201612 0.377 104.400 0.479
201703 0.183 105.000 0.231
201706 0.246 105.800 0.308
201709 0.103 105.900 0.129
201712 0.297 106.100 0.371
201803 0.098 107.300 0.121
201806 0.294 108.500 0.359
201809 0.121 109.500 0.147
201812 0.316 109.800 0.382
201903 0.025 110.400 0.030
201906 0.287 110.600 0.344
201909 0.145 111.100 0.173
201912 0.136 111.300 0.162
202003 0.088 111.200 0.105
202006 0.297 112.100 0.351
202009 0.023 112.900 0.027
202012 0.257 112.900 0.302
202103 0.255 114.600 0.295
202106 0.247 115.300 0.284
202109 0.159 117.500 0.179
202112 0.319 118.900 0.356
202203 0.155 119.800 0.172
202206 0.328 122.600 0.355
202209 -0.328 125.600 -0.346
202212 -0.225 125.900 -0.237
202303 -0.023 127.600 -0.024
202306 0.408 130.400 0.415
202309 -0.025 129.800 -0.026
202312 -0.453 131.900 -0.455
202403 -0.005 132.600 -0.005

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


AMSC ASA  (OTCPK:ASCJF) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

AMSC ASA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.76/0.58
=4.76

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AMSC ASA was 6.35. The lowest was 2.20. And the median was 4.04.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


AMSC ASA Cyclically Adjusted FCF per Share Related Terms

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


AMSC ASA (AMSC ASA) Business Description

Industry
Traded in Other Exchanges
Address
Oksenoyveien 10, Building B, Lysaker, Baerum, NOR, 1366
AMSC ASA is a ship finance company focused on owning and bareboat chartering maritime assets. The company owns a fleet of nine modern handy size product tankers, one modern handy size shuttle tanker and an international subsea construction vessel. AMSC charters its vessels on long term bareboat charters that provide stable, predictable cash flow. Its operating segment includes U.S Jones Act Tankers and Offshore.