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Bayerische Motoren Werke AG (CHIX:BMW3D) Cyclically Adjusted FCF per Share : €2.60 (As of Mar. 2024)


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What is Bayerische Motoren Werke AG 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.

Bayerische Motoren Werke AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.500. 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 €2.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bayerische Motoren Werke AG's average Cyclically Adjusted FCF Growth Rate was 25.30% 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 Bayerische Motoren Werke AG was 30.70% per year. The lowest was 11.20% per year. And the median was 20.95% per year.

As of today (2024-05-25), Bayerische Motoren Werke AG's current stock price is €102.30. Bayerische Motoren Werke AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.60. Bayerische Motoren Werke AG's Cyclically Adjusted Price-to-FCF of today is 39.35.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bayerische Motoren Werke AG was 87.90. The lowest was 29.90. And the median was 45.81.


Bayerische Motoren Werke AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bayerische Motoren Werke AG'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.

Bayerische Motoren Werke AG Cyclically Adjusted FCF per Share Chart

Bayerische Motoren Werke AG 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 - - - - 2.42

Bayerische Motoren Werke AG 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 0.64 0.60 2.76 2.42 2.60

Competitive Comparison of Bayerische Motoren Werke AG's Cyclically Adjusted FCF per Share

For the Auto Manufacturers subindustry, Bayerische Motoren Werke AG'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.


Bayerische Motoren Werke AG's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bayerische Motoren Werke AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bayerische Motoren Werke AG's Cyclically Adjusted Price-to-FCF falls into.



Bayerische Motoren Werke AG 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, Bayerische Motoren Werke AG'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)
=0.5/125.0381*125.0381
=0.500

Current CPI (Mar. 2024) = 125.0381.

Bayerische Motoren Werke AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.333 99.543 -1.674
201409 -0.808 99.823 -1.012
201412 -2.961 99.543 -3.719
201503 0.297 99.717 0.372
201506 -2.465 100.417 -3.069
201509 -1.394 100.417 -1.736
201512 -3.947 99.717 -4.949
201603 -1.194 100.017 -1.493
201606 0.405 100.717 0.503
201609 -1.291 101.017 -1.598
201612 -1.955 101.217 -2.415
201703 -1.085 101.417 -1.338
201706 0.347 102.117 0.425
201709 1.307 102.717 1.591
201712 -2.400 102.617 -2.924
201803 -0.972 102.917 -1.181
201806 1.141 104.017 1.372
201809 -0.366 104.718 -0.437
201812 -3.954 104.217 -4.744
201903 -0.664 104.217 -0.797
201906 -2.123 105.718 -2.511
201909 -0.522 106.018 -0.616
201912 -1.615 105.818 -1.908
202003 -1.052 105.718 -1.244
202006 7.784 106.618 9.129
202009 3.546 105.818 4.190
202012 0.522 105.518 0.619
202103 4.501 107.518 5.234
202106 4.965 108.486 5.723
202109 6.066 109.435 6.931
202112 -2.208 110.384 -2.501
202203 2.750 113.968 3.017
202206 9.534 115.760 10.298
202209 8.769 118.818 9.228
202212 1.504 119.345 1.576
202303 7.330 122.402 7.488
202306 1.542 123.140 1.566
202309 5.162 124.195 5.197
202312 -5.860 123.773 -5.920
202403 0.500 125.038 0.500

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


Bayerische Motoren Werke AG  (CHIX:BMW3d) 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.

Bayerische Motoren Werke AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=102.30/2.6
=39.35

* 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 Bayerische Motoren Werke AG was 87.90. The lowest was 29.90. And the median was 45.81.


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.


Bayerische Motoren Werke AG Cyclically Adjusted FCF per Share Related Terms

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


Bayerische Motoren Werke AG (CHIX:BMW3D) Business Description

Address
Petuelring 130, Munich, BY, DEU, 80809
In addition to being one of the world's leading premium light-vehicle manufacturers, BMW Group produces BMW motorcycles and provides financial services. Premium light-vehicle brands include BMW, Mini, and ultraluxury brand Rolls-Royce. Operations include 31 production facilities in 15 countries, research and development facilities in 17 countries, and a sales network reaching over 140 countries. In 2022, worldwide sales volume roughly 2.4 million automobiles and about 216,000 motorcycles.

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