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Adecco Group AG (LSE:0N34) Cyclically Adjusted FCF per Share : CHF0.00 (As of Mar. 2024)


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What is Adecco Group AG Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Adecco Group AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was CHF-0.488. 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 CHF0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Adecco Group AG's average Cyclically Adjusted FCF Growth Rate was -3.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 0.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.00% 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 Adecco Group AG was 23.60% per year. The lowest was -7.20% per year. And the median was 1.05% per year.

As of today (2024-06-03), Adecco Group AG's current stock price is CHF131.25. Adecco Group AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was CHF0.00. Adecco Group AG's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Adecco Group AG was 20.01. The lowest was 6.68. And the median was 14.75.


Adecco Group AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Adecco Group 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.

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Adecco Group AG Cyclically Adjusted FCF per Share Chart

Adecco Group AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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Adecco Group AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Adecco Group AG's Cyclically Adjusted FCF per Share

For the Staffing & Employment Services subindustry, Adecco Group 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.


Adecco Group AG's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Adecco Group AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Adecco Group 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, Adecco Group 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)
=-0.488/107.3549*107.3549
=-0.488

Current CPI (Mar. 2024) = 107.3549.

Adecco Group AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.740 101.517 0.783
201409 1.626 101.247 1.724
201412 1.692 100.704 1.804
201503 0.196 100.339 0.210
201506 0.739 100.464 0.790
201509 1.589 99.785 1.710
201512 1.590 99.386 1.717
201603 -0.332 99.475 -0.358
201606 0.947 100.088 1.016
201609 1.181 99.604 1.273
201612 1.840 99.380 1.988
201703 0.576 100.040 0.618
201706 1.252 100.285 1.340
201709 1.003 100.254 1.074
201712 1.047 100.213 1.122
201803 -0.121 100.836 -0.129
201806 1.639 101.435 1.735
201809 0.798 101.246 0.846
201812 1.207 100.906 1.284
201903 0.817 101.571 0.864
201906 0.697 102.044 0.733
201909 0.812 101.396 0.860
201912 2.010 101.063 2.135
202003 0.173 101.048 0.184
202006 1.810 100.743 1.929
202009 0.644 100.585 0.687
202012 0.657 100.241 0.704
202103 0.535 100.800 0.570
202106 0.499 101.352 0.529
202109 1.162 101.533 1.229
202112 1.243 101.776 1.311
202203 0.095 103.205 0.099
202206 -0.730 104.783 -0.748
202209 0.256 104.835 0.262
202212 2.106 104.666 2.160
202303 -0.888 106.245 -0.897
202306 0.148 106.576 0.149
202309 1.298 106.570 1.308
202312 1.204 106.461 1.214
202403 -0.488 107.355 -0.488

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


Adecco Group AG  (LSE:0N34) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Adecco Group AG was 20.01. The lowest was 6.68. And the median was 14.75.


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.


Adecco Group AG Cyclically Adjusted FCF per Share Related Terms

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


Adecco Group AG (LSE:0N34) Business Description

Industry
Traded in Other Exchanges
Address
Bellerivestrasse 30, Zurich, CHE, CH-8008
Adecco Group AG is a provider of human capital solutions including Flexible placement, Permanent placement, Career Transition, Outsourcing, Consulting Services in engineering, Digital and IT, Talent services, Training, Up/ Re-skilling and Other services. It is organised into three business units Adecco, Akkodis and LHH. The company provides services to businesses and organisations located throughout Europe, North America, Asia Pacific, South America, and North Africa.

Adecco Group AG (LSE:0N34) Headlines

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