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SSAB AB (LTS:0KII) Cyclically Adjusted FCF per Share : kr6.74 (As of Mar. 2024)


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What is SSAB AB 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.

SSAB AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr-0.254. 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 kr6.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SSAB AB's average Cyclically Adjusted FCF Growth Rate was 22.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.20% 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 SSAB AB was 20.50% per year. The lowest was -0.60% per year. And the median was 13.40% per year.

As of today (2024-05-21), SSAB AB's current stock price is kr63.18. SSAB AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr6.74. SSAB AB's Cyclically Adjusted Price-to-FCF of today is 9.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SSAB AB was 18.22. The lowest was 5.95. And the median was 10.73.


SSAB AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SSAB AB'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.

SSAB AB Cyclically Adjusted FCF per Share Chart

SSAB AB 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 3.49 3.70 4.12 5.08 6.54

SSAB AB 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 5.32 5.64 6.08 6.54 6.74

Competitive Comparison of SSAB AB's Cyclically Adjusted FCF per Share

For the Steel subindustry, SSAB AB'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.


SSAB AB's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, SSAB AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



SSAB AB 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, SSAB AB'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)
=-0.254/132.2054*132.2054
=-0.254

Current CPI (Mar. 2024) = 132.2054.

SSAB AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.476 100.432 0.627
201409 -0.747 100.161 -0.986
201412 0.862 100.225 1.137
201503 0.434 99.950 0.574
201506 0.946 99.995 1.251
201509 -0.592 100.228 -0.781
201512 1.688 100.276 2.225
201603 -0.324 100.751 -0.425
201606 0.868 101.019 1.136
201609 0.586 101.138 0.766
201612 0.917 102.022 1.188
201703 0.566 102.022 0.733
201706 0.559 102.752 0.719
201709 1.243 103.279 1.591
201712 2.532 103.793 3.225
201803 0.274 103.962 0.348
201806 0.869 104.875 1.095
201809 1.589 105.679 1.988
201812 1.443 105.912 1.801
201903 0.652 105.886 0.814
201906 0.582 106.742 0.721
201909 0.407 107.214 0.502
201912 0.691 107.766 0.848
202003 -0.661 106.563 -0.820
202006 -0.054 107.498 -0.066
202009 0.069 107.635 0.085
202012 2.746 108.296 3.352
202103 1.175 108.360 1.434
202106 3.125 108.928 3.793
202109 2.702 110.338 3.237
202112 4.157 112.486 4.886
202203 2.622 114.825 3.019
202206 4.782 118.384 5.340
202209 -0.268 122.296 -0.290
202212 5.689 126.365 5.952
202303 2.071 127.042 2.155
202306 3.783 129.407 3.865
202309 4.948 130.224 5.023
202312 3.674 131.912 3.682
202403 -0.254 132.205 -0.254

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


SSAB AB  (LTS:0KII) 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.

SSAB AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=63.18/6.74
=9.37

* 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 SSAB AB was 18.22. The lowest was 5.95. And the median was 10.73.


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.


SSAB AB Cyclically Adjusted FCF per Share Related Terms

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


SSAB AB (LTS:0KII) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SSAB AB (LTS:0KII) » Definitions » Cyclically Adjusted FCF per Share
Address
Klarabergsviadukten 70, D6, Box 70, Stockholm, SWE, SE-101 21
SSAB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB primarily serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates most of its revenue from Europe and North America.

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