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Digital Bros SpA (LTS:0N8R) Cyclically Adjusted FCF per Share : €0.19 (As of Dec. 2023)


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What is Digital Bros SpA 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.

Digital Bros SpA's adjusted free cash flow per share for the three months ended in Dec. 2023 was €-0.132. 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 €0.19 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Digital Bros SpA's average Cyclically Adjusted FCF Growth Rate was -66.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -22.00% 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 Digital Bros SpA was 9.10% per year. The lowest was -22.00% per year. And the median was -6.45% per year.

As of today (2024-05-21), Digital Bros SpA's current stock price is €10.40. Digital Bros SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.19. Digital Bros SpA's Cyclically Adjusted Price-to-FCF of today is 54.74.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Digital Bros SpA was 63.03. The lowest was 6.78. And the median was 32.57.


Digital Bros SpA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Digital Bros SpA'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.

Digital Bros SpA Cyclically Adjusted FCF per Share Chart

Digital Bros SpA Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.59 0.96 0.65 0.29

Digital Bros SpA 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 0.50 0.29 0.28 0.19 -

Competitive Comparison of Digital Bros SpA's Cyclically Adjusted FCF per Share

For the Electronic Gaming & Multimedia subindustry, Digital Bros SpA'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.


Digital Bros SpA's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Digital Bros SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Digital Bros SpA's Cyclically Adjusted Price-to-FCF falls into.



Digital Bros SpA 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, Digital Bros SpA's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.132/119.7000*119.7000
=-0.132

Current CPI (Dec. 2023) = 119.7000.

Digital Bros SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.190 99.907 0.228
201406 0.221 100.093 0.264
201409 0.727 99.814 0.872
201412 -0.405 99.721 -0.486
201503 0.458 99.814 0.549
201506 0.169 100.279 0.202
201509 -0.411 100.000 -0.492
201512 0.130 99.814 0.156
201603 -0.462 99.600 -0.555
201606 1.609 99.900 1.928
201609 0.175 100.100 0.209
201612 0.185 100.300 0.221
201703 -0.047 101.000 -0.056
201706 0.412 101.100 0.488
201709 0.000 101.200 0.000
201712 0.000 101.200 0.000
201803 0.000 101.800 0.000
201806 0.000 102.400 0.000
201809 -0.373 102.600 -0.435
201812 -0.248 102.300 -0.290
201903 -0.508 102.800 -0.592
201906 0.036 103.100 0.042
201909 0.299 102.900 0.348
201912 0.471 102.800 0.548
202003 0.180 102.900 0.209
202006 0.619 102.900 0.720
202009 0.570 102.300 0.667
202012 0.740 102.600 0.863
202103 0.808 103.700 0.933
202106 0.894 104.200 1.027
202109 -0.409 104.900 -0.467
202112 -0.929 106.600 -1.043
202203 -0.386 110.400 -0.419
202206 -0.678 112.500 -0.721
202209 -1.243 114.200 -1.303
202212 0.140 119.000 0.141
202303 0.033 118.800 0.033
202306 -1.502 119.700 -1.502
202309 -0.479 120.300 -0.477
202312 -0.132 119.700 -0.132

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


Digital Bros SpA  (LTS:0N8R) 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.

Digital Bros SpA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.40/0.19
=54.74

* 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 Digital Bros SpA was 63.03. The lowest was 6.78. And the median was 32.57.


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.


Digital Bros SpA Cyclically Adjusted FCF per Share Related Terms

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


Digital Bros SpA (LTS:0N8R) Business Description

Traded in Other Exchanges
Address
Via Tortona, 37, Milan, ITA, 20144
Digital Bros SpA develops, publishes, distributes, and markets video games. The company operates in various business segments that are Premium Games; Free to Play; Italian Distribution; Other activities and Holding. It generates maximum revenue from the Premium Games segment. Premium Games operations consist of the acquisition of video game content exploitation rights from developers and the subsequent distribution of the games through a traditional international retail sales network and via digital marketplaces such as Steam, Sony PlayStation Network, Microsoft Xbox Live, Epic Game Store, and others. Geographically, it derives a majority of revenue from the Americas.

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