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VBG Group AB (OSTO:VBG B) Cyclically Adjusted FCF per Share : kr13.34 (As of Mar. 2024)


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What is VBG Group 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.

VBG Group AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr5.359. 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 kr13.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, VBG Group AB's average Cyclically Adjusted FCF Growth Rate was 14.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.00% 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 VBG Group AB was 9.80% per year. The lowest was 7.70% per year. And the median was 8.90% per year.

As of today (2024-05-28), VBG Group AB's current stock price is kr424.00. VBG Group AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr13.34. VBG Group AB's Cyclically Adjusted Price-to-FCF of today is 31.78.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of VBG Group AB was 31.98. The lowest was 10.83. And the median was 16.93.


VBG Group AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for VBG Group 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.

VBG Group AB Cyclically Adjusted FCF per Share Chart

VBG Group 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 8.98 10.01 10.09 11.22 12.94

VBG Group 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 11.68 12.05 12.74 12.94 13.34

Competitive Comparison of VBG Group AB's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, VBG Group 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.


VBG Group AB's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, VBG Group AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



VBG Group 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, VBG Group 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)
=5.359/132.2054*132.2054
=5.359

Current CPI (Mar. 2024) = 132.2054.

VBG Group AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.216 100.432 0.284
201409 2.627 100.161 3.467
201412 3.488 100.225 4.601
201503 1.308 99.950 1.730
201506 1.352 99.995 1.788
201509 2.682 100.228 3.538
201512 1.194 100.276 1.574
201603 3.031 100.751 3.977
201606 0.743 101.019 0.972
201609 4.239 101.138 5.541
201612 5.893 102.022 7.636
201703 3.828 102.022 4.961
201706 0.768 102.752 0.988
201709 1.316 103.279 1.685
201712 2.663 103.793 3.392
201803 2.324 103.962 2.955
201806 0.944 104.875 1.190
201809 3.431 105.679 4.292
201812 1.195 105.912 1.492
201903 3.471 105.886 4.334
201906 2.020 106.742 2.502
201909 5.883 107.214 7.254
201912 1.941 107.766 2.381
202003 4.115 106.563 5.105
202006 2.740 107.498 3.370
202009 4.063 107.635 4.990
202012 5.074 108.296 6.194
202103 1.744 108.360 2.128
202106 0.936 108.928 1.136
202109 0.544 110.338 0.652
202112 1.785 112.486 2.098
202203 1.676 114.825 1.930
202206 0.220 118.384 0.246
202209 1.392 122.296 1.505
202212 2.005 126.365 2.098
202303 4.573 127.042 4.759
202306 3.769 129.407 3.851
202309 9.694 130.224 9.842
202312 5.566 131.912 5.578
202403 5.359 132.205 5.359

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


VBG Group AB  (OSTO:VBG B) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=424.00/13.34
=31.78

* 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 VBG Group AB was 31.98. The lowest was 10.83. And the median was 16.93.


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.


VBG Group AB Cyclically Adjusted FCF per Share Related Terms

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


VBG Group AB (OSTO:VBG B) Business Description

Industry
Traded in Other Exchanges
Address
Kungsgatan 57, Box 1216, Trollhattan, SWE, SE-461 34
VBG Group AB is an international industrial group. The Parent Company VBG Group AB is a long-term owner that provides active management of the Group's three wholly owned divisions through considerable industrial expertise, a strong corporate culture and financial resilience. The Group's divisions - Truck & Trailer Equipment, Mobile Thermal Solutions and Ringfeder Power Transmission - develop, manufacture, market and sell products under strong, well-known brands all over the world.

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