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Vestum AB (OSTO:VESTUM) Cyclically Adjusted FCF per Share : kr-34.78 (As of Mar. 2024)


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What is Vestum 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.

Vestum AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr0.499. 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 kr-34.78 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 28.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.60% 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 Vestum AB was 28.60% per year. The lowest was -42.20% per year. And the median was -2.90% per year.

As of today (2024-05-24), Vestum AB's current stock price is kr9.31. Vestum AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr-34.78. Vestum AB's Cyclically Adjusted Price-to-FCF of today is .


Vestum AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Vestum 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.

Vestum AB Cyclically Adjusted FCF per Share Chart

Vestum 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 -80.96 -122.38 -110.52 -88.17 -44.87

Vestum 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 -63.65 -67.15 -51.64 -44.87 -34.78

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

For the Engineering & Construction subindustry, Vestum 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.


Vestum AB's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Vestum AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Vestum 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, Vestum 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)
=0.499/132.2054*132.2054
=0.499

Current CPI (Mar. 2024) = 132.2054.

Vestum AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 45.540 100.432 59.947
201409 -93.791 100.161 -123.798
201412 -0.760 100.225 -1.003
201503 -32.031 99.950 -42.368
201506 7.292 99.995 9.641
201509 -55.784 100.228 -73.582
201512 1.896 100.276 2.500
201603 -40.224 100.751 -52.782
201606 5.255 101.019 6.877
201609 -58.042 101.138 -75.872
201612 7.932 102.022 10.279
201703 -26.402 102.022 -34.213
201706 0.097 102.752 0.125
201709 -13.599 103.279 -17.408
201712 -2.444 103.793 -3.113
201803 -1.825 103.962 -2.321
201806 -2.634 104.875 -3.320
201809 -4.934 105.679 -6.172
201812 0.559 105.912 0.698
201903 -2.698 105.886 -3.369
201906 -0.612 106.742 -0.758
201909 -0.535 107.214 -0.660
201912 0.060 107.766 0.074
202003 -0.218 106.563 -0.270
202006 -0.005 107.498 -0.006
202009 0.013 107.635 0.016
202012 -0.114 108.296 -0.139
202103 0.052 108.360 0.063
202106 0.009 108.928 0.011
202109 -0.077 110.338 -0.092
202112 0.031 112.486 0.036
202203 0.306 114.825 0.352
202206 0.172 118.384 0.192
202209 0.063 122.296 0.068
202212 0.460 126.365 0.481
202303 0.311 127.042 0.324
202306 0.114 129.407 0.116
202309 0.695 130.224 0.706
202312 0.459 131.912 0.460
202403 0.499 132.205 0.499

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


Vestum AB  (OSTO:VESTUM) 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.


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.


Vestum AB Cyclically Adjusted FCF per Share Related Terms

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


Vestum AB (OSTO:VESTUM) Business Description

Industry
Traded in Other Exchanges
Address
Riddargatan 10, Stockholm, SWE, 114 35
Vestum AB is an acquisition-driven group that acquires and develops companies in construction, and infrastructure industries within the segments Water, Services and Infrastructure. The segment Water includes companies with a focus on improving the service sector for water infrastructure, Service segment includes companies that provide various services for the construction services industry, and Infra segment includes companies that work in areas such as civil engineering, water & sewage, roads, bridges, etc. Infra segment contributes majorily to the revenue of the company.

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