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SKF AB (SKF AB) Cyclically Adjusted FCF per Share : $1.08 (As of Mar. 2024)


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What is SKF 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.

SKF AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.165. 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 $1.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SKF AB's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.80% 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 SKF AB was 3.80% per year. The lowest was -0.30% per year. And the median was 1.80% per year.

As of today (2024-04-30), SKF AB's current stock price is $20.62. SKF AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.08. SKF AB's Cyclically Adjusted Price-to-FCF of today is 19.09.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SKF AB was 26.47. The lowest was 12.56. And the median was 18.10.


SKF AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SKF 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.

SKF AB Cyclically Adjusted FCF per Share Chart

SKF 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 1.04 1.19 1.08 0.94 1.10

SKF 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 1.01 0.99 1.01 1.10 1.08

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

For the Tools & Accessories subindustry, SKF 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.


SKF AB's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



SKF 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, SKF 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)
=0.165/130.9575*130.9575
=0.165

Current CPI (Mar. 2024) = 130.9575.

SKF AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.467 100.432 -0.609
201409 0.453 100.161 0.592
201412 0.630 100.225 0.823
201503 0.215 99.950 0.282
201506 0.163 99.995 0.213
201509 0.475 100.228 0.621
201512 0.556 100.276 0.726
201603 0.134 100.751 0.174
201606 0.288 101.019 0.373
201609 0.400 101.138 0.518
201612 0.369 102.022 0.474
201703 0.003 102.022 0.004
201706 0.355 102.752 0.452
201709 0.187 103.279 0.237
201712 0.452 103.793 0.570
201803 0.042 103.962 0.053
201806 0.544 104.875 0.679
201809 0.328 105.679 0.406
201812 0.446 105.912 0.551
201903 0.157 105.886 0.194
201906 0.338 106.742 0.415
201909 0.474 107.214 0.579
201912 0.339 107.766 0.412
202003 0.412 106.563 0.506
202006 -0.247 107.498 -0.301
202009 0.544 107.635 0.662
202012 0.499 108.296 0.603
202103 -0.181 108.360 -0.219
202106 0.123 108.928 0.148
202109 0.373 110.338 0.443
202112 0.029 112.486 0.034
202203 -0.317 114.825 -0.362
202206 -0.052 118.384 -0.058
202209 -0.026 122.296 -0.028
202212 0.450 126.365 0.466
202303 0.261 127.042 0.269
202306 0.412 129.407 0.417
202309 0.456 130.224 0.459
202312 0.526 130.958 0.526
202403 0.165 130.958 0.165

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


SKF AB  (OTCPK:SKFRY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.62/1.08
=19.09

* 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 SKF AB was 26.47. The lowest was 12.56. And the median was 18.10.


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.


SKF AB Cyclically Adjusted FCF per Share Related Terms

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


SKF AB (SKF AB) Business Description

Industry
Address
Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50
SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.