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Basf SE (STU:BASA) Cyclically Adjusted FCF per Share : €0.98 (As of Mar. 2024)


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What is Basf SE 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.

Basf SE's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.408. 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 €0.98 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Basf SE's average Cyclically Adjusted FCF Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 3.40% 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 Basf SE was 21.90% per year. The lowest was -0.70% per year. And the median was 5.30% per year.

As of today (2024-05-24), Basf SE's current stock price is €12.20. Basf SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.98. Basf SE's Cyclically Adjusted Price-to-FCF of today is 12.45.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Basf SE was 31.92. The lowest was 10.17. And the median was 18.77.


Basf SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Basf SE'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.

Basf SE Cyclically Adjusted FCF per Share Chart

Basf SE 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 0.99 0.93 0.97 1.03 1.07

Basf SE 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 1.00 0.96 0.99 1.07 0.98

Competitive Comparison of Basf SE's Cyclically Adjusted FCF per Share

For the Chemicals subindustry, Basf SE'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.


Basf SE's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Basf SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Basf SE 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, Basf SE'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)
=-0.408/125.0381*125.0381
=-0.408

Current CPI (Mar. 2024) = 125.0381.

Basf SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.070 99.543 -0.088
201409 0.227 99.823 0.284
201412 0.086 99.543 0.108
201503 0.303 99.717 0.380
201506 0.323 100.417 0.402
201509 0.490 100.417 0.610
201512 -0.128 99.717 -0.161
201603 0.012 100.017 0.015
201606 0.358 100.717 0.444
201609 0.427 101.017 0.529
201612 0.175 101.217 0.216
201703 0.018 101.417 0.022
201706 0.570 102.117 0.698
201709 0.768 102.717 0.935
201712 -0.055 102.617 -0.067
201803 0.164 102.917 0.199
201806 0.381 104.017 0.458
201809 0.531 104.718 0.634
201812 0.024 104.217 0.029
201903 -0.100 104.217 -0.120
201906 0.263 105.718 0.311
201909 0.292 106.018 0.344
201912 0.536 105.818 0.633
202003 -0.435 105.718 -0.514
202006 0.414 106.618 0.486
202009 0.371 105.818 0.438
202012 0.271 105.518 0.321
202103 -0.267 107.518 -0.311
202106 0.482 108.486 0.556
202109 0.292 109.435 0.334
202112 0.500 110.384 0.566
202203 -0.245 113.968 -0.269
202206 0.093 115.760 0.100
202209 0.361 118.818 0.380
202212 0.721 119.345 0.755
202303 -0.527 122.402 -0.538
202306 0.253 123.140 0.257
202309 0.410 124.195 0.413
202312 0.618 123.773 0.624
202403 -0.408 125.038 -0.408

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


Basf SE  (STU:BASA) 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.

Basf SE's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.20/0.98
=12.45

* 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 Basf SE was 31.92. The lowest was 10.17. And the median was 18.77.


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.


Basf SE Cyclically Adjusted FCF per Share Related Terms

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


Basf SE (STU:BASA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Basf SE (STU:BASA) » Definitions » Cyclically Adjusted FCF per Share
Address
Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, DEU, 67056
Founded in 1865 and based in Germany, BASF is the world's largest chemical company, with products spanning the full spectrum of commodities to specialties. In addition, the company is a strong player in agricultural crop protection chemicals and emissions control catalysts for cars and trucks. Given its sheer size, BASF has a top-three market position in approximately 70% of its businesses.