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Danske Bank A/S (CHIX:DANSKC) Cyclically Adjusted Price-to-FCF : 9.00 (As of May. 24, 2024)


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What is Danske Bank A/S Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Danske Bank A/S's current share price is kr202.15. Danske Bank A/S's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr22.45. Danske Bank A/S's Cyclically Adjusted Price-to-FCF for today is 9.00.

The historical rank and industry rank for Danske Bank A/S's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CHIX:DANSKc' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.59   Med: 8.73   Max: 31.43
Current: 8.99

During the past years, Danske Bank A/S's highest Cyclically Adjusted Price-to-FCF was 31.43. The lowest was 4.59. And the median was 8.73.

CHIX:DANSKc's Cyclically Adjusted Price-to-FCF is ranked worse than
60.77% of 836 companies
in the Banks industry
Industry Median: 7.43 vs CHIX:DANSKc: 8.99

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.

Danske Bank A/S's adjusted free cash flow per share data for the three months ended in Mar. 2024 was kr-3.770. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is kr22.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Danske Bank A/S Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Danske Bank A/S's Cyclically Adjusted Price-to-FCF 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.

Danske Bank A/S Cyclically Adjusted Price-to-FCF Chart

Danske Bank A/S Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 8.62 7.17 - 7.39

Danske Bank A/S Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 19.72 14.08 7.27 7.39 9.23

Competitive Comparison of Danske Bank A/S's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Danske Bank A/S'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.


Danske Bank A/S's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Danske Bank A/S's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Danske Bank A/S's Cyclically Adjusted Price-to-FCF falls into.



Danske Bank A/S Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Danske Bank A/S's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=202.15/22.45
=9.00

* 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.

Danske Bank A/S's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Danske Bank A/S'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)
=-3.77/118.4000*118.4000
=-3.770

Current CPI (Mar. 2024) = 118.4000.

Danske Bank A/S Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -15.005 99.700 -17.819
201409 -9.830 99.700 -11.674
201412 0.012 99.400 0.014
201503 116.187 100.200 137.291
201506 56.951 100.300 67.228
201509 -70.380 100.200 -83.164
201512 -61.799 99.800 -73.317
201603 29.092 100.200 34.376
201606 51.361 100.600 60.449
201609 83.882 100.200 99.118
201612 -26.420 100.300 -31.188
201703 112.335 101.200 131.428
201706 28.853 101.200 33.757
201709 -25.203 101.800 -29.313
201712 43.016 101.300 50.277
201803 -11.712 101.700 -13.635
201806 -62.848 102.300 -72.739
201809 -55.078 102.400 -63.684
201812 -37.208 102.100 -43.148
201903 -26.106 102.900 -30.038
201906 11.234 102.900 12.926
201909 -106.698 102.900 -122.770
201912 -28.344 102.900 -32.614
202003 69.294 103.300 79.423
202006 50.400 103.200 57.823
202009 -4.365 103.500 -4.993
202012 99.350 103.400 113.762
202103 -7.191 104.300 -8.163
202106 -28.709 105.000 -32.373
202109 -56.815 105.800 -63.581
202112 47.273 106.600 52.506
202203 -27.426 109.900 -29.547
202206 -11.512 113.600 -11.998
202209 11.378 116.400 11.573
202212 -100.657 115.900 -102.828
202303 118.843 117.300 119.957
202306 -6.703 116.400 -6.818
202309 94.423 117.400 95.227
202312 -43.513 116.700 -44.147
202403 -3.770 118.400 -3.770

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


Danske Bank A/S  (CHIX:DANSKc) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Danske Bank A/S Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Danske Bank A/S's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Danske Bank A/S (CHIX:DANSKC) Business Description

Industry
Address
Holmens Kanal 2-12, Copenhagen, DNK, DK-1092
Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 27% in lending and 29% in deposits. It operates through 270 branches in Denmark, Finland, Sweden, Norway, Ireland, and the United Kingdom. With the establishment of its wealth management segment in April 2016, the bank now operates via five segments. The others are banking Denmark, banking Nordics, corporates and institutions, and Northern Ireland.

Danske Bank A/S (CHIX:DANSKC) Headlines

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