GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Danske Bank A/S (FRA:DSN) » Definitions » Cyclically Adjusted Price-to-FCF

Danske Bank A/S (FRA:DSN) Cyclically Adjusted Price-to-FCF : 8.90 (As of May. 26, 2024)


View and export this data going back to . Start your Free Trial

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

As of today (2024-05-26), Danske Bank A/S's current share price is €26.60. Danske Bank A/S's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.99. Danske Bank A/S's Cyclically Adjusted Price-to-FCF for today is 8.90.

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:

FRA:DSN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.59   Med: 8.73   Max: 31.43
Current: 8.98

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.

FRA:DSN's Cyclically Adjusted Price-to-FCF is ranked worse than
62.06% of 833 companies
in the Banks industry
Industry Median: 7.38 vs FRA:DSN: 8.98

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 €-0.506. 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 €2.99 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
=26.60/2.99
=8.90

* 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)
=-0.506/118.4000*118.4000
=-0.506

Current CPI (Mar. 2024) = 118.4000.

Danske Bank A/S Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.013 99.700 -2.391
201409 -1.321 99.700 -1.569
201412 0.002 99.400 0.002
201503 15.569 100.200 18.397
201506 7.635 100.300 9.013
201509 -9.437 100.200 -11.151
201512 -8.278 99.800 -9.821
201603 3.900 100.200 4.608
201606 6.904 100.600 8.126
201609 11.258 100.200 13.303
201612 -3.551 100.300 -4.192
201703 15.101 101.200 17.668
201706 3.879 101.200 4.538
201709 -3.386 101.800 -3.938
201712 5.780 101.300 6.756
201803 -1.572 101.700 -1.830
201806 -8.434 102.300 -9.761
201809 -7.382 102.400 -8.535
201812 -4.987 102.100 -5.783
201903 -3.497 102.900 -4.024
201906 1.504 102.900 1.731
201909 -14.292 102.900 -16.445
201912 -3.794 102.900 -4.365
202003 9.270 103.300 10.625
202006 6.759 103.200 7.755
202009 -0.587 103.500 -0.672
202012 13.354 103.400 15.291
202103 -0.967 104.300 -1.098
202106 -3.860 105.000 -4.353
202109 -7.640 105.800 -8.550
202112 6.357 106.600 7.061
202203 -3.688 109.900 -3.973
202206 -1.547 113.600 -1.612
202209 1.529 116.400 1.555
202212 -13.530 115.900 -13.822
202303 15.966 117.300 16.116
202306 -0.900 116.400 -0.915
202309 12.661 117.400 12.769
202312 -5.838 116.700 -5.923
202403 -0.506 118.400 -0.506

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  (FRA:DSN) 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 (FRA:DSN) 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 (FRA:DSN) Headlines

No Headlines