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Sparebanken More (OSL:MORG) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Sparebanken More Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sparebanken More Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sparebanken More'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.

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Sparebanken More Cyclically Adjusted Price-to-FCF Chart

Sparebanken More Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Sparebanken More Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Sparebanken More's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Sparebanken More'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.


Sparebanken More's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sparebanken More's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Sparebanken More 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.

Sparebanken More's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Sparebanken More'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)
=-41.202/132.6000*132.6000
=-41.202

Current CPI (Mar. 2024) = 132.6000.

Sparebanken More Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -10.022 97.500 -13.630
201409 -5.157 98.500 -6.942
201412 -32.501 98.600 -43.708
201503 -22.448 99.200 -30.006
201506 33.956 100.100 44.981
201509 -33.463 100.600 -44.107
201512 8.236 100.900 10.824
201603 10.710 102.500 13.855
201606 31.061 103.800 39.679
201609 33.841 104.200 43.064
201612 -11.301 104.400 -14.354
201703 -20.638 105.000 -26.063
201706 -21.126 105.800 -26.477
201709 -12.633 105.900 -15.818
201712 -19.913 106.100 -24.887
201803 -31.215 107.300 -38.575
201806 -1.933 108.500 -2.362
201809 32.395 109.500 39.229
201812 -18.075 109.800 -21.828
201903 12.431 110.400 14.931
201906 -20.766 110.600 -24.897
201909 4.847 111.100 5.785
201912 6.956 111.300 8.287
202003 -20.031 111.200 -23.886
202006 21.855 112.100 25.852
202009 2.656 112.900 3.119
202012 -0.731 112.900 -0.859
202103 -15.794 114.600 -18.275
202106 3.751 115.300 4.314
202109 -87.564 117.500 -98.817
202112 45.394 118.900 50.624
202203 18.794 119.800 20.802
202206 0.122 122.600 0.132
202209 -33.574 125.600 -35.445
202212 -52.979 125.900 -55.798
202303 -38.146 127.600 -39.641
202306 -11.834 130.400 -12.034
202309 34.794 129.800 35.545
202312 -7.066 131.900 -7.103
202403 -41.202 132.600 -41.202

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.


Sparebanken More  (OSL:MORG) 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.


Sparebanken More Cyclically Adjusted Price-to-FCF Related Terms

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


Sparebanken More (OSL:MORG) Business Description

Industry
Traded in Other Exchanges
Address
Kipervikgata 6, Ålesund, NOR, 6003
Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, saving accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services as well as insurance industries. It firm manages its business into three segments Corporate, Retail, and Real estate brokerage. The revenue of the company comprises interest, fees, commission, and other income.

Sparebanken More (OSL:MORG) Headlines

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