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Afry AB (OSTO:AFRY) Cyclically Adjusted Price-to-FCF : 13.77 (As of Jun. 08, 2024)


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What is Afry AB Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Afry AB's current share price is kr185.10. Afry AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr13.44. Afry AB's Cyclically Adjusted Price-to-FCF for today is 13.77.

The historical rank and industry rank for Afry AB's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

OSTO:AFRY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.35   Med: 26.3   Max: 34.17
Current: 14.15

During the past years, Afry AB's highest Cyclically Adjusted Price-to-FCF was 34.17. The lowest was 8.35. And the median was 26.30.

OSTO:AFRY's Cyclically Adjusted Price-to-FCF is ranked better than
59.04% of 581 companies
in the Construction industry
Industry Median: 17.76 vs OSTO:AFRY: 14.15

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.

Afry AB's adjusted free cash flow per share data for the three months ended in Mar. 2024 was kr0.954. 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 kr13.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Afry AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Afry AB'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.

Afry AB Cyclically Adjusted Price-to-FCF Chart

Afry AB 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 27.22 26.97 24.51 14.39 10.45

Afry 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 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 15.66 12.80 10.09 10.45 12.72

Competitive Comparison of Afry AB's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Afry 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.


Afry AB's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



Afry AB 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.

Afry AB's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=185.10/13.44
=13.77

* 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.

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

For example, Afry 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)
=0.954/132.2054*132.2054
=0.954

Current CPI (Mar. 2024) = 132.2054.

Afry AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.767 100.432 3.642
201409 -0.075 100.161 -0.099
201412 3.616 100.225 4.770
201503 -0.456 99.950 -0.603
201506 1.539 99.995 2.035
201509 1.739 100.228 2.294
201512 2.992 100.276 3.945
201603 0.869 100.751 1.140
201606 3.420 101.019 4.476
201609 0.342 101.138 0.447
201612 2.270 102.022 2.942
201703 1.470 102.022 1.905
201706 2.616 102.752 3.366
201709 -0.884 103.279 -1.132
201712 3.741 103.793 4.765
201803 2.760 103.962 3.510
201806 2.273 104.875 2.865
201809 1.402 105.679 1.754
201812 4.484 105.912 5.597
201903 3.550 105.886 4.432
201906 0.483 106.742 0.598
201909 4.994 107.214 6.158
201912 9.462 107.766 11.608
202003 3.246 106.563 4.027
202006 7.966 107.498 9.797
202009 0.040 107.635 0.049
202012 6.025 108.296 7.355
202103 0.462 108.360 0.564
202106 4.193 108.928 5.089
202109 0.397 110.338 0.476
202112 8.162 112.486 9.593
202203 2.323 114.825 2.675
202206 2.561 118.384 2.860
202209 0.777 122.296 0.840
202212 3.541 126.365 3.705
202303 0.477 127.042 0.496
202306 4.450 129.407 4.546
202309 2.455 130.224 2.492
202312 8.459 131.912 8.478
202403 0.954 132.205 0.954

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.


Afry AB  (OSTO:AFRY) 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.


Afry AB Cyclically Adjusted Price-to-FCF Related Terms

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


Afry AB (OSTO:AFRY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Afry AB (OSTO:AFRY) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Frosundaleden 2, Solna, Stockholm, SWE, SE-169 99
Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. It develops solutions for public and private clients and has the capabilities to serve all regions of the world. The business divisions are Industrial & Digital Solutions, infrastructure, Process Industries, Energy, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals. Infrastructure projects provide sustainable and technological solutions for railways, roads, and other transportation networks. Sales are concentrated in Europe, and the company strengthens customer relationships by providing customized services.

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