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Autoliv (Autoliv) Cyclically Adjusted FCF per Share : $3.76 (As of Dec. 2023)


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What is Autoliv 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.

Autoliv's adjusted free cash flow per share for the three months ended in Dec. 2023 was $3.513. 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 $3.76 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -2.10% 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 Autoliv was 18.70% per year. The lowest was -6.30% per year. And the median was 0.90% per year.

As of today (2024-04-27), Autoliv's current stock price is $122.29. Autoliv's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.76. Autoliv's Cyclically Adjusted Price-to-FCF of today is 32.52.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Autoliv was 32.85. The lowest was 10.49. And the median was 20.56.


Autoliv Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Autoliv'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.

Autoliv Cyclically Adjusted FCF per Share Chart

Autoliv 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 3.83 3.59 3.61 3.76 3.76

Autoliv Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.76 3.49 3.71 3.64 3.76

Competitive Comparison of Autoliv's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Autoliv'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.


Autoliv's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autoliv's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Autoliv 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, Autoliv's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.513/130.9575*130.9575
=3.513

Current CPI (Dec. 2023) = 130.9575.

Autoliv Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.976 99.788 1.281
201406 -0.314 100.432 -0.409
201409 1.023 100.161 1.338
201412 1.097 100.225 1.433
201503 -0.571 99.950 -0.748
201506 0.436 99.995 0.571
201509 1.060 100.228 1.385
201512 2.017 100.276 2.634
201603 1.231 100.751 1.600
201606 -0.329 101.019 -0.427
201609 1.706 101.138 2.209
201612 1.469 102.022 1.886
201703 0.223 102.022 0.286
201706 0.435 102.752 0.554
201709 0.850 103.279 1.078
201712 2.568 103.793 3.240
201803 -1.436 103.962 -1.809
201806 -1.350 104.875 -1.686
201809 1.366 105.679 1.693
201812 1.771 105.912 2.190
201903 0.518 105.886 0.641
201906 -1.707 106.742 -2.094
201909 0.826 107.214 1.009
201912 2.169 107.766 2.636
202003 0.767 106.563 0.943
202006 -2.211 107.498 -2.694
202009 3.131 107.635 3.809
202012 4.052 108.296 4.900
202103 1.050 108.360 1.269
202106 -0.388 108.928 -0.466
202109 0.867 110.338 1.029
202112 1.845 112.486 2.148
202203 -0.478 114.825 -0.545
202206 -2.211 118.384 -2.446
202209 0.780 122.296 0.835
202212 3.399 126.365 3.523
202303 -2.202 127.042 -2.270
202306 2.984 129.407 3.020
202309 0.576 130.224 0.579
202312 3.513 130.958 3.513

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


Autoliv  (NYSE:ALV) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=122.29/3.76
=32.52

* 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 Autoliv was 32.85. The lowest was 10.49. And the median was 20.56.


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.


Autoliv Cyclically Adjusted FCF per Share Related Terms

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


Autoliv (Autoliv) Business Description

Industry
Traded in Other Exchanges
Address
Klarabergsviadukten 70, P.O. Box 70381, Section B7, Stockholm, SWE, SE-107 24
Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company's largest customer at 11% of 2022 revenue, with Stellantis accounting for 11% and Volkswagen 10%. At 34% of 2022 revenue, the Americas was Autoliv's largest geographic region, followed by Europe at 27%, China at 21%, and Japan at 8%.
Executives
Leif Johansson director C/O AB VOLVO, SE 4050B, GOTEBORG, SWEDEN V7 4050B
Jan Carlson director, officer: President and CEO C/O AUTOLIV, INC., KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-111 64
Fredrik Westin officer: See Remarks C/O AUTOLIV, INC. KLABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 11 64
Frithjof Oldorff officer: President, Autoliv Europe 21680 HAGGERTY ROAD, SUITE 101, NORTHVILLE MI 48167
Christian Swahn officer: EVP, Supply Chain Management C/O AUTOLIV, INC. KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 111 64
Mikael Bratt officer: President, Passive Safety C/O AUTOLIV, INC., KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-111 64
Magnus Jarlegren officer: EVP, Operations C/O AUTOLIV, INC.,KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 111 64
Jordi Lombarte officer: Chief Technology Officer C/O AUTOLIV, INC., BOX 70381, STOCKHOLM V7 SE 107 24
Naughton Colin officer: President, Asia C/O AUTOLIV, INC. KLARABERGSVIADUKTEN 70, STOCKHOLM V7 11164
Per Jonas Jademyr officer: See Remarks C/O AUTOLIV, INC. KLARABERGSVIADUKTEN 70, STOCKHOLM V7 11164
Svante Mogefors officer: Group VP, Quality C/O AUTOLIV, INC., KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-111 64
Cevian Capital Ii Gp Ltd 10 percent owner C/O HIGHVERN FUND ADMINISTRATORS LIMITED, WHITELEY CHAMBERS, DON STREET, St. Helier Y9 JE2 4TR
Gustav Lundgren director RINGVAGEN 32, LIDINGO V7 181 51
Sng Yih officer: President, Autoliv China C/O AUTOLIV, INC. KLARABERGSVIADUKTEN 70, STOCKHOLM V7 11164
Martin Lundstedt director NORRSKOGSGATAN 14, STOCKHOLM V7 11264