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DSV AS (OCSE:DSV) Cyclically Adjusted FCF per Share : kr37.40 (As of Mar. 2024)


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What is DSV AS 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.

DSV AS's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr5.236. 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 kr37.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DSV AS's average Cyclically Adjusted FCF Growth Rate was 9.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 35.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 33.30% 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 DSV AS was 39.00% per year. The lowest was 27.00% per year. And the median was 35.30% per year.

As of today (2024-04-27), DSV AS's current stock price is kr1032.00. DSV AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr37.40. DSV AS's Cyclically Adjusted Price-to-FCF of today is 27.59.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DSV AS was 99.64. The lowest was 26.36. And the median was 58.94.


DSV AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for DSV AS'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.

DSV AS Cyclically Adjusted FCF per Share Chart

DSV AS 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 11.72 15.04 19.40 31.47 37.19

DSV AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 34.22 35.56 37.04 37.19 37.40

Competitive Comparison of DSV AS's Cyclically Adjusted FCF per Share

For the Integrated Freight & Logistics subindustry, DSV AS'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.


DSV AS's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DSV AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



DSV AS 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, DSV AS'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)
=5.236/116.7000*116.7000
=5.236

Current CPI (Mar. 2024) = 116.7000.

DSV AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.450 99.700 1.697
201409 1.472 99.700 1.723
201412 1.923 99.400 2.258
201503 0.965 100.200 1.124
201506 3.052 100.300 3.551
201509 1.954 100.200 2.276
201512 8.853 99.800 10.352
201603 0.167 100.200 0.195
201606 2.003 100.600 2.324
201609 0.080 100.200 0.093
201612 0.308 100.300 0.358
201703 1.743 101.200 2.010
201706 5.374 101.200 6.197
201709 4.740 101.800 5.434
201712 7.445 101.300 8.577
201803 1.268 101.700 1.455
201806 4.858 102.300 5.542
201809 4.509 102.400 5.139
201812 6.095 102.100 6.967
201903 5.981 102.900 6.783
201906 10.272 102.900 11.650
201909 6.377 102.900 7.232
201912 5.437 102.900 6.166
202003 4.932 103.300 5.572
202006 11.541 103.200 13.051
202009 10.493 103.500 11.831
202012 12.081 103.400 13.635
202103 9.852 104.300 11.023
202106 7.241 105.000 8.048
202109 5.927 105.800 6.538
202112 22.402 106.600 24.525
202203 21.379 109.900 22.702
202206 28.897 113.600 29.686
202209 29.111 116.400 29.186
202212 29.540 115.900 29.744
202303 24.912 117.300 24.785
202306 18.100 116.400 18.147
202309 14.451 117.400 14.365
202312 6.824 116.700 6.824
202403 5.236 116.700 5.236

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


DSV AS  (OCSE:DSV) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1032.00/37.4
=27.59

* 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 DSV AS was 99.64. The lowest was 26.36. And the median was 58.94.


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.


DSV AS Cyclically Adjusted FCF per Share Related Terms

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


DSV AS (OCSE:DSV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (OCSE:DSV) » Definitions » Cyclically Adjusted FCF per Share
Address
Hovedgaden 630, Hedehusene, DNK, 2640
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.

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