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DSV AS (OCSE:DSV) Cyclically Adjusted Price-to-FCF : 27.59 (As of Apr. 27, 2024)


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What is DSV AS Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), DSV AS's current share 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 for today is 27.59.

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

OCSE:DSV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.36   Med: 58.94   Max: 99.64
Current: 26.42

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

OCSE:DSV's Cyclically Adjusted Price-to-FCF is ranked worse than
64.39% of 410 companies
in the Transportation industry
Industry Median: 17.54 vs OCSE:DSV: 26.42

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 adjusted free cash flow per share data 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 10 will get our Cyclically Adjusted FCF per Share, which is kr37.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


DSV AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for DSV AS'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.

DSV AS Cyclically Adjusted Price-to-FCF Chart

DSV AS 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 65.49 67.81 78.73 34.84 31.87

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 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 38.76 40.30 35.61 31.87 30.00

Competitive Comparison of DSV AS's Cyclically Adjusted Price-to-FCF

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 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.

DSV AS's Cyclically Adjusted Price-to-FCF for 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.

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

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.

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.


DSV AS  (OCSE:DSV) 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.


DSV AS Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of DSV AS's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF
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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