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DSV AS (CHIX:DSVC) Cyclically Adjusted FCF per Share : kr44.12 (As of Mar. 2025)


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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. 2025 was kr18.065. 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 kr44.12 for the trailing ten years ended in Mar. 2025.

During the past 12 months, DSV AS's average Cyclically Adjusted FCF Growth Rate was 14.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 28.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 31.20% 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 20.40% per year. And the median was 28.60% per year.

As of today (2025-06-17), DSV AS's current stock price is kr1597.50. DSV AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr44.12. DSV AS's Cyclically Adjusted Price-to-FCF of today is 36.21.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DSV AS was 99.64. The lowest was 25.71. And the median was 56.38.


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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.08 19.44 31.48 37.04 40.84

DSV AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 37.85 38.71 40.51 40.84 44.12

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.


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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. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=18.065/120.2000*120.2000
=18.065

Current CPI (Mar. 2025) = 120.2000.

DSV AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 3.052 100.300 3.658
201509 1.954 100.200 2.344
201512 8.853 99.800 10.663
201603 0.167 100.200 0.200
201606 2.003 100.600 2.393
201609 0.080 100.200 0.096
201612 0.308 100.300 0.369
201703 1.743 101.200 2.070
201706 5.374 101.200 6.383
201709 4.740 101.800 5.597
201712 7.445 101.300 8.834
201803 1.268 101.700 1.499
201806 4.858 102.300 5.708
201809 4.509 102.400 5.293
201812 6.095 102.100 7.176
201903 5.981 102.900 6.987
201906 10.272 102.900 11.999
201909 6.377 102.900 7.449
201912 5.437 102.900 6.351
202003 4.932 103.300 5.739
202006 11.541 103.200 13.442
202009 10.493 103.500 12.186
202012 12.081 103.400 14.044
202103 9.852 104.300 11.354
202106 7.241 105.000 8.289
202109 5.927 105.800 6.734
202112 22.402 106.600 25.260
202203 21.379 109.900 23.383
202206 28.897 113.600 30.576
202209 29.111 116.400 30.061
202212 29.540 115.900 30.636
202303 24.912 117.300 25.528
202306 18.100 116.400 18.691
202309 14.451 117.400 14.796
202312 6.824 116.700 7.029
202403 5.301 118.400 5.382
202406 9.186 118.500 9.318
202409 18.707 118.900 18.912
202412 9.846 118.900 9.954
202503 18.065 120.200 18.065

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


DSV AS  (CHIX:DSVc) 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
=1597.50/44.12
=36.21

* 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 25.71. And the median was 56.38.


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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (CHIX:DSVc) » 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, and sea, with the bulk of its activities coming from 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 DB Schenker in the second quarter of 2025, making it the largest sea freight forwarder.

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