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Iren SpA (CHIX:IREM) Cyclically Adjusted FCF per Share : €0.20 (As of Mar. 2025)


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What is Iren SpA 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.

Iren SpA's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.134. 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 €0.20 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Iren SpA's average Cyclically Adjusted FCF Growth Rate was 11.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.90% 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 Iren SpA was 30.50% per year. The lowest was 3.80% per year. And the median was 20.05% per year.

As of today (2025-05-30), Iren SpA's current stock price is €2.431. Iren SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.20. Iren SpA's Cyclically Adjusted Price-to-FCF of today is 12.16.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Iren SpA was 33.96. The lowest was 7.47. And the median was 14.95.


Iren SpA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Iren SpA'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.

Iren SpA Cyclically Adjusted FCF per Share Chart

Iren SpA 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 0.12 0.12 0.26 0.18 0.19

Iren SpA 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 0.17 0.19 0.19 0.19 0.20

Competitive Comparison of Iren SpA's Cyclically Adjusted FCF per Share

For the Utilities - Diversified subindustry, Iren SpA'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.


Iren SpA's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Iren SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Iren SpA 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, Iren SpA'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)
=0.134/122.5000*122.5000
=0.134

Current CPI (Mar. 2025) = 122.5000.

Iren SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.105 100.279 0.128
201509 0.041 100.000 0.050
201512 0.024 99.814 0.029
201603 0.068 99.600 0.084
201606 0.088 99.900 0.108
201609 0.043 100.100 0.053
201612 0.084 100.300 0.103
201703 0.072 101.000 0.087
201706 0.091 101.100 0.110
201709 0.032 101.200 0.039
201712 0.052 101.200 0.063
201803 0.052 101.800 0.063
201806 0.132 102.400 0.158
201809 0.042 102.600 0.050
201812 0.029 102.300 0.035
201903 0.093 102.800 0.111
201906 0.099 103.100 0.118
201909 -0.012 102.900 -0.014
201912 -0.027 102.800 -0.032
202003 -0.048 102.900 -0.057
202006 0.053 102.900 0.063
202009 0.044 102.300 0.053
202012 0.057 102.600 0.068
202103 0.042 103.700 0.050
202106 0.057 104.200 0.067
202109 0.045 104.900 0.053
202112 0.006 106.600 0.007
202203 0.046 110.400 0.051
202206 -0.080 112.500 -0.087
202209 -0.238 114.200 -0.255
202212 0.417 119.000 0.429
202303 -0.259 118.800 -0.267
202306 0.008 119.700 0.008
202309 0.008 120.300 0.008
202312 0.098 119.700 0.100
202403 -0.008 120.200 -0.008
202406 0.116 120.700 0.118
202409 0.045 121.200 0.045
202412 0.044 121.200 0.044
202503 0.134 122.500 0.134

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


Iren SpA  (CHIX:IREm) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.431/0.20
=12.16

* 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 Iren SpA was 33.96. The lowest was 7.47. And the median was 14.95.


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.


Iren SpA Cyclically Adjusted FCF per Share Related Terms

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


Iren SpA Business Description

Industry
Traded in Other Exchanges
Address
Via Nubi di Magellano, 30, Reggio Emilia, ITA, 42123
Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.

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