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FOJCF (Fortum Oyj) Cyclically Adjusted FCF per Share : $0.20 (As of Mar. 2025)


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What is Fortum Oyj 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.

Fortum Oyj's adjusted free cash flow per share for the three months ended in Mar. 2025 was $0.387. 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, Fortum Oyj's average Cyclically Adjusted FCF Growth Rate was -29.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -41.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -23.00% 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 Fortum Oyj was 24.20% per year. The lowest was -41.90% per year. And the median was -15.95% per year.

As of today (2025-05-18), Fortum Oyj's current stock price is $16.5244. Fortum Oyj's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $0.20. Fortum Oyj's Cyclically Adjusted Price-to-FCF of today is 82.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fortum Oyj was 106.47. The lowest was 9.56. And the median was 31.54.


Fortum Oyj Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Fortum Oyj'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.

Fortum Oyj Cyclically Adjusted FCF per Share Chart

Fortum Oyj 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 0.72 1.38 0.23 0.31 0.24

Fortum Oyj 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 0.29 0.29 0.29 0.24 0.20

Competitive Comparison of Fortum Oyj's Cyclically Adjusted FCF per Share

For the Utilities - Renewable subindustry, Fortum Oyj'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.


Fortum Oyj's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Fortum Oyj 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, Fortum Oyj'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)
=0.387/123.0100*123.0100
=0.387

Current CPI (Mar. 2025) = 123.0100.

Fortum Oyj Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.239 100.030 0.294
201509 0.016 100.130 0.020
201512 0.185 99.990 0.228
201603 0.328 100.080 0.403
201606 -0.171 100.390 -0.210
201609 -0.029 100.540 -0.035
201612 -0.097 101.020 -0.118
201703 0.123 100.910 0.150
201706 0.132 101.140 0.161
201709 0.031 101.320 0.038
201712 0.143 101.510 0.173
201803 0.194 101.730 0.235
201806 0.320 102.320 0.385
201809 -0.010 102.600 -0.012
201812 -0.192 102.710 -0.230
201903 0.764 102.870 0.914
201906 0.663 103.360 0.789
201909 0.126 103.540 0.150
201912 0.054 103.650 0.064
202003 0.562 103.490 0.668
202006 0.252 103.320 0.300
202009 0.590 103.710 0.700
202012 0.475 103.890 0.562
202103 0.721 104.870 0.846
202106 0.016 105.360 0.019
202109 0.320 106.290 0.370
202112 4.387 107.490 5.020
202203 -2.012 110.950 -2.231
202206 0.220 113.570 0.238
202209 -9.182 114.920 -9.828
202212 0.508 117.320 0.533
202303 0.551 119.750 0.566
202306 0.578 120.690 0.589
202309 0.337 121.280 0.342
202312 -0.012 121.540 -0.012
202403 0.545 122.360 0.548
202406 0.251 122.230 0.253
202409 0.267 122.260 0.269
202412 0.029 122.390 0.029
202503 0.387 123.010 0.387

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


Fortum Oyj  (OTCPK:FOJCF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=16.5244/0.20
=82.62

* 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 Fortum Oyj was 106.47. The lowest was 9.56. And the median was 31.54.


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.


Fortum Oyj Cyclically Adjusted FCF per Share Related Terms

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


Fortum Oyj Business Description

Address
Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, 02150
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.

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