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Air Water (FRA:0AW) Cyclically Adjusted FCF per Share : €0.06 (As of Mar. 2024)


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What is Air Water 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.

Air Water's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.370. 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 €0.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Air Water's average Cyclically Adjusted FCF Growth Rate was 702.20% 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 Air Water was -19.10% per year. The lowest was -19.10% per year. And the median was -19.10% per year.

As of today (2024-05-17), Air Water's current stock price is €12.90. Air Water's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.06. Air Water's Cyclically Adjusted Price-to-FCF of today is 215.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Air Water was 21900.00. The lowest was 41.20. And the median was 146.86.


Air Water Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Air Water'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.

Air Water Cyclically Adjusted FCF per Share Chart

Air Water Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.46 -0.15 0.09 0.01 0.06

Air Water 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 0.01 0.01 - - 0.06

Competitive Comparison of Air Water's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Air Water'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.


Air Water's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Water's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Air Water 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, Air Water'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)
=0.37/107.2000*107.2000
=0.370

Current CPI (Mar. 2024) = 107.2000.

Air Water Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.000 0.000
201409 0.000 98.500 0.000
201412 0.000 97.900 0.000
201503 0.000 97.900 0.000
201506 0.000 98.400 0.000
201509 0.000 98.500 0.000
201512 0.000 98.100 0.000
201603 0.000 97.900 0.000
201606 0.000 98.100 0.000
201609 0.000 98.000 0.000
201612 0.000 98.400 0.000
201703 0.000 98.100 0.000
201706 0.000 98.500 0.000
201709 0.000 98.800 0.000
201712 0.000 99.400 0.000
201803 0.000 99.200 0.000
201806 -0.231 99.200 -0.250
201809 -0.480 99.900 -0.515
201812 0.387 99.700 0.416
201903 -0.182 99.700 -0.196
201906 -0.414 99.800 -0.445
201909 -0.353 100.100 -0.378
201912 -0.302 100.500 -0.322
202003 0.196 100.300 0.209
202006 0.044 99.900 0.047
202009 0.298 99.900 0.320
202012 -0.045 99.300 -0.049
202103 0.558 99.900 0.599
202106 0.000 99.500 0.000
202109 0.447 100.100 0.479
202112 -0.016 100.100 -0.017
202203 0.424 101.100 0.450
202206 0.038 101.800 0.040
202209 -0.039 103.100 -0.041
202212 -0.356 104.100 -0.367
202303 0.058 104.400 0.060
202306 0.031 105.200 0.032
202309 -0.053 106.200 -0.053
202312 0.005 106.800 0.005
202403 0.370 107.200 0.370

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


Air Water  (FRA:0AW) 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.

Air Water's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.90/0.06
=215.00

* 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 Air Water was 21900.00. The lowest was 41.20. And the median was 146.86.


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.


Air Water Cyclically Adjusted FCF per Share Related Terms

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


Air Water (FRA:0AW) Business Description

Industry
Traded in Other Exchanges
Address
12-8, Minami Semba 2-chome, Chuo-ku, Osaka, JPN, 542-0081
Air Water Inc manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into five primary segments based on product type. The industrial gas segment, which generates the most revenue of any segment, sells gases including oxygen used in blast furnaces to produce steel. The chemical business sells coal and fine chemicals to the agricultural and pharmaceutical industries. The medical segment sells medical gases and sterilization equipment to hospitals and home-care facilities. The agricultural and food products segment sells delicatessen meat, frozen foods, and fruit and vegetable juices. The energy segment sells natural gas.

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