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Royal Unibrew AS (FRA:0R1) Cyclically Adjusted FCF per Share : €4.03 (As of Mar. 2025)


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What is Royal Unibrew 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.

Royal Unibrew AS's adjusted free cash flow per share for the three months ended in Mar. 2025 was €-1.335. 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 €4.03 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Royal Unibrew AS's average Cyclically Adjusted FCF Growth Rate was 4.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.20% 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 Royal Unibrew AS was 11.50% per year. The lowest was 2.20% per year. And the median was 8.35% per year.

As of today (2025-05-24), Royal Unibrew AS's current stock price is €71.35. Royal Unibrew AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €4.03. Royal Unibrew AS's Cyclically Adjusted Price-to-FCF of today is 17.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Royal Unibrew AS was 36.27. The lowest was 13.41. And the median was 21.88.


Royal Unibrew AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Royal Unibrew 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.

Royal Unibrew AS Cyclically Adjusted FCF per Share Chart

Royal Unibrew 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 2.95 3.28 3.66 3.87 4.11

Royal Unibrew 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 3.81 4.03 4.01 4.11 4.03

Competitive Comparison of Royal Unibrew AS's Cyclically Adjusted FCF per Share

For the Beverages - Brewers subindustry, Royal Unibrew 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.


Royal Unibrew AS's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Royal Unibrew AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Royal Unibrew AS's Cyclically Adjusted Price-to-FCF falls into.


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Royal Unibrew 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, Royal Unibrew 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)
=-1.335/120.2000*120.2000
=-1.335

Current CPI (Mar. 2025) = 120.2000.

Royal Unibrew AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 5.351 100.300 6.413
201509 5.086 100.200 6.101
201512 0.713 99.800 0.859
201603 -0.411 100.200 -0.493
201606 1.256 100.600 1.501
201609 0.628 100.200 0.753
201612 0.345 100.300 0.413
201703 -0.169 101.200 -0.201
201706 1.369 101.200 1.626
201709 0.547 101.800 0.646
201712 0.625 101.300 0.742
201803 -0.767 101.700 -0.907
201806 2.262 102.300 2.658
201809 1.087 102.400 1.276
201812 -0.274 102.100 -0.323
201903 -0.445 102.900 -0.520
201906 2.100 102.900 2.453
201909 1.150 102.900 1.343
201912 0.271 102.900 0.317
202003 -0.157 103.300 -0.183
202006 1.806 103.200 2.104
202009 2.452 103.500 2.848
202012 -0.127 103.400 -0.148
202103 -0.268 104.300 -0.309
202106 2.213 105.000 2.533
202109 1.546 105.800 1.756
202112 0.194 106.600 0.219
202203 -1.031 109.900 -1.128
202206 1.835 113.600 1.942
202209 0.888 116.400 0.917
202212 -0.011 115.900 -0.011
202303 -1.069 117.300 -1.095
202306 2.627 116.400 2.713
202309 0.636 117.400 0.651
202312 0.952 116.700 0.981
202403 -1.207 118.400 -1.225
202406 2.904 118.500 2.946
202409 0.844 118.900 0.853
202412 1.149 118.900 1.162
202503 -1.335 120.200 -1.335

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


Royal Unibrew AS  (FRA:0R1) 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.

Royal Unibrew AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=71.35/4.03
=17.70

* 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 Royal Unibrew AS was 36.27. The lowest was 13.41. And the median was 21.88.


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.


Royal Unibrew AS Cyclically Adjusted FCF per Share Related Terms

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


Royal Unibrew AS Business Description

Traded in Other Exchanges
Address
Faxe Alle 1, Faxe, DNK, DK-4640
Royal Unibrew AS produces and sells alcoholic and nonalcoholic beverages including beer, malt beverages, cider, soft drinks, juice, and water. The company's operating segments are Northern Europe, Western Europe, and International. The vast majority of the company's revenue comes from its Northern Europe segment, which includes Denmark, Germany, Norway, Finland, Latvia, Sweden, Lithuania, and Estonia.

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