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Systemair AB (FRA:52SA) Cyclically Adjusted FCF per Share : €0.26 (As of Jul. 2024)


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What is Systemair AB 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.

Systemair AB's adjusted free cash flow per share for the three months ended in Jul. 2024 was €0.078. 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 €0.26 for the trailing ten years ended in Jul. 2024.

During the past 12 months, Systemair AB's average Cyclically Adjusted FCF Growth Rate was 18.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.50% 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 Systemair AB was 13.50% per year. The lowest was 13.30% per year. And the median was 13.45% per year.

As of today (2024-09-26), Systemair AB's current stock price is €7.61. Systemair AB's Cyclically Adjusted FCF per Share for the quarter that ended in Jul. 2024 was €0.26. Systemair AB's Cyclically Adjusted Price-to-FCF of today is 29.27.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Systemair AB was 46.53. The lowest was 15.09. And the median was 25.81.


Systemair AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Systemair AB'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.

Systemair AB Cyclically Adjusted FCF per Share Chart

Systemair AB Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.21 0.21 0.22 0.26

Systemair AB Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.23 0.23 0.26 0.26 0.26

Competitive Comparison of Systemair AB's Cyclically Adjusted FCF per Share

For the Building Products & Equipment subindustry, Systemair AB'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.


Systemair AB's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Systemair AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Systemair AB 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, Systemair AB's adjusted Free Cash Flow per Share data for the three months ended in Jul. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jul. 2024 (Change)*Current CPI (Jul. 2024)
=0.078/132.8309*132.8309
=0.078

Current CPI (Jul. 2024) = 132.8309.

Systemair AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201410 0.047 100.215 0.062
201501 0.040 99.172 0.054
201504 -0.007 99.941 -0.009
201507 0.025 100.027 0.033
201510 0.063 100.301 0.083
201601 0.020 99.931 0.027
201604 -0.021 100.732 -0.028
201607 0.058 101.080 0.076
201610 0.083 101.485 0.109
201701 0.106 101.326 0.139
201704 -0.013 102.615 -0.017
201707 0.037 103.301 0.048
201710 0.050 103.202 0.064
201801 0.033 102.925 0.043
201804 -0.007 104.390 -0.009
201807 0.035 105.420 0.044
201810 0.040 105.545 0.050
201901 0.088 104.855 0.111
201904 0.016 106.627 0.020
201907 0.089 107.166 0.110
201910 0.132 107.243 0.163
202001 0.142 106.215 0.178
202004 0.018 106.240 0.023
202007 0.109 107.731 0.134
202010 0.132 107.539 0.163
202101 0.116 107.897 0.143
202104 0.108 108.624 0.132
202107 0.075 109.218 0.091
202110 0.039 110.562 0.047
202201 0.012 111.876 0.014
202204 -0.015 115.534 -0.017
202207 -0.029 118.489 -0.033
202210 0.089 122.561 0.096
202301 0.120 124.942 0.128
202304 0.072 127.632 0.075
202307 0.127 129.464 0.130
202310 0.179 130.549 0.182
202401 0.172 131.720 0.173
202404 0.079 132.601 0.079
202407 0.078 132.831 0.078

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


Systemair AB  (FRA:52SA) 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.

Systemair AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.61/0.26
=29.27

* 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 Systemair AB was 46.53. The lowest was 15.09. And the median was 25.81.


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.


Systemair AB Cyclically Adjusted FCF per Share Related Terms

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


Systemair AB Business Description

Industry
Traded in Other Exchanges
Address
Industrivagen 3, Skinnskatteberg, SWE, SE-739 30
Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy-efficient fans. The company also markets products under its Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtains and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. The company generates the majority of its revenue from Europe.

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