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PORR AG (FRA:ABS2) Cyclically Adjusted FCF per Share : €2.09 (As of Mar. 2024)


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What is PORR AG 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.

PORR AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-2.325. 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 €2.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PORR AG's average Cyclically Adjusted FCF Growth Rate was 75.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 30.60% 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 PORR AG was 30.60% per year. The lowest was 30.60% per year. And the median was 30.60% per year.

As of today (2024-06-23), PORR AG's current stock price is €14.06. PORR AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.09. PORR AG's Cyclically Adjusted Price-to-FCF of today is 6.73.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PORR AG was 549.25. The lowest was 6.57. And the median was 13.15.


PORR AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PORR AG'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.

PORR AG Cyclically Adjusted FCF per Share Chart

PORR AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.70 1.28 1.56 1.55

PORR AG 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 1.20 0.92 0.90 1.55 2.09

Competitive Comparison of PORR AG's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, PORR AG'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.


PORR AG's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



PORR AG 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, PORR AG'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)
=-2.325/133.7589*133.7589
=-2.325

Current CPI (Mar. 2024) = 133.7589.

PORR AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.346 99.496 0.465
201409 -0.760 99.586 -1.021
201412 6.997 99.676 9.390
201503 -6.902 99.992 -9.233
201506 -2.540 100.492 -3.381
201509 1.835 100.292 2.447
201512 10.925 100.692 14.513
201603 -7.071 100.692 -9.393
201606 -0.811 101.092 -1.073
201609 -1.837 101.192 -2.428
201612 7.915 102.092 10.370
201703 -10.628 102.592 -13.857
201706 -2.772 102.991 -3.600
201709 -2.605 103.591 -3.364
201712 10.492 104.291 13.457
201803 -6.137 104.491 -7.856
201806 -1.789 105.091 -2.277
201809 -0.868 105.691 -1.099
201812 11.189 106.291 14.080
201903 -10.671 106.391 -13.416
201906 -2.815 106.791 -3.526
201909 1.349 106.991 1.687
201912 14.893 108.091 18.430
202003 -8.734 108.024 -10.815
202006 1.971 107.915 2.443
202009 1.268 108.348 1.565
202012 8.824 109.321 10.797
202103 -5.106 110.186 -6.198
202106 0.394 110.943 0.475
202109 0.959 111.916 1.146
202112 9.032 113.971 10.600
202203 -3.087 117.647 -3.510
202206 -1.571 120.567 -1.743
202209 -0.286 123.811 -0.309
202212 7.948 125.541 8.468
202303 -3.417 128.460 -3.558
202306 -1.898 130.191 -1.950
202309 -0.481 131.272 -0.490
202312 6.767 132.570 6.828
202403 -2.325 133.759 -2.325

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


PORR AG  (FRA:ABS2) 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.

PORR AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.06/2.09
=6.73

* 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 PORR AG was 549.25. The lowest was 6.57. And the median was 13.15.


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.


PORR AG Cyclically Adjusted FCF per Share Related Terms

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


PORR AG (FRA:ABS2) Business Description

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Address
Absberggasse 47, Vienna, AUT, 1100
PORR AG is an Austria-based construction company engaged in realizing complex building construction and civil engineering projects and focuses on its seven European home markets of Austria, Germany, Switzerland, Poland, the Czech Republic, Slovakia, and Romania. It operates in five segments; The segment ATCH includes country responsibility for Austria and Switzerland, The segment DE includes activities in German building and infrastructure construction and equity interests, The segment PL includes all country responsibility for Poland, The segment CEE includes activities in Czech Republic, Slovakia, and Romania, including equity interests, and The segment Infrastructure International includes international expertise in tunneling, railway construction, and specialist civil engineering.

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