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Bel Fuse (FRA:BF2A) Cyclically Adjusted FCF per Share : €2.83 (As of Mar. 2024)


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What is Bel Fuse 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.

Bel Fuse's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.232. 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 €2.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bel Fuse's average Cyclically Adjusted FCF Growth Rate was 37.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% 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 Bel Fuse was 217.50% per year. The lowest was -7.00% per year. And the median was 5.45% per year.

As of today (2024-05-26), Bel Fuse's current stock price is €69.00. Bel Fuse's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.83. Bel Fuse's Cyclically Adjusted Price-to-FCF of today is 24.38.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bel Fuse was 30.06. The lowest was 3.98. And the median was 14.24.


Bel Fuse Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bel Fuse'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.

Bel Fuse Cyclically Adjusted FCF per Share Chart

Bel Fuse 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 - - 1.54 1.65 2.27

Bel Fuse 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 1.61 2.00 2.24 2.27 2.83

Competitive Comparison of Bel Fuse's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Bel Fuse'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.


Bel Fuse's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Bel Fuse's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Bel Fuse 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, Bel Fuse'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)
=0.232/131.7762*131.7762
=0.232

Current CPI (Mar. 2024) = 131.7762.

Bel Fuse Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.584 100.560 0.765
201409 0.262 100.428 0.344
201412 -0.020 99.070 -0.027
201503 1.049 99.621 1.388
201506 0.338 100.684 0.442
201509 1.384 100.392 1.817
201512 1.505 99.792 1.987
201603 0.545 100.470 0.715
201606 0.405 101.688 0.525
201609 0.639 101.861 0.827
201612 0.726 101.863 0.939
201703 -0.134 102.862 -0.172
201706 -0.067 103.349 -0.085
201709 0.911 104.136 1.153
201712 0.509 104.011 0.645
201803 -0.127 105.290 -0.159
201806 -0.195 106.317 -0.242
201809 0.002 106.507 0.002
201812 0.223 105.998 0.277
201903 -0.627 107.251 -0.770
201906 0.801 108.070 0.977
201909 0.613 108.329 0.746
201912 0.280 108.420 0.340
202003 0.456 108.902 0.552
202006 0.550 108.767 0.666
202009 0.113 109.815 0.136
202012 0.689 109.897 0.826
202103 0.038 111.754 0.045
202106 -0.332 114.631 -0.382
202109 -0.101 115.734 -0.115
202112 0.078 117.630 0.087
202203 -0.710 121.301 -0.771
202206 1.315 125.017 1.386
202209 0.878 125.227 0.924
202212 0.968 125.222 1.019
202303 0.955 127.348 0.988
202306 1.481 128.729 1.516
202309 2.801 129.860 2.842
202312 1.756 129.419 1.788
202403 0.232 131.776 0.232

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


Bel Fuse  (FRA:BF2A) 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.

Bel Fuse's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=69.00/2.83
=24.38

* 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 Bel Fuse was 30.06. The lowest was 3.98. And the median was 14.24.


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.


Bel Fuse Cyclically Adjusted FCF per Share Related Terms

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


Bel Fuse (FRA:BF2A) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bel Fuse Inc (FRA:BF2A) » Definitions » Cyclically Adjusted FCF per Share
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Address
206 Van Vorst Street, Jersey City, NJ, USA, 07302
Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions & protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.

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