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Knowit AB (FRA:KOW) Cyclically Adjusted FCF per Share : €1.40 (As of Mar. 2024)


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What is Knowit 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.

Knowit AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.315. 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 €1.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Knowit AB's average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.60% 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 Knowit AB was 19.00% per year. The lowest was 12.40% per year. And the median was 14.60% per year.

As of today (2024-05-24), Knowit AB's current stock price is €15.98. Knowit AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.40. Knowit AB's Cyclically Adjusted Price-to-FCF of today is 11.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Knowit AB was 35.86. The lowest was 8.30. And the median was 23.27.


Knowit AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Knowit 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.

Knowit AB Cyclically Adjusted FCF per Share Chart

Knowit AB 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 - - - 1.28 1.38

Knowit AB 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 1.28 1.24 1.24 1.38 1.40

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

For the Information Technology Services subindustry, Knowit 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.


Knowit AB's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Knowit AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Knowit 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, Knowit AB'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)
=0.315/132.2054*132.2054
=0.315

Current CPI (Mar. 2024) = 132.2054.

Knowit AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.158 100.432 0.208
201409 -0.123 100.161 -0.162
201412 0.475 100.225 0.627
201503 -0.193 99.950 -0.255
201506 0.326 99.995 0.431
201509 -0.286 100.228 -0.377
201512 0.559 100.276 0.737
201603 0.033 100.751 0.043
201606 0.400 101.019 0.523
201609 0.084 101.138 0.110
201612 0.559 102.022 0.724
201703 0.217 102.022 0.281
201706 0.318 102.752 0.409
201709 -0.339 103.279 -0.434
201712 0.846 103.793 1.078
201803 0.035 103.962 0.045
201806 0.369 104.875 0.465
201809 0.210 105.679 0.263
201812 0.772 105.912 0.964
201903 -0.102 105.886 -0.127
201906 0.437 106.742 0.541
201909 0.593 107.214 0.731
201912 0.566 107.766 0.694
202003 0.192 106.563 0.238
202006 1.190 107.498 1.464
202009 -0.080 107.635 -0.098
202012 0.898 108.296 1.096
202103 0.263 108.360 0.321
202106 0.346 108.928 0.420
202109 0.228 110.338 0.273
202112 0.935 112.486 1.099
202203 -0.005 114.825 -0.006
202206 0.368 118.384 0.411
202209 0.020 122.296 0.022
202212 0.963 126.365 1.008
202303 0.275 127.042 0.286
202306 0.343 129.407 0.350
202309 -0.330 130.224 -0.335
202312 0.865 131.912 0.867
202403 0.315 132.205 0.315

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


Knowit AB  (FRA:KOW) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.98/1.4
=11.41

* 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 Knowit AB was 35.86. The lowest was 8.30. And the median was 23.27.


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.


Knowit AB Cyclically Adjusted FCF per Share Related Terms

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


Knowit AB (FRA:KOW) Business Description

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Address
Klarabergsgatan 60, Box 3383, Stockholm, SWE, 10368
Knowit is a Nordic consultancy, operating three divisions: IT and system development; Customer experience technology and communications; Management consultancy. The company has about 2200 employees in 20 locations in Sweden, Norway, Denmark, Finland and Germany. Knowit provides services towards most industries, both public and private sector. Knowit AB (Publ) was founded in 1990 and is headquartered in Stockholm, Sweden.

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