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VBG Group AB (FRA:KU4) Cyclically Adjusted FCF per Share : €1.17 (As of Mar. 2024)


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What is VBG Group 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.

VBG Group AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.474. 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 €1.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, VBG Group AB's average Cyclically Adjusted FCF Growth Rate was 14.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.00% 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 VBG Group AB was 9.80% per year. The lowest was 7.70% per year. And the median was 8.90% per year.

As of today (2024-06-13), VBG Group AB's current stock price is €40.30. VBG Group AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.17. VBG Group AB's Cyclically Adjusted Price-to-FCF of today is 34.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of VBG Group AB was 35.43. The lowest was 10.83. And the median was 16.95.


VBG Group AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for VBG Group 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.

VBG Group AB Cyclically Adjusted FCF per Share Chart

VBG Group 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 - - - - 1.17

VBG Group 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 - 0.99 1.08 1.17 1.17

Competitive Comparison of VBG Group AB's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, VBG Group 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.


VBG Group AB's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, VBG Group AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



VBG Group 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, VBG Group 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)
=0.474/132.2054*132.2054
=0.474

Current CPI (Mar. 2024) = 132.2054.

VBG Group AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.024 100.432 0.032
201409 0.286 100.161 0.378
201412 0.371 100.225 0.489
201503 0.141 99.950 0.187
201506 0.146 99.995 0.193
201509 0.286 100.228 0.377
201512 0.129 100.276 0.170
201603 0.326 100.751 0.428
201606 0.080 101.019 0.105
201609 0.443 101.138 0.579
201612 0.607 102.022 0.787
201703 0.401 102.022 0.520
201706 0.079 102.752 0.102
201709 0.138 103.279 0.177
201712 0.268 103.793 0.341
201803 0.229 103.962 0.291
201806 0.092 104.875 0.116
201809 0.329 105.679 0.412
201812 0.116 105.912 0.145
201903 0.331 105.886 0.413
201906 0.190 106.742 0.235
201909 0.550 107.214 0.678
201912 0.185 107.766 0.227
202003 0.378 106.563 0.469
202006 0.261 107.498 0.321
202009 0.390 107.635 0.479
202012 0.499 108.296 0.609
202103 0.171 108.360 0.209
202106 0.093 108.928 0.113
202109 0.053 110.338 0.064
202112 0.174 112.486 0.205
202203 0.159 114.825 0.183
202206 0.021 118.384 0.023
202209 0.129 122.296 0.139
202212 0.182 126.365 0.190
202303 0.408 127.042 0.425
202306 0.323 129.407 0.330
202309 0.819 130.224 0.831
202312 0.498 131.912 0.499
202403 0.474 132.205 0.474

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


VBG Group AB  (FRA:KU4) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=40.30/1.17
=34.44

* 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 VBG Group AB was 35.43. The lowest was 10.83. And the median was 16.95.


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.


VBG Group AB Cyclically Adjusted FCF per Share Related Terms

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


VBG Group AB (FRA:KU4) Business Description

Industry
Traded in Other Exchanges
Address
Kungsgatan 57, Box 1216, Trollhattan, SWE, SE-461 34
VBG Group AB is an international industrial group. The Parent Company VBG Group AB is a long-term owner that provides active management of the Group's three wholly owned divisions through considerable industrial expertise, a strong corporate culture and financial resilience. The Group's divisions - Truck & Trailer Equipment, Mobile Thermal Solutions and Ringfeder Power Transmission - develop, manufacture, market and sell products under strong, well-known brands all over the world.

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