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PRA Group (FRA:POV1) Cyclically Adjusted FCF per Share : €1.93 (As of Mar. 2024)


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What is PRA Group 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.

PRA Group's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-1.714. 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 €1.93 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PRA Group's average Cyclically Adjusted FCF Growth Rate was -25.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 1.40% 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 PRA Group was 15.60% per year. The lowest was -9.10% per year. And the median was 1.85% per year.

As of today (2024-06-05), PRA Group's current stock price is €18.40. PRA Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.93. PRA Group's Cyclically Adjusted Price-to-FCF of today is 9.53.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PRA Group was 29.65. The lowest was 5.13. And the median was 11.94.


PRA Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PRA Group'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.

PRA Group Cyclically Adjusted FCF per Share Chart

PRA Group 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 2.84 2.47 2.74 2.89 2.17

PRA Group 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 2.55 2.51 2.23 2.17 1.93

Competitive Comparison of PRA Group's Cyclically Adjusted FCF per Share

For the Credit Services subindustry, PRA Group'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.


PRA Group's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PRA Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PRA Group 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, PRA Group'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)
=-1.714/131.7762*131.7762
=-1.714

Current CPI (Mar. 2024) = 131.7762.

PRA Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.766 100.560 1.004
201409 0.932 100.428 1.223
201412 1.408 99.070 1.873
201503 1.145 99.621 1.515
201506 0.546 100.684 0.715
201509 0.449 100.392 0.589
201512 1.421 99.792 1.876
201603 0.132 100.470 0.173
201606 1.286 101.688 1.667
201609 0.643 101.861 0.832
201612 1.726 101.863 2.233
201703 0.596 102.862 0.764
201706 -0.985 103.349 -1.256
201709 0.180 104.136 0.228
201712 0.078 104.011 0.099
201803 0.478 105.290 0.598
201806 -0.135 106.317 -0.167
201809 0.600 106.507 0.742
201812 0.175 105.998 0.218
201903 0.204 107.251 0.251
201906 0.289 108.070 0.352
201909 0.607 108.329 0.738
201912 1.172 108.420 1.424
202003 0.774 108.902 0.937
202006 1.405 108.767 1.702
202009 0.121 109.815 0.145
202012 0.109 109.897 0.131
202103 0.326 111.754 0.384
202106 -0.005 114.631 -0.006
202109 0.260 115.734 0.296
202112 0.857 117.630 0.960
202203 -0.582 121.301 -0.632
202206 -0.557 125.017 -0.587
202209 0.925 125.227 0.973
202212 0.541 125.222 0.569
202303 -1.147 127.348 -1.187
202306 -0.801 128.729 -0.820
202309 -0.923 129.860 -0.937
202312 0.471 129.419 0.480
202403 -1.714 131.776 -1.714

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


PRA Group  (FRA:POV1) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18.40/1.93
=9.53

* 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 PRA Group was 29.65. The lowest was 5.13. And the median was 11.94.


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.


PRA Group Cyclically Adjusted FCF per Share Related Terms

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


PRA Group (FRA:POV1) Business Description

Industry
Traded in Other Exchanges
Address
120 Corporate Boulevard, Norfolk, VA, USA, 23502
PRA Group Inc is a leader in acquiring and collecting nonperforming loans. The company returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe, and Australia. With thousands of employees worldwide, PRA Group collaborate with customers to help them resolve their debt.

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