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SAS AB (FRA:SSV2) Cyclically Adjusted FCF per Share : €-0.47 (As of Jan. 2024)


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What is SAS 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.

SAS AB's adjusted free cash flow per share for the three months ended in Jan. 2024 was €-0.024. 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 €-0.47 for the trailing ten years ended in Jan. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -8.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -30.30% 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 SAS AB was -8.40% per year. The lowest was -60.30% per year. And the median was -30.90% per year.

As of today (2024-05-18), SAS AB's current stock price is €0.0023. SAS AB's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €-0.47. SAS AB's Cyclically Adjusted Price-to-FCF of today is .


SAS AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SAS 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.

SAS AB Cyclically Adjusted FCF per Share Chart

SAS AB Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.42 -0.41 -0.40 -0.40

SAS AB Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -0.40 -0.37 -0.44 -0.40 -0.47

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

For the Airlines subindustry, SAS 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.


SAS AB's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SAS AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



SAS 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, SAS AB's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-0.024/131.7203*131.7203
=-0.024

Current CPI (Jan. 2024) = 131.7203.

SAS AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.061 100.174 0.080
201407 0.006 100.104 0.008
201410 0.022 100.215 0.029
201501 -0.088 99.172 -0.117
201504 0.071 99.941 0.094
201507 -0.021 100.027 -0.028
201510 -0.062 100.301 -0.081
201601 -0.178 99.931 -0.235
201604 0.077 100.732 0.101
201607 -0.057 101.080 -0.074
201610 -0.026 101.485 -0.034
201701 -0.162 101.326 -0.211
201704 0.004 102.615 0.005
201707 -0.184 103.301 -0.235
201710 -0.038 103.202 -0.049
201801 -0.132 102.925 -0.169
201804 0.025 104.390 0.032
201807 -0.016 105.420 -0.020
201810 -0.023 105.545 -0.029
201901 -0.176 104.855 -0.221
201904 0.096 106.627 0.119
201907 -0.102 107.166 -0.125
201910 -0.017 107.243 -0.021
202001 -0.510 106.215 -0.632
202004 -1.222 106.240 -1.515
202007 -0.606 107.731 -0.741
202010 -0.527 107.539 -0.645
202101 -0.078 107.897 -0.095
202104 -0.040 108.624 -0.049
202107 -0.011 109.218 -0.013
202110 0.010 110.562 0.012
202201 -0.013 111.876 -0.015
202204 0.014 115.534 0.016
202207 -0.032 118.489 -0.036
202210 -0.012 122.561 -0.013
202301 -0.035 124.942 -0.037
202304 0.009 127.632 0.009
202307 0.011 129.464 0.011
202310 -0.005 130.549 -0.005
202401 -0.024 131.720 -0.024

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


SAS AB  (FRA:SSV2) 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.


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.


SAS AB Cyclically Adjusted FCF per Share Related Terms

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


SAS AB (FRA:SSV2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAS AB (FRA:SSV2) » Definitions » Cyclically Adjusted FCF per Share
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Address
Frosundaviks Alle 1, Solna, Stockholm, SWE, SE-195 87
SAS AB is a Scandinavian airline that offers transportation to many domestic and international destinations. Its target audience is frequent business and leisure travelers, and the airline attempts to develop services that make travel easier. Loyalty programs coupled with new applications and bundled packages give customers increased access and various options to plan a trip. Passenger traffic throughout Denmark, Norway, and Sweden account for approximately one-third of total revenue, but the airline does have a worldwide reach. Partnerships with other airlines enhance their global destination network and help customers use different airlines at numerous airports.

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