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OSRAM Licht AG (HAM:OSR) Cyclically Adjusted FCF per Share : €0.55 (As of Jun. 2024)


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What is OSRAM Licht AG 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.

OSRAM Licht AG's adjusted free cash flow per share for the three months ended in Jun. 2024 was €-0.115. 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 €0.55 for the trailing ten years ended in Jun. 2024.

During the past 12 months, OSRAM Licht AG's average Cyclically Adjusted FCF Growth Rate was -39.60% 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.

As of today (2025-05-22), OSRAM Licht AG's current stock price is €50.80. OSRAM Licht AG's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was €0.55. OSRAM Licht AG's Cyclically Adjusted Price-to-FCF of today is 92.36.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of OSRAM Licht AG was 95.64. The lowest was 51.98. And the median was 63.59.


OSRAM Licht AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for OSRAM Licht AG'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.

OSRAM Licht AG Cyclically Adjusted FCF per Share Chart

OSRAM Licht AG Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Dec22 Dec23
Cyclically Adjusted FCF per Share
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OSRAM Licht AG Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Mar22 Jun22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
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 0.91 0.78 - 0.56 0.55

Competitive Comparison of OSRAM Licht AG's Cyclically Adjusted FCF per Share

For the Electrical Equipment & Parts subindustry, OSRAM Licht AG'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.


OSRAM Licht AG's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OSRAM Licht AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where OSRAM Licht AG's Cyclically Adjusted Price-to-FCF falls into.


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OSRAM Licht AG 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, OSRAM Licht AG's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.115/134.0833*134.0833
=-0.115

Current CPI (Jun. 2024) = 134.0833.

OSRAM Licht AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201306 1.033 97.688 1.418
201309 0.813 98.050 1.112
201312 0.684 98.682 0.929
201403 0.399 99.044 0.540
201406 0.496 99.496 0.668
201409 0.483 99.586 0.650
201412 0.533 99.676 0.717
201503 0.258 99.992 0.346
201506 1.333 100.492 1.779
201509 1.057 100.292 1.413
201512 -0.295 100.692 -0.393
201603 -0.239 100.692 -0.318
201606 -1.069 101.092 -1.418
201609 0.049 101.192 0.065
201612 0.110 102.092 0.144
201703 -0.062 102.592 -0.081
201706 0.381 102.991 0.496
201709 -0.320 103.591 -0.414
201712 -1.207 104.291 -1.552
201803 -1.372 104.491 -1.761
201806 0.309 105.091 0.394
201809 0.448 105.691 0.568
201812 -1.148 106.291 -1.448
201903 -0.863 106.391 -1.088
201906 0.806 106.791 1.012
201909 0.897 106.991 1.124
201912 0.080 108.091 0.099
202003 0.611 108.024 0.758
202006 -0.075 107.915 -0.093
202009 -0.582 108.348 -0.720
202012 0.531 109.321 0.651
202103 0.202 110.186 0.246
202203 0.361 117.647 0.411
202206 0.011 120.567 0.012
202212 0.000 125.541 0.000
202303 -0.708 128.460 -0.739
202306 -0.119 130.191 -0.123
202312 0.000 132.570 0.000
202403 -0.066 133.759 -0.066
202406 -0.115 134.083 -0.115

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


OSRAM Licht AG  (HAM:OSR) 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.

OSRAM Licht AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=50.80/0.55
=92.36

* 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 OSRAM Licht AG was 95.64. The lowest was 51.98. And the median was 63.59.


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.


OSRAM Licht AG Cyclically Adjusted FCF per Share Related Terms

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


OSRAM Licht AG Business Description

Industry
Traded in Other Exchanges
N/A
Address
Tobelbader Strasse 30, Premstaetten, Graz, AUT, 8141
OSRAM Licht AG is a Germany-based company that manufactures and distributes lighting fixtures and products, including lamps, lighting systems, light-emitting diodes, and other Opto semiconductors, light management systems, and outdoor lighting solutions. The firm operates into two segments. The semiconductor segment concentrates on semiconductor-based products an solutions (incl.LED) for the automotive, consumer, industrial & medical technology markets. The Lamps & Systems segment comprises lamps & lighting systems focusing on the automotive including traditional lighting technologies & industrial end markets. The majority of revenue is from the Semiconductors segment. Geographically, it operates in EMEA (Europe, Middle East, & Africa), the Americas (North & South America), & Asia/Pacific.

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