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Samsung Electronics Co (LSE:SMSN) Cyclically Adjusted FCF per Share : $47.32 (As of Dec. 2023)


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What is Samsung Electronics Co 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.

Samsung Electronics Co's adjusted free cash flow per share for the three months ended in Dec. 2023 was $8.400. 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 $47.32 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Samsung Electronics Co's average Cyclically Adjusted FCF Growth Rate was -18.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -2.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.70% 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 Samsung Electronics Co was 17.80% per year. The lowest was -2.40% per year. And the median was 11.00% per year.

As of today (2024-05-05), Samsung Electronics Co's current stock price is $1450.00. Samsung Electronics Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $47.32. Samsung Electronics Co's Cyclically Adjusted Price-to-FCF of today is 30.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Samsung Electronics Co was 37.53. The lowest was 16.88. And the median was 25.40.


Samsung Electronics Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Samsung Electronics Co'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.

Samsung Electronics Co Cyclically Adjusted FCF per Share Chart

Samsung Electronics Co 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 49.08 60.19 63.01 60.94 47.32

Samsung Electronics Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 60.94 53.88 50.52 45.54 47.32

Competitive Comparison of Samsung Electronics Co's Cyclically Adjusted FCF per Share

For the Consumer Electronics subindustry, Samsung Electronics Co'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.


Samsung Electronics Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Samsung Electronics Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Samsung Electronics Co's Cyclically Adjusted Price-to-FCF falls into.



Samsung Electronics Co 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, Samsung Electronics Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=8.4/118.8477*118.8477
=8.400

Current CPI (Dec. 2023) = 118.8477.

Samsung Electronics Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 18.603 99.253 22.276
201406 12.998 99.353 15.548
201409 19.649 99.608 23.444
201412 -7.622 99.098 -9.141
201503 -9.221 99.720 -10.990
201506 12.133 100.050 14.413
201509 15.632 100.110 18.558
201512 18.271 100.220 21.667
201603 10.615 100.560 12.545
201606 27.325 100.790 32.221
201609 28.004 101.460 32.803
201612 2.265 101.560 2.651
201703 4.817 102.850 5.566
201706 -0.179 102.610 -0.207
201709 19.459 103.490 22.347
201712 36.780 102.990 42.443
201803 19.134 104.100 21.845
201806 16.517 104.130 18.852
201809 32.001 105.650 35.999
201812 53.282 104.350 60.685
201903 2.536 104.490 2.884
201906 -0.587 104.880 -0.665
201909 20.845 105.200 23.549
201912 29.500 105.120 33.352
202003 6.940 105.540 7.815
202006 13.752 104.870 15.585
202009 15.932 106.200 17.829
202012 44.129 105.765 49.587
202103 10.205 107.357 11.297
202106 -7.735 107.579 -8.545
202109 21.140 108.759 23.101
202112 24.137 109.676 26.155
202203 2.691 111.806 2.860
202206 5.655 114.083 5.891
202209 13.316 114.831 13.782
202212 3.263 115.200 3.366
202303 -25.723 116.550 -26.230
202306 -27.474 117.140 -27.875
202309 -12.309 119.111 -12.282
202312 8.400 118.848 8.400

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


Samsung Electronics Co  (LSE:SMSN) 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.

Samsung Electronics Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1450.00/47.32
=30.64

* 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 Samsung Electronics Co was 37.53. The lowest was 16.88. And the median was 25.40.


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.


Samsung Electronics Co Cyclically Adjusted FCF per Share Related Terms

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


Samsung Electronics Co (LSE:SMSN) Business Description

Industry
Address
129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR, 443-742
Samsung Electronics is a diversified electronics conglomerate that manufactures and sells a wide range of products, including smartphones, semiconductor chips, printers, home appliances, medical equipment, and telecom network equipment. More than half of its profit is generated from semiconductor business, and a further 25% is generated from its mobile handset business, although these percentages vary with the fortunes of each of these businesses. It is the largest smartphone and television manufacturer in the world, which helps provide a base demand for its component businesses, such as memory chips and displays, and is also the largest manufacturer of these globally.

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