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NCC AB (LTS:0OFP) Cyclically Adjusted FCF per Share : kr11.97 (As of Sep. 2024)


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What is NCC 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.

NCC AB's adjusted free cash flow per share for the three months ended in Sep. 2024 was kr-2.914. 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 kr11.97 for the trailing ten years ended in Sep. 2024.

During the past 12 months, NCC AB's average Cyclically Adjusted FCF Growth Rate was -17.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.30% 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 NCC AB was 10.70% per year. The lowest was -7.50% per year. And the median was 5.20% per year.

As of today (2024-12-11), NCC AB's current stock price is kr165.70. NCC AB's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was kr11.97. NCC AB's Cyclically Adjusted Price-to-FCF of today is 13.84.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of NCC AB was 20.86. The lowest was 6.78. And the median was 12.01.


NCC AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for NCC 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.

NCC AB Cyclically Adjusted FCF per Share Chart

NCC 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 9.22 8.57 11.89 11.39 9.92

NCC AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 14.45 9.92 10.79 11.74 11.97

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

For the Engineering & Construction subindustry, NCC 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.


NCC AB's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-2.914/132.3043*132.3043
=-2.914

Current CPI (Sep. 2024) = 132.3043.

NCC AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 33.423 100.225 44.121
201503 -7.904 99.950 -10.463
201506 -10.028 99.995 -13.268
201509 9.296 100.228 12.271
201512 38.882 100.276 51.301
201603 -10.945 100.751 -14.373
201606 -6.873 101.019 -9.002
201609 -1.192 101.138 -1.559
201612 19.880 102.022 25.781
201703 16.096 102.022 20.874
201706 -19.075 102.752 -24.561
201709 4.727 103.279 6.055
201712 10.093 103.793 12.866
201803 -7.669 103.962 -9.760
201806 -15.449 104.875 -19.490
201809 -5.389 105.679 -6.747
201812 23.987 105.912 29.964
201903 -1.241 105.886 -1.551
201906 -10.167 106.742 -12.602
201909 -7.711 107.214 -9.516
201912 31.611 107.766 38.809
202003 9.296 106.563 11.542
202006 -5.659 107.498 -6.965
202009 -0.594 107.635 -0.730
202012 5.612 108.296 6.856
202103 5.376 108.360 6.564
202106 -7.565 108.928 -9.189
202109 12.100 110.338 14.509
202112 3.225 112.486 3.793
202203 -3.587 114.825 -4.133
202206 -15.005 118.384 -16.769
202209 5.699 122.296 6.165
202212 6.751 126.365 7.068
202303 0.359 127.042 0.374
202306 -13.125 129.407 -13.419
202309 4.985 130.224 5.065
202312 6.721 131.912 6.741
202403 0.307 132.205 0.307
202406 -4.371 132.716 -4.357
202409 -2.914 132.304 -2.914

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


NCC AB  (LTS:0OFP) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=165.70/11.97
=13.84

* 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 NCC AB was 20.86. The lowest was 6.78. And the median was 12.01.


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.


NCC AB Cyclically Adjusted FCF per Share Related Terms

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


NCC AB Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NCC AB (LTS:0OFP) » Definitions » Cyclically Adjusted FCF per Share
Address
Herrjarva Torg 4, Solna, SWE, SE-170 80
NCC AB is a construction and property development company in the Nordic region. The business operations of the company are divided into five operating segments namely, NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. The company derives maximum revenue from NCC Infrastructure and geographically from Sweden. The company's projects include entire infrastructure build-outs such as tunnels, roads and railways, housing, office buildings, school and hospital construction, production of asphalt and stone materials, and commercial property development.

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