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IAR Systems Group AB (LTS:0QTV) Cyclically Adjusted FCF per Share : kr6.16 (As of Sep. 2024)


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What is IAR Systems Group 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.

IAR Systems Group AB's adjusted free cash flow per share for the three months ended in Sep. 2024 was kr0.854. 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 kr6.16 for the trailing ten years ended in Sep. 2024.

During the past 12 months, IAR Systems Group AB's average Cyclically Adjusted FCF Growth Rate was 6.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.60% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of IAR Systems Group AB was 13.70% per year. The lowest was 0.10% per year. And the median was 6.35% per year.

As of today (2024-12-12), IAR Systems Group AB's current stock price is kr148.00. IAR Systems Group AB's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was kr6.16. IAR Systems Group AB's Cyclically Adjusted Price-to-FCF of today is 24.03.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of IAR Systems Group AB was 72.11. The lowest was 12.65. And the median was 31.78.


IAR Systems Group AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for IAR Systems Group 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.

IAR Systems Group AB Cyclically Adjusted FCF per Share Chart

IAR Systems Group 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 3.88 3.97 3.99 5.29 6.30

IAR Systems Group 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 5.78 6.30 6.14 6.23 6.16

Competitive Comparison of IAR Systems Group AB's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, IAR Systems Group 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.


IAR Systems Group AB's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, IAR Systems Group AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



IAR Systems Group 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, IAR Systems Group 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)
=0.854/132.3043*132.3043
=0.854

Current CPI (Sep. 2024) = 132.3043.

IAR Systems Group AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.755 100.225 0.997
201503 1.013 99.950 1.341
201506 2.106 99.995 2.786
201509 1.291 100.228 1.704
201512 1.916 100.276 2.528
201603 1.330 100.751 1.747
201606 1.235 101.019 1.617
201609 2.225 101.138 2.911
201612 2.787 102.022 3.614
201703 1.750 102.022 2.269
201706 2.122 102.752 2.732
201709 2.185 103.279 2.799
201712 2.249 103.793 2.867
201803 1.108 103.962 1.410
201806 0.880 104.875 1.110
201809 0.278 105.679 0.348
201812 1.223 105.912 1.528
201903 -0.095 105.886 -0.119
201906 0.747 106.742 0.926
201909 0.447 107.214 0.552
201912 0.520 107.766 0.638
202003 -0.593 106.563 -0.736
202006 1.515 107.498 1.865
202009 1.083 107.635 1.331
202012 0.704 108.296 0.860
202103 0.103 108.360 0.126
202106 0.798 108.928 0.969
202109 1.589 110.338 1.905
202112 1.709 112.486 2.010
202203 1.127 114.825 1.299
202206 1.209 118.384 1.351
202209 2.432 122.296 2.631
202212 0.235 126.365 0.246
202303 1.141 127.042 1.188
202306 1.344 129.407 1.374
202309 2.880 130.224 2.926
202312 2.028 131.912 2.034
202403 1.533 132.205 1.534
202406 1.743 132.716 1.738
202409 0.854 132.304 0.854

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


IAR Systems Group AB  (LTS:0QTV) 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.

IAR Systems Group AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=148.00/6.16
=24.03

* 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 IAR Systems Group AB was 72.11. The lowest was 12.65. And the median was 31.78.


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.


IAR Systems Group AB Cyclically Adjusted FCF per Share Related Terms

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


IAR Systems Group AB Business Description

Industry
Traded in Other Exchanges
Address
Strandbodgatan 1A, Stockholm, SWE, SE-75323
IAR Systems Group AB provides software for the programming processors in embedded systems. The company's customers mainly operate in industrial automation, medical technology, IOT, consumer electronics, and automotive industries that develop products based on 8-, 16, 32-bit processors. Its flagship product is IAR embedded workbench. Geographically, it derives a majority of revenue from the Americas and also has a presence in Asia, EMEA, and the Nordic region.

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