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Danske Bank AS (OCSE:DANSKE) Cyclically Adjusted FCF per Share : kr7.01 (As of Mar. 2025)


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What is Danske Bank AS 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.

Danske Bank AS's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr62.683. 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 kr7.01 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Danske Bank AS's average Cyclically Adjusted FCF Growth Rate was -68.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -2.70% 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 Danske Bank AS was 27.80% per year. The lowest was -27.90% per year. And the median was -2.70% per year.

As of today (2025-05-31), Danske Bank AS's current stock price is kr251.10. Danske Bank AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr7.01. Danske Bank AS's Cyclically Adjusted Price-to-FCF of today is 35.82.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Danske Bank AS was 36.16. The lowest was 4.59. And the median was 8.79.


Danske Bank AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Danske Bank AS'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.

Danske Bank AS Cyclically Adjusted FCF per Share Chart

Danske Bank AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.67 15.74 -6.19 24.38 14.52

Danske Bank AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 22.36 23.80 24.70 14.52 7.01

Competitive Comparison of Danske Bank AS's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Danske Bank AS'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.


Danske Bank AS's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Danske Bank AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Danske Bank AS's Cyclically Adjusted Price-to-FCF falls into.


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Danske Bank AS 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, Danske Bank AS's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=62.683/120.2000*120.2000
=62.683

Current CPI (Mar. 2025) = 120.2000.

Danske Bank AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 56.951 100.300 68.250
201509 -70.380 100.200 -84.428
201512 -61.799 99.800 -74.431
201603 29.092 100.200 34.899
201606 51.361 100.600 61.368
201609 83.882 100.200 100.625
201612 -26.420 100.300 -31.662
201703 112.335 101.200 133.426
201706 28.853 101.200 34.270
201709 -25.203 101.800 -29.758
201712 43.016 101.300 51.042
201803 -11.712 101.700 -13.843
201806 -62.848 102.300 -73.845
201809 -55.078 102.400 -64.652
201812 -37.208 102.100 -43.804
201903 -26.106 102.900 -30.495
201906 11.234 102.900 13.123
201909 -106.698 102.900 -124.637
201912 -28.344 102.900 -33.109
202003 69.294 103.300 80.631
202006 50.400 103.200 58.702
202009 -4.365 103.500 -5.069
202012 99.350 103.400 115.492
202103 -7.191 104.300 -8.287
202106 -28.709 105.000 -32.865
202109 -56.815 105.800 -64.548
202112 47.273 106.600 53.304
202203 -27.426 109.900 -29.996
202206 -11.512 113.600 -12.181
202209 11.378 116.400 11.749
202212 -100.657 115.900 -104.391
202303 118.843 117.300 121.781
202306 -6.703 116.400 -6.922
202309 94.423 117.400 96.675
202312 -43.670 116.700 -44.980
202403 -3.817 118.400 -3.875
202406 -3.610 118.500 -3.662
202409 -3.596 118.900 -3.635
202412 -101.752 118.900 -102.865
202503 62.683 120.200 62.683

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


Danske Bank AS  (OCSE:DANSKE) 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.

Danske Bank AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=251.10/7.01
=35.82

* 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 Danske Bank AS was 36.16. The lowest was 4.59. And the median was 8.79.


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.


Danske Bank AS Cyclically Adjusted FCF per Share Related Terms

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


Danske Bank AS Business Description

Industry
Address
Bernstorffsgade 40, Copenhagen, DNK, DK-1577
Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 24% in lending and 27% in deposits. It operates through 144 branches in Denmark, Finland, Sweden, Norway, and Northern Ireland.

Danske Bank AS Headlines

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