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Laan & Spar Bank AS (OCSE:LASP) Cyclically Adjusted FCF per Share : kr470.90 (As of Mar. 2025)


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What is Laan & Spar 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.

Laan & Spar Bank AS's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr362.588. 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 kr470.90 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Laan & Spar Bank AS's average Cyclically Adjusted FCF Growth Rate was 17.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.70% 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 Laan & Spar Bank AS was 18.80% per year. The lowest was 8.80% per year. And the median was 14.60% per year.

As of today (2025-06-22), Laan & Spar Bank AS's current stock price is kr825.00. Laan & Spar Bank AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr470.90. Laan & Spar Bank AS's Cyclically Adjusted Price-to-FCF of today is 1.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Laan & Spar Bank AS was 2.89. The lowest was 1.43. And the median was 1.77.


Laan & Spar Bank AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Laan & Spar 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.

Laan & Spar Bank AS Cyclically Adjusted FCF per Share Chart

Laan & Spar 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 256.73 366.25 430.91 386.52 471.07

Laan & Spar 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 400.39 416.89 441.45 471.07 470.90

Competitive Comparison of Laan & Spar Bank AS's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Laan & Spar 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.


Laan & Spar Bank AS's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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


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Laan & Spar 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, Laan & Spar 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)
=362.588/120.2000*120.2000
=362.588

Current CPI (Mar. 2025) = 120.2000.

Laan & Spar Bank AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 369.950 100.300 443.350
201509 35.366 100.200 42.425
201512 -78.608 99.800 -94.676
201603 -395.149 100.200 -474.021
201606 288.263 100.600 344.426
201609 -51.866 100.200 -62.218
201612 187.104 100.300 224.226
201703 190.717 101.200 226.524
201706 97.587 101.200 115.909
201709 -132.741 101.800 -156.733
201712 56.942 101.300 67.566
201803 18.250 101.700 21.570
201806 186.160 102.300 218.733
201809 252.650 102.400 296.568
201812 98.726 102.100 116.228
201903 -3.463 102.900 -4.045
201906 456.525 102.900 533.278
201909 17.123 102.900 20.002
201912 247.213 102.900 288.776
202003 -172.815 103.300 -201.088
202006 -51.679 103.200 -60.192
202009 219.424 103.500 254.829
202012 -109.406 103.400 -127.182
202103 -117.030 104.300 -134.871
202106 931.056 105.000 1,065.837
202109 75.732 105.800 86.040
202112 -0.998 106.600 -1.125
202203 227.561 109.900 248.888
202206 282.972 113.600 299.412
202209 303.434 116.400 313.340
202212 -111.344 115.900 -115.475
202303 -250.755 117.300 -256.954
202306 179.345 116.400 185.200
202309 47.560 117.400 48.694
202312 -137.161 116.700 -141.275
202403 2.521 118.400 2.559
202406 476.826 118.500 483.667
202409 212.108 118.900 214.427
202412 13.635 118.900 13.784
202503 362.588 120.200 362.588

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


Laan & Spar Bank AS  (OCSE:LASP) 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.

Laan & Spar 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
=825.00/470.90
=1.75

* 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 Laan & Spar Bank AS was 2.89. The lowest was 1.43. And the median was 1.77.


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.


Laan & Spar Bank AS Cyclically Adjusted FCF per Share Related Terms

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


Laan & Spar Bank AS Business Description

Industry
Traded in Other Exchanges
N/A
Address
Hojbro Plads 9-11, Copenhagen, DNK, 1200
Laan & Spar Bank AS is a bank. It is engaged in the operation of specialty banking services for household customers. The company offers deposits, car and housing loans, business loans, and mortgages; and cards. It also provides investment, and pension and insurance services; and Internet banking and payment services.

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