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Nordea Bank Abp (OCSE:NDA DK) Cyclically Adjusted FCF per Share : kr4.78 (As of Mar. 2024)


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What is Nordea Bank Abp 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.

Nordea Bank Abp's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr-14.611. 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 kr4.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nordea Bank Abp's average Cyclically Adjusted FCF Growth Rate was -47.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.80% 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 Nordea Bank Abp was 27.10% per year. The lowest was -16.20% per year. And the median was 4.35% per year.

As of today (2024-05-20), Nordea Bank Abp's current stock price is kr85.22. Nordea Bank Abp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr4.78. Nordea Bank Abp's Cyclically Adjusted Price-to-FCF of today is 17.83.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nordea Bank Abp was 18.54. The lowest was 4.68. And the median was 7.52.


Nordea Bank Abp Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Nordea Bank Abp'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.

Nordea Bank Abp Cyclically Adjusted FCF per Share Chart

Nordea Bank Abp 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 4.33 4.89 7.52 8.35 6.05

Nordea Bank Abp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.16 9.39 9.42 6.05 4.78

Competitive Comparison of Nordea Bank Abp's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Nordea Bank Abp'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.


Nordea Bank Abp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Nordea Bank Abp 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, Nordea Bank Abp's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-14.611/122.3600*122.3600
=-14.611

Current CPI (Mar. 2024) = 122.3600.

Nordea Bank Abp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -14.949 100.147 -18.265
201409 -9.359 100.726 -11.369
201412 6.656 100.229 8.126
201503 17.681 100.120 21.609
201506 4.321 100.030 5.286
201509 -0.899 100.130 -1.099
201512 -21.764 99.990 -26.633
201603 31.320 100.080 38.293
201606 1.043 100.390 1.271
201609 7.132 100.540 8.680
201612 -35.381 101.020 -42.855
201703 54.219 100.910 65.744
201706 3.266 101.140 3.951
201709 -22.367 101.320 -27.012
201712 -13.682 101.510 -16.492
201803 -5.111 101.730 -6.147
201806 -3.793 102.320 -4.536
201809 18.307 102.600 21.833
201812 -5.621 102.710 -6.696
201903 12.822 102.870 15.251
201906 -9.734 103.360 -11.523
201909 -15.891 103.540 -18.779
201912 7.285 103.650 8.600
202003 16.064 103.490 18.993
202006 8.508 103.320 10.076
202009 3.408 103.710 4.021
202012 -31.276 103.890 -36.836
202103 41.690 104.870 48.643
202106 -8.175 105.360 -9.494
202109 45.168 106.290 51.997
202112 -47.694 107.490 -54.292
202203 46.691 110.950 51.493
202206 6.559 113.570 7.067
202209 3.734 114.920 3.976
202212 -16.438 117.320 -17.144
202303 5.047 119.750 5.157
202306 2.592 120.690 2.628
202309 -3.488 121.280 -3.519
202312 -18.898 121.540 -19.026
202403 -14.611 122.360 -14.611

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


Nordea Bank Abp  (OCSE:NDA DK) 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.

Nordea Bank Abp's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=85.22/4.78
=17.83

* 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 Nordea Bank Abp was 18.54. The lowest was 4.68. And the median was 7.52.


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.


Nordea Bank Abp Cyclically Adjusted FCF per Share Related Terms

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


Nordea Bank Abp (OCSE:NDA DK) Business Description

Industry
Address
Hamnbanegatan 5, Helsinki, FIN, FI-00020
Nordea is a universal Nordic bank which generates most of its income through vanilla lending products such as mortgages, household loans and corporate loans. The bank is also a leading equity and debt underwriter and issuer specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway.

Nordea Bank Abp (OCSE:NDA DK) Headlines

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