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Royal Unibrew AS (OCSE:RBREW) Cyclically Adjusted FCF per Share : kr30.07 (As of Sep. 2024)


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What is Royal Unibrew 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.

Royal Unibrew AS's adjusted free cash flow per share for the three months ended in Sep. 2024 was kr6.293. 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 kr30.07 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Royal Unibrew AS's average Cyclically Adjusted FCF Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.90% 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 Royal Unibrew AS was 11.50% per year. The lowest was 2.20% per year. And the median was 9.40% per year.

As of today (2024-12-15), Royal Unibrew AS's current stock price is kr525.00. Royal Unibrew AS's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was kr30.07. Royal Unibrew AS's Cyclically Adjusted Price-to-FCF of today is 17.46.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Royal Unibrew AS was 36.27. The lowest was 13.41. And the median was 22.88.


Royal Unibrew AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Royal Unibrew 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.

Royal Unibrew AS Cyclically Adjusted FCF per Share Chart

Royal Unibrew AS 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 19.92 22.13 24.94 27.59 28.99

Royal Unibrew AS 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 28.83 28.99 29.06 30.13 30.07

Competitive Comparison of Royal Unibrew AS's Cyclically Adjusted FCF per Share

For the Beverages - Brewers subindustry, Royal Unibrew 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.


Royal Unibrew AS's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Royal Unibrew AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Royal Unibrew 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, Royal Unibrew AS'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)
=6.293/118.9000*118.9000
=6.293

Current CPI (Sep. 2024) = 118.9000.

Royal Unibrew AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.301 99.400 1.556
201503 -2.495 100.200 -2.961
201506 39.911 100.300 47.312
201509 37.926 100.200 45.004
201512 5.323 99.800 6.342
201603 -3.068 100.200 -3.641
201606 9.342 100.600 11.041
201609 4.677 100.200 5.550
201612 2.563 100.300 3.038
201703 -1.257 101.200 -1.477
201706 10.184 101.200 11.965
201709 4.070 101.800 4.754
201712 4.654 101.300 5.463
201803 -5.716 101.700 -6.683
201806 16.852 102.300 19.587
201809 8.108 102.400 9.414
201812 -2.045 102.100 -2.381
201903 -3.320 102.900 -3.836
201906 15.689 102.900 18.128
201909 8.586 102.900 9.921
201912 2.021 102.900 2.335
202003 -1.171 103.300 -1.348
202006 13.470 103.200 15.519
202009 18.240 103.500 20.954
202012 -0.945 103.400 -1.087
202103 -1.996 104.300 -2.275
202106 16.458 105.000 18.637
202109 11.495 105.800 12.918
202112 1.440 106.600 1.606
202203 -7.665 109.900 -8.293
202206 13.660 113.600 14.297
202209 6.609 116.400 6.751
202212 -0.081 115.900 -0.083
202303 -7.959 117.300 -8.068
202306 19.560 116.400 19.980
202309 4.746 117.400 4.807
202312 6.898 116.700 7.028
202403 -9.040 118.400 -9.078
202406 21.674 118.500 21.747
202409 6.293 118.900 6.293

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


Royal Unibrew AS  (OCSE:RBREW) 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.

Royal Unibrew AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=525.00/30.07
=17.46

* 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 Royal Unibrew AS was 36.27. The lowest was 13.41. And the median was 22.88.


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.


Royal Unibrew AS Cyclically Adjusted FCF per Share Related Terms

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


Royal Unibrew AS Business Description

Traded in Other Exchanges
Address
Faxe Alle 1, Faxe, DNK, DK-4640
Royal Unibrew AS produces and sells alcoholic and nonalcoholic beverages including beer, malt beverages, cider, soft drinks, juice, and water. The company's operating segments are Northern Europe, Western Europe and International. The vast majority of the company's revenue comes from its Northern Europe segment, which includes Denmark, Germany, and Italy, Finland, Latvia, Lithuania, and Estonia.

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