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Solar AS (OCSE:SOLAR B) Cyclically Adjusted FCF per Share : kr38.51 (As of Mar. 2025)


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What is Solar 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.

Solar AS's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr-32.890. 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 kr38.51 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Solar AS's average Cyclically Adjusted FCF Growth Rate was 2.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.30% 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 Solar AS was 10.70% per year. The lowest was -0.80% per year. And the median was 3.30% per year.

As of today (2025-07-17), Solar AS's current stock price is kr293.50. Solar AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr38.51. Solar AS's Cyclically Adjusted Price-to-FCF of today is 7.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Solar AS was 30.65. The lowest was 5.91. And the median was 13.69.


Solar AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Solar 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.

Solar AS Cyclically Adjusted FCF per Share Chart

Solar 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 29.78 34.71 29.15 35.12 37.40

Solar 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 37.70 41.39 36.24 37.40 38.51

Competitive Comparison of Solar AS's Cyclically Adjusted FCF per Share

For the Electronics & Computer Distribution subindustry, Solar 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.


Solar AS's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solar AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Solar 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, Solar 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)
=-32.89/120.2000*120.2000
=-32.890

Current CPI (Mar. 2025) = 120.2000.

Solar AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 7.389 100.300 8.855
201509 -10.548 100.200 -12.653
201512 63.468 99.800 76.441
201603 -34.714 100.200 -41.643
201606 1.556 100.600 1.859
201609 -5.164 100.200 -6.195
201612 52.213 100.300 62.572
201703 -18.883 101.200 -22.428
201706 -31.160 101.200 -37.010
201709 -3.970 101.800 -4.688
201712 34.464 101.300 40.894
201803 -10.123 101.700 -11.964
201806 -11.794 102.300 -13.858
201809 -6.837 102.400 -8.025
201812 66.630 102.100 78.442
201903 -22.606 102.900 -26.407
201906 -7.104 102.900 -8.298
201909 16.045 102.900 18.743
201912 32.057 102.900 37.447
202003 -9.453 103.300 -11.000
202006 36.428 103.200 42.429
202009 16.972 103.500 19.710
202012 55.874 103.400 64.952
202103 -15.185 104.300 -17.500
202106 39.486 105.000 45.202
202109 -14.063 105.800 -15.977
202112 69.092 106.600 77.907
202203 -37.842 109.900 -41.389
202206 -11.606 113.600 -12.280
202209 -6.963 116.400 -7.190
202212 27.676 115.900 28.703
202303 6.967 117.300 7.139
202306 3.143 116.400 3.246
202309 12.010 117.400 12.296
202312 57.341 116.700 59.061
202403 -6.800 118.400 -6.903
202406 19.407 118.500 19.685
202409 -37.957 118.900 -38.372
202412 55.556 118.900 56.163
202503 -32.890 120.200 -32.890

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


Solar AS  (OCSE:SOLAR B) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=293.50/38.51
=7.62

* 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 Solar AS was 30.65. The lowest was 5.91. And the median was 13.69.


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.


Solar AS Cyclically Adjusted FCF per Share Related Terms

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


Solar AS Business Description

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Industrivej Vest 43, Vejen, DNK, 6600
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.

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