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TORM (OCSE:TRMD A) Cyclically Adjusted FCF per Share : kr2.53 (As of Mar. 2025)


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What is TORM 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.

TORM's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr3.775. 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 kr2.53 for the trailing ten years ended in Mar. 2025.

During the past 12 months, TORM's average Cyclically Adjusted FCF Growth Rate was -87.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -67.00% 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 TORM was -32.90% per year. The lowest was -67.00% per year. And the median was -49.95% per year.

As of today (2025-07-07), TORM's current stock price is kr110.05. TORM's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr2.53. TORM's Cyclically Adjusted Price-to-FCF of today is 43.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TORM was 86.99. The lowest was 0.75. And the median was 4.02.


TORM Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TORM'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.

TORM Cyclically Adjusted FCF per Share Chart

TORM 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 58.03 51.59 54.06 17.51 1.86

TORM 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 20.67 16.98 17.85 1.86 2.53

Competitive Comparison of TORM's Cyclically Adjusted FCF per Share

For the Oil & Gas Midstream subindustry, TORM'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.


TORM's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TORM's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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TORM 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, TORM'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)
=3.775/136.1000*136.1000
=3.775

Current CPI (Mar. 2025) = 136.1000.

TORM Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 4.395 100.100 5.976
201509 5.205 100.200 7.070
201512 -10.277 100.400 -13.931
201603 0.724 100.400 0.981
201606 2.593 101.000 3.494
201609 2.181 101.500 2.924
201612 0.004 102.200 0.005
201703 1.055 102.700 1.398
201706 2.766 103.500 3.637
201709 -11.766 104.300 -15.353
201712 4.689 105.000 6.078
201803 -5.489 105.100 -7.108
201806 -1.847 105.900 -2.374
201809 0.138 106.600 0.176
201812 -4.449 107.100 -5.654
201903 2.628 107.000 3.343
201906 -3.686 107.900 -4.649
201909 -11.502 108.400 -14.441
201912 -6.882 108.500 -8.633
202003 -1.691 108.600 -2.119
202006 5.837 108.800 7.302
202009 2.864 109.200 3.570
202012 -1.459 109.400 -1.815
202103 -2.620 109.700 -3.251
202106 -12.546 111.400 -15.328
202109 -3.920 112.400 -4.747
202112 -2.788 114.700 -3.308
202203 -2.259 116.500 -2.639
202206 5.051 120.500 5.705
202209 10.770 122.300 11.985
202212 19.467 125.300 21.145
202303 -0.033 126.800 -0.035
202306 5.857 129.400 6.160
202309 14.287 130.100 14.946
202312 3.300 130.500 3.442
202403 -4.082 131.600 -4.222
202406 18.722 133.000 19.158
202409 4.419 133.500 4.505
202412 -1.843 135.100 -1.857
202503 3.775 136.100 3.775

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


TORM  (OCSE:TRMD A) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=110.05/2.53
=43.50

* 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 TORM was 86.99. The lowest was 0.75. And the median was 4.02.


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.


TORM Cyclically Adjusted FCF per Share Related Terms

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


TORM Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TORM PLC (OCSE:TRMD A) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
120 Cannon Street, 4th Floor, London, GBR, EC4N 6AS
TORM PLC operates as a shipping company. The company owns and operates product tankers. It is engaged in the transportation of refined oil products The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products. Its segments include the Tanker segment, and Marine Engineering segment. The company derives maximum revenue from Tanker segment.

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