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Investors House Oyj (OHEL:INVEST) Cyclically Adjusted FCF per Share : €0.20 (As of Mar. 2024)


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What is Investors House Oyj 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.

Investors House Oyj's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.002. 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 €0.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Investors House Oyj's average Cyclically Adjusted FCF Growth Rate was -4.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.60% 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 Investors House Oyj was -1.60% per year. The lowest was -1.60% per year. And the median was -1.60% per year.

As of today (2024-06-19), Investors House Oyj's current stock price is €5.24. Investors House Oyj's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.20. Investors House Oyj's Cyclically Adjusted Price-to-FCF of today is 26.20.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Investors House Oyj was 31.83. The lowest was 19.72. And the median was 25.87.


Investors House Oyj Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Investors House Oyj'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.

Investors House Oyj Cyclically Adjusted FCF per Share Chart

Investors House Oyj 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 - 0.21 0.23 0.22 0.20

Investors House Oyj 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 0.21 0.21 0.19 0.20 0.20

Competitive Comparison of Investors House Oyj's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, Investors House Oyj'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.


Investors House Oyj's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Investors House Oyj's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Investors House Oyj 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, Investors House Oyj'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)
=0.002/122.3600*122.3600
=0.002

Current CPI (Mar. 2024) = 122.3600.

Investors House Oyj Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.040 100.147 0.049
201409 -0.019 100.726 -0.023
201412 -0.037 100.229 -0.045
201503 -0.238 100.120 -0.291
201506 0.133 100.030 0.163
201509 0.118 100.130 0.144
201512 -0.046 99.990 -0.056
201603 0.071 100.080 0.087
201606 0.009 100.390 0.011
201609 0.059 100.540 0.072
201612 -0.013 101.020 -0.016
201703 0.130 100.910 0.158
201706 0.045 101.140 0.054
201709 0.179 101.320 0.216
201712 0.011 101.510 0.013
201803 0.098 101.730 0.118
201806 0.044 102.320 0.053
201809 0.045 102.600 0.054
201812 0.020 102.710 0.024
201903 -0.163 102.870 -0.194
201906 0.154 103.360 0.182
201909 0.178 103.540 0.210
201912 0.026 103.650 0.031
202003 0.324 103.490 0.383
202006 0.046 103.320 0.054
202009 0.080 103.710 0.094
202012 0.077 103.890 0.091
202103 0.018 104.870 0.021
202106 0.107 105.360 0.124
202109 0.154 106.290 0.177
202112 0.070 107.490 0.080
202203 0.082 110.950 0.090
202206 0.058 113.570 0.062
202209 0.005 114.920 0.005
202212 -0.222 117.320 -0.232
202303 0.004 119.750 0.004
202306 -0.023 120.690 -0.023
202309 -0.105 121.280 -0.106
202312 0.141 121.540 0.142
202403 0.002 122.360 0.002

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


Investors House Oyj  (OHEL:INVEST) 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.

Investors House Oyj's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.24/0.2
=26.20

* 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 Investors House Oyj was 31.83. The lowest was 19.72. And the median was 25.87.


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.


Investors House Oyj Cyclically Adjusted FCF per Share Related Terms

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


Investors House Oyj (OHEL:INVEST) Business Description

Industry
Traded in Other Exchanges
N/A
Address
C / o Law Office Ilpo Pirilä Ky, Antinkatu 12 B, Pori, FIN, 28100
Investors House Oyj operates in the real estate sector. The company is a real estate investment company engaged in direct investment activities and management of real estate.

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