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Melhus Sparebank (OSL:MELG) Cyclically Adjusted FCF per Share : kr-98.21 (As of Mar. 2025)


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What is Melhus Sparebank 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.

Melhus Sparebank's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr75.054. 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 kr-98.21 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.20% 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 Melhus Sparebank was 15.60% per year. The lowest was -8.90% per year. And the median was -0.40% per year.

As of today (2025-05-28), Melhus Sparebank's current stock price is kr173.02. Melhus Sparebank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr-98.21. Melhus Sparebank's Cyclically Adjusted Price-to-FCF of today is .


Melhus Sparebank Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Melhus Sparebank'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.

Melhus Sparebank Cyclically Adjusted FCF per Share Chart

Melhus Sparebank 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 -155.77 -178.89 -198.38 -145.71 -107.47

Melhus Sparebank 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 -146.80 -125.23 -130.38 -107.47 -98.21

Competitive Comparison of Melhus Sparebank's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Melhus Sparebank'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.


Melhus Sparebank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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


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Melhus Sparebank 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, Melhus Sparebank'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)
=75.054/136.1000*136.1000
=75.054

Current CPI (Mar. 2025) = 136.1000.

Melhus Sparebank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 15.908 100.100 21.629
201509 44.763 100.600 60.559
201512 -245.962 100.900 -331.768
201603 -198.911 102.500 -264.115
201606 -226.930 103.800 -297.545
201609 -57.443 104.200 -75.029
201612 119.410 104.400 155.668
201703 -41.263 105.000 -53.485
201706 -97.467 105.800 -125.381
201709 85.250 105.900 109.561
201712 -11.793 106.100 -15.127
201803 -60.550 107.300 -76.802
201806 -43.843 108.500 -54.996
201809 -25.066 109.500 -31.155
201812 29.650 109.800 36.752
201903 22.113 110.400 27.261
201906 -155.365 110.600 -191.186
201909 15.130 111.100 18.535
201912 69.805 111.300 85.359
202003 -24.414 111.200 -29.881
202006 -82.527 112.100 -100.196
202009 -26.015 112.900 -31.361
202012 68.827 112.900 82.970
202103 -107.641 114.600 -127.835
202106 -70.857 115.300 -83.640
202109 63.873 117.500 73.984
202112 -19.689 118.900 -22.537
202203 -90.602 119.800 -102.929
202206 164.851 122.600 183.003
202209 85.157 125.600 92.276
202212 -112.559 125.900 -121.678
202303 170.968 127.600 182.357
202306 -54.827 130.400 -57.224
202309 32.643 129.800 34.227
202312 -74.364 131.900 -76.732
202403 16.094 132.600 16.519
202406 215.747 133.800 219.456
202409 -147.972 133.700 -150.628
202412 -35.650 134.800 -35.994
202503 75.054 136.100 75.054

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


Melhus Sparebank  (OSL:MELG) 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.


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.


Melhus Sparebank Cyclically Adjusted FCF per Share Related Terms

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


Melhus Sparebank Business Description

Industry
Traded in Other Exchanges
Address
Melhus Road 439, Melhus, NOR, 7224
Melhus Sparebank is a savings bank that offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

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