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SpareBank 1 SMN (OSL:MING) Cyclically Adjusted FCF per Share : kr0.87 (As of Mar. 2025)


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What is SpareBank 1 SMN 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.

SpareBank 1 SMN's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr34.494. 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 kr0.87 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 0.10% 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 SpareBank 1 SMN was 36.50% per year. The lowest was -26.20% per year. And the median was -0.10% per year.

As of today (2025-06-14), SpareBank 1 SMN's current stock price is kr189.40. SpareBank 1 SMN's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr0.87. SpareBank 1 SMN's Cyclically Adjusted Price-to-FCF of today is 217.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SpareBank 1 SMN was 267.56. The lowest was 222.71. And the median was 258.62.


SpareBank 1 SMN Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SpareBank 1 SMN'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.

SpareBank 1 SMN Cyclically Adjusted FCF per Share Chart

SpareBank 1 SMN 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 -1.99 -4.35 -9.13 -4.00 -4.99

SpareBank 1 SMN 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 -2.37 -4.36 -4.31 -4.99 0.87

Competitive Comparison of SpareBank 1 SMN's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, SpareBank 1 SMN'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.


SpareBank 1 SMN's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 SMN's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where SpareBank 1 SMN's Cyclically Adjusted Price-to-FCF falls into.


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SpareBank 1 SMN 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, SpareBank 1 SMN'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)
=34.494/136.1000*136.1000
=34.494

Current CPI (Mar. 2025) = 136.1000.

SpareBank 1 SMN Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 16.159 100.100 21.970
201509 -23.892 100.600 -32.323
201512 7.163 100.900 9.662
201603 -18.585 102.500 -24.677
201606 -18.408 103.800 -24.136
201609 6.793 104.200 8.873
201612 4.136 104.400 5.392
201703 -19.540 105.000 -25.328
201706 11.924 105.800 15.339
201709 3.827 105.900 4.918
201712 -9.676 106.100 -12.412
201803 -6.595 107.300 -8.365
201806 -9.862 108.500 -12.371
201809 -12.217 109.500 -15.185
201812 -1.466 109.800 -1.817
201903 18.098 110.400 22.311
201906 33.543 110.600 41.277
201909 -34.138 111.100 -41.820
201912 14.743 111.300 18.028
202003 -9.686 111.200 -11.855
202006 15.422 112.100 18.724
202009 -3.479 112.900 -4.194
202012 39.142 112.900 47.185
202103 -58.443 114.600 -69.407
202106 37.184 115.300 43.892
202109 -3.282 117.500 -3.802
202112 9.391 118.900 10.749
202203 22.524 119.800 25.589
202206 6.044 122.600 6.710
202209 -82.952 125.600 -89.887
202212 -13.098 125.900 -14.159
202303 6.586 127.600 7.025
202306 10.653 130.400 11.119
202309 30.829 129.800 32.325
202312 8.246 131.900 8.509
202403 25.103 132.600 25.766
202406 -18.621 133.800 -18.941
202409 -11.897 133.700 -12.111
202412 11.502 134.800 11.613
202503 34.494 136.100 34.494

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


SpareBank 1 SMN  (OSL:MING) 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.

SpareBank 1 SMN's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=189.40/0.87
=217.70

* 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 SpareBank 1 SMN was 267.56. The lowest was 222.71. And the median was 258.62.


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.


SpareBank 1 SMN Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of SpareBank 1 SMN's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SpareBank 1 SMN Business Description

Industry
Traded in Other Exchanges
Address
Sondre gate 4, Trondheim, NOR, 7011
SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. The services and products of the bank serves real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank's income is split nearly evenly between net interest income and net fees and commission income.

SpareBank 1 SMN Headlines

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