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Mowi ASA (OSL:MOWI) Cyclically Adjusted FCF per Share : kr8.41 (As of Dec. 2023)


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What is Mowi ASA 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.

Mowi ASA's adjusted free cash flow per share for the three months ended in Dec. 2023 was kr0.575. 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 kr8.41 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mowi ASA's average Cyclically Adjusted FCF Growth Rate was 24.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.60% 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 Mowi ASA was 17.30% per year. The lowest was 3.00% per year. And the median was 7.85% per year.

As of today (2024-05-05), Mowi ASA's current stock price is kr194.10. Mowi ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was kr8.41. Mowi ASA's Cyclically Adjusted Price-to-FCF of today is 23.08.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mowi ASA was 45.18. The lowest was 19.95. And the median was 34.01.


Mowi ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mowi ASA'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.

Mowi ASA Cyclically Adjusted FCF per Share Chart

Mowi ASA 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 5.28 5.21 6.12 6.77 8.41

Mowi ASA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.77 7.55 7.78 7.99 8.41

Competitive Comparison of Mowi ASA's Cyclically Adjusted FCF per Share

For the Farm Products subindustry, Mowi ASA'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.


Mowi ASA's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mowi ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mowi ASA 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, Mowi ASA's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.575/131.9000*131.9000
=0.575

Current CPI (Dec. 2023) = 131.9000.

Mowi ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.848 97.300 2.505
201406 2.355 97.500 3.186
201409 0.773 98.500 1.035
201412 0.041 98.600 0.055
201503 0.025 99.200 0.033
201506 0.685 100.100 0.903
201509 0.411 100.600 0.539
201512 -0.823 100.900 -1.076
201603 2.248 102.500 2.893
201606 3.206 103.800 4.074
201609 2.377 104.200 3.009
201612 1.877 104.400 2.371
201703 3.846 105.000 4.831
201706 1.864 105.800 2.324
201709 1.426 105.900 1.776
201712 0.278 106.100 0.346
201803 2.184 107.300 2.685
201806 0.814 108.500 0.990
201809 1.765 109.500 2.126
201812 0.570 109.800 0.685
201903 3.812 110.400 4.554
201906 1.550 110.600 1.849
201909 2.462 111.100 2.923
201912 1.094 111.300 1.296
202003 3.288 111.200 3.900
202006 0.946 112.100 1.113
202009 -0.773 112.900 -0.903
202012 0.580 112.900 0.678
202103 3.495 114.600 4.023
202106 4.643 115.300 5.311
202109 3.423 117.500 3.842
202112 0.375 118.900 0.416
202203 4.172 119.800 4.593
202206 2.756 122.600 2.965
202209 1.108 125.600 1.164
202212 -2.097 125.900 -2.197
202303 6.610 127.600 6.833
202306 2.994 130.400 3.028
202309 2.840 129.800 2.886
202312 0.575 131.900 0.575

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


Mowi ASA  (OSL:MOWI) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=194.10/8.41
=23.08

* 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 Mowi ASA was 45.18. The lowest was 19.95. And the median was 34.01.


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.


Mowi ASA Cyclically Adjusted FCF per Share Related Terms

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


Mowi ASA (OSL:MOWI) Business Description

Address
Sandviksboder 77A/B, Bergen, NOR, 5035
Mowi ASA is a Norway based producer of farmed salmon. It distributes salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. The fish are processed and sold once each specimen reaches harvestable weight. Additionally, it owns secondary processor facilities that help transform the fish into ready-to-eat and packaged products.

Mowi ASA (OSL:MOWI) Headlines

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