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Philly Shipyard ASA (OSL:PHLY) Cyclically Adjusted FCF per Share : kr3.01 (As of Mar. 2024)


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What is Philly Shipyard 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.

Philly Shipyard ASA's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr-20.947. 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 kr3.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Philly Shipyard ASA's average Cyclically Adjusted FCF Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -55.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -32.40% 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 Philly Shipyard ASA was 12.30% per year. The lowest was -55.20% per year. And the median was -2.35% per year.

As of today (2024-06-22), Philly Shipyard ASA's current stock price is kr64.60. Philly Shipyard ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr3.01. Philly Shipyard ASA's Cyclically Adjusted Price-to-FCF of today is 21.46.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Philly Shipyard ASA was 73.70. The lowest was 1.81. And the median was 4.78.


Philly Shipyard ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Philly Shipyard 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.

Philly Shipyard ASA Cyclically Adjusted FCF per Share Chart

Philly Shipyard 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 7.52 8.14 21.90 9.04 0.73

Philly Shipyard ASA 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 2.95 2.78 2.51 0.73 3.01

Competitive Comparison of Philly Shipyard ASA's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, Philly Shipyard 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.


Philly Shipyard ASA's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Philly Shipyard ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Philly Shipyard 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, Philly Shipyard ASA'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)
=-20.947/132.6000*132.6000
=-20.947

Current CPI (Mar. 2024) = 132.6000.

Philly Shipyard ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 18.696 97.500 25.427
201409 -11.820 98.500 -15.912
201412 -16.794 98.600 -22.585
201503 -10.169 99.200 -13.593
201506 -43.675 100.100 -57.855
201509 22.169 100.600 29.221
201512 31.866 100.900 41.877
201603 -25.619 102.500 -33.142
201606 22.502 103.800 28.745
201609 -14.215 104.200 -18.089
201612 26.153 104.400 33.217
201703 18.125 105.000 22.889
201706 -43.806 105.800 -54.902
201709 57.550 105.900 72.060
201712 34.620 106.100 43.267
201803 -3.658 107.300 -4.521
201806 -9.043 108.500 -11.052
201809 -7.560 109.500 -9.155
201812 -3.909 109.800 -4.721
201903 -6.042 110.400 -7.257
201906 -4.706 110.600 -5.642
201909 -5.801 111.100 -6.924
201912 1.977 111.300 2.355
202003 -6.005 111.200 -7.161
202006 25.588 112.100 30.267
202009 7.794 112.900 9.154
202012 7.399 112.900 8.690
202103 83.805 114.600 96.968
202106 55.305 115.300 63.603
202109 0.501 117.500 0.565
202112 -30.745 118.900 -34.288
202203 -51.218 119.800 -56.690
202206 -26.970 122.600 -29.170
202209 -54.860 125.600 -57.917
202212 41.740 125.900 43.961
202303 -16.179 127.600 -16.813
202306 -4.191 130.400 -4.262
202309 8.238 129.800 8.416
202312 -37.799 131.900 -38.000
202403 -20.947 132.600 -20.947

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


Philly Shipyard ASA  (OSL:PHLY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=64.60/3.01
=21.46

* 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 Philly Shipyard ASA was 73.70. The lowest was 1.81. And the median was 4.78.


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.


Philly Shipyard ASA Cyclically Adjusted FCF per Share Related Terms

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


Philly Shipyard ASA (OSL:PHLY) Business Description

Traded in Other Exchanges
Address
Vika Atrium, Munkedamsveien 45, Oslo, NOR, NO-0250
Philly Shipyard ASA operates as a commercial shipyard that constructs vessels for operation in the Jones Act market. It is engaged in delivering vessels and services under contract to customers. The Jones Act market encompasses all water-borne transportation between the United States ports, including between the mainland United States and non-contiguous areas of Alaska, Hawaii and Puerto Rico.

Philly Shipyard ASA (OSL:PHLY) Headlines

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