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SalMar ASA (OSL:SALM) Cyclically Adjusted FCF per Share : kr27.87 (As of Mar. 2025)


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What is SalMar 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.

SalMar ASA's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr-21.756. 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 kr27.87 for the trailing ten years ended in Mar. 2025.

During the past 12 months, SalMar ASA's average Cyclically Adjusted FCF Growth Rate was -7.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.70% 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 SalMar ASA was 16.00% per year. The lowest was 11.30% per year. And the median was 14.40% per year.

As of today (2025-06-21), SalMar ASA's current stock price is kr436.20. SalMar ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr27.87. SalMar ASA's Cyclically Adjusted Price-to-FCF of today is 15.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SalMar ASA was 34.31. The lowest was 12.63. And the median was 24.96.


SalMar ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SalMar 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.

SalMar ASA Cyclically Adjusted FCF per Share Chart

SalMar ASA 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 19.08 22.18 24.83 29.77 30.57

SalMar ASA 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 30.10 30.07 30.13 30.57 27.87

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

For the Farm Products subindustry, SalMar 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.


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

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

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


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SalMar 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, SalMar ASA'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)
=-21.756/136.1000*136.1000
=-21.756

Current CPI (Mar. 2025) = 136.1000.

SalMar ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 3.160 100.100 4.296
201509 1.509 100.600 2.042
201512 3.816 100.900 5.147
201603 8.895 102.500 11.811
201606 9.129 103.800 11.970
201609 8.326 104.200 10.875
201612 -2.140 104.400 -2.790
201703 6.512 105.000 8.441
201706 10.167 105.800 13.079
201709 8.612 105.900 11.068
201712 4.667 106.100 5.987
201803 5.605 107.300 7.109
201806 7.374 108.500 9.250
201809 11.995 109.500 14.909
201812 -0.329 109.800 -0.408
201903 7.084 110.400 8.733
201906 11.721 110.600 14.423
201909 5.266 111.100 6.451
201912 2.756 111.300 3.370
202003 11.436 111.200 13.997
202006 9.918 112.100 12.041
202009 6.488 112.900 7.821
202012 0.273 112.900 0.329
202103 1.210 114.600 1.437
202106 9.645 115.300 11.385
202109 8.047 117.500 9.321
202112 6.077 118.900 6.956
202203 6.985 119.800 7.935
202206 3.889 122.600 4.317
202209 6.205 125.600 6.724
202212 -1.989 125.900 -2.150
202303 6.616 127.600 7.057
202306 11.769 130.400 12.283
202309 19.430 129.800 20.373
202312 12.496 131.900 12.894
202403 7.053 132.600 7.239
202406 5.773 133.800 5.872
202409 0.515 133.700 0.524
202412 8.266 134.800 8.346
202503 -21.756 136.100 -21.756

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


SalMar ASA  (OSL:SALM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=436.20/27.87
=15.65

* 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 SalMar ASA was 34.31. The lowest was 12.63. And the median was 24.96.


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.


SalMar ASA Cyclically Adjusted FCF per Share Related Terms

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


SalMar ASA Business Description

Address
Industriveien 51, Kverva, NOR, 7266
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make them more convenient for customers. The salmon are sold through an in-house salesforce and close partners of the company. Proximity to customers and tracking the use of resources play a factor in delivering the raw material.