GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zalaris ASA (OSL:ZAL) » Definitions » Cyclically Adjusted FCF per Share

Zalaris ASA (OSL:ZAL) Cyclically Adjusted FCF per Share : kr-1.12 (As of Mar. 2025)


View and export this data going back to 2014. Start your Free Trial

What is Zalaris 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.

Zalaris ASA's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr0.731. 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-1.12 for the trailing ten years ended in Mar. 2025.

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.

As of today (2025-05-21), Zalaris ASA's current stock price is kr82.60. Zalaris ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr-1.12. Zalaris ASA's Cyclically Adjusted Price-to-FCF of today is .


Zalaris ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Zalaris 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.

Zalaris ASA Cyclically Adjusted FCF per Share Chart

Zalaris 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 - - -1.01 -1.49 -1.26

Zalaris 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 -1.47 -1.37 -1.43 -1.26 -1.12

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

For the Staffing & Employment Services subindustry, Zalaris 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.


Zalaris ASA's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zalaris ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


;
;

Zalaris 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, Zalaris 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)
=0.731/136.1000*136.1000
=0.731

Current CPI (Mar. 2025) = 136.1000.

Zalaris ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.147 100.100 0.200
201509 0.000 100.600 0.000
201512 0.838 100.900 1.130
201603 -0.887 102.500 -1.178
201606 0.341 103.800 0.447
201609 -0.228 104.200 -0.298
201612 0.744 104.400 0.970
201703 -0.393 105.000 -0.509
201706 -8.486 105.800 -10.916
201709 -2.258 105.900 -2.902
201712 -6.007 106.100 -7.705
201803 -0.374 107.300 -0.474
201806 -0.412 108.500 -0.517
201809 0.340 109.500 0.423
201812 -0.327 109.800 -0.405
201903 -1.320 110.400 -1.627
201906 -0.108 110.600 -0.133
201909 0.595 111.100 0.729
201912 1.528 111.300 1.868
202003 0.675 111.200 0.826
202006 2.070 112.100 2.513
202009 0.421 112.900 0.508
202012 0.656 112.900 0.791
202103 -0.106 114.600 -0.126
202106 -0.358 115.300 -0.423
202109 0.237 117.500 0.275
202112 0.730 118.900 0.836
202203 -0.425 119.800 -0.483
202206 -0.104 122.600 -0.115
202209 -0.862 125.600 -0.934
202212 0.157 125.900 0.170
202303 -0.414 127.600 -0.442
202306 -0.063 130.400 -0.066
202309 0.436 129.800 0.457
202312 1.109 131.900 1.144
202403 0.030 132.600 0.031
202406 0.451 133.800 0.459
202409 1.589 133.700 1.618
202412 2.196 134.800 2.217
202503 0.731 136.100 0.731

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


Zalaris ASA  (OSL:ZAL) 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.


Zalaris ASA Cyclically Adjusted FCF per Share Related Terms

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


Zalaris ASA Business Description

Industry
Traded in Other Exchanges
Address
Hoffsveien 4, Oslo, NOR, NO-0275
Zalaris ASA is a company that offers outsourced personnel and payroll services. The company has two reportable segments: Managed Services and Professional Services. Managed Services include payroll and HR outsourcing services, cloud system solutions and services, and contribute to the majority of the revenue. Professional Services include change project deliveries and customer-specific functionality implementation. Zalaris operates in Norway, Northern Europe, Central Europe, the UK, Ireland, and APAC.

Zalaris ASA Headlines

No Headlines