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Hennes & Mauritz AB (OSTO:HM B) Cyclically Adjusted FCF per Share : kr13.24 (As of Feb. 2025)


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What is Hennes & Mauritz AB 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.

Hennes & Mauritz AB's adjusted free cash flow per share for the three months ended in Feb. 2025 was kr1.384. 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 kr13.24 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Hennes & Mauritz AB's average Cyclically Adjusted FCF Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.10% 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 Hennes & Mauritz AB was 15.10% per year. The lowest was 1.70% per year. And the median was 9.70% per year.

As of today (2025-05-29), Hennes & Mauritz AB's current stock price is kr138.00. Hennes & Mauritz AB's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2025 was kr13.24. Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF of today is 10.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hennes & Mauritz AB was 26.98. The lowest was 8.88. And the median was 16.39.


Hennes & Mauritz AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hennes & Mauritz AB'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.

Hennes & Mauritz AB Cyclically Adjusted FCF per Share Chart

Hennes & Mauritz AB Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.50 10.48 11.97 12.97 13.25

Hennes & Mauritz AB Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 13.14 13.30 13.24 13.25 13.24

Competitive Comparison of Hennes & Mauritz AB's Cyclically Adjusted FCF per Share

For the Apparel Manufacturing subindustry, Hennes & Mauritz AB'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.


Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF falls into.


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Hennes & Mauritz AB 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, Hennes & Mauritz AB's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=1.384/133.7436*133.7436
=1.384

Current CPI (Feb. 2025) = 133.7436.

Hennes & Mauritz AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201505 3.733 100.285 4.978
201508 0.625 99.829 0.837
201511 1.262 100.129 1.686
201602 1.082 100.253 1.443
201605 3.107 100.914 4.118
201608 0.802 100.968 1.062
201611 1.310 101.517 1.726
201702 -0.034 102.037 -0.045
201705 3.306 102.679 4.306
201708 1.338 103.138 1.735
201711 0.899 103.413 1.163
201802 -0.484 103.678 -0.624
201805 2.556 104.632 3.267
201808 1.804 105.197 2.294
201811 1.235 105.443 1.566
201902 -0.330 105.641 -0.418
201905 2.946 106.895 3.686
201908 3.321 106.716 4.162
201911 5.329 107.345 6.640
202002 3.277 106.742 4.106
202005 -2.860 106.882 -3.579
202008 6.686 107.571 8.313
202011 5.464 107.549 6.795
202102 3.156 108.190 3.901
202105 8.364 108.838 10.278
202108 9.383 109.780 11.431
202111 3.964 111.069 4.773
202202 1.672 112.834 1.982
202205 4.711 116.746 5.397
202208 2.442 120.573 2.709
202211 2.526 123.803 2.729
202302 2.100 126.321 2.223
202305 3.536 128.034 3.694
202308 6.113 129.560 6.310
202311 3.589 130.958 3.665
202402 1.537 132.046 1.557
202405 6.330 132.818 6.374
202408 3.131 132.052 3.171
202411 1.607 133.000 1.616
202502 1.384 133.744 1.384

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


Hennes & Mauritz AB  (OSTO:HM B) 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.

Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=138.00/13.24
=10.42

* 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 Hennes & Mauritz AB was 26.98. The lowest was 8.88. And the median was 16.39.


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.


Hennes & Mauritz AB Cyclically Adjusted FCF per Share Related Terms

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


Hennes & Mauritz AB Business Description

Traded in Other Exchanges
Address
Master Samuelsgatan 46A, Stockholm, SWE, SE-106 38
Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue, but the newer brands (COS, &Other Stories, Monki, Weekday, and Arket) are growing a bit faster. H&M commands low-single-digit market share in a fragmented global apparel market. Around 66% of revenue is generated in Europe and Africa, 12% in Asia and Oceania, and 22% in North and South America. The company operates around 4,200 stores globally of which 3,777 are H&M-branded stores.

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