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Kinnevik AB (OSTO:KINV A) Cyclically Adjusted FCF per Share : kr8.00 (As of Mar. 2024)


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What is Kinnevik 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.

Kinnevik AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr-0.465. 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 kr8.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kinnevik AB's average Cyclically Adjusted FCF Growth Rate was -19.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.30% 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 Kinnevik AB was 16.20% per year. The lowest was 5.60% per year. And the median was 8.25% per year.

As of today (2024-06-04), Kinnevik AB's current stock price is kr123.00. Kinnevik AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr8.00. Kinnevik AB's Cyclically Adjusted Price-to-FCF of today is 15.38.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kinnevik AB was 90.18. The lowest was 9.18. And the median was 42.41.


Kinnevik AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kinnevik 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.

Kinnevik AB Cyclically Adjusted FCF per Share Chart

Kinnevik AB 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 6.38 6.65 7.71 10.00 7.98

Kinnevik AB 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 9.99 10.32 10.39 7.98 8.00

Competitive Comparison of Kinnevik AB's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, Kinnevik 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.


Kinnevik AB's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kinnevik AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kinnevik 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, Kinnevik AB'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)
=-0.465/132.2054*132.2054
=-0.465

Current CPI (Mar. 2024) = 132.2054.

Kinnevik AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.030 100.432 6.621
201409 -0.479 100.161 -0.632
201412 -0.220 100.225 -0.290
201503 -0.191 99.950 -0.253
201506 10.577 99.995 13.984
201509 -0.180 100.228 -0.237
201512 -0.205 100.276 -0.270
201603 -0.282 100.751 -0.370
201606 6.121 101.019 8.011
201609 -0.134 101.138 -0.175
201612 -0.269 102.022 -0.349
201703 -0.269 102.022 -0.349
201706 6.440 102.752 8.286
201709 1.303 103.279 1.668
201712 -0.240 103.793 -0.306
201803 -0.011 103.962 -0.014
201806 4.188 104.875 5.279
201809 0.091 105.679 0.114
201812 1.432 105.912 1.788
201903 -0.333 105.886 -0.416
201906 3.076 106.742 3.810
201909 3.825 107.214 4.717
201912 2.973 107.766 3.647
202003 -0.488 106.563 -0.605
202006 1.659 107.498 2.040
202009 -0.389 107.635 -0.478
202012 3.996 108.296 4.878
202103 -0.468 108.360 -0.571
202106 1.785 108.928 2.166
202109 1.781 110.338 2.134
202112 1.623 112.486 1.908
202203 -0.542 114.825 -0.624
202206 10.803 118.384 12.064
202209 -0.296 122.296 -0.320
202212 1.411 126.365 1.476
202303 -0.439 127.042 -0.457
202306 1.545 129.407 1.578
202309 -0.490 130.224 -0.497
202312 1.517 131.912 1.520
202403 -0.465 132.205 -0.465

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


Kinnevik AB  (OSTO:KINV A) 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.

Kinnevik AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=123.00/8
=15.38

* 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 Kinnevik AB was 90.18. The lowest was 9.18. And the median was 42.41.


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.


Kinnevik AB Cyclically Adjusted FCF per Share Related Terms

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


Kinnevik AB (OSTO:KINV A) Business Description

Traded in Other Exchanges
Address
Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13
Kinnevik AB is an operationally oriented investment group with an entrepreneurial focus on building digital brands. It concentrates its growth-style investment efforts on four sectors: TMT, e-commerce and marketplaces, Healthcare and financial services. Nearly all of its capital is committed to the communication and e-commerce and marketplace sectors. The group, through its various subsidiaries, is geographically diversified and operationally present in over 80 countries. Kinnevik's bias is toward investing in emerging markets because of the opportunity afforded by these markets' reliance on legacy products and services. A key component of its strategy is to create consumer choice of solutions in markets where supply may have been previously constrained.

Kinnevik AB (OSTO:KINV A) Headlines

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