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Norwegian Air Shuttle ASA (OSTO:NASO) Cyclically Adjusted FCF per Share : kr-2,517.85 (As of Mar. 2024)


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What is Norwegian Air Shuttle 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.

Norwegian Air Shuttle ASA's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr2.888. 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-2,517.85 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -2.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.10% 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 Norwegian Air Shuttle ASA was -0.70% per year. The lowest was -2.80% per year. And the median was -2.10% per year.

As of today (2024-06-04), Norwegian Air Shuttle ASA's current stock price is kr15.35. Norwegian Air Shuttle ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr-2,517.85. Norwegian Air Shuttle ASA's Cyclically Adjusted Price-to-FCF of today is .


Norwegian Air Shuttle ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Norwegian Air Shuttle 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.

Norwegian Air Shuttle ASA Cyclically Adjusted FCF per Share Chart

Norwegian Air Shuttle 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 -2,379.47 -2,409.51 -2,404.43 -2,483.18 -2,596.88

Norwegian Air Shuttle ASA Quarterly Data
Mar19 Jun19 Sep19 Dec19 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 -2,420.51 -2,604.08 -2,617.13 -2,596.88 -2,517.85

Competitive Comparison of Norwegian Air Shuttle ASA's Cyclically Adjusted FCF per Share

For the Airlines subindustry, Norwegian Air Shuttle 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.


Norwegian Air Shuttle ASA's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Norwegian Air Shuttle 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, Norwegian Air Shuttle 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)
=2.888/132.6000*132.6000
=2.888

Current CPI (Mar. 2024) = 132.6000.

Norwegian Air Shuttle ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 23.657 97.300 32.240
201406 -518.493 97.500 -705.150
201409 -358.060 98.500 -482.018
201412 -796.482 98.600 -1,071.131
201503 -209.874 99.200 -280.537
201506 77.809 100.100 103.072
201509 -530.042 100.600 -698.644
201512 -336.237 100.900 -441.873
201603 119.064 102.500 154.028
201606 -245.321 103.800 -313.387
201609 -728.277 104.200 -926.771
201612 -858.376 104.400 -1,090.236
201703 963.368 105.000 1,216.596
201706 371.710 105.800 465.867
201709 189.338 105.900 237.075
201712 -6,088.284 106.100 -7,608.920
201803 -1,279.028 107.300 -1,580.607
201806 -482.294 108.500 -589.421
201809 -848.632 109.500 -1,027.658
201812 -1,578.095 109.800 -1,905.787
201903 -53.362 110.400 -64.092
201906 182.160 110.600 218.394
201909 339.232 111.100 404.880
201912 -2.974 111.300 -3.543
202006 0.000 112.100 0.000
202009 -13.627 112.900 -16.005
202012 -8.328 112.900 -9.781
202103 -5.478 114.600 -6.338
202106 -0.389 115.300 -0.447
202109 0.393 117.500 0.444
202112 0.126 118.900 0.141
202203 0.115 119.800 0.127
202206 0.369 122.600 0.399
202209 0.942 125.600 0.995
202212 -0.039 125.900 -0.041
202303 1.535 127.600 1.595
202306 1.311 130.400 1.333
202309 1.021 129.800 1.043
202312 0.546 131.900 0.549
202403 2.888 132.600 2.888

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


Norwegian Air Shuttle ASA  (OSTO:NASo) 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.


Norwegian Air Shuttle ASA Cyclically Adjusted FCF per Share Related Terms

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


Norwegian Air Shuttle ASA (OSTO:NASO) Business Description

Traded in Other Exchanges
Address
Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA operates a short-haul network across the Nordics and to key European destinations. The group provides its customers with excellent quality at affordable fares with a network of more than 300 routes. The group has one operating segment, which is low-cost air passenger travel. Norwegian believes in affordable fares for all and offers quality flights at a low fare based on operational excellence and helpful, friendly service.

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