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Swedbank AB (OSTO:SWED A) Cyclically Adjusted FCF per Share : kr23.41 (As of Mar. 2024)


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What is Swedbank 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.

Swedbank AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr63.944. 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 kr23.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Swedbank AB's average Cyclically Adjusted FCF Growth Rate was 38.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 23.20% 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 Swedbank AB was 67.20% per year. The lowest was -9.90% per year. And the median was 40.10% per year.

As of today (2024-05-30), Swedbank AB's current stock price is kr214.70. Swedbank AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr23.41. Swedbank AB's Cyclically Adjusted Price-to-FCF of today is 9.17.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Swedbank AB was 37.21. The lowest was 2.78. And the median was 8.12.


Swedbank AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Swedbank 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.

Swedbank AB Cyclically Adjusted FCF per Share Chart

Swedbank 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 14.80 26.45 24.95 28.08 19.35

Swedbank 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 16.90 13.55 15.52 19.35 23.41

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

For the Banks - Regional subindustry, Swedbank 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.


Swedbank AB's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Swedbank 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, Swedbank 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)
=63.944/132.2054*132.2054
=63.944

Current CPI (Mar. 2024) = 132.2054.

Swedbank AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 24.434 100.432 32.164
201409 -11.618 100.161 -15.335
201412 -23.634 100.225 -31.175
201503 64.316 99.950 85.072
201506 31.037 99.995 41.035
201509 -68.302 100.228 -90.094
201512 33.200 100.276 43.771
201603 109.250 100.751 143.357
201606 -16.735 101.019 -21.901
201609 -72.512 101.138 -94.787
201612 -67.953 102.022 -88.057
201703 141.561 102.022 183.443
201706 80.618 102.752 103.726
201709 -113.793 103.279 -145.664
201712 -57.842 103.793 -73.676
201803 150.837 103.962 191.815
201806 -74.064 104.875 -93.366
201809 -45.962 105.679 -57.499
201812 -20.145 105.912 -25.146
201903 -24.422 105.886 -30.492
201906 31.917 106.742 39.531
201909 -25.358 107.214 -31.269
201912 51.377 107.766 63.028
202003 91.626 106.563 113.674
202006 79.499 107.498 97.771
202009 6.561 107.635 8.059
202012 -80.653 108.296 -98.460
202103 177.133 108.360 216.113
202106 76.536 108.928 92.892
202109 43.658 110.338 52.310
202112 -253.169 112.486 -297.551
202203 55.276 114.825 63.643
202206 0.116 118.384 0.130
202209 9.864 122.296 10.663
202212 -82.061 126.365 -85.854
202303 -18.018 127.042 -18.750
202306 -16.766 129.407 -17.129
202309 -68.590 130.224 -69.634
202312 -26.167 131.912 -26.225
202403 63.944 132.205 63.944

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


Swedbank AB  (OSTO:SWED 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=214.70/23.41
=9.17

* 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 Swedbank AB was 37.21. The lowest was 2.78. And the median was 8.12.


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.


Swedbank AB Cyclically Adjusted FCF per Share Related Terms

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


Swedbank AB (OSTO:SWED A) Business Description

Industry
Traded in Other Exchanges
Address
Landsvagen 40, Sundbyberg, Stockholm, SWE, 172 63
Swedbank is one of the oldest banks in Sweden, where it derives the lion's share of its income. The bank is the result of merging savings and union banks in Sweden in the aftermath of the financial crisis in the early 1990s in Sweden. The remaining independent savings banks in Sweden remain in close collaboration with Swedbank, acting as an additional product distribution channel to Swedbank and sharing Swedbank's IT systems and part of its development costs. In addition, the bank operates in the three Baltic states: Estonia, Latvia, and Lithuania. Swedbank has a market-leading position in the Baltics, with share ranging from 20% to 55% in retail banking, where it generates 16% of revenue.

Swedbank AB (OSTO:SWED A) Headlines

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