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Yara International ASA (OSTO:YARO) Cyclically Adjusted FCF per Share : kr19.70 (As of Mar. 2024)


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What is Yara International 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.

Yara International ASA's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr-8.249. 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 kr19.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Yara International ASA's average Cyclically Adjusted FCF Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.60% 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 Yara International ASA was 13.80% per year. The lowest was -1.40% per year. And the median was 9.00% per year.

As of today (2024-05-16), Yara International ASA's current stock price is kr321.30. Yara International ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr19.70. Yara International ASA's Cyclically Adjusted Price-to-FCF of today is 16.31.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Yara International ASA was 35.15. The lowest was 15.49. And the median was 24.52.


Yara International ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Yara International 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.

Yara International ASA Cyclically Adjusted FCF per Share Chart

Yara International 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 12.75 15.23 16.69 18.64 21.37

Yara International ASA 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 18.48 20.09 22.00 21.37 19.70

Competitive Comparison of Yara International ASA's Cyclically Adjusted FCF per Share

For the Agricultural Inputs subindustry, Yara International 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.


Yara International ASA's Cyclically Adjusted Price-to-FCF Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Yara International ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Yara International 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, Yara International 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)
=-8.249/132.6000*132.6000
=-8.249

Current CPI (Mar. 2024) = 132.6000.

Yara International ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 7.299 97.500 9.927
201409 -2.723 98.500 -3.666
201412 -3.611 98.600 -4.856
201503 12.596 99.200 16.837
201506 7.268 100.100 9.628
201509 7.651 100.600 10.085
201512 -10.571 100.900 -13.892
201603 11.549 102.500 14.940
201606 2.604 103.800 3.326
201609 -4.506 104.200 -5.734
201612 -5.780 104.400 -7.341
201703 -5.760 105.000 -7.274
201706 0.000 105.800 0.000
201709 -1.090 105.900 -1.365
201712 -9.955 106.100 -12.441
201803 -2.076 107.300 -2.565
201806 5.284 108.500 6.458
201809 -6.278 109.500 -7.602
201812 -15.071 109.800 -18.200
201903 0.126 110.400 0.151
201906 13.748 110.600 16.483
201909 0.760 111.100 0.907
201912 12.623 111.300 15.039
202003 -0.379 111.200 -0.452
202006 21.282 112.100 25.174
202009 18.023 112.900 21.168
202012 6.281 112.900 7.377
202103 11.995 114.600 13.879
202106 30.063 115.300 34.574
202109 -9.721 117.500 -10.970
202112 -14.138 118.900 -15.767
202203 4.682 119.800 5.182
202206 28.089 122.600 30.380
202209 -5.377 125.600 -5.677
202212 28.276 125.900 29.781
202303 10.254 127.600 10.656
202306 18.352 130.400 18.662
202309 30.651 129.800 31.312
202312 -10.809 131.900 -10.866
202403 -8.249 132.600 -8.249

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


Yara International ASA  (OSTO:YARo) 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.

Yara International ASA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=321.30/19.7
=16.31

* 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 Yara International ASA was 35.15. The lowest was 15.49. And the median was 24.52.


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.


Yara International ASA Cyclically Adjusted FCF per Share Related Terms

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


Yara International ASA (OSTO:YARO) Business Description

Address
Drammensveien 131, Oslo, NOR, 0277
Yara International ASA is a Crop nutrition company. The company converts natural gas into nitrogen products. It is engaged in the production of ammonia, mineral fertilizers, and industrial products. The firm also develops and markets environmental solutions and essential products for industrial applications. It markets and distributes a complete range of crop nutrition products and programs globally. The fertilizers and crop nutrition programs help to produce the food required for the growing world population. Industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations.

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