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Olin (STU:OLN) Cyclically Adjusted FCF per Share : €4.03 (As of Mar. 2024)


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What is Olin 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.

Olin's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.277. 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 €4.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Olin's average Cyclically Adjusted FCF Growth Rate was 10.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 39.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 28.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 20.80% 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 Olin was 56.00% per year. The lowest was -43.30% per year. And the median was 16.35% per year.

As of today (2024-05-26), Olin's current stock price is €50.10. Olin's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.03. Olin's Cyclically Adjusted Price-to-FCF of today is 12.43.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Olin was 53.09. The lowest was 6.53. And the median was 21.48.


Olin Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Olin'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.

Olin Cyclically Adjusted FCF per Share Chart

Olin 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 1.31 1.25 2.32 3.63 3.78

Olin 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 3.66 3.76 3.70 3.78 4.03

Competitive Comparison of Olin's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Olin'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.


Olin's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Olin's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Olin 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, Olin'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)
=0.277/131.7762*131.7762
=0.277

Current CPI (Mar. 2024) = 131.7762.

Olin Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.280 100.560 0.367
201409 0.438 100.428 0.575
201412 0.387 99.070 0.515
201503 -0.387 99.621 -0.512
201506 0.339 100.684 0.444
201509 0.437 100.392 0.574
201512 0.282 99.792 0.372
201603 -0.158 100.470 -0.207
201606 0.420 101.688 0.544
201609 0.850 101.861 1.100
201612 0.674 101.863 0.872
201703 0.094 102.862 0.120
201706 0.319 103.349 0.407
201709 0.839 104.136 1.062
201712 0.546 104.011 0.692
201803 -0.041 105.290 -0.051
201806 0.491 106.317 0.609
201809 1.136 106.507 1.406
201812 1.110 105.998 1.380
201903 0.011 107.251 0.014
201906 0.230 108.070 0.280
201909 0.558 108.329 0.679
201912 0.495 108.420 0.602
202003 -0.825 108.902 -0.998
202006 0.184 108.767 0.223
202009 1.038 109.815 1.246
202012 0.271 109.897 0.325
202103 1.142 111.754 1.347
202106 2.040 114.631 2.345
202109 2.566 115.734 2.922
202112 2.305 117.630 2.582
202203 1.753 121.301 1.904
202206 3.400 125.017 3.584
202209 3.402 125.227 3.580
202212 2.346 125.222 2.469
202303 -0.166 127.348 -0.172
202306 1.685 128.729 1.725
202309 1.258 129.860 1.277
202312 2.628 129.419 2.676
202403 0.277 131.776 0.277

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


Olin  (STU:OLN) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=50.10/4.03
=12.43

* 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 Olin was 53.09. The lowest was 6.53. And the median was 21.48.


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.


Olin Cyclically Adjusted FCF per Share Related Terms

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


Olin (STU:OLN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Olin Corp (STU:OLN) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
190 Carondelet Plaza, Suite 1530, Clayton, MO, USA, 63105
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.