GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sydbank A/S (STU:TM2) » Definitions » Cyclically Adjusted FCF per Share

Sydbank A/S (STU:TM2) Cyclically Adjusted FCF per Share : €0.33 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is Sydbank A/S 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.

Sydbank A/S's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-10.740. 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 €0.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sydbank A/S's average Cyclically Adjusted FCF Growth Rate was 73.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -17.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -16.10% 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 Sydbank A/S was -9.60% per year. The lowest was -44.00% per year. And the median was -17.00% per year.

As of today (2024-06-19), Sydbank A/S's current stock price is €48.66. Sydbank A/S's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.33. Sydbank A/S's Cyclically Adjusted Price-to-FCF of today is 147.45.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sydbank A/S was 233.48. The lowest was 4.63. And the median was 19.67.


Sydbank A/S Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sydbank A/S'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.

Sydbank A/S Cyclically Adjusted FCF per Share Chart

Sydbank A/S 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 1.61 2.54 0.54 1.23 1.48

Sydbank A/S 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 0.19 1.35 1.60 1.48 0.33

Competitive Comparison of Sydbank A/S's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Sydbank A/S'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.


Sydbank A/S's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Sydbank A/S's Cyclically Adjusted Price-to-FCF falls into.



Sydbank A/S 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, Sydbank A/S'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)
=-10.74/118.4000*118.4000
=-10.740

Current CPI (Mar. 2024) = 118.4000.

Sydbank A/S Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.902 99.700 -1.071
201409 0.806 99.700 0.957
201412 -0.026 99.400 -0.031
201503 4.519 100.200 5.340
201506 13.651 100.300 16.114
201509 -7.999 100.200 -9.452
201512 -5.951 99.800 -7.060
201603 0.536 100.200 0.633
201606 -3.621 100.600 -4.262
201609 2.164 100.200 2.557
201612 7.354 100.300 8.681
201703 1.914 101.200 2.239
201706 9.978 101.200 11.674
201709 -11.137 101.800 -12.953
201712 5.181 101.300 6.056
201803 -4.699 101.700 -5.471
201806 11.662 102.300 13.497
201809 -1.613 102.400 -1.865
201812 -3.366 102.100 -3.903
201903 -17.156 102.900 -19.740
201906 10.590 102.900 12.185
201909 -12.969 102.900 -14.923
201912 8.495 102.900 9.775
202003 -1.061 103.300 -1.216
202006 7.037 103.200 8.073
202009 -12.540 103.500 -14.345
202012 6.581 103.400 7.536
202103 -8.116 104.300 -9.213
202106 8.372 105.000 9.440
202109 -9.837 105.800 -11.009
202112 1.768 106.600 1.964
202203 3.011 109.900 3.244
202206 13.836 113.600 14.421
202209 4.138 116.400 4.209
202212 -11.271 115.900 -11.514
202303 -4.723 117.300 -4.767
202306 7.547 116.400 7.677
202309 7.100 117.400 7.160
202312 -6.503 116.700 -6.598
202403 -10.740 118.400 -10.740

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


Sydbank A/S  (STU:TM2) 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.

Sydbank A/S's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=48.66/0.33
=147.45

* 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 Sydbank A/S was 233.48. The lowest was 4.63. And the median was 19.67.


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.


Sydbank A/S Cyclically Adjusted FCF per Share Related Terms

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


Sydbank A/S (STU:TM2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sydbank A/S (STU:TM2) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
Peberlyk 4, Aabenraa, DNK, 6200
Sydbank A/S is a Danish bank operating primarily in Denmark and with some exposure to Northern Germany. The bank operates through five business segments: Banking, Asset management, Sydbank Markets, Treasury, and Others. The bank provides various banking and financial advisory services such as mortgage credit, retail banking, investment banking, corporate banking, international banking, and asset management. A vast majority of Sydbank's net revenue is derived from its banking segment, which includes net interest and fee income from retail and corporate clients. The company earns the majority of its revenue in Denmark.

Sydbank A/S (STU:TM2) Headlines

No Headlines