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Voss Veksel- og Landmandsbank ASA (STU:UQ6) Cyclically Adjusted FCF per Share : €-2.09 (As of Mar. 2024)


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What is Voss Veksel- og Landmandsbank 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.

Voss Veksel- og Landmandsbank ASA's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.732. 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 €-2.09 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.20% 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 Voss Veksel- og Landmandsbank ASA was 11.20% per year. The lowest was 10.10% per year. And the median was 10.65% per year.

As of today (2024-06-16), Voss Veksel- og Landmandsbank ASA's current stock price is €21.80. Voss Veksel- og Landmandsbank ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-2.09. Voss Veksel- og Landmandsbank ASA's Cyclically Adjusted Price-to-FCF of today is .


Voss Veksel- og Landmandsbank ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Voss Veksel- og Landmandsbank 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.

Voss Veksel- og Landmandsbank ASA Cyclically Adjusted FCF per Share Chart

Voss Veksel- og Landmandsbank 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 - - - - -2.08

Voss Veksel- og Landmandsbank 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 -2.03 -2.76 -2.26 -2.08 -2.09

Competitive Comparison of Voss Veksel- og Landmandsbank ASA's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Voss Veksel- og Landmandsbank 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.


Voss Veksel- og Landmandsbank ASA's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Voss Veksel- og Landmandsbank ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Voss Veksel- og Landmandsbank ASA's Cyclically Adjusted Price-to-FCF falls into.



Voss Veksel- og Landmandsbank 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, Voss Veksel- og Landmandsbank 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)
=-0.732/132.6000*132.6000
=-0.732

Current CPI (Mar. 2024) = 132.6000.

Voss Veksel- og Landmandsbank ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.986 97.500 8.141
201409 -5.976 98.500 -8.045
201412 9.124 98.600 12.270
201503 -7.464 99.200 -9.977
201506 -2.077 100.100 -2.751
201509 8.232 100.600 10.851
201512 -5.623 100.900 -7.390
201603 -5.180 102.500 -6.701
201606 -11.011 103.800 -14.066
201609 -5.266 104.200 -6.701
201612 1.063 104.400 1.350
201703 -13.071 105.000 -16.507
201706 -9.445 105.800 -11.837
201709 4.157 105.900 5.205
201712 -7.193 106.100 -8.990
201803 -5.283 107.300 -6.529
201806 1.503 108.500 1.837
201809 -2.583 109.500 -3.128
201812 5.866 109.800 7.084
201903 -0.910 110.400 -1.093
201906 0.979 110.600 1.174
201909 6.472 111.100 7.724
201912 -3.926 111.300 -4.677
202003 -5.110 111.200 -6.093
202006 6.174 112.100 7.303
202009 1.260 112.900 1.480
202012 6.824 112.900 8.015
202103 -2.178 114.600 -2.520
202106 0.871 115.300 1.002
202109 2.623 117.500 2.960
202112 -1.487 118.900 -1.658
202203 2.552 119.800 2.825
202206 -1.832 122.600 -1.981
202209 4.969 125.600 5.246
202212 0.020 125.900 0.021
202303 1.944 127.600 2.020
202306 -2.326 130.400 -2.365
202309 3.687 129.800 3.767
202312 3.222 131.900 3.239
202403 -0.732 132.600 -0.732

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


Voss Veksel- og Landmandsbank ASA  (STU:UQ6) 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.


Voss Veksel- og Landmandsbank ASA Cyclically Adjusted FCF per Share Related Terms

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Voss Veksel- og Landmandsbank ASA (STU:UQ6) Business Description

Traded in Other Exchanges
Address
Vangsgata 24, Voss, NOR, 5700
Voss Veksel- og Landmandsbank ASA operates in the banking sector. It provides general banking services like deposits, loans, insurance services, mobile banking, online banking, among others.

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