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VNNVF (Vonovia SE) Cyclically Adjusted FCF per Share : $2.68 (As of Mar. 2025)


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What is Vonovia SE 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.

Vonovia SE's adjusted free cash flow per share for the three months ended in Mar. 2025 was $1.061. 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 $2.68 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Vonovia SE's average Cyclically Adjusted FCF Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.30% 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 Vonovia SE was 11.40% per year. The lowest was 11.30% per year. And the median was 11.35% per year.

As of today (2025-05-19), Vonovia SE's current stock price is $33.75. Vonovia SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $2.68. Vonovia SE's Cyclically Adjusted Price-to-FCF of today is 12.59.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vonovia SE was 30.96. The lowest was 8.25. And the median was 13.75.


Vonovia SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Vonovia SE'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.

Vonovia SE Cyclically Adjusted FCF per Share Chart

Vonovia SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.51 2.33 2.11 2.49 2.46

Vonovia SE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.47 2.39 2.64 2.46 2.68

Competitive Comparison of Vonovia SE's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, Vonovia SE'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.


Vonovia SE's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Vonovia SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Vonovia SE 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, Vonovia SE's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.061/127.7792*127.7792
=1.061

Current CPI (Mar. 2025) = 127.7792.

Vonovia SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.411 100.417 0.523
201509 0.253 100.417 0.322
201512 0.450 99.717 0.577
201603 0.427 100.017 0.546
201606 0.410 100.717 0.520
201609 0.374 101.017 0.473
201612 0.351 101.217 0.443
201703 0.440 101.417 0.554
201706 0.444 102.117 0.556
201709 0.481 102.717 0.598
201712 0.439 102.617 0.547
201803 0.530 102.917 0.658
201806 0.464 104.017 0.570
201809 0.709 104.718 0.865
201812 0.445 104.217 0.546
201903 0.719 104.217 0.882
201906 0.600 105.718 0.725
201909 0.569 106.018 0.686
201912 0.777 105.818 0.938
202003 0.557 105.718 0.673
202006 0.437 106.618 0.524
202009 0.680 105.818 0.821
202012 0.708 105.518 0.857
202103 0.502 107.518 0.597
202106 0.773 108.486 0.910
202109 0.637 109.435 0.744
202112 0.982 110.384 1.137
202203 0.616 113.968 0.691
202206 0.762 115.760 0.841
202209 0.568 118.818 0.611
202212 0.795 119.345 0.851
202303 0.696 122.402 0.727
202306 0.512 123.140 0.531
202309 0.431 124.195 0.443
202312 0.830 123.773 0.857
202403 0.836 125.038 0.854
202406 0.667 125.882 0.677
202409 0.699 126.198 0.708
202412 0.954 127.041 0.960
202503 1.061 127.779 1.061

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


Vonovia SE  (OTCPK:VNNVF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=33.75/2.68
=12.59

* 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 Vonovia SE was 30.96. The lowest was 8.25. And the median was 13.75.


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.


Vonovia SE Cyclically Adjusted FCF per Share Related Terms

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


Vonovia SE Business Description

Industry
Address
Universitatsstrasse 133, Bochum, DEU, 44803
Vonovia SE is a residential real estate company based out of Germany. Vonovia owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. The company manages its operations through four business segments; Rental, Value-add, Recurring Sales, and Development. Maximum revenue is generated from the Rental segment, which combines all of the business activities that are aimed at the value-enhancing management of its residential real estate. It includes the company's property management activities in Germany, Austria, and Sweden.

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