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Cognor Holding (WAR:COG) Cyclically Adjusted FCF per Share : zł1.17 (As of Sep. 2024)


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What is Cognor Holding 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.

Cognor Holding's adjusted free cash flow per share for the three months ended in Sep. 2024 was zł-0.799. 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 zł1.17 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Cognor Holding's average Cyclically Adjusted FCF Growth Rate was 0.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.20% 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 Cognor Holding was 18.00% per year. The lowest was 14.20% per year. And the median was 16.10% per year.

As of today (2025-05-07), Cognor Holding's current stock price is zł7.30. Cognor Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was zł1.17. Cognor Holding's Cyclically Adjusted Price-to-FCF of today is 6.24.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cognor Holding was 8.35. The lowest was 0.96. And the median was 4.50.


Cognor Holding Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cognor Holding'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.

Cognor Holding Cyclically Adjusted FCF per Share Chart

Cognor Holding 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 0.78 0.82 0.99 1.28 1.22

Cognor Holding Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.16 1.22 1.14 1.26 1.17

Competitive Comparison of Cognor Holding's Cyclically Adjusted FCF per Share

For the Steel subindustry, Cognor Holding'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.


Cognor Holding's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

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

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


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Cognor Holding 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, Cognor Holding's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.799/153.4391*153.4391
=-0.799

Current CPI (Sep. 2024) = 153.4391.

Cognor Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.088 100.122 -0.135
201503 -0.059 100.041 -0.090
201506 -0.004 100.448 -0.006
201509 0.086 99.634 0.132
201512 0.682 99.471 1.052
201603 0.182 98.983 0.282
201606 0.151 99.552 0.233
201609 0.102 99.064 0.158
201612 0.210 100.366 0.321
201703 0.230 101.018 0.349
201706 0.966 101.180 1.465
201709 0.712 101.343 1.078
201712 -0.011 102.564 -0.016
201803 0.180 102.564 0.269
201806 0.869 103.378 1.290
201809 0.245 103.378 0.364
201812 0.661 103.785 0.977
201903 -0.404 104.274 -0.594
201906 0.935 105.983 1.354
201909 0.086 105.983 0.125
201912 0.391 107.123 0.560
202003 0.115 109.076 0.162
202006 0.304 109.402 0.426
202009 0.096 109.320 0.135
202012 0.420 109.565 0.588
202103 0.230 112.658 0.313
202106 -0.252 113.960 -0.339
202109 -0.030 115.588 -0.040
202112 0.168 119.088 0.216
202203 0.669 125.031 0.821
202206 -0.058 131.705 -0.068
202209 0.535 135.531 0.606
202212 0.494 139.113 0.545
202303 -0.185 145.950 -0.194
202306 -0.151 147.009 -0.158
202309 -0.243 146.113 -0.255
202312 0.082 147.741 0.085
202403 -0.786 149.044 -0.809
202406 1.246 150.997 1.266
202409 -0.799 153.439 -0.799

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


Cognor Holding  (WAR:COG) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.30/1.17
=6.24

* 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 Cognor Holding was 8.35. The lowest was 0.96. And the median was 4.50.


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.


Cognor Holding Cyclically Adjusted FCF per Share Related Terms

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


Cognor Holding Business Description

Industry
Traded in Other Exchanges
Address
ul. Zielona 26, Kielce, POL, 25-563
Cognor Holding SA operates in the steel industry. Its activities are divided into four business segments such as; Scrap division focuses on buying, processing, refining and selling of scrap metal and nonferrous scrap. Production division which contributes major revenue is responsible for processing scrap metal into steel billets, as well as converting steel billets and nonferrous scrap into finished products. The Distribution division sells various commodities, such as steel products, steel and nonferrous scrap and steel billets. The Other division includes materials recycling, among others. The firm's products range comprises metal bars, steel sheet, plates, pipes, and rods, as well as sheet zinc and tin plates, among others. Firm's majority revenue comes from Poland.

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