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Develia (WAR:DVL) Cyclically Adjusted FCF per Share : zł0.38 (As of Mar. 2024)


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What is Develia 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.

Develia's adjusted free cash flow per share for the three months ended in Mar. 2024 was zł-0.019. 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 zł0.38 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 26.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.00% 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 Develia was 26.00% per year. The lowest was 6.30% per year. And the median was 16.05% per year.

As of today (2024-06-05), Develia's current stock price is zł6.31. Develia's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł0.38. Develia's Cyclically Adjusted Price-to-FCF of today is 16.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Develia was 22.43. The lowest was 6.03. And the median was 12.11.


Develia Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Develia'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.

Develia Cyclically Adjusted FCF per Share Chart

Develia 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 0.19 0.19 0.24 0.34 0.38

Develia 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 0.38 0.37 0.42 0.38 0.38

Competitive Comparison of Develia's Cyclically Adjusted FCF per Share

For the Real Estate - Development subindustry, Develia'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.


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

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

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



Develia 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, Develia'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)
=-0.019/149.0435*149.0435
=-0.019

Current CPI (Mar. 2024) = 149.0435.

Develia Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.051 101.180 -0.075
201409 0.012 100.611 0.018
201412 0.304 100.122 0.453
201503 -0.086 100.041 -0.128
201506 -0.083 100.448 -0.123
201509 0.124 99.634 0.185
201512 0.175 99.471 0.262
201603 0.025 98.983 0.038
201606 0.158 99.552 0.237
201609 0.146 99.064 0.220
201612 0.116 100.366 0.172
201703 0.064 101.018 0.094
201706 0.112 101.180 0.165
201709 0.152 101.343 0.224
201712 0.043 102.564 0.062
201803 0.275 102.564 0.400
201806 0.115 103.378 0.166
201809 0.239 103.378 0.345
201812 0.074 103.785 0.106
201903 0.123 104.274 0.176
201906 0.043 105.983 0.060
201909 -0.062 105.983 -0.087
201912 -0.303 107.123 -0.422
202003 -0.042 109.076 -0.057
202006 0.042 109.402 0.057
202009 0.019 109.320 0.026
202012 0.107 109.565 0.146
202103 0.031 112.658 0.041
202106 0.140 113.960 0.183
202109 0.052 115.588 0.067
202112 -0.048 119.088 -0.060
202203 0.450 125.031 0.536
202206 -0.383 131.705 -0.433
202209 0.112 135.531 0.123
202212 0.313 139.113 0.335
202303 0.255 145.950 0.260
202306 -0.136 147.009 -0.138
202309 0.310 146.113 0.316
202312 -0.160 147.741 -0.161
202403 -0.019 149.044 -0.019

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


Develia  (WAR:DVL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6.31/0.38
=16.61

* 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 Develia was 22.43. The lowest was 6.03. And the median was 12.11.


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.


Develia Cyclically Adjusted FCF per Share Related Terms

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


Develia (WAR:DVL) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Develia SA (WAR:DVL) » Definitions » Cyclically Adjusted FCF per Share
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Address
ul. Powstancow Slaskich 2-4, Wroclaw, POL, 53-333
Develia SA is a Poland based real estate developer. The company executes commercial and residential investment projects. It is engaged in activities, consisting of the purchasing of real estate and the development of residential, office, commercial or retail projects, and the sale or lease of premises. Its properties are built in Polish cities including Warsaw, Wroclaw, Krakow, Katowice, Gdansk, and Lodz.

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