GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ferro SA (WAR:FRO) » Definitions » Cyclically Adjusted FCF per Share

Ferro (WAR:FRO) Cyclically Adjusted FCF per Share : zł1.92 (As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Ferro 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.

Ferro's adjusted free cash flow per share for the three months ended in Dec. 2023 was zł3.724. 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 zł1.92 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Ferro's average Cyclically Adjusted FCF Growth Rate was 27.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.90% 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 Ferro was 18.00% per year. The lowest was 11.90% per year. And the median was 14.95% per year.

As of today (2024-05-14), Ferro's current stock price is zł35.40. Ferro's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was zł1.92. Ferro's Cyclically Adjusted Price-to-FCF of today is 18.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ferro was 27.38. The lowest was 11.79. And the median was 17.61.


Ferro Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ferro'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.

Ferro Cyclically Adjusted FCF per Share Chart

Ferro 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 0.92 1.37 1.59 1.51 1.92

Ferro Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.51 1.57 1.67 1.70 1.92

Competitive Comparison of Ferro's Cyclically Adjusted FCF per Share

For the Building Products & Equipment subindustry, Ferro'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.


Ferro's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ferro's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ferro 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, Ferro's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.724/147.5783*147.5783
=3.724

Current CPI (Dec. 2023) = 147.5783.

Ferro Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.159 101.262 -1.689
201406 -0.358 101.180 -0.522
201409 0.036 100.611 0.053
201412 0.662 100.122 0.976
201503 -0.059 100.041 -0.087
201506 0.632 100.448 0.929
201509 0.151 99.634 0.224
201512 0.658 99.471 0.976
201603 -0.236 98.983 -0.352
201606 0.826 99.552 1.224
201609 0.250 99.064 0.372
201612 0.614 100.366 0.903
201703 -0.242 101.018 -0.354
201706 -0.004 101.180 -0.006
201709 0.951 101.343 1.385
201712 1.595 102.564 2.295
201803 -0.925 102.564 -1.331
201806 -0.310 103.378 -0.443
201809 -1.041 103.378 -1.486
201812 0.754 103.785 1.072
201903 -0.298 104.274 -0.422
201906 1.088 105.983 1.515
201909 0.922 105.983 1.284
201912 0.638 107.123 0.879
202003 -0.035 109.076 -0.047
202006 1.451 109.402 1.957
202009 0.845 109.320 1.141
202012 0.475 109.565 0.640
202103 -0.536 112.658 -0.702
202106 2.800 113.960 3.626
202109 -0.263 115.588 -0.336
202112 0.128 119.088 0.159
202203 -2.687 125.031 -3.172
202206 0.378 131.705 0.424
202209 -1.300 135.531 -1.416
202212 2.246 139.113 2.383
202303 -0.054 145.950 -0.055
202306 1.962 147.009 1.970
202309 1.513 146.113 1.528
202312 3.724 147.578 3.724

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


Ferro  (WAR:FRO) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=35.40/1.92
=18.44

* 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 Ferro was 27.38. The lowest was 11.79. And the median was 17.61.


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.


Ferro Cyclically Adjusted FCF per Share Related Terms

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


Ferro (WAR:FRO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ferro SA (WAR:FRO) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
ul. Przemyslowa 7, Skawina, POL, 32-050
Ferro SA is a Poland based company involved in manufacturing and selling sanitary installation and heating fittings, and sanitation equipment in Central and Eastern Europe. It offers mixers, showers, sinks, bathroom accessories, shower trays and bathtubs, water valves, measurement fittings and bathroom heaters among other products.

Ferro (WAR:FRO) Headlines