GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Warsaw Stock Exchange (WAR:GPW) » Definitions » Cyclically Adjusted FCF per Share

Warsaw Stock Exchange (WAR:GPW) Cyclically Adjusted FCF per Share : zł6.25 (As of Mar. 2024)


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

What is Warsaw Stock Exchange 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.

Warsaw Stock Exchange's adjusted free cash flow per share for the three months ended in Mar. 2024 was zł2.181. 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 zł6.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Warsaw Stock Exchange's average Cyclically Adjusted FCF Growth Rate was -7.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.10% 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 Warsaw Stock Exchange was 13.70% per year. The lowest was 9.10% per year. And the median was 11.40% per year.

As of today (2024-06-23), Warsaw Stock Exchange's current stock price is zł47.40. Warsaw Stock Exchange's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł6.25. Warsaw Stock Exchange's Cyclically Adjusted Price-to-FCF of today is 7.58.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Warsaw Stock Exchange was 10.45. The lowest was 5.13. And the median was 8.32.


Warsaw Stock Exchange Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Warsaw Stock Exchange'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.

Warsaw Stock Exchange Cyclically Adjusted FCF per Share Chart

Warsaw Stock Exchange 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 4.19 4.86 5.01 6.16 6.31

Warsaw Stock Exchange 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 6.73 6.32 6.43 6.31 6.25

Competitive Comparison of Warsaw Stock Exchange's Cyclically Adjusted FCF per Share

For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.


Warsaw Stock Exchange's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Warsaw Stock Exchange 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, Warsaw Stock Exchange'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)
=2.181/149.0435*149.0435
=2.181

Current CPI (Mar. 2024) = 149.0435.

Warsaw Stock Exchange Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.715 101.180 1.053
201409 1.154 100.611 1.710
201412 1.191 100.122 1.773
201503 -0.421 100.041 -0.627
201506 2.555 100.448 3.791
201509 -0.268 99.634 -0.401
201512 0.425 99.471 0.637
201603 4.483 98.983 6.750
201606 0.710 99.552 1.063
201609 0.722 99.064 1.086
201612 0.786 100.366 1.167
201703 -2.903 101.018 -4.283
201706 3.698 101.180 5.447
201709 2.015 101.343 2.963
201712 2.214 102.564 3.217
201803 1.006 102.564 1.462
201806 1.941 103.378 2.798
201809 0.100 103.378 0.144
201812 1.191 103.785 1.710
201903 3.615 104.274 5.167
201906 1.233 105.983 1.734
201909 0.718 105.983 1.010
201912 0.844 107.123 1.174
202003 2.057 109.076 2.811
202006 2.438 109.402 3.321
202009 1.598 109.320 2.179
202012 1.074 109.565 1.461
202103 3.117 112.658 4.124
202106 -0.809 113.960 -1.058
202109 -3.564 115.588 -4.596
202112 1.614 119.088 2.020
202203 5.116 125.031 6.099
202206 0.218 131.705 0.247
202209 0.611 135.531 0.672
202212 -0.210 139.113 -0.225
202303 4.751 145.950 4.852
202306 -2.544 147.009 -2.579
202309 0.437 146.113 0.446
202312 0.036 147.741 0.036
202403 2.181 149.044 2.181

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


Warsaw Stock Exchange  (WAR:GPW) 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.

Warsaw Stock Exchange's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=47.40/6.25
=7.58

* 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 Warsaw Stock Exchange was 10.45. The lowest was 5.13. And the median was 8.32.


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.


Warsaw Stock Exchange Cyclically Adjusted FCF per Share Related Terms

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


Warsaw Stock Exchange (WAR:GPW) Business Description

Traded in Other Exchanges
Address
ul. Ksiazeca 4, Warsaw, POL, 00-498
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.

Warsaw Stock Exchange (WAR:GPW) Headlines

No Headlines