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DHL Group (WBO:DHL) Cyclically Adjusted FCF per Share : €3.02 (As of Dec. 2023)


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What is DHL Group 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.

DHL Group's adjusted free cash flow per share for the three months ended in Dec. 2023 was €1.196. 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 €3.02 for the trailing ten years ended in Dec. 2023.

During the past 12 months, DHL Group's average Cyclically Adjusted FCF Growth Rate was 16.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 35.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 38.80% 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 DHL Group was 46.30% per year. The lowest was 25.30% per year. And the median was 41.35% per year.

As of today (2024-05-03), DHL Group's current stock price is €39.51. DHL Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €3.02. DHL Group's Cyclically Adjusted Price-to-FCF of today is 13.08.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DHL Group was 192.07. The lowest was 12.09. And the median was 36.46.


DHL Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for DHL Group'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.

DHL Group Cyclically Adjusted FCF per Share Chart

DHL Group 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 0.91 1.23 1.70 2.61 3.02

DHL Group 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 2.61 2.81 2.89 3.00 3.02

Competitive Comparison of DHL Group's Cyclically Adjusted FCF per Share

For the Integrated Freight & Logistics subindustry, DHL Group'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.


DHL Group's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



DHL Group 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, DHL Group'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)
=1.196/123.6675*123.6675
=1.196

Current CPI (Dec. 2023) = 123.6675.

DHL Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.288 99.543 -0.358
201406 0.179 99.543 0.222
201409 0.262 99.823 0.325
201412 0.869 99.543 1.080
201503 -0.384 99.717 -0.476
201506 -0.112 100.417 -0.138
201509 0.261 100.417 0.321
201512 1.303 99.717 1.616
201603 -0.625 100.017 -0.773
201606 -0.477 100.717 -0.586
201609 0.382 101.017 0.468
201612 1.107 101.217 1.353
201703 -0.359 101.417 -0.438
201706 0.319 102.117 0.386
201709 0.430 102.717 0.518
201712 0.464 102.617 0.559
201803 -0.149 102.917 -0.179
201806 0.673 104.017 0.800
201809 0.565 104.718 0.667
201812 1.439 104.217 1.708
201903 -0.305 104.217 -0.362
201906 0.028 105.718 0.033
201909 0.845 106.018 0.986
201912 1.366 105.818 1.596
202003 0.122 105.718 0.143
202006 0.960 106.618 1.114
202009 1.400 105.818 1.636
202012 1.300 105.518 1.524
202103 1.408 107.518 1.619
202106 1.206 108.486 1.375
202109 1.465 109.435 1.656
202112 0.855 110.384 0.958
202203 1.346 113.968 1.461
202206 1.014 115.760 1.083
202209 2.089 118.818 2.174
202212 1.227 119.345 1.271
202303 1.301 122.402 1.314
202306 0.884 123.140 0.888
202309 1.463 124.195 1.457
202312 1.196 123.668 1.196

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


DHL Group  (WBO:DHL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=39.51/3.02
=13.08

* 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 DHL Group was 192.07. The lowest was 12.09. And the median was 36.46.


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.


DHL Group Cyclically Adjusted FCF per Share Related Terms

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


DHL Group (WBO:DHL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DHL Group (WBO:DHL) » Definitions » Cyclically Adjusted FCF per Share
Address
Platz der Deutschen Post, Bonn, NW, DEU, 53250
Based in Germany, DHL Group ranks among the largest parcel-shipping and third-party logistics providers globally. Its DHL divisions (international express shipping, air and ocean freight forwarding, contract logistics, and e-commerce solutions) generated 83% of revenue in 2022. Roughly 17% of revenue comes from the Post and Parcel Germany division, which includes the legacy postal business and the German small-package delivery business.

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