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KION GROUP AG (WBO:KGX) Cyclically Adjusted FCF per Share : €4.93 (As of Mar. 2024)


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What is KION GROUP AG 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.

KION GROUP AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.059. 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 €4.93 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KION GROUP AG's average Cyclically Adjusted FCF Growth Rate was 14.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% 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 KION GROUP AG was 4.60% per year. The lowest was 1.20% per year. And the median was 2.90% per year.

As of today (2024-05-02), KION GROUP AG's current stock price is €44.06. KION GROUP AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.93. KION GROUP AG's Cyclically Adjusted Price-to-FCF of today is 8.94.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of KION GROUP AG was 22.76. The lowest was 4.46. And the median was 12.38.


KION GROUP AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for KION GROUP AG'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.

KION GROUP AG Cyclically Adjusted FCF per Share Chart

KION GROUP AG 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 3.95 4.24 4.46 4.05 4.82

KION GROUP AG 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 4.30 4.47 4.59 4.82 4.93

Competitive Comparison of KION GROUP AG's Cyclically Adjusted FCF per Share

For the Farm & Heavy Construction Machinery subindustry, KION GROUP AG'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.


KION GROUP AG's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, KION GROUP AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



KION GROUP AG 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, KION GROUP AG'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)
=1.059/123.6675*123.6675
=1.059

Current CPI (Mar. 2024) = 123.6675.

KION GROUP AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.335 99.543 0.416
201409 0.741 99.823 0.918
201412 2.052 99.543 2.549
201503 -0.092 99.717 -0.114
201506 0.195 100.417 0.240
201509 0.957 100.417 1.179
201512 2.081 99.717 2.581
201603 0.050 100.017 0.062
201606 0.073 100.717 0.090
201609 0.659 101.017 0.807
201612 1.513 101.217 1.849
201703 0.760 101.417 0.927
201706 0.587 102.117 0.711
201709 0.369 102.717 0.444
201712 2.861 102.617 3.448
201803 0.118 102.917 0.142
201806 -0.112 104.017 -0.133
201809 0.798 104.718 0.942
201812 3.466 104.217 4.113
201903 1.111 104.217 1.318
201906 -0.521 105.718 -0.609
201909 1.414 106.018 1.649
201912 5.272 105.818 6.161
202003 -0.513 105.718 -0.600
202006 0.491 106.618 0.570
202009 1.464 105.818 1.711
202012 2.936 105.518 3.441
202103 2.532 107.518 2.912
202106 0.807 108.486 0.920
202109 -0.741 109.435 -0.837
202112 4.128 110.384 4.625
202203 -2.707 113.968 -2.937
202206 -0.596 115.760 -0.637
202209 -2.252 118.818 -2.344
202212 2.915 119.345 3.021
202303 1.319 122.402 1.333
202306 1.606 123.140 1.613
202309 1.645 124.195 1.638
202312 4.156 123.668 4.156
202403 1.059 123.668 1.059

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


KION GROUP AG  (WBO:KGX) 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.

KION GROUP AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=44.06/4.93
=8.94

* 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 KION GROUP AG was 22.76. The lowest was 4.46. And the median was 12.38.


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.


KION GROUP AG Cyclically Adjusted FCF per Share Related Terms

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


KION GROUP AG (WBO:KGX) Business Description

Traded in Other Exchanges
Address
Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549
Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.

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