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Snam SpA (XBUL:SNM) Cyclically Adjusted FCF per Share : лв0.19 (As of Sep. 2024)


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What is Snam SpA 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.

Snam SpA's adjusted free cash flow per share for the three months ended in Sep. 2024 was лв-0.278. 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 лв0.19 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Snam SpA's average Cyclically Adjusted FCF Growth Rate was -17.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.30% 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 Snam SpA was 28.90% per year. The lowest was 9.40% per year. And the median was 12.25% per year.

As of today (2024-12-15), Snam SpA's current stock price is лв4.587. Snam SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was лв0.19. Snam SpA's Cyclically Adjusted Price-to-FCF of today is 24.14.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Snam SpA was 37.60. The lowest was 15.33. And the median was 27.95.


Snam SpA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Snam SpA'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.

Snam SpA Cyclically Adjusted FCF per Share Chart

Snam SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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Snam SpA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - - 0.22 0.19

Competitive Comparison of Snam SpA's Cyclically Adjusted FCF per Share

For the Utilities - Regulated Gas subindustry, Snam SpA'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.


Snam SpA's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Snam SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Snam SpA 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, Snam SpA's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.278/121.2000*121.2000
=-0.278

Current CPI (Sep. 2024) = 121.2000.

Snam SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.018 99.721 -0.022
201503 0.257 99.814 0.312
201506 0.147 100.279 0.178
201509 0.134 100.000 0.162
201512 -0.028 99.814 -0.034
201603 0.213 99.600 0.259
201606 0.204 99.900 0.247
201609 0.110 100.100 0.133
201612 -0.228 100.300 -0.276
201703 0.424 101.000 0.509
201706 0.149 101.100 0.179
201709 0.001 101.200 0.001
201712 -0.084 101.200 -0.101
201803 0.419 101.800 0.499
201806 0.364 102.400 0.431
201809 -0.115 102.600 -0.136
201812 -0.020 102.300 -0.024
201903 0.429 102.800 0.506
201906 0.093 103.100 0.109
201909 -0.190 102.900 -0.224
201912 0.012 102.800 0.014
202003 0.284 102.900 0.335
202006 -0.102 102.900 -0.120
202009 0.393 102.300 0.466
202012 0.181 102.600 0.214
202103 0.016 103.700 0.019
202106 -0.008 104.200 -0.009
202109 0.224 104.900 0.259
202112 -0.162 106.600 -0.184
202203 0.950 110.400 1.043
202206 0.168 112.500 0.181
202209 -0.058 114.200 -0.062
202212 0.641 119.000 0.653
202303 -0.042 118.800 -0.043
202306 -0.832 119.700 -0.842
202309 0.174 120.300 0.175
202312 -0.467 119.700 -0.473
202403 -0.011 120.200 -0.011
202406 -0.023 120.700 -0.023
202409 -0.278 121.200 -0.278

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


Snam SpA  (XBUL:SNM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.587/0.19
=24.14

* 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 Snam SpA was 37.60. The lowest was 15.33. And the median was 27.95.


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.


Snam SpA Cyclically Adjusted FCF per Share Related Terms

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


Snam SpA Business Description

Industry
Address
Piazza Santa Barbara, 7, San Donato Milanese, Milan, ITA, 20097
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 13.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.

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