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ICL Group (XTAE:ICL) Cyclically Adjusted FCF per Share : ₪1.26 (As of Dec. 2023)


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What is ICL 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.

ICL Group's adjusted free cash flow per share for the three months ended in Dec. 2023 was ₪0.461. 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 ₪1.26 for the trailing ten years ended in Dec. 2023.

During the past 12 months, ICL Group's average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.30% 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 ICL Group was 10.30% per year. The lowest was 4.00% per year. And the median was 7.15% per year.

As of today (2024-05-05), ICL Group's current stock price is ₪17.18. ICL Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₪1.26. ICL Group's Cyclically Adjusted Price-to-FCF of today is 13.63.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ICL Group was 38.61. The lowest was 10.47. And the median was 19.84.


ICL Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ICL 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.

ICL Group Cyclically Adjusted FCF per Share Chart

ICL 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 0.97 0.93 1.03 1.09 1.26

ICL 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 1.09 1.17 1.16 1.16 1.26

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

For the Agricultural Inputs subindustry, ICL 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.


ICL Group's Cyclically Adjusted Price-to-FCF Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, ICL Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ICL 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, ICL 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)
=0.461/129.4194*129.4194
=0.461

Current CPI (Dec. 2023) = 129.4194.

ICL Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.210 99.695 -0.273
201406 -0.255 100.560 -0.328
201409 0.257 100.428 0.331
201412 0.380 99.070 0.496
201503 -0.246 99.621 -0.320
201506 0.497 100.684 0.639
201509 -0.117 100.392 -0.151
201512 -0.268 99.792 -0.348
201603 0.102 100.470 0.131
201606 0.245 101.688 0.312
201609 0.280 101.861 0.356
201612 0.347 101.863 0.441
201703 0.259 102.862 0.326
201706 0.251 103.349 0.314
201709 0.227 104.136 0.282
201712 0.399 104.011 0.496
201803 -0.265 105.290 -0.326
201806 0.125 106.317 0.152
201809 0.148 106.507 0.180
201812 0.130 105.998 0.159
201903 0.122 107.251 0.147
201906 0.284 108.070 0.340
201909 0.640 108.329 0.765
201912 0.160 108.420 0.191
202003 0.078 108.902 0.093
202006 0.046 108.767 0.055
202009 0.174 109.815 0.205
202012 0.218 109.897 0.257
202103 0.171 111.754 0.198
202106 0.263 114.631 0.297
202109 0.419 115.734 0.469
202112 0.458 117.630 0.504
202203 0.559 121.301 0.596
202206 1.171 125.017 1.212
202209 1.216 125.227 1.257
202212 0.733 125.222 0.758
202303 0.628 127.348 0.638
202306 0.636 128.729 0.639
202309 0.622 129.860 0.620
202312 0.461 129.419 0.461

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


ICL Group  (XTAE:ICL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=17.18/1.26
=13.63

* 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 ICL Group was 38.61. The lowest was 10.47. And the median was 19.84.


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.


ICL Group Cyclically Adjusted FCF per Share Related Terms

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


ICL Group (XTAE:ICL) Business Description

Industry
Traded in Other Exchanges
Address
23 Aranha Street, P.O. Box 20245, Millennium Tower, Tel-Aviv, ISR, 61202
ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and growing solutions. These segments all contribute to the company's development of agriculture, food, and engineered material products and services. The company mines and manufactures potash and phosphates to be used as ingredients in fertilizers and serve as a component in the pharmaceutical and food additives industries. It is also engaged in industrial additives and materials, including flame retardants, phosphate salts, specialty phosphate blends, purified phosphoric acid, electronic-grade specialty phosphoric acids. Its geographical segments are Europe, Asia, North and South America, and the Rest of the world.