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Volkswagen AG (BUD:VOLKSWAGEN) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


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What is Volkswagen AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Volkswagen AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Volkswagen AG's Cyclically Adjusted Price-to-FCF 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.

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Volkswagen AG Cyclically Adjusted Price-to-FCF Chart

Volkswagen AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Volkswagen AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Volkswagen AG's Cyclically Adjusted Price-to-FCF

For the Auto Manufacturers subindustry, Volkswagen 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.


Volkswagen AG's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Volkswagen AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Volkswagen AG Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Volkswagen AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Volkswagen 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)
=-2979.38/123.6675*123.6675
=-2,979.380

Current CPI (Mar. 2024) = 123.6675.

Volkswagen AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1,432.931 99.543 -1,780.213
201409 1,072.952 99.823 1,329.252
201412 -3,658.806 99.543 -4,545.545
201503 64.639 99.717 80.165
201506 295.263 100.417 363.629
201509 781.250 100.417 962.143
201512 -4,638.106 99.717 -5,752.131
201603 -1,627.124 100.017 -2,011.888
201606 -61.516 100.717 -75.534
201609 199.502 101.017 244.236
201612 -5,692.919 101.217 -6,955.647
201703 -2,319.387 101.417 -2,828.254
201706 -5,651.453 102.117 -6,844.121
201709 -881.366 102.717 -1,061.131
201712 -7,012.069 102.617 -8,450.493
201803 717.162 102.917 861.757
201806 -2,560.023 104.017 -3,043.644
201809 -233.966 104.718 -276.305
201812 -7,397.694 104.217 -8,778.326
201903 -286.823 104.217 -340.353
201906 -712.639 105.718 -833.639
201909 1,559.886 106.018 1,819.575
201912 -1,711.218 105.818 -1,999.876
202003 -1,411.065 105.718 -1,650.651
202006 1,562.189 106.618 1,812.005
202009 5,955.420 105.818 6,960.013
202012 -96.015 105.518 -112.530
202103 4,400.783 107.518 5,061.797
202106 4,875.284 108.486 5,557.540
202109 5,516.775 109.435 6,234.273
202112 2,129.080 110.384 2,385.302
202203 4,175.358 113.968 4,530.707
202206 2,016.596 115.760 2,154.341
202209 3,151.774 118.818 3,280.418
202212 -5,021.667 119.345 -5,203.549
202303 699.613 122.402 706.844
202306 -3,659.159 123.140 -3,674.822
202309 -295.947 124.195 -294.691
202312 -1,719.815 123.668 -1,719.815
202403 -2,979.380 123.668 -2,979.380

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


Volkswagen AG  (BUD:VOLKSWAGEN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Volkswagen AG Cyclically Adjusted Price-to-FCF Related Terms

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


Volkswagen AG (BUD:VOLKSWAGEN) Business Description

Address
Berliner Ring 2, Wolfsburg, NI, DEU, 38440
Volkswagen is one of the world's largest automotive manufacturers. Automotive brands include Volkswagen passenger cars, Audi, Bentley, Lamborghini, Porsche, SEAT, and Skoda. Commercial vehicle brands include MAN, Navistar, Scania, and Volkswagen. The company's financial services group provides dealer financing to support floor plans, consumer financing for vehicle purchases, vehicle leasing, banking, and other financial services. In 2022, Europe was Volkswagen's largest light vehicle market at 41% of total volume, followed by China at 37%, and rest of world at 22%.

Volkswagen AG (BUD:VOLKSWAGEN) Headlines

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