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DNKEY (Danske Bank AS) Cyclically Adjusted Price-to-FCF : 8.19 (As of Dec. 13, 2024)


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What is Danske Bank AS Cyclically Adjusted Price-to-FCF?

As of today (2024-12-13), Danske Bank AS's current share price is $15.067. Danske Bank AS's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $1.84. Danske Bank AS's Cyclically Adjusted Price-to-FCF for today is 8.19.

The historical rank and industry rank for Danske Bank AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

DNKEY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.59   Med: 8.66   Max: 31.43
Current: 8.26

During the past years, Danske Bank AS's highest Cyclically Adjusted Price-to-FCF was 31.43. The lowest was 4.59. And the median was 8.66.

DNKEY's Cyclically Adjusted Price-to-FCF is ranked better than
55.45% of 844 companies
in the Banks industry
Industry Median: 9.065 vs DNKEY: 8.26

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.

Danske Bank AS's adjusted free cash flow per share data for the three months ended in Sep. 2024 was $-0.268. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.84 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Danske Bank AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Danske Bank AS'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.

* Premium members only.

Danske Bank AS Cyclically Adjusted Price-to-FCF Chart

Danske Bank AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 8.62 7.17 - 7.40

Danske Bank AS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Price-to-FCF 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 7.27 7.40 9.24 8.72 8.16

Competitive Comparison of Danske Bank AS's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Danske Bank AS'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.


Danske Bank AS's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Danske Bank AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Danske Bank AS's Cyclically Adjusted Price-to-FCF falls into.



Danske Bank AS 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.

Danske Bank AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.067/1.84
=8.19

* 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.

Danske Bank AS's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Danske Bank AS'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)
=-0.268/118.9000*118.9000
=-0.268

Current CPI (Sep. 2024) = 118.9000.

Danske Bank AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.001 99.400 0.001
201503 8.425 100.200 9.997
201506 4.285 100.300 5.080
201509 -5.296 100.200 -6.284
201512 -4.509 99.800 -5.372
201603 2.171 100.200 2.576
201606 3.879 100.600 4.585
201609 6.317 100.200 7.496
201612 -1.873 100.300 -2.220
201703 8.075 101.200 9.487
201706 2.179 101.200 2.560
201709 -2.018 101.800 -2.357
201712 3.420 101.300 4.014
201803 -0.969 101.700 -1.133
201806 -4.927 102.300 -5.726
201809 -4.307 102.400 -5.001
201812 -2.837 102.100 -3.304
201903 -1.976 102.900 -2.283
201906 0.849 102.900 0.981
201909 -7.870 102.900 -9.094
201912 -2.108 102.900 -2.436
202003 5.122 103.300 5.896
202006 3.806 103.200 4.385
202009 -0.346 103.500 -0.397
202012 8.123 103.400 9.341
202103 -0.575 104.300 -0.655
202106 -2.325 105.000 -2.633
202109 -4.494 105.800 -5.050
202112 3.592 106.600 4.006
202203 -2.031 109.900 -2.197
202206 -0.818 113.600 -0.856
202209 0.757 116.400 0.773
202212 -7.166 115.900 -7.351
202303 8.547 117.300 8.664
202306 -0.488 116.400 -0.498
202309 6.756 117.400 6.842
202312 -3.195 116.700 -3.255
202403 -0.275 118.400 -0.276
202406 -0.260 118.500 -0.261
202409 -0.268 118.900 -0.268

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.


Danske Bank AS  (OTCPK:DNKEY) 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.


Danske Bank AS Cyclically Adjusted Price-to-FCF Related Terms

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


Danske Bank AS Business Description

Industry
Address
Holmens Kanal 2-12, Copenhagen, DNK, DK-1092
Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 24% in lending and 27% in deposits. It operates through 144 branches in Denmark, Finland, Sweden, Norway, and Northern Ireland.

Danske Bank AS Headlines