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ERNXY (Euronext NV) Cyclically Adjusted Price-to-FCF : 27.56 (As of Jan. 18, 2025)


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What is Euronext NV Cyclically Adjusted Price-to-FCF?

As of today (2025-01-18), Euronext NV's current share price is $22.32. Euronext NV's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $0.81. Euronext NV's Cyclically Adjusted Price-to-FCF for today is 27.56.

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

ERNXY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.55   Med: 23.02   Max: 38.51
Current: 28.07

During the past years, Euronext NV's highest Cyclically Adjusted Price-to-FCF was 38.51. The lowest was 16.55. And the median was 23.02.

ERNXY's Cyclically Adjusted Price-to-FCF is ranked worse than
59.91% of 232 companies
in the Capital Markets industry
Industry Median: 21.6 vs ERNXY: 28.07

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.

Euronext NV's adjusted free cash flow per share data for the three months ended in Sep. 2024 was $-0.122. 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 $0.81 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Euronext NV Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Euronext NV'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.

Euronext NV Cyclically Adjusted Price-to-FCF Chart

Euronext NV 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 - 32.83 30.73 20.03 20.51

Euronext NV 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 19.46 20.51 21.93 22.15 25.61

Competitive Comparison of Euronext NV's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Euronext NV'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.


Euronext NV's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Euronext NV's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Euronext NV 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.

Euronext NV's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.32/0.81
=27.56

* 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.

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

For example, Euronext NV'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)
=-0.122/131.6100*131.6100
=-0.122

Current CPI (Sep. 2024) = 131.6100.

Euronext NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.017 99.050 0.023
201503 0.131 99.750 0.173
201506 0.058 100.230 0.076
201509 0.141 100.500 0.185
201512 0.013 99.730 0.017
201603 0.148 100.310 0.194
201606 0.112 100.260 0.147
201609 -0.127 100.570 -0.166
201612 0.332 100.710 0.434
201703 0.140 101.440 0.182
201706 0.114 101.370 0.148
201709 -0.111 102.030 -0.143
201712 0.397 101.970 0.512
201803 0.226 102.470 0.290
201806 0.052 103.100 0.066
201809 -0.065 103.950 -0.082
201812 0.403 103.970 0.510
201903 0.160 105.370 0.200
201906 0.097 105.840 0.121
201909 -0.053 106.700 -0.065
201912 0.459 106.800 0.566
202003 0.135 106.850 0.166
202006 0.232 107.510 0.284
202009 -0.182 107.880 -0.222
202012 0.611 107.850 0.746
202103 0.564 108.870 0.682
202106 -0.032 109.670 -0.038
202109 0.053 110.790 0.063
202112 0.596 114.010 0.688
202203 0.727 119.460 0.801
202206 0.105 119.050 0.116
202209 -0.212 126.890 -0.220
202212 0.448 124.940 0.472
202303 0.589 124.720 0.622
202306 0.234 125.830 0.245
202309 -0.525 127.160 -0.543
202312 1.195 126.450 1.244
202403 0.351 128.580 0.359
202406 -0.161 129.910 -0.163
202409 -0.122 131.610 -0.122

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.


Euronext NV  (OTCPK:ERNXY) 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.


Euronext NV Cyclically Adjusted Price-to-FCF Related Terms

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


Euronext NV Business Description

Traded in Other Exchanges
Address
Beursplein 5, Amsterdam, NLD, 1012 JW
Euronext is a financial exchange group with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering primarily cash equities, fixed income, and index and single stock derivatives. With the acquisition of Borsa Italiana, Euronext has also taken control of CC&G, the Italian multi-asset clearing house, as well as Monte Titoli, the Italian central securities depository. This complements Euronext's other CSDs in Norway, Denmark and Portugal. Euronext is the owner of the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20 indexes.

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