GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kinnevik AB (STU:IV61) » Definitions » Cyclically Adjusted Price-to-FCF

Kinnevik AB (STU:IV61) Cyclically Adjusted Price-to-FCF : 11.90 (As of Jun. 20, 2024)


View and export this data going back to . Start your Free Trial

What is Kinnevik AB Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), Kinnevik AB's current share price is €8.095. Kinnevik AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.68. Kinnevik AB's Cyclically Adjusted Price-to-FCF for today is 11.90.

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

STU:IV61' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.18   Med: 42.36   Max: 90.18
Current: 11.49

During the past years, Kinnevik AB's highest Cyclically Adjusted Price-to-FCF was 90.18. The lowest was 9.18. And the median was 42.36.

STU:IV61's Cyclically Adjusted Price-to-FCF is ranked better than
62.77% of 505 companies
in the Asset Management industry
Industry Median: 20 vs STU:IV61: 11.49

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.

Kinnevik AB's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.041. 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 €0.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinnevik AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kinnevik AB'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.

Kinnevik AB Cyclically Adjusted Price-to-FCF Chart

Kinnevik AB 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 37.39 63.78 44.71 14.42 13.38

Kinnevik AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 16.87 16.20 10.60 13.38 15.07

Competitive Comparison of Kinnevik AB's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Kinnevik AB'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.


Kinnevik AB's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kinnevik AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kinnevik AB 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.

Kinnevik AB's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.095/0.68
=11.90

* 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.

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

For example, Kinnevik AB'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)
=-0.041/132.2054*132.2054
=-0.041

Current CPI (Mar. 2024) = 132.2054.

Kinnevik AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.554 100.432 0.729
201409 -0.052 100.161 -0.069
201412 -0.023 100.225 -0.030
201503 -0.021 99.950 -0.028
201506 1.140 99.995 1.507
201509 -0.019 100.228 -0.025
201512 -0.022 100.276 -0.029
201603 -0.030 100.751 -0.039
201606 0.656 101.019 0.859
201609 -0.014 101.138 -0.018
201612 -0.028 102.022 -0.036
201703 -0.028 102.022 -0.036
201706 0.660 102.752 0.849
201709 0.137 103.279 0.175
201712 -0.024 103.793 -0.031
201803 -0.001 103.962 -0.001
201806 0.407 104.875 0.513
201809 0.009 105.679 0.011
201812 0.139 105.912 0.174
201903 -0.032 105.886 -0.040
201906 0.289 106.742 0.358
201909 0.358 107.214 0.441
201912 0.284 107.766 0.348
202003 -0.045 106.563 -0.056
202006 0.158 107.498 0.194
202009 -0.037 107.635 -0.045
202012 0.393 108.296 0.480
202103 -0.046 108.360 -0.056
202106 0.176 108.928 0.214
202109 0.175 110.338 0.210
202112 0.158 112.486 0.186
202203 -0.051 114.825 -0.059
202206 1.018 118.384 1.137
202209 -0.027 122.296 -0.029
202212 0.128 126.365 0.134
202303 -0.039 127.042 -0.041
202306 0.132 129.407 0.135
202309 -0.041 130.224 -0.042
202312 0.136 131.912 0.136
202403 -0.041 132.205 -0.041

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.


Kinnevik AB  (STU:IV61) 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.


Kinnevik AB Cyclically Adjusted Price-to-FCF Related Terms

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


Kinnevik AB (STU:IV61) Business Description

Industry
Address
Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13
Kinnevik AB is an operationally oriented investment group with an entrepreneurial focus on building digital brands. It concentrates its growth-style investment efforts on four sectors: TMT, e-commerce and marketplaces, Healthcare and financial services. Nearly all of its capital is committed to the communication and e-commerce and marketplace sectors. The group, through its various subsidiaries, is geographically diversified and operationally present in over 80 countries. Kinnevik's bias is toward investing in emerging markets because of the opportunity afforded by these markets' reliance on legacy products and services. A key component of its strategy is to create consumer choice of solutions in markets where supply may have been previously constrained.

Kinnevik AB (STU:IV61) Headlines

No Headlines