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Volkswagen AG (FRA:VOWB) Cyclically Adjusted Price-to-FCF : (As of May. 16, 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)
=-0.769/125.0381*125.0381
=-0.769

Current CPI (Mar. 2024) = 125.0381.

Volkswagen AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.296 99.543 -0.372
201409 0.234 99.823 0.293
201412 -0.832 99.543 -1.045
201503 0.017 99.717 0.021
201506 0.074 100.417 0.092
201509 0.195 100.417 0.243
201512 -1.195 99.717 -1.498
201603 -0.410 100.017 -0.513
201606 -0.015 100.717 -0.019
201609 0.050 101.017 0.062
201612 -1.514 101.217 -1.870
201703 -0.608 101.417 -0.750
201706 -1.411 102.117 -1.728
201709 -0.207 102.717 -0.252
201712 -1.662 102.617 -2.025
201803 0.163 102.917 0.198
201806 -0.615 104.017 -0.739
201809 -0.056 104.718 -0.067
201812 -1.824 104.217 -2.188
201903 -0.071 104.217 -0.085
201906 -0.177 105.718 -0.209
201909 0.397 106.018 0.468
201912 -0.432 105.818 -0.510
202003 -0.358 105.718 -0.423
202006 0.389 106.618 0.456
202009 1.419 105.818 1.677
202012 -0.022 105.518 -0.026
202103 1.037 107.518 1.206
202106 1.135 108.486 1.308
202109 1.316 109.435 1.504
202112 0.529 110.384 0.599
202203 1.064 113.968 1.167
202206 0.535 115.760 0.578
202209 0.893 118.818 0.940
202212 -1.330 119.345 -1.393
202303 0.183 122.402 0.187
202306 -0.948 123.140 -0.963
202309 -0.078 124.195 -0.079
202312 -0.442 123.773 -0.447
202403 -0.769 125.038 -0.769

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  (FRA:VOWB) 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

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Volkswagen AG (FRA:VOWB) 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 (FRA:VOWB) Headlines

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