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NEL ASA (LTS:0E4Q) Cyclically Adjusted Price-to-FCF : (As of Jun. 05, 2025)


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What is NEL ASA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


NEL ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NEL ASA'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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NEL ASA Cyclically Adjusted Price-to-FCF Chart

NEL ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
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NEL ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of NEL ASA's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, NEL ASA'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.


NEL ASA's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, NEL ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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NEL ASA 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.

NEL ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, NEL ASA's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.069/136.1000*136.1000
=-0.069

Current CPI (Mar. 2025) = 136.1000.

NEL ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.003 100.100 -0.004
201509 -0.017 100.600 -0.023
201512 -0.025 100.900 -0.034
201603 -0.035 102.500 -0.046
201606 -0.048 103.800 -0.063
201609 -0.062 104.200 -0.081
201612 0.030 104.400 0.039
201703 -0.037 105.000 -0.048
201706 0.011 105.800 0.014
201709 -0.117 105.900 -0.150
201712 -0.036 106.100 -0.046
201803 -0.067 107.300 -0.085
201806 -0.036 108.500 -0.045
201809 -0.047 109.500 -0.058
201812 -0.074 109.800 -0.092
201903 -0.045 110.400 -0.055
201906 -0.086 110.600 -0.106
201909 -0.041 111.100 -0.050
201912 -0.092 111.300 -0.112
202003 -0.040 111.200 -0.049
202006 -0.072 112.100 -0.087
202009 -0.083 112.900 -0.100
202012 -0.118 112.900 -0.142
202103 -0.176 114.600 -0.209
202106 -0.119 115.300 -0.140
202109 -0.138 117.500 -0.160
202112 -0.134 118.900 -0.153
202203 -0.143 119.800 -0.162
202206 -0.165 122.600 -0.183
202209 -0.134 125.600 -0.145
202212 -0.188 125.900 -0.203
202303 -0.087 127.600 -0.093
202306 -0.285 130.400 -0.297
202309 -0.198 129.800 -0.208
202312 -0.278 131.900 -0.287
202403 -0.117 132.600 -0.120
202406 -0.246 133.800 -0.250
202409 -0.124 133.700 -0.126
202412 -0.057 134.800 -0.058
202503 -0.069 136.100 -0.069

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.


NEL ASA  (LTS:0E4Q) 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.


NEL ASA Cyclically Adjusted Price-to-FCF Related Terms

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NEL ASA Business Description

Industry
Address
Karenslyst alle 49, Oslo, NOR, N-0279
NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Nel Alkaline Electrolyser and Nel PEM Electrolyser. It generates maximum revenue from the Nel Alkaline Electrolyser.Nel Alkaline Electrolyser segment global supplier of hydrogen production equipment based on alkaline water electrolysis technology.

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