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Swedbank AB (OSTO:SWED A) Cyclically Adjusted Price-to-FCF : 9.20 (As of May. 28, 2024)


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

As of today (2024-05-28), Swedbank AB's current share price is kr215.30. Swedbank AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr23.41. Swedbank AB's Cyclically Adjusted Price-to-FCF for today is 9.20.

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

OSTO:SWED A' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.78   Med: 8.12   Max: 37.21
Current: 9.19

During the past years, Swedbank AB's highest Cyclically Adjusted Price-to-FCF was 37.21. The lowest was 2.78. And the median was 8.12.

OSTO:SWED A's Cyclically Adjusted Price-to-FCF is ranked worse than
63.37% of 830 companies
in the Banks industry
Industry Median: 7.35 vs OSTO:SWED A: 9.19

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.

Swedbank AB's adjusted free cash flow per share data for the three months ended in Mar. 2024 was kr63.944. 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 kr23.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swedbank AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Swedbank 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.

Swedbank AB Cyclically Adjusted Price-to-FCF Chart

Swedbank 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 9.43 5.45 7.30 6.31 10.50

Swedbank 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 10.07 13.42 12.97 10.50 9.07

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

For the Banks - Regional subindustry, Swedbank 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.


Swedbank AB's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Swedbank 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=215.30/23.41
=9.20

* 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.

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

For example, Swedbank 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)
=63.944/132.2054*132.2054
=63.944

Current CPI (Mar. 2024) = 132.2054.

Swedbank AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 24.434 100.432 32.164
201409 -11.618 100.161 -15.335
201412 -23.634 100.225 -31.175
201503 64.316 99.950 85.072
201506 31.037 99.995 41.035
201509 -68.302 100.228 -90.094
201512 33.200 100.276 43.771
201603 109.250 100.751 143.357
201606 -16.735 101.019 -21.901
201609 -72.512 101.138 -94.787
201612 -67.953 102.022 -88.057
201703 141.561 102.022 183.443
201706 80.618 102.752 103.726
201709 -113.793 103.279 -145.664
201712 -57.842 103.793 -73.676
201803 150.837 103.962 191.815
201806 -74.064 104.875 -93.366
201809 -45.962 105.679 -57.499
201812 -20.145 105.912 -25.146
201903 -24.422 105.886 -30.492
201906 31.917 106.742 39.531
201909 -25.358 107.214 -31.269
201912 51.377 107.766 63.028
202003 91.626 106.563 113.674
202006 79.499 107.498 97.771
202009 6.561 107.635 8.059
202012 -80.653 108.296 -98.460
202103 177.133 108.360 216.113
202106 76.536 108.928 92.892
202109 43.658 110.338 52.310
202112 -253.169 112.486 -297.551
202203 55.276 114.825 63.643
202206 0.116 118.384 0.130
202209 9.864 122.296 10.663
202212 -82.061 126.365 -85.854
202303 -18.018 127.042 -18.750
202306 -16.766 129.407 -17.129
202309 -68.590 130.224 -69.634
202312 -26.167 131.912 -26.225
202403 63.944 132.205 63.944

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.


Swedbank AB  (OSTO:SWED A) 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.


Swedbank AB Cyclically Adjusted Price-to-FCF Related Terms

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


Swedbank AB (OSTO:SWED A) Business Description

Industry
Traded in Other Exchanges
Address
Landsvagen 40, Sundbyberg, Stockholm, SWE, 172 63
Swedbank is one of the oldest banks in Sweden, where it derives the lion's share of its income. The bank is the result of merging savings and union banks in Sweden in the aftermath of the financial crisis in the early 1990s in Sweden. The remaining independent savings banks in Sweden remain in close collaboration with Swedbank, acting as an additional product distribution channel to Swedbank and sharing Swedbank's IT systems and part of its development costs. In addition, the bank operates in the three Baltic states: Estonia, Latvia, and Lithuania. Swedbank has a market-leading position in the Baltics, with share ranging from 20% to 55% in retail banking, where it generates 16% of revenue.

Swedbank AB (OSTO:SWED A) Headlines

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