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Zalaris ASA (OSTO:ZALO) Cyclically Adjusted Price-to-FCF : (As of Sep. 22, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


Zalaris ASA Cyclically Adjusted Price-to-FCF Historical Data

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

Zalaris ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Zalaris ASA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Zalaris ASA's Cyclically Adjusted Price-to-FCF

For the Staffing & Employment Services subindustry, Zalaris 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.


Zalaris ASA's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zalaris ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Zalaris 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.

Zalaris ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Zalaris ASA's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.451/133.8000*133.8000
=0.451

Current CPI (Jun. 2024) = 133.8000.

Zalaris ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 1.616 98.500 2.195
201412 0.299 98.600 0.406
201503 -0.550 99.200 -0.742
201506 0.147 100.100 0.196
201509 0.000 100.600 0.000
201512 0.838 100.900 1.111
201603 -0.887 102.500 -1.158
201606 0.341 103.800 0.440
201609 -0.228 104.200 -0.293
201612 0.744 104.400 0.954
201703 -0.393 105.000 -0.501
201706 -8.486 105.800 -10.732
201709 -2.258 105.900 -2.853
201712 -6.007 106.100 -7.575
201803 -0.374 107.300 -0.466
201806 -0.412 108.500 -0.508
201809 0.340 109.500 0.415
201812 -0.327 109.800 -0.398
201903 -1.320 110.400 -1.600
201906 -0.108 110.600 -0.131
201909 0.595 111.100 0.717
201912 1.528 111.300 1.837
202003 0.675 111.200 0.812
202006 2.070 112.100 2.471
202009 0.421 112.900 0.499
202012 0.656 112.900 0.777
202103 -0.106 114.600 -0.124
202106 -0.358 115.300 -0.415
202109 0.237 117.500 0.270
202112 0.730 118.900 0.821
202203 -0.425 119.800 -0.475
202206 -0.104 122.600 -0.114
202209 -0.862 125.600 -0.918
202212 0.157 125.900 0.167
202303 -0.414 127.600 -0.434
202306 -0.063 130.400 -0.065
202309 0.510 129.800 0.526
202312 0.690 131.900 0.700
202403 0.030 132.600 0.030
202406 0.451 133.800 0.451

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.


Zalaris ASA  (OSTO:ZALo) 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.


Zalaris ASA Cyclically Adjusted Price-to-FCF Related Terms

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


Zalaris ASA Business Description

Industry
Traded in Other Exchanges
Address
Hoffsveien 4, Oslo, NOR, NO-0275
Zalaris ASA is engaged in delivering full-service outsourced personnel and payroll services. The company has two reportable segments that are Managed Services and Professional Services. Managed services include payroll and HR outsourcing services, as well as related cloud system solutions and services. Professional Services include deliveries of change projects based on Zalaris templates or implementation of customer-specific functionality. Managed services contribute to the majority of the revenue. The company operates in Norway, Northern Europe, Central Europe, the United Kingdom, Ireland and APAC.

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