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Volkswagen AG (XPRA:VOW) Cyclically Adjusted Price-to-FCF : (As of May. 22, 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)
=-194.496/125.0381*125.0381
=-194.496

Current CPI (Mar. 2024) = 125.0381.

Volkswagen AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -81.189 99.543 -101.984
201409 64.398 99.823 80.665
201412 -230.259 99.543 -289.234
201503 4.582 99.717 5.746
201506 20.176 100.417 25.123
201509 52.911 100.417 65.884
201512 -323.334 99.717 -405.440
201603 -111.225 100.017 -139.050
201606 -4.159 100.717 -5.163
201609 13.490 101.017 16.698
201612 -409.690 101.217 -506.110
201703 -164.578 101.417 -202.910
201706 -370.841 102.117 -454.080
201709 -54.116 102.717 -65.876
201712 -426.380 102.617 -519.541
201803 41.481 102.917 50.397
201806 -158.542 104.017 -190.582
201809 -14.414 104.718 -17.211
201812 -470.898 104.217 -564.975
201903 -18.279 104.217 -21.931
201906 -45.321 105.718 -53.604
201909 102.874 106.018 121.330
201912 -110.219 105.818 -130.239
202003 -95.181 105.718 -112.576
202006 103.900 106.618 121.851
202009 378.940 105.818 447.770
202012 -5.827 105.518 -6.905
202103 271.650 107.518 315.916
202106 289.033 108.486 333.132
202109 333.851 109.435 381.452
202112 133.429 110.384 151.143
202203 265.900 113.968 291.728
202206 132.389 115.760 142.999
202209 219.410 118.818 230.896
202212 -322.863 119.345 -338.265
202303 43.423 122.402 44.358
202306 -224.415 123.140 -227.873
202309 -18.957 124.195 -19.086
202312 -108.286 123.773 -109.393
202403 -194.496 125.038 -194.496

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  (XPRA:VOW) 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 (XPRA:VOW) 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 (XPRA:VOW) Headlines

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