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VZ Holding AG (XSWX:VZN) Cyclically Adjusted Price-to-FCF : 21.63 (As of Apr. 30, 2024)


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What is VZ Holding AG Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), VZ Holding AG's current share price is CHF106.20. VZ Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was CHF4.91. VZ Holding AG's Cyclically Adjusted Price-to-FCF for today is 21.63.

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

XSWX:VZN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.44   Med: 21.25   Max: 32.4
Current: 21.35

During the past 13 years, VZ Holding AG's highest Cyclically Adjusted Price-to-FCF was 32.40. The lowest was 12.44. And the median was 21.25.

XSWX:VZN's Cyclically Adjusted Price-to-FCF is ranked worse than
52.55% of 510 companies
in the Asset Management industry
Industry Median: 20.185 vs XSWX:VZN: 21.35

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.

VZ Holding AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was CHF3.949. 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 CHF4.91 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


VZ Holding AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for VZ Holding 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.

* Premium members only.

VZ Holding AG Cyclically Adjusted Price-to-FCF Chart

VZ Holding AG 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 19.12 16.84 18.12 14.71 20.01

VZ Holding AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 18.12 - 14.71 - 20.01

Competitive Comparison of VZ Holding AG's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, VZ Holding 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.


VZ Holding AG's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, VZ Holding AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where VZ Holding AG's Cyclically Adjusted Price-to-FCF falls into.



VZ Holding 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.

VZ Holding AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=106.20/4.91
=21.63

* 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.

VZ Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, VZ Holding AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=3.949/106.4611*106.4611
=3.949

Current CPI (Dec23) = 106.4611.

VZ Holding AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 5.807 100.704 6.139
201512 1.507 99.386 1.614
201612 6.884 99.380 7.375
201712 0.205 100.213 0.218
201812 0.850 100.906 0.897
201912 12.370 101.063 13.031
202012 15.285 100.241 16.234
202112 8.249 101.776 8.629
202212 -8.857 104.666 -9.009
202312 3.949 106.461 3.949

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.


VZ Holding AG  (XSWX:VZN) 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.


VZ Holding AG Cyclically Adjusted Price-to-FCF Related Terms

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VZ Holding AG (XSWX:VZN) Business Description

Traded in Other Exchanges
Address
Gotthardstrasse 6, Zurich, CHE, 8002
VZ Holding AG offers financial advisory services for individuals and companies in many areas. The group helps clients plan retirement, investments, and it helps with mortgage financing. VZ also provides assistance with tax optimization. Corporate clients are assisted with benefits planning and risk management. As a holding company, VZ depends on its host of subsidiaries to bring a wealth of services to clients. Altogether, the group delivers assistance with insurance questions, administers and services mortgages, and engages in bank depository activities. Revenue is primarily earned from management fees on assets under management.

VZ Holding AG (XSWX:VZN) Headlines

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