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Atlas Copco AB (Atlas Copco AB) Cyclically Adjusted FCF per Share : $0.35 (As of Mar. 2024)


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What is Atlas Copco AB Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Atlas Copco AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.125. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Atlas Copco AB's average Cyclically Adjusted FCF Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Atlas Copco AB was 12.00% per year. The lowest was 3.60% per year. And the median was 9.15% per year.

As of today (2024-04-28), Atlas Copco AB's current stock price is $15.24. Atlas Copco AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.35. Atlas Copco AB's Cyclically Adjusted Price-to-FCF of today is 43.54.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Atlas Copco AB was 48.79. The lowest was 19.07. And the median was 33.43.


Atlas Copco AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Atlas Copco AB's Cyclically Adjusted FCF per Share 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.

Atlas Copco AB Cyclically Adjusted FCF per Share Chart

Atlas Copco AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.32 0.32 0.33 0.36

Atlas Copco 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 FCF per Share 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 0.34 0.32 0.32 0.36 0.35

Competitive Comparison of Atlas Copco AB's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, Atlas Copco 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.


Atlas Copco AB's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Atlas Copco AB Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Atlas Copco 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)
=0.125/130.9575*130.9575
=0.125

Current CPI (Mar. 2024) = 130.9575.

Atlas Copco AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.092 100.432 0.120
201409 0.107 100.161 0.140
201412 0.139 100.225 0.182
201503 0.049 99.950 0.064
201506 0.095 99.995 0.124
201509 0.117 100.228 0.153
201512 0.111 100.276 0.145
201603 0.082 100.751 0.107
201606 0.043 101.019 0.056
201609 0.118 101.138 0.153
201612 0.131 102.022 0.168
201703 0.072 102.022 0.092
201706 0.098 102.752 0.125
201709 0.146 103.279 0.185
201712 0.139 103.793 0.175
201803 0.092 103.962 0.116
201806 0.047 104.875 0.059
201809 0.083 105.679 0.103
201812 0.107 105.912 0.132
201903 0.054 105.886 0.067
201906 0.045 106.742 0.055
201909 0.093 107.214 0.114
201912 0.099 107.766 0.120
202003 0.084 106.563 0.103
202006 0.073 107.498 0.089
202009 0.127 107.635 0.155
202012 0.163 108.296 0.197
202103 0.108 108.360 0.131
202106 0.090 108.928 0.108
202109 0.109 110.338 0.129
202112 0.158 112.486 0.184
202203 0.049 114.825 0.056
202206 0.060 118.384 0.066
202209 0.108 122.296 0.116
202212 0.107 126.365 0.111
202303 0.092 127.042 0.095
202306 0.047 129.407 0.048
202309 0.121 130.224 0.122
202312 0.178 130.958 0.178
202403 0.125 130.958 0.125

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Atlas Copco AB  (OTCPK:ATLCY) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Atlas Copco AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.24/0.35
=43.54

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Atlas Copco AB was 48.79. The lowest was 19.07. And the median was 33.43.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Atlas Copco AB Cyclically Adjusted FCF per Share Related Terms

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


Atlas Copco AB (Atlas Copco AB) Business Description

Industry
Address
Sickla Industrivag 19, Nacka, Stockholm, SWE, SE-105 23
Atlas Copco is a 140-year-old Swedish company that pioneered air compression technology and remains a leading air compressor manufacturer. Atlas Copco is also a leading manufacturer of vacuum pump equipment, industrial power tools, and portable power and air compression equipment. The company's operations match the geographic breadth of its customers, with a presence in 180 countries. Atlas Copco's revenue is derived from three sources: initial equipment sales, spare parts, and maintenance.

Atlas Copco AB (Atlas Copco AB) Headlines