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Dexco (BSP:DXCO3) Cyclically Adjusted FCF per Share : R$0.48 (As of Dec. 2023)


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What is Dexco 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.

Dexco's adjusted free cash flow per share for the three months ended in Dec. 2023 was R$0.235. 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 R$0.48 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Dexco's average Cyclically Adjusted FCF Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.90% 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 Dexco was 22.70% per year. The lowest was 5.40% per year. And the median was 16.00% per year.

As of today (2024-04-28), Dexco's current stock price is R$7.31. Dexco's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$0.48. Dexco's Cyclically Adjusted Price-to-FCF of today is 15.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Dexco was 60.06. The lowest was 11.04. And the median was 31.76.


Dexco Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Dexco'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.

Dexco Cyclically Adjusted FCF per Share Chart

Dexco 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 0.32 0.41 0.48 0.50 0.48

Dexco Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.50 0.49 0.48 0.49 0.48

Competitive Comparison of Dexco's Cyclically Adjusted FCF per Share

For the Lumber & Wood Production subindustry, Dexco'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.


Dexco's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Dexco's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Dexco 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, Dexco's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.235/156.2729*156.2729
=0.235

Current CPI (Dec. 2023) = 156.2729.

Dexco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.051 90.447 -0.088
201406 -0.018 91.838 -0.031
201409 0.158 92.602 0.267
201412 0.166 94.194 0.275
201503 0.026 97.799 0.042
201506 0.076 100.006 0.119
201509 -0.010 101.392 -0.015
201512 0.036 104.247 0.054
201603 -0.087 106.979 -0.127
201606 0.155 108.851 0.223
201609 -0.099 109.986 -0.141
201612 0.118 110.802 0.166
201703 0.005 111.869 0.007
201706 -0.075 112.115 -0.105
201709 0.058 112.777 0.080
201712 0.058 114.068 0.079
201803 -0.052 114.868 -0.071
201806 -0.075 117.038 -0.100
201809 -0.031 117.881 -0.041
201812 0.089 118.340 0.118
201903 0.014 120.124 0.018
201906 -0.097 120.977 -0.125
201909 0.320 121.292 0.412
201912 0.542 123.436 0.686
202003 -0.075 124.092 -0.094
202006 -0.157 123.557 -0.199
202009 0.984 125.095 1.229
202012 0.725 129.012 0.878
202103 0.270 131.660 0.320
202106 0.140 133.871 0.163
202109 0.156 137.913 0.177
202112 0.673 141.992 0.741
202203 -0.128 146.537 -0.137
202206 -0.396 149.784 -0.413
202209 0.371 147.800 0.392
202212 -0.079 150.207 -0.082
202303 -0.162 153.352 -0.165
202306 0.017 154.519 0.017
202309 0.031 155.464 0.031
202312 0.235 156.273 0.235

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


Dexco  (BSP:DXCO3) 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.

Dexco's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.31/0.48
=15.23

* 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 Dexco was 60.06. The lowest was 11.04. And the median was 31.76.


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.


Dexco Cyclically Adjusted FCF per Share Related Terms

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


Dexco (BSP:DXCO3) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Paulista Avenue, 1938, 5th floor, Sao Paulo, SP, BRA, 01310-942
Dexco SA is engaged in the production of wooden panels, vitreous chinaware, metal bathroom fittings and showers, and ceramic and cement floors. It operates in these segments; The Wood segment operates four industrial units in Brazil and three in Colombia producing MDP panels (medium density panels), MDF and HDF panels (medium and high fiber density panels), under the Duratex brand, the Durafloor brand for laminates and semi-finished components for furniture, The Deca segment operates eight industrial units in Brazil, producing vitreous chinaware, metal fittings, and showers, under the brands Deca, Hydra, Belize, Elizabeth, and Hydra Corona, and the Ceramic Tile segment operates four industrial plants in Brazil, producing ceramic tiles, under the Ceusa, Portinari, and Castelatto brands.

Dexco (BSP:DXCO3) Headlines

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