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Ser Educacional (BSP:SEER3) Cyclically Adjusted FCF per Share : R$1.38 (As of Dec. 2023)


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What is Ser Educacional 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.

Ser Educacional's adjusted free cash flow per share for the three months ended in Dec. 2023 was R$-0.077. 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$1.38 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Ser Educacional's average Cyclically Adjusted FCF Growth Rate was 4.50% 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.

As of today (2024-05-15), Ser Educacional's current stock price is R$4.76. Ser Educacional's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$1.38. Ser Educacional's Cyclically Adjusted Price-to-FCF of today is 3.45.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ser Educacional was 16.42. The lowest was 2.07. And the median was 5.01.


Ser Educacional Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ser Educacional'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.

Ser Educacional Cyclically Adjusted FCF per Share Chart

Ser Educacional 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 - - 1.20 1.32 1.38

Ser Educacional 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 1.32 1.38 1.35 1.37 1.38

Competitive Comparison of Ser Educacional's Cyclically Adjusted FCF per Share

For the Education & Training Services subindustry, Ser Educacional'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.


Ser Educacional's Cyclically Adjusted Price-to-FCF Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Ser Educacional's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ser Educacional 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, Ser Educacional'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)
=-0.077/156.2729*156.2729
=-0.077

Current CPI (Dec. 2023) = 156.2729.

Ser Educacional Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.105 90.447 0.181
201406 -0.117 91.838 -0.199
201409 0.368 92.602 0.621
201412 -0.236 94.194 -0.392
201503 -0.217 97.799 -0.347
201506 -0.008 100.006 -0.013
201509 0.402 101.392 0.620
201512 -0.344 104.247 -0.516
201603 -0.285 106.979 -0.416
201606 0.458 108.851 0.658
201609 1.035 109.986 1.471
201612 0.417 110.802 0.588
201703 -0.163 111.869 -0.228
201706 0.506 112.115 0.705
201709 0.939 112.777 1.301
201712 0.631 114.068 0.864
201803 -0.108 114.868 -0.147
201806 0.287 117.038 0.383
201809 1.474 117.881 1.954
201812 0.490 118.340 0.647
201903 0.007 120.124 0.009
201906 -0.090 120.977 -0.116
201909 1.061 121.292 1.367
201912 0.347 123.436 0.439
202003 -0.159 124.092 -0.200
202006 0.532 123.557 0.673
202009 0.334 125.095 0.417
202012 1.210 129.012 1.466
202103 0.220 131.660 0.261
202106 0.333 133.871 0.389
202109 0.460 137.913 0.521
202112 -0.054 141.992 -0.059
202203 0.271 146.537 0.289
202206 0.107 149.784 0.112
202209 -0.068 147.800 -0.072
202212 -0.013 150.207 -0.014
202303 0.524 153.352 0.534
202306 0.073 154.519 0.074
202309 0.008 155.464 0.008
202312 -0.077 156.273 -0.077

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


Ser Educacional  (BSP:SEER3) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.76/1.38
=3.45

* 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 Ser Educacional was 16.42. The lowest was 2.07. And the median was 5.01.


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.


Ser Educacional Cyclically Adjusted FCF per Share Related Terms

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


Ser Educacional (BSP:SEER3) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Av Da Saudade. 254, Recife, PE, BRA, 50100200
Ser Educacional SA is an education and training services company. It is principally involved in the development and management activities for on-campus and distance-learning undergraduate, graduate, professional training, and other areas of education, and in participation, as a partner or shareholder, in other partnerships and companies in Brazil. Geographically, the operations are carried out through Brazil which also accounts for the majority of the revenue which includes monthly tuitions charged to students enrolled semiannually in regular undergraduate, graduate, distance learning, and technical courses.

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