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ENCE Energia y Celulosa (CHIX:ENCE) Cyclically Adjusted FCF per Share : €0.08 (As of Mar. 2024)


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What is ENCE Energia y Celulosa 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.

ENCE Energia y Celulosa's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.196. 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 €0.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ENCE Energia y Celulosa's average Cyclically Adjusted FCF Growth Rate was -35.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% 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 ENCE Energia y Celulosa was 41.90% per year. The lowest was -14.90% per year. And the median was 18.60% per year.

As of today (2024-05-16), ENCE Energia y Celulosa's current stock price is €3.464. ENCE Energia y Celulosa's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.08. ENCE Energia y Celulosa's Cyclically Adjusted Price-to-FCF of today is 43.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ENCE Energia y Celulosa was 138.40. The lowest was 15.00. And the median was 42.17.


ENCE Energia y Celulosa Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ENCE Energia y Celulosa'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.

ENCE Energia y Celulosa Cyclically Adjusted FCF per Share Chart

ENCE Energia y Celulosa 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 0.07 0.06 0.08 0.21 0.10

ENCE Energia y Celulosa 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 0.15 0.14 0.13 0.10 0.08

Competitive Comparison of ENCE Energia y Celulosa's Cyclically Adjusted FCF per Share

For the Paper & Paper Products subindustry, ENCE Energia y Celulosa'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.


ENCE Energia y Celulosa's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

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

* The bar in red indicates where ENCE Energia y Celulosa's Cyclically Adjusted Price-to-FCF falls into.



ENCE Energia y Celulosa 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, ENCE Energia y Celulosa'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)
=-0.196/122.7621*122.7621
=-0.196

Current CPI (Mar. 2024) = 122.7621.

ENCE Energia y Celulosa Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.011 101.081 -0.013
201409 -0.018 100.441 -0.022
201412 -0.186 100.251 -0.228
201503 0.055 99.474 0.068
201506 0.158 101.138 0.192
201509 -0.033 99.559 -0.041
201512 0.028 100.268 0.034
201603 0.004 98.638 0.005
201606 -0.014 100.333 -0.017
201609 0.066 99.737 0.081
201612 0.148 101.842 0.178
201703 0.052 100.896 0.063
201706 0.099 101.848 0.119
201709 0.162 101.524 0.196
201712 0.177 102.975 0.211
201803 0.151 102.122 0.182
201806 -0.122 104.165 -0.144
201809 0.073 103.818 0.086
201812 0.051 104.193 0.060
201903 -0.147 103.488 -0.174
201906 -0.193 104.612 -0.226
201909 -0.125 103.905 -0.148
201912 0.042 105.015 0.049
202003 -0.066 103.469 -0.078
202006 -0.023 104.254 -0.027
202009 -0.032 103.521 -0.038
202012 -0.023 104.456 -0.027
202103 -0.205 104.857 -0.240
202106 0.114 107.102 0.131
202109 0.079 107.669 0.090
202112 0.297 111.298 0.328
202203 0.220 115.153 0.235
202206 0.293 118.044 0.305
202209 0.480 117.221 0.503
202212 0.015 117.650 0.016
202303 -0.425 118.948 -0.439
202306 0.003 120.278 0.003
202309 -0.212 121.343 -0.214
202312 0.032 121.300 0.032
202403 -0.196 122.762 -0.196

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


ENCE Energia y Celulosa  (CHIX:ENCe) 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.

ENCE Energia y Celulosa's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.464/0.08
=43.30

* 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 ENCE Energia y Celulosa was 138.40. The lowest was 15.00. And the median was 42.17.


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.


ENCE Energia y Celulosa Cyclically Adjusted FCF per Share Related Terms

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


ENCE Energia y Celulosa (CHIX:ENCE) Business Description

Traded in Other Exchanges
Address
Beatriz de Bobadilla, 14, Madrid, ESP, 28040
ENCE Energia y Celulosa SA produces and sells pulp. The company owns and manages eucalyptus forests throughout Spain and harvests timber. The timber is transported to the firm's mills, where it produces pulp for sale to paper manufacturers. Over half of the company's pulp is sold to tissue paper producers. Other customers include manufacturers of specialty paper, printing and writing paper, and packaging paper. Ence also generates and sells electricity from forest biomass. The vast majority of revenue comes from Europe.

ENCE Energia y Celulosa (CHIX:ENCE) Headlines

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