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SpareBank 1 SR Bank ASA (OSL:SRBNK) Cyclically Adjusted FCF per Share : kr-32.66 (As of Mar. 2024)


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What is SpareBank 1 SR Bank ASA 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.

SpareBank 1 SR Bank ASA's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr-31.264. 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 kr-32.66 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -14.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -13.20% 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 SpareBank 1 SR Bank ASA was -13.40% per year. The lowest was -22.40% per year. And the median was -14.80% per year.

As of today (2024-04-29), SpareBank 1 SR Bank ASA's current stock price is kr131.00. SpareBank 1 SR Bank ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr-32.66. SpareBank 1 SR Bank ASA's Cyclically Adjusted Price-to-FCF of today is .


SpareBank 1 SR Bank ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SpareBank 1 SR Bank ASA'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.

SpareBank 1 SR Bank ASA Cyclically Adjusted FCF per Share Chart

SpareBank 1 SR Bank ASA 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 -19.16 -19.79 -28.33 -35.11 -29.92

SpareBank 1 SR Bank ASA 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 -35.81 -34.68 -31.66 -29.92 -32.66

Competitive Comparison of SpareBank 1 SR Bank ASA's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, SpareBank 1 SR Bank ASA'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.


SpareBank 1 SR Bank ASA's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 SR Bank ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where SpareBank 1 SR Bank ASA's Cyclically Adjusted Price-to-FCF falls into.



SpareBank 1 SR Bank ASA 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, SpareBank 1 SR Bank ASA'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)
=-31.264/131.9000*131.9000
=-31.264

Current CPI (Mar. 2024) = 131.9000.

SpareBank 1 SR Bank ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -15.233 97.500 -20.608
201409 0.478 98.500 0.640
201412 1.415 98.600 1.893
201503 10.920 99.200 14.520
201506 -11.234 100.100 -14.803
201509 -12.329 100.600 -16.165
201512 -9.025 100.900 -11.798
201603 -13.512 102.500 -17.388
201606 -6.752 103.800 -8.580
201609 -0.321 104.200 -0.406
201612 -3.632 104.400 -4.589
201703 2.019 105.000 2.536
201706 -16.835 105.800 -20.988
201709 -20.413 105.900 -25.425
201712 -0.967 106.100 -1.202
201803 4.402 107.300 5.411
201806 5.587 108.500 6.792
201809 -29.254 109.500 -35.238
201812 -19.568 109.800 -23.507
201903 -32.890 110.400 -39.295
201906 9.413 110.600 11.226
201909 -1.754 111.100 -2.082
201912 -17.077 111.300 -20.238
202003 25.295 111.200 30.004
202006 -21.824 112.100 -25.679
202009 -2.630 112.900 -3.073
202012 -10.278 112.900 -12.008
202103 -30.802 114.600 -35.452
202106 32.771 115.300 37.489
202109 -12.350 117.500 -13.864
202112 -19.505 118.900 -21.638
202203 14.158 119.800 15.588
202206 -11.471 122.600 -12.341
202209 -50.755 125.600 -53.301
202212 -13.454 125.900 -14.095
202303 -13.612 127.600 -14.071
202306 25.534 130.400 25.828
202309 -4.171 129.800 -4.238
202312 24.792 131.900 24.792
202403 -31.264 131.900 -31.264

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


SpareBank 1 SR Bank ASA  (OSL:SRBNK) 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.


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.


SpareBank 1 SR Bank ASA Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of SpareBank 1 SR Bank ASA's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SpareBank 1 SR Bank ASA (OSL:SRBNK) Business Description

Industry
Traded in Other Exchanges
Address
Christen Tranes Gate 35, Stavanger, NOR, 4007
SpareBank 1 SR Bank ASA is a Norwegian regional bank engaged in selling and procuring a wide range of financial products and services, investments services, leasing, estate agency and accounting services. The company is organized around three customer segments: 1) Retail customers, 2) SME and Agriculture, and 3) Large Corporates. The company primarily operates in a geographical area bounded by Oslo in the southeast and Bergen in the northwest.

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