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Deutz AG (WBO:DEZ) Cyclically Adjusted FCF per Share : €0.23 (As of Dec. 2023)


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What is Deutz AG 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.

Deutz AG's adjusted free cash flow per share for the three months ended in Dec. 2023 was €0.548. 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 €0.23 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Deutz AG's average Cyclically Adjusted FCF Growth Rate was 21.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.20% 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 Deutz AG was 10.60% per year. The lowest was 1.80% per year. And the median was 6.20% per year.

As of today (2024-04-29), Deutz AG's current stock price is €5.68. Deutz AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.23. Deutz AG's Cyclically Adjusted Price-to-FCF of today is 24.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deutz AG was 54.00. The lowest was 14.38. And the median was 29.47.


Deutz AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Deutz AG'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.

Deutz AG Cyclically Adjusted FCF per Share Chart

Deutz AG 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 0.18 0.17 0.18 0.19 0.23

Deutz AG 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 0.19 0.22 0.20 0.20 0.23

Competitive Comparison of Deutz AG's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, Deutz AG'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.


Deutz AG's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Deutz AG 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, Deutz AG'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)
=0.548/123.6675*123.6675
=0.548

Current CPI (Dec. 2023) = 123.6675.

Deutz AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.056 99.543 -0.070
201406 0.117 99.543 0.145
201409 0.267 99.823 0.331
201412 0.111 99.543 0.138
201503 -0.004 99.717 -0.005
201506 0.219 100.417 0.270
201509 -0.281 100.417 -0.346
201512 0.331 99.717 0.411
201603 -0.242 100.017 -0.299
201606 0.100 100.717 0.123
201609 -0.083 101.017 -0.102
201612 0.257 101.217 0.314
201703 0.339 101.417 0.413
201706 0.092 102.117 0.111
201709 0.003 102.717 0.004
201712 -0.090 102.617 -0.108
201803 -0.070 102.917 -0.084
201806 -0.020 104.017 -0.024
201809 0.096 104.718 0.113
201812 0.148 104.217 0.176
201903 -0.240 104.217 -0.285
201906 -0.156 105.718 -0.182
201909 0.248 106.018 0.289
201912 0.324 105.818 0.379
202003 -0.280 105.718 -0.328
202006 -0.401 106.618 -0.465
202009 0.064 105.818 0.075
202012 0.376 105.518 0.441
202103 -0.008 107.518 -0.009
202106 0.084 108.486 0.096
202109 0.056 109.435 0.063
202112 0.102 110.384 0.114
202203 -0.041 113.968 -0.044
202206 -0.057 115.760 -0.061
202209 -0.357 118.818 -0.372
202212 0.487 119.345 0.505
202303 0.113 122.402 0.114
202306 0.011 123.140 0.011
202309 -0.082 124.195 -0.082
202312 0.548 123.668 0.548

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


Deutz AG  (WBO:DEZ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.68/0.23
=24.70

* 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 Deutz AG was 54.00. The lowest was 14.38. And the median was 29.47.


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.


Deutz AG Cyclically Adjusted FCF per Share Related Terms

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


Deutz AG (WBO:DEZ) Business Description

Industry
Traded in Other Exchanges
Address
Ottostrasse 1, Porz-Eil, Cologne, NW, DEU, 51149
Deutz AG is an independent diesel engine manufacturer based in Germany. The company engages in customized and compact diesel engines that are cooled by water, oil, or air. The operating activities of the company are Classic and Green. It generates maximum revenue from the Classic segment. Geographically, it derives a majority of its revenue from the Rest of Europe.

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