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Leoni AG (XTER:LEO) Cyclically Adjusted FCF per Share : €-3.25 (As of Dec. 2022)


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What is Leoni 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.

Leoni AG's adjusted free cash flow per share for the three months ended in Dec. 2022 was €4.206. 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 €-3.25 for the trailing ten years ended in Dec. 2022.

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 (2024-04-29), Leoni AG's current stock price is €0.0399. Leoni AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2022 was €-3.25. Leoni AG's Cyclically Adjusted Price-to-FCF of today is .


Leoni AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Leoni 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.

Leoni AG Cyclically Adjusted FCF per Share Chart

Leoni AG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.12 -1.10 -1.69 -2.29 -3.25

Leoni AG Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 -2.29 -2.87 -3.11 -3.15 -3.25

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

For the Electrical Equipment & Parts subindustry, Leoni 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.


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

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

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



Leoni 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, Leoni AG's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2022 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=4.206/119.3449*119.3449
=4.206

Current CPI (Dec. 2022) = 119.3449.

Leoni AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201303 -2.505 98.516 -3.035
201306 -0.085 98.516 -0.103
201309 0.673 98.983 0.811
201312 2.952 99.356 3.546
201403 -1.996 99.543 -2.393
201406 -0.910 99.543 -1.091
201409 -0.897 99.823 -1.072
201412 2.614 99.543 3.134
201503 -2.653 99.717 -3.175
201506 -0.235 100.417 -0.279
201509 -0.742 100.417 -0.882
201512 3.026 99.717 3.622
201603 -2.612 100.017 -3.117
201606 -0.158 100.717 -0.187
201609 -2.216 101.017 -2.618
201612 3.858 101.217 4.549
201703 -2.155 101.417 -2.536
201706 0.220 102.117 0.257
201709 -1.087 102.717 -1.263
201712 2.077 102.617 2.416
201803 -3.551 102.917 -4.118
201806 -0.912 104.017 -1.046
201809 -4.327 104.718 -4.931
201812 3.970 104.217 4.546
201903 -9.544 104.217 -10.929
201906 -2.444 105.718 -2.759
201909 -0.498 106.018 -0.561
201912 2.512 105.818 2.833
202003 -2.019 105.718 -2.279
202006 -7.665 106.618 -8.580
202009 1.952 105.818 2.202
202012 3.206 105.518 3.626
202103 -3.290 107.518 -3.652
202106 -0.137 108.486 -0.151
202109 -2.510 109.435 -2.737
202112 4.976 110.384 5.380
202203 -5.412 113.968 -5.667
202206 -3.336 115.760 -3.439
202209 -0.976 118.818 -0.980
202212 4.206 119.345 4.206

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


Leoni AG  (XTER:LEO) 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.


Leoni AG Cyclically Adjusted FCF per Share Related Terms

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


Leoni AG (XTER:LEO) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Marienstrasse 7, Nuremberg, DEU, D-90402
Leoni AG is a manufacturer of wiring systems used in the automotive, healthcare, communications, and infrastructure industries. The company operates two business segments: wiring systems and wire & cable solutions, which offer entire wiring systems and harnesses, as well as various copper, hybrid, and optical cables and fibers. Its customers include carmakers, automotive suppliers, commercial vehicle manufacturers, the agricultural and special vehicles industry, and makers of power sports vehicles. Leoni generates the largest share of its revenue in Europe, with a focus on Germany and Eastern Europe. The company also has end markets in the Americas and Asia.

Leoni AG (XTER:LEO) Headlines

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