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SalMar ASA (OSL:SALM) Cyclically Adjusted Price-to-FCF : 23.16 (As of Apr. 28, 2024)


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What is SalMar ASA Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), SalMar ASA's current share price is kr690.00. SalMar ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was kr29.79. SalMar ASA's Cyclically Adjusted Price-to-FCF for today is 23.16.

The historical rank and industry rank for SalMar ASA's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

OSL:SALM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.63   Med: 26.7   Max: 34.31
Current: 23.16

During the past years, SalMar ASA's highest Cyclically Adjusted Price-to-FCF was 34.31. The lowest was 12.63. And the median was 26.70.

OSL:SALM's Cyclically Adjusted Price-to-FCF is ranked better than
50.65% of 697 companies
in the Consumer Packaged Goods industry
Industry Median: 23.47 vs OSL:SALM: 23.16

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.

SalMar ASA's adjusted free cash flow per share data for the three months ended in Dec. 2023 was kr12.536. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is kr29.79 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


SalMar ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SalMar ASA's Cyclically Adjusted Price-to-FCF 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.

SalMar ASA Cyclically Adjusted Price-to-FCF Chart

SalMar ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.01 26.39 27.42 15.50 19.11

SalMar ASA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 15.50 17.83 16.20 18.99 19.11

Competitive Comparison of SalMar ASA's Cyclically Adjusted Price-to-FCF

For the Farm Products subindustry, SalMar 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.


SalMar ASA's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SalMar ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



SalMar ASA Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

SalMar ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=690.00/29.79
=23.16

* 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.

SalMar ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, SalMar ASA'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)
=12.536/131.9000*131.9000
=12.536

Current CPI (Dec. 2023) = 131.9000.

SalMar ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 3.942 97.300 5.344
201406 6.380 97.500 8.631
201409 -0.242 98.500 -0.324
201412 4.669 98.600 6.246
201503 5.968 99.200 7.935
201506 3.160 100.100 4.164
201509 1.509 100.600 1.979
201512 3.816 100.900 4.988
201603 8.895 102.500 11.446
201606 9.129 103.800 11.600
201609 8.326 104.200 10.539
201612 -2.140 104.400 -2.704
201703 6.512 105.000 8.180
201706 10.167 105.800 12.675
201709 8.612 105.900 10.726
201712 4.667 106.100 5.802
201803 5.605 107.300 6.890
201806 7.374 108.500 8.964
201809 11.995 109.500 14.449
201812 -0.329 109.800 -0.395
201903 7.084 110.400 8.464
201906 11.721 110.600 13.978
201909 5.266 111.100 6.252
201912 2.756 111.300 3.266
202003 11.436 111.200 13.565
202006 9.918 112.100 11.670
202009 6.488 112.900 7.580
202012 0.273 112.900 0.319
202103 1.210 114.600 1.393
202106 9.645 115.300 11.034
202109 8.047 117.500 9.033
202112 6.077 118.900 6.741
202203 6.985 119.800 7.690
202206 3.889 122.600 4.184
202209 6.205 125.600 6.516
202212 -1.989 125.900 -2.084
202303 6.623 127.600 6.846
202306 11.769 130.400 11.904
202309 19.531 129.800 19.847
202312 12.536 131.900 12.536

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


SalMar ASA  (OSL:SALM) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


SalMar ASA Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of SalMar ASA's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


SalMar ASA (OSL:SALM) Business Description

Traded in Other Exchanges
Address
Industriveien 51, Kverva, NOR, N-7266
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material. Customers include importers, exporters, and larger processing companies and retail chains.