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Dexxos Participacoes (BSP:DEXP3) Cyclically Adjusted FCF per Share : R$0.63 (As of Mar. 2024)


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What is Dexxos Participacoes 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.

Dexxos Participacoes's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$-0.020. 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 R$0.63 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Dexxos Participacoes's average Cyclically Adjusted FCF Growth Rate was 75.00% 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.

As of today (2024-06-10), Dexxos Participacoes's current stock price is R$10.41. Dexxos Participacoes's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.63. Dexxos Participacoes's Cyclically Adjusted Price-to-FCF of today is 16.52.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Dexxos Participacoes was 532.50. The lowest was 16.32. And the median was 27.98.


Dexxos Participacoes Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Dexxos Participacoes'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.

Dexxos Participacoes Cyclically Adjusted FCF per Share Chart

Dexxos Participacoes 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 -0.22 -0.18 0.02 0.25 0.62

Dexxos Participacoes 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 0.36 0.46 0.56 0.62 0.63

Competitive Comparison of Dexxos Participacoes's Cyclically Adjusted FCF per Share

For the Chemicals subindustry, Dexxos Participacoes'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.


Dexxos Participacoes's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Dexxos Participacoes's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Dexxos Participacoes 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, Dexxos Participacoes'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)
=-0.02/159.3724*159.3724
=-0.020

Current CPI (Mar. 2024) = 159.3724.

Dexxos Participacoes Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.019 88.522 -0.034
201406 0.000 91.838 0.000
201412 0.000 94.194 0.000
201503 0.105 97.799 0.171
201506 -0.001 100.006 -0.002
201509 0.001 101.392 0.002
201512 0.001 104.247 0.002
201603 0.001 106.979 0.001
201606 0.034 108.851 0.050
201609 0.079 109.986 0.114
201612 0.082 110.802 0.118
201703 0.074 111.869 0.105
201706 0.130 112.115 0.185
201709 0.222 112.777 0.314
201712 -0.590 114.068 -0.824
201803 0.099 114.868 0.137
201806 -0.248 117.038 -0.338
201809 -0.140 117.881 -0.189
201812 0.229 118.340 0.308
201903 -0.111 120.124 -0.147
201906 -0.237 120.977 -0.312
201909 0.105 121.292 0.138
201912 0.006 123.436 0.008
202003 0.119 124.092 0.153
202006 0.824 123.557 1.063
202009 0.175 125.095 0.223
202012 -0.126 129.012 -0.156
202103 -0.200 131.660 -0.242
202106 -0.346 133.871 -0.412
202109 0.420 137.913 0.485
202112 -0.479 141.992 -0.538
202203 0.491 146.537 0.534
202206 -0.270 149.784 -0.287
202209 0.923 147.800 0.995
202212 0.763 150.207 0.810
202303 0.781 153.352 0.812
202306 1.078 154.519 1.112
202309 0.995 155.464 1.020
202312 0.648 157.148 0.657
202403 -0.020 159.372 -0.020

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


Dexxos Participacoes  (BSP:DEXP3) 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.

Dexxos Participacoes's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.41/0.63
=16.52

* 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 Dexxos Participacoes was 532.50. The lowest was 16.32. And the median was 27.98.


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.


Dexxos Participacoes Cyclically Adjusted FCF per Share Related Terms

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


Dexxos Participacoes (BSP:DEXP3) Business Description

Traded in Other Exchanges
Address
Do Passeio street 70 - 13 Floor, Rio de Janeiro, RJ, BRA, 20021290
Dexxos Participacoes SA formerly GPC Participacoes SA is a holding company. Through its holdings, it is engaged in the steel pipes, and chemical segments. Its activities include production of methanol and its derivative products, manufacturing steel tubes, among others.

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