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Volkswagen AG (BUD:VOLKSWAGEN) Cyclically Adjusted FCF per Share : Ft-2,610.06 (As of Mar. 2024)


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What is Volkswagen 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.

Volkswagen AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was Ft-3,033.825. 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 Ft-2,610.06 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.90% 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 Volkswagen AG was 21.80% per year. The lowest was -31.90% per year. And the median was 0.65% per year.

As of today (2024-06-10), Volkswagen AG's current stock price is Ft43870.00. Volkswagen AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Ft-2,610.06. Volkswagen AG's Cyclically Adjusted Price-to-FCF of today is .


Volkswagen AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Volkswagen 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.

Volkswagen AG Cyclically Adjusted FCF per Share Chart

Volkswagen 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 - - -2,933.82 -2,293.66 -2,380.63

Volkswagen AG 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 -2,132.84 -2,377.18 -2,795.31 -2,380.63 -2,610.06

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

For the Auto Manufacturers subindustry, Volkswagen 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.


Volkswagen AG's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Volkswagen AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Volkswagen 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, Volkswagen AG'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)
=-3033.825/125.0381*125.0381
=-3,033.825

Current CPI (Mar. 2024) = 125.0381.

Volkswagen AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1,459.116 99.543 -1,832.834
201409 1,092.559 99.823 1,368.544
201412 -3,725.667 99.543 -4,679.909
201503 65.820 99.717 82.534
201506 300.659 100.417 374.378
201509 795.527 100.417 990.584
201512 -4,722.862 99.717 -5,922.160
201603 -1,656.858 100.017 -2,071.358
201606 -62.640 100.717 -77.766
201609 203.148 101.017 251.456
201612 -5,796.951 101.217 -7,161.252
201703 -2,361.772 101.417 -2,911.857
201706 -5,754.727 102.117 -7,046.428
201709 -897.472 102.717 -1,092.498
201712 -7,140.207 102.617 -8,700.284
201803 730.268 102.917 887.231
201806 -2,606.805 104.017 -3,133.613
201809 -238.242 104.718 -284.473
201812 -7,532.879 104.217 -9,037.808
201903 -292.065 104.217 -350.414
201906 -725.662 105.718 -858.281
201909 1,588.391 106.018 1,873.361
201912 -1,742.489 105.818 -2,058.991
202003 -1,436.851 105.718 -1,699.444
202006 1,590.737 106.618 1,865.568
202009 6,064.249 105.818 7,165.747
202012 -97.770 105.518 -115.857
202103 4,481.202 107.518 5,211.420
202106 4,964.374 108.486 5,721.817
202109 5,617.588 109.435 6,418.554
202112 2,167.987 110.384 2,455.811
202203 4,251.658 113.968 4,664.632
202206 2,053.447 115.760 2,218.022
202209 3,209.370 118.818 3,377.386
202212 -5,113.432 119.345 -5,357.362
202303 712.398 122.402 727.738
202306 -3,726.026 123.140 -3,783.447
202309 -301.355 124.195 -303.402
202312 -1,751.242 123.773 -1,769.143
202403 -3,033.825 125.038 -3,033.825

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


Volkswagen AG  (BUD:VOLKSWAGEN) 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.


Volkswagen AG Cyclically Adjusted FCF per Share Related Terms

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


Volkswagen AG (BUD:VOLKSWAGEN) Business Description

Address
Berliner Ring 2, Wolfsburg, NI, DEU, 38440
Volkswagen is one of the world's largest automotive manufacturers. Automotive brands include Volkswagen passenger cars, Audi, Bentley, Lamborghini, Porsche, SEAT, and Skoda. Commercial vehicle brands include MAN, Navistar, Scania, and Volkswagen. The company's financial services group provides dealer financing to support floor plans, consumer financing for vehicle purchases, vehicle leasing, banking, and other financial services. In 2022, Europe was Volkswagen's largest light vehicle market at 41% of total volume, followed by China at 37%, and rest of world at 22%.

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