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SalMar ASA (SalMar ASA) Cyclically Adjusted FCF per Share : $2.59 (As of Mar. 2024)


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What is SalMar ASA 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.

SalMar ASA's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.665. 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 $2.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SalMar ASA's average Cyclically Adjusted FCF Growth Rate was 17.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.40% 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 SalMar ASA was 16.00% per year. The lowest was 14.30% per year. And the median was 15.60% per year.

As of today (2024-05-26), SalMar ASA's current stock price is $63.00. SalMar ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.59. SalMar ASA's Cyclically Adjusted Price-to-FCF of today is 24.32.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SalMar ASA was 34.31. The lowest was 12.63. And the median was 26.60.


SalMar ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SalMar ASA'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.

SalMar ASA Cyclically Adjusted FCF per Share Chart

SalMar ASA 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 1.83 2.16 2.26 2.47 2.89

SalMar ASA 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 2.22 2.73 2.68 2.89 2.59

Competitive Comparison of SalMar ASA's Cyclically Adjusted FCF per Share

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 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, SalMar ASA'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)
=0.665/132.6000*132.6000
=0.665

Current CPI (Mar. 2024) = 132.6000.

SalMar ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.056 97.500 1.436
201409 -0.038 98.500 -0.051
201412 0.642 98.600 0.863
201503 0.746 99.200 0.997
201506 0.405 100.100 0.536
201509 0.182 100.600 0.240
201512 0.439 100.900 0.577
201603 1.050 102.500 1.358
201606 1.099 103.800 1.404
201609 1.016 104.200 1.293
201612 -0.250 104.400 -0.318
201703 0.766 105.000 0.967
201706 1.202 105.800 1.506
201709 1.099 105.900 1.376
201712 0.561 106.100 0.701
201803 0.721 107.300 0.891
201806 0.909 108.500 1.111
201809 1.455 109.500 1.762
201812 -0.038 109.800 -0.046
201903 0.823 110.400 0.988
201906 1.358 110.600 1.628
201909 0.585 111.100 0.698
201912 0.305 111.300 0.363
202003 1.117 111.200 1.332
202006 1.040 112.100 1.230
202009 0.708 112.900 0.832
202012 0.031 112.900 0.036
202103 0.142 114.600 0.164
202106 1.145 115.300 1.317
202109 0.929 117.500 1.048
202112 0.677 118.900 0.755
202203 0.791 119.800 0.876
202206 0.399 122.600 0.432
202209 0.603 125.600 0.637
202212 -0.201 125.900 -0.212
202303 0.628 127.600 0.653
202306 1.090 130.400 1.108
202309 1.821 129.800 1.860
202312 1.188 131.900 1.194
202403 0.665 132.600 0.665

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


SalMar ASA  (OTCPK:SALRF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=63.00/2.59
=24.32

* 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 SalMar ASA was 34.31. The lowest was 12.63. And the median was 26.60.


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.


SalMar ASA Cyclically Adjusted FCF per Share Related Terms

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


SalMar ASA (SalMar ASA) Business Description

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.

SalMar ASA (SalMar ASA) Headlines

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