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Addtech AB (STU:AZZ2) Cyclically Adjusted FCF per Share : €0.40 (As of Dec. 2023)


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What is Addtech AB 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.

Addtech AB's adjusted free cash flow per share for the three months ended in Dec. 2023 was €0.247. 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 €0.40 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Addtech AB's average Cyclically Adjusted FCF Growth Rate was 27.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 22.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.40% 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 Addtech AB was 22.90% per year. The lowest was 14.70% per year. And the median was 19.30% per year.

As of today (2024-06-08), Addtech AB's current stock price is €22.00. Addtech AB's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.40. Addtech AB's Cyclically Adjusted Price-to-FCF of today is 55.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Addtech AB was 80.00. The lowest was 23.40. And the median was 45.38.


Addtech AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Addtech AB'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.

Addtech AB Cyclically Adjusted FCF per Share Chart

Addtech AB Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.19 0.25 0.28 0.33

Addtech AB Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.32 0.33 0.34 0.37 0.40

Competitive Comparison of Addtech AB's Cyclically Adjusted FCF per Share

For the Industrial Distribution subindustry, Addtech AB'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.


Addtech AB's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Addtech AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Addtech AB 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, Addtech AB'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)
=0.247/131.9118*131.9118
=0.247

Current CPI (Dec. 2023) = 131.9118.

Addtech AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.044 99.788 0.058
201406 0.039 100.432 0.051
201409 0.038 100.161 0.050
201412 0.080 100.225 0.105
201503 0.068 99.950 0.090
201506 0.026 99.995 0.034
201509 0.030 100.228 0.039
201512 0.076 100.276 0.100
201603 0.058 100.751 0.076
201606 0.042 101.019 0.055
201609 0.043 101.138 0.056
201612 0.068 102.022 0.088
201703 0.062 102.022 0.080
201706 0.033 102.752 0.042
201709 0.020 103.279 0.026
201712 0.093 103.793 0.118
201803 0.055 103.962 0.070
201806 0.019 104.875 0.024
201809 0.033 105.679 0.041
201812 0.064 105.912 0.080
201903 0.072 105.886 0.090
201906 0.089 106.742 0.110
201909 0.093 107.214 0.114
201912 0.053 107.766 0.065
202003 0.153 106.563 0.189
202006 0.115 107.498 0.141
202009 0.087 107.635 0.107
202012 0.176 108.296 0.214
202103 0.163 108.360 0.198
202106 0.076 108.928 0.092
202109 0.083 110.338 0.099
202112 0.134 112.486 0.157
202203 0.110 114.825 0.126
202206 0.098 118.384 0.109
202209 0.083 122.296 0.090
202212 0.194 126.365 0.203
202303 0.268 127.042 0.278
202306 0.174 129.407 0.177
202309 0.189 130.224 0.191
202312 0.247 131.912 0.247

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


Addtech AB  (STU:AZZ2) 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.

Addtech AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.00/0.4
=55.00

* 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 Addtech AB was 80.00. The lowest was 23.40. And the median was 45.38.


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.


Addtech AB Cyclically Adjusted FCF per Share Related Terms

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


Addtech AB (STU:AZZ2) Business Description

Industry
Traded in Other Exchanges
Address
Birger Jarlsgatan 43, Box 5112, Stockholm, SWE, SE-102 43
Addtech AB is a group of businesses offering high-tech products and solutions to customers in the manufacturing and infrastructure sectors. The company's segment includes Automation; Electrification; Energy; Industrial Solutions and Process Technology. It generates maximum revenue from the Energy segment. Energy produces and sells products for electricity transmission, electrical installation, and safety products in transport.

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