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Siemens AG (WAR:SIE) Cyclically Adjusted FCF per Share : zł42.15 (As of Mar. 2024)


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What is Siemens 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.

Siemens AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was zł7.175. 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 zł42.15 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Siemens AG's average Cyclically Adjusted FCF Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% 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 Siemens AG was 10.50% per year. The lowest was 2.20% per year. And the median was 8.50% per year.

As of today (2024-06-06), Siemens AG's current stock price is zł763.90. Siemens AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł42.15. Siemens AG's Cyclically Adjusted Price-to-FCF of today is 18.12.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Siemens AG was 20.58. The lowest was 8.63. And the median was 15.77.


Siemens AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Siemens 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.

Siemens AG Cyclically Adjusted FCF per Share Chart

Siemens AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 42.52

Siemens 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 - 44.29 42.52 31.82 42.15

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

For the Specialty Industrial Machinery subindustry, Siemens 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.


Siemens AG's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Siemens AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Siemens 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, Siemens 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)
=7.175/125.0381*125.0381
=7.175

Current CPI (Mar. 2024) = 125.0381.

Siemens AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 6.694 99.543 8.409
201409 20.809 99.823 26.065
201412 -0.655 99.543 -0.823
201503 -1.170 99.717 -1.467
201506 3.623 100.417 4.511
201509 23.461 100.417 29.213
201512 -3.818 99.717 -4.788
201603 4.333 100.017 5.417
201606 9.803 100.717 12.170
201609 19.220 101.017 23.790
201612 3.602 101.217 4.450
201703 3.743 101.417 4.615
201706 4.989 102.117 6.109
201709 13.401 102.717 16.313
201712 4.889 102.617 5.957
201803 4.611 102.917 5.602
201806 4.888 104.017 5.876
201809 18.307 104.718 21.860
201812 -1.865 104.217 -2.238
201903 4.325 104.217 5.189
201906 3.513 105.718 4.155
201909 29.395 106.018 34.669
201912 1.021 105.818 1.206
202003 1.740 105.718 2.058
202006 14.782 106.618 17.336
202009 23.544 105.818 27.820
202012 5.794 105.518 6.866
202103 7.088 107.518 8.243
202106 13.215 108.486 15.231
202109 21.561 109.435 24.635
202112 5.971 110.384 6.764
202203 7.043 113.968 7.727
202206 11.836 115.760 12.785
202209 16.867 118.818 17.750
202212 0.443 119.345 0.464
202303 12.326 122.402 12.591
202306 15.627 123.140 15.868
202309 24.299 124.195 24.464
202312 5.619 123.773 5.676
202403 7.175 125.038 7.175

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


Siemens AG  (WAR:SIE) 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.

Siemens AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=763.90/42.15
=18.12

* 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 Siemens AG was 20.58. The lowest was 8.63. And the median was 15.77.


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.


Siemens AG Cyclically Adjusted FCF per Share Related Terms

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


Siemens AG (WAR:SIE) Business Description

Industry
Address
Werner-von-Siemens-Strabe 1, Munich, BY, DEU, 80333
Siemens AG is a multi-industry company focused on the areas of automation, electrification, mobility, and healthcare. Its top three geographic regions—the United States, Germany, and China—contribute over half of group revenue. Siemens has a 75% investment in separately listed Siemens Healthineers. Recent portfolio activity included the listing of Siemens Energy, spinning out its power and gas and Siemens Gamesa business divisions in 2020.

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