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Hapag-Lloyd AG (XTER:HLAG) Cyclically Adjusted FCF per Share : €22.37 (As of Mar. 2024)


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What is Hapag-Lloyd 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.

Hapag-Lloyd AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.632. 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 €22.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hapag-Lloyd AG's average Cyclically Adjusted FCF Growth Rate was 4.40% 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.

As of today (2024-06-06), Hapag-Lloyd AG's current stock price is €178.10. Hapag-Lloyd AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €22.37. Hapag-Lloyd AG's Cyclically Adjusted Price-to-FCF of today is 7.96.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hapag-Lloyd AG was 45.97. The lowest was 4.99. And the median was 13.95.


Hapag-Lloyd AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hapag-Lloyd 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.

Hapag-Lloyd AG Cyclically Adjusted FCF per Share Chart

Hapag-Lloyd 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 - - 8.53 19.55 22.07

Hapag-Lloyd 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 21.42 21.99 22.16 22.07 22.37

Competitive Comparison of Hapag-Lloyd AG's Cyclically Adjusted FCF per Share

For the Marine Shipping subindustry, Hapag-Lloyd 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.


Hapag-Lloyd AG's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hapag-Lloyd AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hapag-Lloyd 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, Hapag-Lloyd 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)
=0.632/125.0381*125.0381
=0.632

Current CPI (Mar. 2024) = 125.0381.

Hapag-Lloyd AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.559 99.543 -0.702
201409 -0.006 99.823 -0.008
201412 1.001 99.543 1.257
201503 -0.230 99.717 -0.288
201506 -0.837 100.417 -1.042
201509 0.031 100.417 0.039
201512 -0.355 99.717 -0.445
201603 0.256 100.017 0.320
201606 -0.281 100.717 -0.349
201609 -0.059 101.017 -0.073
201612 0.614 101.217 0.759
201703 0.284 101.417 0.350
201706 0.632 102.117 0.774
201709 1.540 102.717 1.875
201712 0.519 102.617 0.632
201803 0.998 102.917 1.213
201806 0.752 104.017 0.904
201809 0.954 104.718 1.139
201812 1.527 104.217 1.832
201903 2.221 104.217 2.665
201906 1.869 105.718 2.211
201909 3.067 106.018 3.617
201912 1.956 105.818 2.311
202003 1.505 105.718 1.780
202006 4.513 106.618 5.293
202009 3.118 105.818 3.684
202012 4.309 105.518 5.106
202103 7.323 107.518 8.516
202106 8.452 108.486 9.742
202109 15.527 109.435 17.741
202112 20.764 110.384 23.521
202203 23.338 113.968 25.605
202206 26.159 115.760 28.256
202209 30.498 118.818 32.095
202212 22.750 119.345 23.835
202303 13.354 122.402 13.642
202306 4.592 123.140 4.663
202309 0.782 124.195 0.787
202312 -0.176 123.773 -0.178
202403 0.632 125.038 0.632

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


Hapag-Lloyd AG  (XTER:HLAG) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=178.10/22.37
=7.96

* 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 Hapag-Lloyd AG was 45.97. The lowest was 4.99. And the median was 13.95.


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.


Hapag-Lloyd AG Cyclically Adjusted FCF per Share Related Terms

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


Hapag-Lloyd AG (XTER:HLAG) Business Description

Industry
Address
Ballindamm 25, Hamburg, DEU, 20095
Hapag-Lloyd AG is a global liner shipping company engaged in the transportation of various products which include Food products, chemical products, mechanical engineering products, raw materials, textiles, and other products through containers and vessels. Hapag also provides various services such as e-business solutions, security information services, and special cargo services. Its geographical area of operation includes Atlantic, Transpacific, Far East, Middle East, Latin America, Intra-Asia, and Africa.
Executives
Dr. Maximilian Rothkopf Board of Directors
Rolf Eric Habben Jansen Board of Directors

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