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Rockwool AS (OCSE:ROCK A) Cyclically Adjusted Price-to-FCF : 17.93 (As of May. 24, 2024)


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What is Rockwool AS Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Rockwool AS's current share price is kr2740.00. Rockwool AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr152.84. Rockwool AS's Cyclically Adjusted Price-to-FCF for today is 17.93.

The historical rank and industry rank for Rockwool AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

OCSE:ROCK A' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.07   Med: 15.9   Max: 27.66
Current: 17.5

During the past years, Rockwool AS's highest Cyclically Adjusted Price-to-FCF was 27.66. The lowest was 9.07. And the median was 15.90.

OCSE:ROCK A's Cyclically Adjusted Price-to-FCF is ranked better than
51.68% of 567 companies
in the Construction industry
Industry Median: 18.26 vs OCSE:ROCK A: 17.50

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.

Rockwool AS's adjusted free cash flow per share data for the three months ended in Mar. 2024 was kr34.364. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is kr152.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rockwool AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Rockwool AS's Cyclically Adjusted Price-to-FCF 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.

Rockwool AS Cyclically Adjusted Price-to-FCF Chart

Rockwool AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.37 19.10 20.47 12.35 13.42

Rockwool AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 12.33 12.70 11.82 13.42 14.72

Competitive Comparison of Rockwool AS's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Rockwool AS'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.


Rockwool AS's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rockwool AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Rockwool AS Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Rockwool AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2740.00/152.84
=17.93

* 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.

Rockwool AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Rockwool AS'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)
=34.364/118.4000*118.4000
=34.364

Current CPI (Mar. 2024) = 118.4000.

Rockwool AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 15.109 99.700 17.943
201409 37.850 99.700 44.949
201412 19.370 99.400 23.073
201503 -1.493 100.200 -1.764
201506 26.107 100.300 30.818
201509 41.407 100.200 48.928
201512 36.775 99.800 43.629
201603 1.953 100.200 2.308
201606 27.061 100.600 31.849
201609 51.240 100.200 60.547
201612 33.076 100.300 39.045
201703 -5.251 101.200 -6.143
201706 30.771 101.200 36.001
201709 52.583 101.800 61.157
201712 34.502 101.300 40.326
201803 -0.690 101.700 -0.803
201806 33.813 102.300 39.134
201809 54.070 102.400 62.518
201812 51.376 102.100 59.578
201903 -2.043 102.900 -2.351
201906 37.453 102.900 43.095
201909 65.491 102.900 75.356
201912 37.118 102.900 42.709
202003 4.460 103.300 5.112
202006 42.280 103.200 48.507
202009 60.181 103.500 68.845
202012 24.526 103.400 28.084
202103 9.834 104.300 11.163
202106 50.067 105.000 56.457
202109 58.162 105.800 65.089
202112 29.130 106.600 32.355
202203 0.685 109.900 0.738
202206 36.553 113.600 38.097
202209 50.360 116.400 51.225
202212 48.284 115.900 49.326
202303 22.330 117.300 22.539
202306 59.350 116.400 60.370
202309 91.767 117.400 92.549
202312 70.655 116.700 71.684
202403 34.364 118.400 34.364

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


Rockwool AS  (OCSE:ROCK A) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Rockwool AS Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Rockwool AS's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Rockwool AS (OCSE:ROCK A) Business Description

Industry
Traded in Other Exchanges
Address
Hovedgaden 584, Hedehusene, DNK, 2640
Rockwool AS manufactures and sells building materials, including insulation, and roofing systems. The company organizes itself into two segments based on the product: Insulation and Systems. The Insulation segment, which generates the majority of revenue, sells building, industrial, and technical insulation and external thermal insulation wall systems to the construction industry. The Systems business sells acoustic ceilings and wall systems, external cladding systems, horticultural substrate solutions, engineered fiber solutions, and noise and vibration control to the construction and automotive industries. The majority of sales come from Europe.

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