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Axfood AB (OSTO:AXFO) Cyclically Adjusted Price-to-FCF : 18.05 (As of Jun. 09, 2024)


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What is Axfood AB Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Axfood AB's current share price is kr269.30. Axfood AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr14.92. Axfood AB's Cyclically Adjusted Price-to-FCF for today is 18.05.

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

OSTO:AXFO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.98   Med: 21.48   Max: 27.75
Current: 18.05

During the past years, Axfood AB's highest Cyclically Adjusted Price-to-FCF was 27.75. The lowest was 16.98. And the median was 21.48.

OSTO:AXFO's Cyclically Adjusted Price-to-FCF is ranked worse than
58.73% of 126 companies
in the Retail - Defensive industry
Industry Median: 15.135 vs OSTO:AXFO: 18.05

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.

Axfood AB's adjusted free cash flow per share data for the three months ended in Mar. 2024 was kr6.184. 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 kr14.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axfood AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Axfood AB'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.

Axfood AB Cyclically Adjusted Price-to-FCF Chart

Axfood AB 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 25.01 19.38 22.91 21.75 18.79

Axfood AB 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 19.66 16.98 18.06 18.79 20.86

Competitive Comparison of Axfood AB's Cyclically Adjusted Price-to-FCF

For the Grocery Stores subindustry, Axfood 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.


Axfood AB's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Axfood AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Axfood AB 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.

Axfood AB's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=269.30/14.92
=18.05

* 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.

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

For example, Axfood AB'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)
=6.184/132.2054*132.2054
=6.184

Current CPI (Mar. 2024) = 132.2054.

Axfood AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.443 100.432 1.900
201409 2.691 100.161 3.552
201412 3.501 100.225 4.618
201503 2.447 99.950 3.237
201506 2.960 99.995 3.913
201509 3.063 100.228 4.040
201512 3.327 100.276 4.386
201603 1.309 100.751 1.718
201606 2.282 101.019 2.986
201609 2.088 101.138 2.729
201612 2.410 102.022 3.123
201703 -0.548 102.022 -0.710
201706 4.376 102.752 5.630
201709 1.970 103.279 2.522
201712 2.570 103.793 3.274
201803 2.225 103.962 2.829
201806 1.346 104.875 1.697
201809 2.727 105.679 3.412
201812 2.499 105.912 3.119
201903 2.244 105.886 2.802
201906 3.933 106.742 4.871
201909 2.178 107.214 2.686
201912 1.450 107.766 1.779
202003 5.018 106.563 6.225
202006 3.016 107.498 3.709
202009 4.477 107.635 5.499
202012 5.537 108.296 6.759
202103 3.945 108.360 4.813
202106 3.862 108.928 4.687
202109 2.082 110.338 2.495
202112 3.202 112.486 3.763
202203 4.279 114.825 4.927
202206 1.225 118.384 1.368
202209 5.595 122.296 6.048
202212 4.427 126.365 4.632
202303 -0.323 127.042 -0.336
202306 5.185 129.407 5.297
202309 5.139 130.224 5.217
202312 7.794 131.912 7.811
202403 6.184 132.205 6.184

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.


Axfood AB  (OSTO:AXFO) 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.


Axfood AB Cyclically Adjusted Price-to-FCF Related Terms

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


Axfood AB (OSTO:AXFO) Business Description

Traded in Other Exchanges
Address
Solnavagen 4, Stockholm, SWE, 113 65
Axfood AB operates food retail and wholesale businesses in Sweden. Its operating segments include Willys, Hemkop, Dagab, and Snabbgross. The Willys segment operates two discount grocery chains: Willys and Eurocash. Willys is Sweden's primary discount market chain, while Eurocash serves mainly the Norwegian-Swedish border. Hemkop offers a wide range of fresh products for meal solutions. Dagab is engaged in the wholesale purchasing and logistics business. Narlivs operates within this segment as a wholesaler serving independent grocers and convenience retailers. This segment contributes to the majority of the company's revenue. Snabbgross is a restaurant wholesaler, catering primarily to cafes, fast-food establishments, and high-end restaurants.

Axfood AB (OSTO:AXFO) Headlines

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