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SalMar ASA (SalMar ASA) Cyclically Adjusted Price-to-FCF : 22.39 (As of May. 22, 2024)


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What is SalMar ASA Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), SalMar ASA's current share price is $15.45. SalMar ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.69. SalMar ASA's Cyclically Adjusted Price-to-FCF for today is 22.39.

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

SALRY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.63   Med: 26.62   Max: 34.31
Current: 22.32

During the past years, SalMar ASA's highest Cyclically Adjusted Price-to-FCF was 34.31. The lowest was 12.63. And the median was 26.62.

SALRY's Cyclically Adjusted Price-to-FCF is ranked better than
52.24% of 691 companies
in the Consumer Packaged Goods industry
Industry Median: 23.71 vs SALRY: 22.32

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.

SalMar ASA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.166. 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 $0.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SalMar ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SalMar ASA'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.

SalMar ASA Cyclically Adjusted Price-to-FCF Chart

SalMar ASA 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 27.01 26.39 27.42 15.50 19.11

SalMar ASA 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 17.83 16.20 19.00 19.11 23.76

Competitive Comparison of SalMar ASA's Cyclically Adjusted Price-to-FCF

For the Farm Products subindustry, SalMar ASA'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.


SalMar ASA's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SalMar ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



SalMar ASA 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.

SalMar ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.45/0.69
=22.39

* 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.

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

For example, SalMar ASA'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)
=0.166/132.6000*132.6000
=0.166

Current CPI (Mar. 2024) = 132.6000.

SalMar ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.264 97.500 0.359
201409 -0.010 98.500 -0.013
201412 0.160 98.600 0.215
201503 0.187 99.200 0.250
201506 0.101 100.100 0.134
201509 0.046 100.600 0.061
201512 0.110 100.900 0.145
201603 0.262 102.500 0.339
201606 0.275 103.800 0.351
201609 0.254 104.200 0.323
201612 -0.062 104.400 -0.079
201703 0.191 105.000 0.241
201706 0.300 105.800 0.376
201709 0.275 105.900 0.344
201712 0.140 106.100 0.175
201803 0.180 107.300 0.222
201806 0.227 108.500 0.277
201809 0.364 109.500 0.441
201812 -0.010 109.800 -0.012
201903 0.206 110.400 0.247
201906 0.339 110.600 0.406
201909 0.146 111.100 0.174
201912 0.076 111.300 0.091
202003 0.279 111.200 0.333
202006 0.260 112.100 0.308
202009 0.177 112.900 0.208
202012 0.008 112.900 0.009
202103 0.036 114.600 0.042
202106 0.286 115.300 0.329
202109 0.232 117.500 0.262
202112 0.169 118.900 0.188
202203 0.198 119.800 0.219
202206 0.100 122.600 0.108
202209 0.151 125.600 0.159
202212 -0.050 125.900 -0.053
202303 0.157 127.600 0.163
202306 0.273 130.400 0.278
202309 0.455 129.800 0.465
202312 0.297 131.900 0.299
202403 0.166 132.600 0.166

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.


SalMar ASA  (OTCPK:SALRY) 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.


SalMar ASA Cyclically Adjusted Price-to-FCF Related Terms

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


SalMar ASA (SalMar ASA) Business Description

Address
Industriveien 51, Kverva, NOR, N-7266
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material. Customers include importers, exporters, and larger processing companies and retail chains.

SalMar ASA (SalMar ASA) Headlines

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