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OSK (Oshkosh) Cyclically Adjusted FCF per Share : $4.39 (As of Sep. 2024)


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What is Oshkosh 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.

Oshkosh's adjusted free cash flow per share for the three months ended in Sep. 2024 was $4.145. 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 $4.39 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Oshkosh's average Cyclically Adjusted FCF Growth Rate was -0.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 0.80% 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 Oshkosh was 109.80% per year. The lowest was -124.60% per year. And the median was 4.50% per year.

As of today (2024-12-01), Oshkosh's current stock price is $113.61. Oshkosh's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $4.39. Oshkosh's Cyclically Adjusted Price-to-FCF of today is 25.88.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Oshkosh was 34.79. The lowest was 7.86. And the median was 19.65.


Oshkosh Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Oshkosh'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.

Oshkosh Cyclically Adjusted FCF per Share Chart

Oshkosh Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.64 3.27 4.68 4.92 5.01

Oshkosh Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.42 5.01 4.54 4.03 4.39

Competitive Comparison of Oshkosh's Cyclically Adjusted FCF per Share

For the Farm & Heavy Construction Machinery subindustry, Oshkosh'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.


Oshkosh's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Oshkosh's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Oshkosh 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, Oshkosh's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=4.145/133.0289*133.0289
=4.145

Current CPI (Sep. 2024) = 133.0289.

Oshkosh Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -1.309 99.070 -1.758
201503 -0.652 99.621 -0.871
201506 -0.005 100.684 -0.007
201509 1.153 100.392 1.528
201512 0.493 99.792 0.657
201603 -0.053 100.470 -0.070
201606 0.502 101.688 0.657
201609 5.168 101.861 6.749
201612 0.752 101.863 0.982
201703 0.512 102.862 0.662
201706 -0.568 103.349 -0.731
201709 1.063 104.136 1.358
201712 0.122 104.011 0.156
201803 -0.082 105.290 -0.104
201806 2.111 106.317 2.641
201809 2.380 106.507 2.973
201812 -1.456 105.998 -1.827
201903 2.759 107.251 3.422
201906 -1.081 108.070 -1.331
201909 5.509 108.329 6.765
201912 -2.772 108.420 -3.401
202003 2.722 108.902 3.325
202006 -0.698 108.767 -0.854
202009 3.616 109.815 4.380
202012 5.008 109.897 6.062
202103 4.444 111.754 5.290
202106 1.381 114.631 1.603
202109 5.182 115.734 5.956
202112 -3.037 117.630 -3.435
202203 4.532 121.301 4.970
202206 -6.646 125.017 -7.072
202209 1.677 125.227 1.781
202212 5.456 125.222 5.796
202303 -0.482 127.348 -0.504
202306 -2.204 128.729 -2.278
202309 1.037 129.860 1.062
202312 5.791 129.419 5.953
202403 -6.894 131.776 -6.960
202406 -3.802 132.554 -3.816
202409 4.145 133.029 4.145

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


Oshkosh  (NYSE:OSK) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=113.61/4.39
=25.88

* 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 Oshkosh was 34.79. The lowest was 7.86. And the median was 19.65.


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.


Oshkosh Cyclically Adjusted FCF per Share Related Terms

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


Oshkosh Business Description

Traded in Other Exchanges
Address
1917 Four Wheel Drive, Oshkosh, WI, USA, 54902
Oshkosh is the top producer of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, where it is typically the market share leader in North America, or, in the case of JLG aerial work platforms, a global leader. The company had manufactured joint light tactical vehicles for the us Department of Defense. However, Oshkosh recently lost the JLTV recompete, bringing into focus its us Postal Service contract, which calls for the electrification of us postal vehicles. The company reports in three segments—access equipment (52% of revenue), defense (22%), and vocational (27%)—and generated $9.6 billion in revenue in 2023.
Executives
Anupam Khare officer: SVP/Chief Information Officer 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Bryan K Brandt officer: SVP & Chief Marketing Officer 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
James W. Johnson officer: Exec. VP & Pres., Fire & Emerg C/O OSHKOSH CORPORATION, 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
John S Verich officer: SVP and Treasurer 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Michael E Pack officer: Exec. VP and CFO 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Frank R. Nerenhausen officer: EVP & Pres. Commercial Segment C/O OSHKOSH CORPORATION, 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Jason P Baab officer: SVP, Corp. Develop. & Strategy 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Timothy S Bleck officer: SVP & Pres. Defense Segment 1917 FOUR WHEEL DR, OSHKOSH WI 54902
David G Perkins director 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Thomas P Hawkins officer: SVP, Government Relations 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Jayanthi Iyengar officer: EVP, Chief Tech & Strategic C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
John J Bryant officer: SVP and Pres, Defense Segment 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Douglas Lee Davis director 1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
James C Freeders officer: Senior VP and Controller 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Bradley M. Nelson officer: SVP & Pres. Commercial Segment C/O OSHKOSH CORPORATION, 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54903-2566