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Autoliv (LTS:0MI0) Cyclically Adjusted FCF per Share : kr39.07 (As of Mar. 2024)


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What is Autoliv 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.

Autoliv's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr-2.258. 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 kr39.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Autoliv's average Cyclically Adjusted FCF Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -2.10% 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 Autoliv was 18.70% per year. The lowest was -6.30% per year. And the median was 0.90% per year.

As of today (2024-06-07), Autoliv's current stock price is kr1252.00. Autoliv's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr39.07. Autoliv's Cyclically Adjusted Price-to-FCF of today is 32.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Autoliv was 34.95. The lowest was 10.49. And the median was 20.73.


Autoliv Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Autoliv'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.

Autoliv Cyclically Adjusted FCF per Share Chart

Autoliv 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 36.33 29.66 32.51 39.50 38.07

Autoliv 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 35.75 40.10 40.01 38.07 39.07

Competitive Comparison of Autoliv's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Autoliv'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.


Autoliv's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autoliv's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Autoliv 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, Autoliv'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)
=-2.258/132.2054*132.2054
=-2.258

Current CPI (Mar. 2024) = 132.2054.

Autoliv Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.102 100.432 -2.767
201409 7.293 100.161 9.626
201412 8.366 100.225 11.036
201503 -4.880 99.950 -6.455
201506 3.604 99.995 4.765
201509 8.868 100.228 11.697
201512 17.132 100.276 22.587
201603 10.266 100.751 13.471
201606 -2.734 101.019 -3.578
201609 14.556 101.138 19.027
201612 13.529 102.022 17.532
201703 1.984 102.022 2.571
201706 3.773 102.752 4.854
201709 6.806 103.279 8.712
201712 21.555 103.793 27.456
201803 -11.837 103.962 -15.053
201806 -11.882 104.875 -14.979
201809 12.213 105.679 15.279
201812 15.992 105.912 19.962
201903 4.817 105.886 6.014
201906 -16.058 106.742 -19.889
201909 8.018 107.214 9.887
201912 20.462 107.766 25.102
202003 7.546 106.563 9.362
202006 -20.583 107.498 -25.314
202009 27.730 107.635 34.060
202012 33.889 108.296 41.371
202103 8.972 108.360 10.946
202106 -3.255 108.928 -3.951
202109 7.491 110.338 8.976
202112 16.771 112.486 19.711
202203 -4.576 114.825 -5.269
202206 -22.185 118.384 -24.775
202209 8.508 122.296 9.197
202212 35.271 126.365 36.901
202303 -23.065 127.042 -24.002
202306 32.132 129.407 32.827
202309 6.390 130.224 6.487
202312 36.030 131.912 36.110
202403 -2.258 132.205 -2.258

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


Autoliv  (LTS:0MI0) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1252.00/39.07
=32.05

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Autoliv was 34.95. The lowest was 10.49. And the median was 20.73.


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.


Autoliv Cyclically Adjusted FCF per Share Related Terms

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


Autoliv (LTS:0MI0) Business Description

Industry
Traded in Other Exchanges
Address
Klarabergsviadukten 70, P.O. Box 70381, Section B7, Stockholm, SWE, SE-107 24
Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company's largest customer at 11% of 2022 revenue, with Stellantis accounting for 11% and Volkswagen 10%. At 34% of 2022 revenue, the Americas was Autoliv's largest geographic region, followed by Europe at 27%, China at 21%, and Japan at 8%.

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