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Cosan (CSAN) Cyclically Adjusted FCF per Share : $1.18 (As of Mar. 2024)


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What is Cosan 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.

Cosan's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.177. 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 $1.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cosan's average Cyclically Adjusted FCF Growth Rate was 20.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 21.80% 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 Cosan was 24.00% per year. The lowest was 20.40% per year. And the median was 21.35% per year.

As of today (2024-06-08), Cosan's current stock price is $9.91. Cosan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.18. Cosan's Cyclically Adjusted Price-to-FCF of today is 8.40.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cosan was 34.24. The lowest was 8.65. And the median was 21.28.


Cosan Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cosan'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.

Cosan Cyclically Adjusted FCF per Share Chart

Cosan 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 - - 0.67 0.93 1.16

Cosan 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 0.96 1.09 1.13 1.16 1.18

Competitive Comparison of Cosan's Cyclically Adjusted FCF per Share

For the Oil & Gas Refining & Marketing subindustry, Cosan'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.


Cosan's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cosan's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cosan 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, Cosan'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)
=0.177/159.3724*159.3724
=0.177

Current CPI (Mar. 2024) = 159.3724.

Cosan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.009 91.838 0.016
201409 0.161 92.602 0.277
201412 -0.183 94.194 -0.310
201503 0.106 97.799 0.173
201506 0.367 100.006 0.585
201509 0.251 101.392 0.395
201512 0.147 104.247 0.225
201603 0.138 106.979 0.206
201606 0.345 108.851 0.505
201609 0.434 109.986 0.629
201612 0.329 110.802 0.473
201703 0.280 111.869 0.399
201706 0.281 112.115 0.399
201709 0.349 112.777 0.493
201712 0.145 114.068 0.203
201803 1.058 114.868 1.468
201806 0.121 117.038 0.165
201809 0.248 117.881 0.335
201812 0.031 118.340 0.042
201903 0.057 120.124 0.076
201906 0.296 120.977 0.390
201909 0.475 121.292 0.624
201912 0.826 123.436 1.066
202003 -0.155 124.092 -0.199
202006 0.301 123.557 0.388
202009 0.193 125.095 0.246
202012 0.272 129.012 0.336
202103 0.153 131.660 0.185
202106 0.252 133.871 0.300
202109 0.041 137.913 0.047
202112 -0.262 141.992 -0.294
202203 0.096 146.537 0.104
202206 0.589 149.784 0.627
202209 1.090 147.800 1.175
202212 0.466 150.207 0.494
202303 0.127 153.352 0.132
202306 0.755 154.519 0.779
202309 0.798 155.464 0.818
202312 0.065 157.148 0.066
202403 0.177 159.372 0.177

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


Cosan  (NYSE:CSAN) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.91/1.18
=8.40

* 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 Cosan was 34.24. The lowest was 8.65. And the median was 21.28.


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.


Cosan Cyclically Adjusted FCF per Share Related Terms

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


Cosan (CSAN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cosan SA (NYSE:CSAN) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
Avenue Brigadeiro Faria Lima, 4100 / 15th Floor Itaim Bibi, Sao Paulo, SP, BRA, 04538-132
Cosan SA engages in several services throughout the energy and logistics sectors. Cosan SA and Cosan Logistica account for the many segments that constitute Cosan's operations. Cosan SA delivers over half of the group's revenue. It is diversified across the energy sector with companies specializing in fuel distribution, sugar and ethanol production, power generation, natural gas distribution, lubricants, and land management. The majority of the revenue is generated from the distribution of fuels in Brazil.

Cosan (CSAN) Headlines

From GuruFocus

Notice to the Market

By PRNewswire PRNewswire 12-02-2020

Cosan SA Stock Is Estimated To Be Modestly Undervalued

By GF Value GF Value 05-20-2021