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Euronext NV (Euronext NV) Cyclically Adjusted FCF per Share : $0.83 (As of Dec. 2023)


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What is Euronext NV 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.

Euronext NV's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.195. 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 $0.83 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Euronext NV's average Cyclically Adjusted FCF Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.10% 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 Euronext NV was 14.10% per year. The lowest was 14.10% per year. And the median was 14.10% per year.

As of today (2024-06-08), Euronext NV's current stock price is $20.12. Euronext NV's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.83. Euronext NV's Cyclically Adjusted Price-to-FCF of today is 24.24.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Euronext NV was 36.34. The lowest was 15.91. And the median was 21.82.


Euronext NV Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Euronext NV'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.

Euronext NV Cyclically Adjusted FCF per Share Chart

Euronext NV 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 - - 0.62 0.77 0.83

Euronext NV 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 0.83 0.84 0.77 0.83 -

Competitive Comparison of Euronext NV's Cyclically Adjusted FCF per Share

For the Financial Data & Stock Exchanges subindustry, Euronext NV'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.


Euronext NV's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Euronext NV's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Euronext NV 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, Euronext NV's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.195/126.4500*126.4500
=1.195

Current CPI (Dec. 2023) = 126.4500.

Euronext NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.086 99.390 0.109
201406 0.171 99.240 0.218
201409 0.190 99.960 0.240
201412 0.017 99.050 0.022
201503 0.131 99.750 0.166
201506 0.058 100.230 0.073
201509 0.141 100.500 0.177
201512 0.013 99.730 0.016
201603 0.148 100.310 0.187
201606 0.112 100.260 0.141
201609 0.135 100.570 0.170
201612 0.085 100.710 0.107
201703 0.140 101.440 0.175
201706 0.114 101.370 0.142
201709 0.167 102.030 0.207
201712 0.126 101.970 0.156
201803 0.226 102.470 0.279
201806 0.052 103.100 0.064
201809 0.200 103.950 0.243
201812 0.403 103.970 0.490
201903 0.160 105.370 0.192
201906 0.097 105.840 0.116
201909 -0.053 106.700 -0.063
201912 0.459 106.800 0.543
202003 0.135 106.850 0.160
202006 0.232 107.510 0.273
202009 -0.182 107.880 -0.213
202012 0.611 107.850 0.716
202103 0.564 108.870 0.655
202106 -0.032 109.670 -0.037
202109 0.053 110.790 0.060
202112 0.596 114.010 0.661
202203 0.727 119.460 0.770
202206 0.105 119.050 0.112
202209 -0.212 126.890 -0.211
202212 0.448 124.940 0.453
202303 0.589 124.720 0.597
202306 0.234 125.830 0.235
202309 -0.525 127.160 -0.522
202312 1.195 126.450 1.195

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


Euronext NV  (OTCPK:ERNXY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.12/0.83
=24.24

* 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 Euronext NV was 36.34. The lowest was 15.91. And the median was 21.82.


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.


Euronext NV Cyclically Adjusted FCF per Share Related Terms

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


Euronext NV (Euronext NV) Business Description

Industry
Traded in Other Exchanges
Address
Beursplein 5, Amsterdam, NLD, 1012 JW
Euronext is a financial exchange group with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering primarily cash equities, fixed income, and index and single stock derivatives. With the acquisition of Borsa Italiana, Euronext has also taken control of CC&G, the Italian multi-asset clearing house, as well as Monte Titoli, the Italian central securities depository. This complements Euronext's other CSDs in Norway, Denmark and Portugal. Euronext is the owner of the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20 indexes.

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