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Sunrun (FRA:3S9) Cyclically Adjusted FCF per Share : €-10.69 (As of Mar. 2024)


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What is Sunrun 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.

Sunrun's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-2.854. 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 €-10.69 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-09), Sunrun's current stock price is €12.448. Sunrun's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-10.69. Sunrun's Cyclically Adjusted Price-to-FCF of today is .


Sunrun Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sunrun'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.

Sunrun Cyclically Adjusted FCF per Share Chart

Sunrun 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 - - - - -10.44

Sunrun 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 - - -10.54 -10.44 -10.69

Competitive Comparison of Sunrun's Cyclically Adjusted FCF per Share

For the Solar subindustry, Sunrun'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.


Sunrun's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunrun's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Sunrun 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, Sunrun'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)
=-2.854/131.7762*131.7762
=-2.854

Current CPI (Mar. 2024) = 131.7762.

Sunrun Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.126 100.560 -1.476
201409 -1.240 100.428 -1.627
201412 -1.396 99.070 -1.857
201503 -1.580 99.621 -2.090
201506 -1.576 100.684 -2.063
201509 -2.396 100.392 -3.145
201512 -2.030 99.792 -2.681
201603 -2.129 100.470 -2.792
201606 -1.631 101.688 -2.114
201609 -1.940 101.861 -2.510
201612 -1.999 101.863 -2.586
201703 -1.755 102.862 -2.248
201706 -1.607 103.349 -2.049
201709 -1.797 104.136 -2.274
201712 -1.897 104.011 -2.403
201803 -1.541 105.290 -1.929
201806 -1.440 106.317 -1.785
201809 -1.477 106.507 -1.827
201812 -1.891 105.998 -2.351
201903 -1.476 107.251 -1.814
201906 -2.057 108.070 -2.508
201909 -1.904 108.329 -2.316
201912 -2.338 108.420 -2.842
202003 -2.485 108.902 -3.007
202006 -1.398 108.767 -1.694
202009 -1.713 109.815 -2.056
202012 -2.128 109.897 -2.552
202103 -2.251 111.754 -2.654
202106 -2.315 114.631 -2.661
202109 -2.478 115.734 -2.821
202112 -3.283 117.630 -3.678
202203 -2.974 121.301 -3.231
202206 -3.208 125.017 -3.381
202209 -2.913 125.227 -3.065
202212 -3.523 125.222 -3.707
202303 -4.134 127.348 -4.278
202306 -3.755 128.729 -3.844
202309 -3.469 129.860 -3.520
202312 -3.241 129.419 -3.300
202403 -2.854 131.776 -2.854

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


Sunrun  (FRA:3S9) 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.


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.


Sunrun Cyclically Adjusted FCF per Share Related Terms

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


Sunrun (FRA:3S9) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunrun Inc (FRA:3S9) » Definitions » Cyclically Adjusted FCF per Share
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Address
225 Bush Street, Suite 1400, San Francisco, CA, USA, 94104
Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.

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