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Donaldson Co (FRA:DNZ) Cyclically Adjusted FCF per Share : €2.26 (As of Apr. 2024)


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What is Donaldson Co 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.

Donaldson Co's adjusted free cash flow per share for the three months ended in Apr. 2024 was €0.912. 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 €2.26 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Donaldson Co's average Cyclically Adjusted FCF Growth Rate was 10.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 9.20% 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 Donaldson Co was 23.30% per year. The lowest was -5.90% per year. And the median was 11.40% per year.

As of today (2024-06-10), Donaldson Co's current stock price is €68.00. Donaldson Co's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was €2.26. Donaldson Co's Cyclically Adjusted Price-to-FCF of today is 30.09.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Donaldson Co was 45.21. The lowest was 22.34. And the median was 31.64.


Donaldson Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Donaldson Co'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.

Donaldson Co Cyclically Adjusted FCF per Share Chart

Donaldson Co Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.40 1.57 1.92 2.01

Donaldson Co Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 1.95 2.01 2.14 2.14 2.26

Competitive Comparison of Donaldson Co's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, Donaldson Co'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.


Donaldson Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Donaldson Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=0.912/131.7762*131.7762
=0.912

Current CPI (Apr. 2024) = 131.7762.

Donaldson Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 0.289 100.520 0.379
201410 0.124 100.176 0.163
201501 0.075 98.604 0.100
201504 0.362 99.824 0.478
201507 0.200 100.691 0.262
201510 0.240 100.346 0.315
201601 0.206 99.957 0.272
201604 0.497 100.947 0.649
201607 0.508 101.524 0.659
201610 0.601 101.988 0.777
201701 1.011 102.456 1.300
201704 0.350 103.167 0.447
201707 0.406 103.278 0.518
201710 0.282 104.070 0.357
201801 0.402 104.578 0.507
201804 0.133 105.708 0.166
201807 0.520 106.324 0.644
201810 0.233 106.695 0.288
201901 0.274 106.200 0.340
201904 0.240 107.818 0.293
201907 0.578 108.250 0.704
201910 0.344 108.577 0.418
202001 0.336 108.841 0.407
202004 0.446 108.173 0.543
202007 0.706 109.318 0.851
202010 0.731 109.861 0.877
202101 0.396 110.364 0.473
202104 0.609 112.673 0.712
202107 0.511 115.183 0.585
202110 0.168 116.696 0.190
202201 0.153 118.619 0.170
202204 0.303 121.978 0.327
202207 0.636 125.002 0.670
202210 0.738 125.734 0.773
202301 0.548 126.223 0.572
202304 0.724 127.992 0.745
202307 1.210 128.974 1.236
202310 0.887 129.810 0.900
202401 0.494 130.124 0.500
202404 0.912 131.776 0.912

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


Donaldson Co  (FRA:DNZ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=68.00/2.26
=30.09

* 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 Donaldson Co was 45.21. The lowest was 22.34. And the median was 31.64.


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.


Donaldson Co Cyclically Adjusted FCF per Share Related Terms

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


Donaldson Co (FRA:DNZ) Business Description

Industry
Traded in Other Exchanges
Address
1400 West 94th Street, Minneapolis, MN, USA, 55431
Donaldson is a leading manufacturer of filtration systems and replacement parts (including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors). The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into three segments: mobile solutions, industrial solutions, and life sciences. Donaldson generated approximately $3.4 billion in revenue and $480 million in operating income in its fiscal 2023.