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The Goldmanchs Group (FRA:GOS) Cyclically Adjusted FCF per Share : €-15.42 (As of Mar. 2024)


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What is The Goldmanchs Group 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.

The Goldmanchs Group's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-77.326. 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 €-15.42 for the trailing ten years ended in Mar. 2024.

During the past 12 months, The Goldmanchs Group's average Cyclically Adjusted FCF Growth Rate was -41850.00% 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 The Goldmanchs Group was 57.90% per year. The lowest was -39.20% per year. And the median was 10.90% per year.

As of today (2024-05-15), The Goldmanchs Group's current stock price is €425.70. The Goldmanchs Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-15.42. The Goldmanchs Group's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Goldmanchs Group was 8586.00. The lowest was 12.30. And the median was 55.79.


The Goldmanchs Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The Goldmanchs Group'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.

The Goldmanchs Group Cyclically Adjusted FCF per Share Chart

The Goldmanchs Group 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 7.18 1.89 -1.66 -3.64 -8.54

The Goldmanchs Group 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 0.04 5.65 -0.42 -8.54 -15.42

Competitive Comparison of The Goldmanchs Group's Cyclically Adjusted FCF per Share

For the Capital Markets subindustry, The Goldmanchs Group'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.


The Goldmanchs Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



The Goldmanchs Group 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, The Goldmanchs Group'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)
=-77.326/129.4194*129.4194
=-77.326

Current CPI (Mar. 2024) = 129.4194.

The Goldmanchs Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.526 100.560 0.677
201409 -14.974 100.428 -19.297
201412 7.858 99.070 10.265
201503 12.843 99.621 16.685
201506 -15.897 100.684 -20.434
201509 1.482 100.392 1.911
201512 17.655 99.792 22.897
201603 -6.252 100.470 -8.053
201606 19.079 101.688 24.282
201609 -11.180 101.861 -14.205
201612 6.097 101.863 7.746
201703 -9.408 102.862 -11.837
201706 -24.527 103.349 -30.714
201709 4.186 104.136 5.202
201712 -21.433 104.011 -26.669
201803 -5.204 105.290 -6.397
201806 13.976 106.317 17.013
201809 -16.482 106.507 -20.028
201812 27.954 105.998 34.131
201903 -107.607 107.251 -129.850
201906 15.431 108.070 18.480
201909 18.303 108.329 21.866
201912 117.056 108.420 139.728
202003 -140.033 108.902 -166.416
202006 -31.735 108.767 -37.761
202009 80.059 109.815 94.351
202012 22.311 109.897 26.274
202103 -15.117 111.754 -17.507
202106 44.564 114.631 50.313
202109 -96.416 115.734 -107.817
202112 73.198 117.630 80.535
202203 -52.268 121.301 -55.766
202206 116.362 125.017 120.460
202209 42.233 125.227 43.647
202212 -89.783 125.222 -92.793
202303 23.415 127.348 23.796
202306 83.035 128.729 83.481
202309 -70.952 129.860 -70.712
202312 -77.727 129.419 -77.727
202403 -77.326 129.419 -77.326

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


The Goldmanchs Group  (FRA:GOS) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Goldmanchs Group was 8586.00. The lowest was 12.30. And the median was 55.79.


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.


The Goldmanchs Group Cyclically Adjusted FCF per Share Related Terms

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The Goldmanchs Group (FRA:GOS) Business Description

Address
200 West Street, New York, NY, USA, 10282
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.

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