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Oshkosh (FRA:OK3) Cyclically Adjusted FCF per Share : €4.06 (As of Mar. 2024)


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What is Oshkosh 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.

Oshkosh's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-6.343. 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 €4.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Oshkosh's average Cyclically Adjusted FCF Growth Rate was -10.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 0.80% 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 Oshkosh was 109.80% per year. The lowest was -124.60% per year. And the median was 4.50% per year.

As of today (2024-05-16), Oshkosh's current stock price is €112.00. Oshkosh's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.06. Oshkosh's Cyclically Adjusted Price-to-FCF of today is 27.59.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Oshkosh was 34.79. The lowest was 7.86. And the median was 17.83.


Oshkosh Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Oshkosh'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.

Oshkosh Cyclically Adjusted FCF per Share Chart

Oshkosh Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 2.74 4.14 4.57 4.55

Oshkosh 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 4.43 4.05 4.19 4.55 4.06

Competitive Comparison of Oshkosh's Cyclically Adjusted FCF per Share

For the Farm & Heavy Construction Machinery subindustry, Oshkosh'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.


Oshkosh's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Oshkosh's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Oshkosh 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, Oshkosh'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)
=-6.343/131.7762*131.7762
=-6.343

Current CPI (Mar. 2024) = 131.7762.

Oshkosh Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.862 100.560 1.130
201409 0.431 100.428 0.566
201412 -1.061 99.070 -1.411
201503 -0.602 99.621 -0.796
201506 -0.004 100.684 -0.005
201509 1.027 100.392 1.348
201512 0.453 99.792 0.598
201603 -0.047 100.470 -0.062
201606 0.447 101.688 0.579
201609 4.605 101.861 5.957
201612 0.713 101.863 0.922
201703 0.479 102.862 0.614
201706 -0.505 103.349 -0.644
201709 0.892 104.136 1.129
201712 0.103 104.011 0.130
201803 -0.067 105.290 -0.084
201806 1.807 106.317 2.240
201809 2.040 106.507 2.524
201812 -1.280 105.998 -1.591
201903 2.441 107.251 2.999
201906 -0.957 108.070 -1.167
201909 5.002 108.329 6.085
201912 -2.495 108.420 -3.032
202003 2.464 108.902 2.982
202006 -0.620 108.767 -0.751
202009 3.070 109.815 3.684
202012 4.117 109.897 4.937
202103 3.733 111.754 4.402
202106 1.146 114.631 1.317
202109 4.404 115.734 5.014
202112 -2.687 117.630 -3.010
202203 4.115 121.301 4.470
202206 -6.287 125.017 -6.627
202209 1.694 125.227 1.783
202212 5.150 125.222 5.420
202303 -0.450 127.348 -0.466
202306 -2.034 128.729 -2.082
202309 0.972 129.860 0.986
202312 5.310 129.419 5.407
202403 -6.343 131.776 -6.343

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


Oshkosh  (FRA:OK3) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=112.00/4.06
=27.59

* 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 Oshkosh was 34.79. The lowest was 7.86. And the median was 17.83.


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.


Oshkosh Cyclically Adjusted FCF per Share Related Terms

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


Oshkosh (FRA:OK3) Business Description

Traded in Other Exchanges
Address
1917 Four Wheel Drive, Oshkosh, WI, USA, 54902
Oshkosh is the top producer of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, where it is typically the market share leader in North America, or, in the case of JLG aerial work platforms, a global leader. In recent years, the company has manufactured joint light tactical vehicles, or JLTV, for the U.S. Department of Defense. However, Oshkosh recently lost the JLTV recompete, bringing its U.S. Postal Service contract into focus, which calls for the electrification of U.S. postal vehicles. The company reports four segments—access equipment (48% of revenue), defense (26%), fire and emergency (13%), and commercial (13%)—and generated $8.3 billion in revenue in 2022.

Oshkosh (FRA:OK3) Headlines

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