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Rockwool AS (FRA:R90) Cyclically Adjusted FCF per Share : €20.62 (As of Mar. 2024)


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What is Rockwool AS 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.

Rockwool AS's adjusted free cash flow per share for the three months ended in Mar. 2024 was €4.609. 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 €20.62 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Rockwool AS's average Cyclically Adjusted FCF Growth Rate was 12.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.10% 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 Rockwool AS was 11.00% per year. The lowest was 6.00% per year. And the median was 8.30% per year.

As of today (2024-06-11), Rockwool AS's current stock price is €376.40. Rockwool AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €20.62. Rockwool AS's Cyclically Adjusted Price-to-FCF of today is 18.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Rockwool AS was 27.66. The lowest was 9.07. And the median was 15.92.


Rockwool AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Rockwool AS'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.

Rockwool AS Cyclically Adjusted FCF per Share Chart

Rockwool AS 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 14.78 16.36 18.57 17.98 19.80

Rockwool AS 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 18.21 18.26 18.83 19.80 20.62

Competitive Comparison of Rockwool AS's Cyclically Adjusted FCF per Share

For the Building Products & Equipment subindustry, Rockwool AS'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.


Rockwool AS's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rockwool AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Rockwool AS 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, Rockwool AS'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)
=4.609/118.4000*118.4000
=4.609

Current CPI (Mar. 2024) = 118.4000.

Rockwool AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.027 99.700 2.407
201409 5.085 99.700 6.039
201412 2.603 99.400 3.101
201503 -0.200 100.200 -0.236
201506 3.500 100.300 4.132
201509 5.552 100.200 6.560
201512 4.926 99.800 5.844
201603 0.262 100.200 0.310
201606 3.638 100.600 4.282
201609 6.877 100.200 8.126
201612 4.446 100.300 5.248
201703 -0.706 101.200 -0.826
201706 4.137 101.200 4.840
201709 7.064 101.800 8.216
201712 4.636 101.300 5.419
201803 -0.093 101.700 -0.108
201806 4.538 102.300 5.252
201809 7.247 102.400 8.379
201812 6.886 102.100 7.985
201903 -0.274 102.900 -0.315
201906 5.013 102.900 5.768
201909 8.773 102.900 10.094
201912 4.969 102.900 5.717
202003 0.597 103.300 0.684
202006 5.670 103.200 6.505
202009 8.091 103.500 9.256
202012 3.297 103.400 3.775
202103 1.322 104.300 1.501
202106 6.732 105.000 7.591
202109 7.822 105.800 8.754
202112 3.917 106.600 4.351
202203 0.092 109.900 0.099
202206 4.911 113.600 5.119
202209 6.767 116.400 6.883
202212 6.490 115.900 6.630
202303 3.000 117.300 3.028
202306 7.972 116.400 8.109
202309 12.305 117.400 12.410
202312 9.480 116.700 9.618
202403 4.609 118.400 4.609

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


Rockwool AS  (FRA:R90) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=376.40/20.62
=18.25

* 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 Rockwool AS was 27.66. The lowest was 9.07. And the median was 15.92.


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.


Rockwool AS Cyclically Adjusted FCF per Share Related Terms

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


Rockwool AS (FRA:R90) Business Description

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Address
Hovedgaden 584, Hedehusene, DNK, 2640
Rockwool AS manufactures and sells building materials, including insulation, and roofing systems. The company organizes itself into two segments based on the product: Insulation and Systems. The Insulation segment, which generates the majority of revenue, sells building, industrial, and technical insulation and external thermal insulation wall systems to the construction industry. The Systems business sells acoustic ceilings and wall systems, external cladding systems, horticultural substrate solutions, engineered fiber solutions, and noise and vibration control to the construction and automotive industries. The majority of sales come from Europe.

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