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Alm Brand A/S (OCSE:ALMB) Cyclically Adjusted FCF per Share : kr1.90 (As of Mar. 2024)


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What is Alm Brand A/S 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.

Alm Brand A/S's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr1.048. 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 kr1.90 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Alm Brand A/S's average Cyclically Adjusted FCF Growth Rate was -2.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.90% 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 Alm Brand A/S was 11.60% per year. The lowest was -9.90% per year. And the median was -1.40% per year.

As of today (2024-06-07), Alm Brand A/S's current stock price is kr13.93. Alm Brand A/S's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr1.90. Alm Brand A/S's Cyclically Adjusted Price-to-FCF of today is 7.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Alm Brand A/S was 13.92. The lowest was 4.89. And the median was 6.93.


Alm Brand A/S Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Alm Brand A/S'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.

Alm Brand A/S Cyclically Adjusted FCF per Share Chart

Alm Brand A/S 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 1.63 1.39 1.87 1.86 1.93

Alm Brand A/S 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 1.95 1.92 1.99 1.93 1.90

Competitive Comparison of Alm Brand A/S's Cyclically Adjusted FCF per Share

For the Insurance - Diversified subindustry, Alm Brand A/S'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.


Alm Brand A/S's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Alm Brand A/S's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Alm Brand A/S's Cyclically Adjusted Price-to-FCF falls into.



Alm Brand A/S 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, Alm Brand A/S'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)
=1.048/118.4000*118.4000
=1.048

Current CPI (Mar. 2024) = 118.4000.

Alm Brand A/S Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.329 99.700 -0.391
201409 -0.372 99.700 -0.442
201412 -0.050 99.400 -0.060
201503 1.347 100.200 1.592
201506 0.101 100.300 0.119
201509 -0.084 100.200 -0.099
201512 0.191 99.800 0.227
201603 1.745 100.200 2.062
201606 -0.112 100.600 -0.132
201609 0.096 100.200 0.113
201612 0.025 100.300 0.030
201703 1.102 101.200 1.289
201706 0.091 101.200 0.106
201709 0.069 101.800 0.080
201712 0.079 101.300 0.092
201803 1.478 101.700 1.721
201806 0.423 102.300 0.490
201809 0.018 102.400 0.021
201812 0.375 102.100 0.435
201903 1.791 102.900 2.061
201906 0.291 102.900 0.335
201909 0.202 102.900 0.232
201912 -0.062 102.900 -0.071
202003 1.334 103.300 1.529
202006 0.540 103.200 0.620
202009 0.360 103.500 0.412
202012 -0.291 103.400 -0.333
202103 5.615 104.300 6.374
202106 1.818 105.000 2.050
202109 -2.032 105.800 -2.274
202112 0.097 106.600 0.108
202203 0.831 109.900 0.895
202206 -0.521 113.600 -0.543
202209 -0.270 116.400 -0.275
202212 0.044 115.900 0.045
202303 1.082 117.300 1.092
202306 -0.169 116.400 -0.172
202309 -0.165 117.400 -0.166
202312 -1.159 116.700 -1.176
202403 1.048 118.400 1.048

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


Alm Brand A/S  (OCSE:ALMB) 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.

Alm Brand A/S's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13.93/1.9
=7.33

* 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 Alm Brand A/S was 13.92. The lowest was 4.89. And the median was 6.93.


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.


Alm Brand A/S Cyclically Adjusted FCF per Share Related Terms

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


Alm Brand A/S (OCSE:ALMB) Business Description

Industry
Traded in Other Exchanges
Address
Midtermolen 7, Copenhagen, DNK, DK-2100
Alm Brand A/S is a Danish investment holding company that its subsidiaries operate within the financial services, non-life insurance, life insurance, and banking industries. The non-life insurance segment exclusively services clients ranging from private customers to small and medium-size enterprises, among others. The life insurance segment offers life insurance, pension savings, and pension insurance. The banking segment offers services such as bond, equity, currency trading, asset servicing, leasing, and private banking to private and commercial clients. The non-life insurance business is the core business of the firm and generates a vast majority of its income.

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