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A. P. Moller Maersk A/S (OCSE:MAERSK B) Cyclically Adjusted FCF per Share : kr1,607.80 (As of Mar. 2024)


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What is A. P. Moller Maersk 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.

A. P. Moller Maersk A/S's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr165.836. 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 kr1,607.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, A. P. Moller Maersk A/S's average Cyclically Adjusted FCF Growth Rate was 2.60% 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.

As of today (2024-05-22), A. P. Moller Maersk A/S's current stock price is kr11310.00. A. P. Moller Maersk A/S's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr1,607.80. A. P. Moller Maersk A/S's Cyclically Adjusted Price-to-FCF of today is 7.03.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of A. P. Moller Maersk A/S was 1071.23. The lowest was 5.54. And the median was 12.60.


A. P. Moller Maersk A/S Cyclically Adjusted FCF per Share Historical Data

The historical data trend for A. P. Moller Maersk 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.

A. P. Moller Maersk A/S Cyclically Adjusted FCF per Share Chart

A. P. Moller Maersk 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 -755.07 -472.45 168.98 1,394.22 1,561.46

A. P. Moller Maersk 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 1,566.89 1,615.33 1,626.29 1,561.46 1,607.80

Competitive Comparison of A. P. Moller Maersk A/S's Cyclically Adjusted FCF per Share

For the Marine Shipping subindustry, A. P. Moller Maersk 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.


A. P. Moller Maersk A/S's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A. P. Moller Maersk A/S's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



A. P. Moller Maersk 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, A. P. Moller Maersk 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)
=165.836/118.4000*118.4000
=165.836

Current CPI (Mar. 2024) = 118.4000.

A. P. Moller Maersk A/S Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -39.543 99.700 -46.960
201409 6.339 99.700 7.528
201412 137.926 99.400 164.290
201503 -11.230 100.200 -13.270
201506 -35.338 100.300 -41.715
201509 191.369 100.200 226.129
201512 112.932 99.800 133.979
201603 -349.851 100.200 -413.397
201606 -51.788 100.600 -60.951
201609 148.840 100.200 175.875
201612 22.460 100.300 26.513
201703 -79.034 101.200 -92.467
201706 15.677 101.200 18.341
201709 -104.830 101.800 -121.924
201712 13.683 101.300 15.993
201803 -265.479 101.700 -309.073
201806 -8,504.667 102.300 -9,843.134
201809 211.562 102.400 244.619
201812 218.912 102.100 253.861
201903 223.997 102.900 257.738
201906 237.994 102.900 273.843
201909 446.584 102.900 513.854
201912 356.637 102.900 410.358
202003 311.103 103.300 356.579
202006 490.115 103.200 562.302
202009 619.948 103.500 709.197
202012 682.351 103.400 781.338
202103 999.573 104.300 1,134.702
202106 1,182.349 105.000 1,333.239
202109 1,988.781 105.800 2,225.630
202112 2,168.974 106.600 2,409.067
202203 2,484.032 109.900 2,676.155
202206 2,890.528 113.600 3,012.663
202209 3,520.192 116.400 3,580.676
202212 2,877.624 115.900 2,939.695
202303 1,792.778 117.300 1,809.590
202306 812.053 116.400 826.006
202309 235.335 117.400 237.340
202312 -455.374 116.700 -462.008
202403 165.836 118.400 165.836

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


A. P. Moller Maersk A/S  (OCSE:MAERSK B) 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.

A. P. Moller Maersk 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
=11310.00/1607.8
=7.03

* 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 A. P. Moller Maersk A/S was 1071.23. The lowest was 5.54. And the median was 12.60.


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.


A. P. Moller Maersk A/S Cyclically Adjusted FCF per Share Related Terms

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


A. P. Moller Maersk A/S (OCSE:MAERSK B) Business Description

Address
Esplanaden 50, Copenhagen, DNK, DK-1098
A.P. Moller-Maersk is a Denmark-listed global conglomerate involved in global trade, shipping, and energy. Maersk Line, the largest contributor to group revenue and earnings, has been the largest container shipping company globally for more than 20 years. Maersk was founded in 1904 and has since been run by the Moller-Maersk family, which currently holds slightly more than 50% of the share capital. The group has been active over the past few years in divesting noncore operations, such as its long-standing stakes in Danske Bank and Dansk Supermarked as well as its oil and gas operations.

A. P. Moller Maersk A/S (OCSE:MAERSK B) Headlines

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