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Billerud AB (OSTO:BILL) Cyclically Adjusted FCF per Share : kr4.37 (As of Mar. 2024)


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What is Billerud AB 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.

Billerud AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr-1.975. 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 kr4.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Billerud AB's average Cyclically Adjusted FCF Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 27.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.90% 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 Billerud AB was 27.70% per year. The lowest was -24.30% per year. And the median was -4.90% per year.

As of today (2024-05-19), Billerud AB's current stock price is kr99.20. Billerud AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr4.37. Billerud AB's Cyclically Adjusted Price-to-FCF of today is 22.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Billerud AB was 69.69. The lowest was 18.41. And the median was 29.59.


Billerud AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Billerud AB'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.

Billerud AB Cyclically Adjusted FCF per Share Chart

Billerud AB 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 2.66 2.30 3.00 4.81 4.79

Billerud AB 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 4.24 4.07 4.32 4.79 4.37

Competitive Comparison of Billerud AB's Cyclically Adjusted FCF per Share

For the Paper & Paper Products subindustry, Billerud AB'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.


Billerud AB's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Billerud AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Billerud AB 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, Billerud AB'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)
=-1.975/132.2054*132.2054
=-1.975

Current CPI (Mar. 2024) = 132.2054.

Billerud AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.942 100.432 2.556
201409 2.226 100.161 2.938
201412 1.879 100.225 2.479
201503 3.280 99.950 4.338
201506 1.464 99.995 1.936
201509 2.425 100.228 3.199
201512 1.750 100.276 2.307
201603 0.696 100.751 0.913
201606 2.839 101.019 3.715
201609 3.126 101.138 4.086
201612 2.942 102.022 3.812
201703 -1.224 102.022 -1.586
201706 1.461 102.752 1.880
201709 -0.780 103.279 -0.998
201712 -3.411 103.793 -4.345
201803 -1.422 103.962 -1.808
201806 -5.360 104.875 -6.757
201809 -1.576 105.679 -1.972
201812 -3.421 105.912 -4.270
201903 -0.424 105.886 -0.529
201906 -2.149 106.742 -2.662
201909 -2.074 107.214 -2.557
201912 2.175 107.766 2.668
202003 -1.973 106.563 -2.448
202006 0.698 107.498 0.858
202009 1.891 107.635 2.323
202012 4.225 108.296 5.158
202103 0.743 108.360 0.907
202106 4.109 108.928 4.987
202109 3.005 110.338 3.601
202112 4.228 112.486 4.969
202203 0.957 114.825 1.102
202206 6.834 118.384 7.632
202209 3.735 122.296 4.038
202212 2.821 126.365 2.951
202303 -4.457 127.042 -4.638
202306 -1.879 129.407 -1.920
202309 1.786 130.224 1.813
202312 4.990 131.912 5.001
202403 -1.975 132.205 -1.975

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


Billerud AB  (OSTO:BILL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=99.20/4.37
=22.70

* 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 Billerud AB was 69.69. The lowest was 18.41. And the median was 29.59.


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.


Billerud AB Cyclically Adjusted FCF per Share Related Terms

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


Billerud AB (OSTO:BILL) Business Description

Industry
Address
Evenemangsgatan 17, Solna, P.O. Box 703, Stockholm, SWE, SE-169 27
Billerud AB produces a variety of packaging, paper, and board products. Billerud organizes itself into three segments: Board product area, Paper product area and Solutions and Other.