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Hexagon AB (OSTO:HEXA B) Cyclically Adjusted FCF per Share : kr3.12 (As of Mar. 2024)


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What is Hexagon 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.

Hexagon AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr0.918. 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 kr3.12 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hexagon AB's average Cyclically Adjusted FCF Growth Rate was 8.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.30% 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 Hexagon AB was 15.20% per year. The lowest was 12.40% per year. And the median was 13.20% per year.

As of today (2024-05-26), Hexagon AB's current stock price is kr117.65. Hexagon AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr3.12. Hexagon AB's Cyclically Adjusted Price-to-FCF of today is 37.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hexagon AB was 65.09. The lowest was 29.09. And the median was 41.95.


Hexagon AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hexagon 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.

Hexagon AB Cyclically Adjusted FCF per Share Chart

Hexagon 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 1.86 2.15 2.44 2.84 3.05

Hexagon 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 2.88 2.96 2.98 3.05 3.12

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

For the Scientific & Technical Instruments subindustry, Hexagon 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.


Hexagon AB's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hexagon AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hexagon 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, Hexagon 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)
=0.918/132.2054*132.2054
=0.918

Current CPI (Mar. 2024) = 132.2054.

Hexagon AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.241 100.432 0.317
201409 0.305 100.161 0.403
201412 0.409 100.225 0.540
201503 0.257 99.950 0.340
201506 0.318 99.995 0.420
201509 0.522 100.228 0.689
201512 0.606 100.276 0.799
201603 0.385 100.751 0.505
201606 0.407 101.019 0.533
201609 0.441 101.138 0.576
201612 0.700 102.022 0.907
201703 0.541 102.022 0.701
201706 0.519 102.752 0.668
201709 0.593 103.279 0.759
201712 0.601 103.793 0.766
201803 0.413 103.962 0.525
201806 0.659 104.875 0.831
201809 0.071 105.679 0.089
201812 1.108 105.912 1.383
201903 0.397 105.886 0.496
201906 0.788 106.742 0.976
201909 0.727 107.214 0.896
201912 0.743 107.766 0.911
202003 0.618 106.563 0.767
202006 1.033 107.498 1.270
202009 0.865 107.635 1.062
202012 1.172 108.296 1.431
202103 0.872 108.360 1.064
202106 1.101 108.928 1.336
202109 0.728 110.338 0.872
202112 0.812 112.486 0.954
202203 0.667 114.825 0.768
202206 0.911 118.384 1.017
202209 0.972 122.296 1.051
202212 0.471 126.365 0.493
202303 0.587 127.042 0.611
202306 0.916 129.407 0.936
202309 0.640 130.224 0.650
202312 1.006 131.912 1.008
202403 0.918 132.205 0.918

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


Hexagon AB  (OSTO:HEXA 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=117.65/3.12
=37.71

* 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 Hexagon AB was 65.09. The lowest was 29.09. And the median was 41.95.


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.


Hexagon AB Cyclically Adjusted FCF per Share Related Terms

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


Hexagon AB (OSTO:HEXA B) Business Description

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Lilla Bantorget 15, Stockholm, SWE, SE-111 23
Hexagon AB provides information technology for industrial applications. It offers solutions in two segments: geospatial enterprise solutions and industrial enterprise solutions. Each segment contributes roughly half of the firm's overall revenue. Hexagon's geospatial solutions are used for infrastructure, mining, agriculture, and public safety. The industrial enterprise solutions are used to measure and inspect the quality of complex parts used in manufacturing processes. Hexagon's largest geographic markets are Americas and EMEA, with each market contributing more than a fourth of the firm's overall revenue.

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