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Holmen AB (OSTO:HOLM A) Cyclically Adjusted FCF per Share : kr22.57 (As of Mar. 2024)


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What is Holmen 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.

Holmen AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr2.982. 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 kr22.57 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Holmen AB's average Cyclically Adjusted FCF Growth Rate was 8.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.10% 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 Holmen AB was 18.90% per year. The lowest was 12.20% per year. And the median was 18.60% per year.

As of today (2024-05-29), Holmen AB's current stock price is kr440.00. Holmen AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr22.57. Holmen AB's Cyclically Adjusted Price-to-FCF of today is 19.49.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Holmen AB was 41.19. The lowest was 15.86. And the median was 23.08.


Holmen AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Holmen 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.

Holmen AB Cyclically Adjusted FCF per Share Chart

Holmen 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 11.80 13.47 15.86 19.68 22.65

Holmen 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 20.86 21.88 21.87 22.65 22.57

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

For the Paper & Paper Products subindustry, Holmen 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.


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

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

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



Holmen 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, Holmen 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)
=2.982/132.2054*132.2054
=2.982

Current CPI (Mar. 2024) = 132.2054.

Holmen AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.904 100.432 3.823
201409 4.409 100.161 5.820
201412 2.436 100.225 3.213
201503 3.065 99.950 4.054
201506 3.387 99.995 4.478
201509 3.903 100.228 5.148
201512 4.578 100.276 6.036
201603 3.174 100.751 4.165
201606 3.361 101.019 4.399
201609 3.290 101.138 4.301
201612 1.770 102.022 2.294
201703 4.144 102.022 5.370
201706 2.705 102.752 3.480
201709 2.830 103.279 3.623
201712 5.223 103.793 6.653
201803 3.095 103.962 3.936
201806 2.935 104.875 3.700
201809 3.160 105.679 3.953
201812 4.310 105.912 5.380
201903 1.575 105.886 1.966
201906 6.663 106.742 8.253
201909 5.153 107.214 6.354
201912 4.593 107.766 5.635
202003 3.733 106.563 4.631
202006 5.128 107.498 6.307
202009 3.890 107.635 4.778
202012 2.292 108.296 2.798
202103 3.702 108.360 4.517
202106 6.339 108.928 7.694
202109 6.209 110.338 7.440
202112 3.686 112.486 4.332
202203 8.580 114.825 9.879
202206 10.820 118.384 12.083
202209 6.398 122.296 6.916
202212 7.979 126.365 8.348
202303 13.323 127.042 13.865
202306 11.451 129.407 11.699
202309 2.962 130.224 3.007
202312 8.386 131.912 8.405
202403 2.982 132.205 2.982

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


Holmen AB  (OSTO:HOLM A) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=440.00/22.57
=19.49

* 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 Holmen AB was 41.19. The lowest was 15.86. And the median was 23.08.


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.


Holmen AB Cyclically Adjusted FCF per Share Related Terms

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


Holmen AB (OSTO:HOLM A) Business Description

Industry
Traded in Other Exchanges
Address
Strandvagen 1, P.O. Box 5407, Stockholm, SWE, SE-114 84
Holmen AB produces and sells timber, wood products, a variety of paper products, and electricity generated through renewable energy sources. The company organizes itself into five segments based on product type: Forest, Paperboard, Paper, Wood Products, and Renewable Energy. The company's product portfolio includes logs, biofuel, paperboard for consumer packaging, paper for books, construction timber, and renewable energy from hydro and wind power. The company's customer segment is composed of printing firms, sawmills, pulp mills, paper mills, construction industry, and packaging industry, among others. The vast majority of revenue comes from the company's paper and paperboard segments combined, and it earns majoroty of its revenue in Europe.

Holmen AB (OSTO:HOLM A) Headlines

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