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dorma+kaba Holding AG (FRA:KABN) Cyclically Adjusted Price-to-FCF : 10.32 (As of May. 31, 2024)


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What is dorma+kaba Holding AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), dorma+kaba Holding AG's current share price is €636.00. dorma+kaba Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was €61.62. dorma+kaba Holding AG's Cyclically Adjusted Price-to-FCF for today is 10.32.

The historical rank and industry rank for dorma+kaba Holding AG's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:KABN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.52   Med: 19.34   Max: 36.34
Current: 12.84

During the past 13 years, dorma+kaba Holding AG's highest Cyclically Adjusted Price-to-FCF was 36.34. The lowest was 8.52. And the median was 19.34.

FRA:KABN's Cyclically Adjusted Price-to-FCF is ranked better than
62.5% of 360 companies
in the Business Services industry
Industry Median: 18.3 vs FRA:KABN: 12.84

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.

dorma+kaba Holding AG's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was €46.228. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €61.62 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


dorma+kaba Holding AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for dorma+kaba Holding AG's Cyclically Adjusted Price-to-FCF 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.

dorma+kaba Holding AG Cyclically Adjusted Price-to-FCF Chart

dorma+kaba Holding AG Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.72 15.91 17.30 11.54 10.32

dorma+kaba Holding AG Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Cyclically Adjusted Price-to-FCF 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 17.30 - 11.54 - 10.32

Competitive Comparison of dorma+kaba Holding AG's Cyclically Adjusted Price-to-FCF

For the Security & Protection Services subindustry, dorma+kaba Holding AG'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.


dorma+kaba Holding AG's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, dorma+kaba Holding AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where dorma+kaba Holding AG's Cyclically Adjusted Price-to-FCF falls into.



dorma+kaba Holding AG Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

dorma+kaba Holding AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=636.00/61.62
=10.32

* 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.

dorma+kaba Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, dorma+kaba Holding AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=46.228/106.5755*106.5755
=46.228

Current CPI (Jun23) = 106.5755.

dorma+kaba Holding AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 15.724 101.517 16.508
201506 16.267 100.464 17.257
201606 42.284 100.088 45.025
201706 39.446 100.285 41.920
201806 31.651 101.435 33.255
201906 36.280 102.044 37.891
202006 52.328 100.743 55.357
202106 51.939 101.352 54.616
202206 11.345 104.783 11.539
202306 46.228 106.576 46.228

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


dorma+kaba Holding AG  (FRA:KABN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


dorma+kaba Holding AG Cyclically Adjusted Price-to-FCF Related Terms

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dorma+kaba Holding AG (FRA:KABN) Business Description

Traded in Other Exchanges
Address
Hofwisenstrasse 24, Rumlang, CHE, 8153
dorma+kaba Holding AG is the result of the merger of Dorma and Kaba. The combined company forms a group that offers security hardware and systems to protect buildings and rooms. The products include door closers, architectural hardware, space and rescue doors, automatic doors and operators, physical access systems, electronic access control, workforce management, installation services, master key systems, cylinder locks, digital and electronic locks, lodging systems, safe locks, interior glass products, and movable walls. The company earns the majority of revenue from DACH segment involving Germany, Austria, and Switzerland.

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