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SalMar ASA (STU:JEPA) Cyclically Adjusted Price-to-FCF : 20.68 (As of Jun. 10, 2024)


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What is SalMar ASA Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), SalMar ASA's current share price is €12.20. SalMar ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.59. SalMar ASA's Cyclically Adjusted Price-to-FCF for today is 20.68.

The historical rank and industry rank for SalMar ASA's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:JEPA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.63   Med: 26.59   Max: 34.31
Current: 19.96

During the past years, SalMar ASA's highest Cyclically Adjusted Price-to-FCF was 34.31. The lowest was 12.63. And the median was 26.59.

STU:JEPA's Cyclically Adjusted Price-to-FCF is ranked better than
53.99% of 715 companies
in the Consumer Packaged Goods industry
Industry Median: 23.11 vs STU:JEPA: 19.96

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.

SalMar ASA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.153. 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 €0.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SalMar ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SalMar ASA'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.

SalMar ASA Cyclically Adjusted Price-to-FCF Chart

SalMar ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.01 26.39 27.42 15.50 19.11

SalMar ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 17.83 16.20 19.00 19.11 23.76

Competitive Comparison of SalMar ASA's Cyclically Adjusted Price-to-FCF

For the Farm Products subindustry, SalMar ASA'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.


SalMar ASA's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SalMar ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



SalMar ASA 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.

SalMar ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.20/0.59
=20.68

* 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.

SalMar ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, SalMar ASA'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)
=0.153/132.6000*132.6000
=0.153

Current CPI (Mar. 2024) = 132.6000.

SalMar ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.194 97.500 0.264
201409 -0.007 98.500 -0.009
201412 0.130 98.600 0.175
201503 0.172 99.200 0.230
201506 0.090 100.100 0.119
201509 0.041 100.600 0.054
201512 0.101 100.900 0.133
201603 0.236 102.500 0.305
201606 0.245 103.800 0.313
201609 0.226 104.200 0.288
201612 -0.059 104.400 -0.075
201703 0.179 105.000 0.226
201706 0.267 105.800 0.335
201709 0.230 105.900 0.288
201712 0.119 106.100 0.149
201803 0.146 107.300 0.180
201806 0.195 108.500 0.238
201809 0.312 109.500 0.378
201812 -0.008 109.800 -0.010
201903 0.182 110.400 0.219
201906 0.300 110.600 0.360
201909 0.133 111.100 0.159
201912 0.069 111.300 0.082
202003 0.253 111.200 0.302
202006 0.231 112.100 0.273
202009 0.150 112.900 0.176
202012 0.006 112.900 0.007
202103 0.030 114.600 0.035
202106 0.238 115.300 0.274
202109 0.197 117.500 0.222
202112 0.150 118.900 0.167
202203 0.179 119.800 0.198
202206 0.094 122.600 0.102
202209 0.152 125.600 0.160
202212 -0.048 125.900 -0.051
202303 0.147 127.600 0.153
202306 0.252 130.400 0.256
202309 0.427 129.800 0.436
202312 0.272 131.900 0.273
202403 0.153 132.600 0.153

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.


SalMar ASA  (STU:JEPA) 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.


SalMar ASA Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of SalMar ASA's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


SalMar ASA (STU:JEPA) Business Description

Address
Industriveien 51, Kverva, NOR, N-7266
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material. Customers include importers, exporters, and larger processing companies and retail chains.

SalMar ASA (STU:JEPA) Headlines

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