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SWDBF (Swedbank AB) Cyclically Adjusted FCF per Share : $1.77 (As of Jun. 2024)


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What is Swedbank 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.

Swedbank AB's adjusted free cash flow per share for the three months ended in Jun. 2024 was $-0.850. 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 $1.77 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Swedbank AB's average Cyclically Adjusted FCF Growth Rate was 43.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 23.20% 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 Swedbank AB was 67.20% per year. The lowest was -9.90% per year. And the median was 40.10% per year.

As of today (2024-10-09), Swedbank AB's current stock price is $20.14. Swedbank AB's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was $1.77. Swedbank AB's Cyclically Adjusted Price-to-FCF of today is 11.38.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Swedbank AB was 37.21. The lowest was 2.78. And the median was 9.17.


Swedbank AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Swedbank 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.

Swedbank AB Cyclically Adjusted FCF per Share Chart

Swedbank 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 1.56 3.21 2.72 2.68 1.92

Swedbank AB Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.21 1.42 1.92 2.19 1.77

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

For the Banks - Regional subindustry, Swedbank 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.


Swedbank AB's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Swedbank AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Swedbank 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, Swedbank AB's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.85/132.7160*132.7160
=-0.850

Current CPI (Jun. 2024) = 132.7160.

Swedbank AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -1.629 100.161 -2.158
201412 -3.098 100.225 -4.102
201503 7.527 99.950 9.995
201506 3.755 99.995 4.984
201509 -8.164 100.228 -10.810
201512 3.909 100.276 5.174
201603 13.101 100.751 17.257
201606 -2.015 101.019 -2.647
201609 -8.500 101.138 -11.154
201612 -7.381 102.022 -9.602
201703 15.880 102.022 20.658
201706 9.290 102.752 11.999
201709 -14.207 103.279 -18.256
201712 -6.892 103.793 -8.813
201803 18.304 103.962 23.367
201806 -8.415 104.875 -10.649
201809 -5.141 105.679 -6.456
201812 -2.231 105.912 -2.796
201903 -2.628 105.886 -3.294
201906 3.392 106.742 4.217
201909 -2.612 107.214 -3.233
201912 5.447 107.766 6.708
202003 9.308 106.563 11.592
202006 8.539 107.498 10.542
202009 0.741 107.635 0.914
202012 -9.644 108.296 -11.819
202103 20.734 108.360 25.394
202106 9.115 108.928 11.106
202109 5.051 110.338 6.075
202112 -27.853 112.486 -32.862
202203 5.779 114.825 6.679
202206 0.012 118.384 0.013
202209 0.904 122.296 0.981
202212 -7.907 126.365 -8.304
202303 -1.720 127.042 -1.797
202306 -1.557 129.407 -1.597
202309 -6.188 130.224 -6.306
202312 -2.551 131.912 -2.567
202403 6.142 132.205 6.166
202406 -0.850 132.716 -0.850

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


Swedbank AB  (OTCPK:SWDBF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.14/1.77
=11.38

* 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 Swedbank AB was 37.21. The lowest was 2.78. And the median was 9.17.


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.


Swedbank AB Cyclically Adjusted FCF per Share Related Terms

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


Swedbank AB Business Description

Industry
Address
Landsvagen 40, Sundbyberg, Stockholm, SWE, 172 63
Swedbank is one of the oldest banks in Sweden, where it derives the lion's share of its income. The bank is the result of merging savings and union banks in Sweden in the aftermath of the financial crisis in the early 1990s in Sweden. The remaining independent savings banks in Sweden remain in close collaboration with Swedbank, acting as an additional product distribution channel to Swedbank and sharing Swedbank's IT systems and part of its development costs. In addition, the bank operates in the three Baltic states: Estonia, Latvia, and Lithuania. Swedbank has a market-leading position in the Baltics, with share ranging from 20% to 55% in retail banking, where it generates 16% of revenue.

Swedbank AB Headlines

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