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Prada SpA (HKSE:01913) Cyclically Adjusted FCF per Share : HK$1.52 (As of Dec. 2023)


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What is Prada SpA 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.

Prada SpA's adjusted free cash flow per share data for the fiscal year that ended in Dec. 2023 was HK$1.317. 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 HK$1.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Prada SpA's average Cyclically Adjusted FCF Growth Rate was -3.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.40% 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 Prada SpA was 15.40% per year. The lowest was 0.90% per year. And the median was 8.15% per year.

As of today (2024-06-06), Prada SpA's current stock price is HK$ 65.00. Prada SpA's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec. 2023 was HK$1.52. Prada SpA's Cyclically Adjusted Price-to-FCF of today is 42.76.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Prada SpA was 43.36. The lowest was 27.17. And the median was 35.22.


Prada SpA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Prada SpA'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.

Prada SpA Cyclically Adjusted FCF per Share Chart

Prada SpA Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.54 0.99 1.26 1.58 1.52

Prada SpA Quarterly Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 - 1.58 - - 1.52

Competitive Comparison of Prada SpA's Cyclically Adjusted FCF per Share

For the Luxury Goods subindustry, Prada SpA'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.


Prada SpA's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Prada SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Prada SpA 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, Prada SpA's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.317/119.7000*119.7000
=1.317

Current CPI (Dec. 2023) = 119.7000.

Prada SpA Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201401 0.909 99.907 1.089
201501 0.429 99.349 0.517
201601 -0.084 99.600 -0.101
201701 1.303 100.600 1.550
201812 0.288 102.300 0.337
201912 1.691 102.800 1.969
202012 1.780 102.600 2.077
202112 3.182 106.600 3.573
202212 2.843 119.000 2.860
202312 1.317 119.700 1.317

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


Prada SpA  (HKSE:01913) 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.

Prada SpA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=65.00/1.52
=42.76

* 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 Prada SpA was 43.36. The lowest was 27.17. And the median was 35.22.


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.


Prada SpA Cyclically Adjusted FCF per Share Related Terms

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


Prada SpA (HKSE:01913) Business Description

Industry
Traded in Other Exchanges
Address
Via Antonio Fogazzaro, 28, Milan, ITA, 20135
Prada is a family owned holding comprising Prada brand, a younger and more fashion-oriented Miu Miu, and two classic shoe brands: Church's and Car Shoe. The company generates more than EUR 4.2 billion in sales, with almost 90% from the Prada brand. Leather goods make up 50% of retail sales, ready-to-wear 29%, footwear 18%, and licensing (mainly eyewear and fragrances) 3%. Geographically, Asia is the biggest region with 33% of retail sales, followed by Europe at 32%, 21% in the Americas, and 10% in Japan.
Executives
Bertelli Patrizio 2201 Interest of corporation controlled by you
Pa Be 1 S.p.a. 2201 Interest of corporation controlled by you
Ludo S.p.a. (formerly Known As "ludo S.r.l.") 2201 Interest of corporation controlled by you
Prada Bianchi Miuccia 2201 Interest of corporation controlled by you

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