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Deere (UKEX:DE) Cyclically Adjusted FCF per Share : ₴233.85 (As of Apr. 2024)


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What is Deere 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.

Deere's adjusted free cash flow per share for the three months ended in Apr. 2024 was ₴83.375. 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 ₴233.85 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Deere's average Cyclically Adjusted FCF Growth Rate was 31.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 41.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 52.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.10% 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 Deere was 78.60% per year. The lowest was -24.10% per year. And the median was 4.70% per year.

As of today (2024-05-23), Deere's current stock price is ₴14956.00. Deere's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was ₴233.85. Deere's Cyclically Adjusted Price-to-FCF of today is 63.96.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deere was 334.77. The lowest was 48.65. And the median was 93.82.


Deere Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Deere'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.

Deere Cyclically Adjusted FCF per Share Chart

Deere Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 167.70 233.36

Deere Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 181.45 171.34 233.36 213.56 233.85

Competitive Comparison of Deere's Cyclically Adjusted FCF per Share

For the Farm & Heavy Construction Machinery subindustry, Deere'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.


Deere's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=83.375/131.7762*131.7762
=83.375

Current CPI (Apr. 2024) = 131.7762.

Deere Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 94.963 100.520 124.491
201410 211.518 100.176 278.242
201501 -114.841 98.604 -153.476
201504 -37.090 99.824 -48.962
201507 81.773 100.691 107.018
201510 191.918 100.346 252.029
201601 -187.162 99.957 -246.740
201604 -32.956 100.947 -43.021
201607 120.869 101.524 156.886
201610 203.150 101.988 262.485
201701 -159.255 102.456 -204.829
201704 -8.324 103.167 -10.632
201707 37.122 103.278 47.365
201710 78.952 104.070 99.971
201801 -227.461 104.578 -286.619
201804 -80.187 105.708 -99.962
201807 -20.973 106.324 -25.994
201810 189.895 106.695 234.535
201901 -285.839 106.200 -354.678
201904 -74.515 107.818 -91.073
201907 136.908 108.250 166.663
201910 223.302 108.577 271.014
202001 -163.218 108.841 -197.612
202004 84.773 108.173 103.270
202007 351.158 109.318 423.302
202010 337.015 109.861 404.245
202101 -38.545 110.364 -46.023
202104 127.626 112.673 149.265
202107 243.461 115.183 278.534
202110 325.180 116.696 367.202
202201 -405.033 118.619 -449.958
202204 3.241 121.978 3.501
202207 159.034 125.002 167.652
202210 371.050 125.734 388.880
202301 -274.868 126.223 -286.961
202304 13.204 127.992 13.594
202307 273.660 128.974 279.605
202310 568.497 129.810 577.109
202401 -245.003 130.124 -248.113
202404 83.375 131.776 83.375

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


Deere  (UKEX:DE) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14956.00/233.85
=63.96

* 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 Deere was 334.77. The lowest was 48.65. And the median was 93.82.


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.


Deere Cyclically Adjusted FCF per Share Related Terms

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


Deere (UKEX:DE) Business Description

Address
One John Deere Place, Moline, IL, USA, 61265
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.

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