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Advance Auto Parts (Advance Auto Parts) Cyclically Adjusted Price-to-FCF : 8.37 (As of Jun. 08, 2024)


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What is Advance Auto Parts Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Advance Auto Parts's current share price is $64.58. Advance Auto Parts's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $7.72. Advance Auto Parts's Cyclically Adjusted Price-to-FCF for today is 8.37.

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

AAP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.6   Med: 25.39   Max: 42.19
Current: 8.36

During the past years, Advance Auto Parts's highest Cyclically Adjusted Price-to-FCF was 42.19. The lowest was 6.60. And the median was 25.39.

AAP's Cyclically Adjusted Price-to-FCF is ranked better than
68.49% of 438 companies
in the Retail - Cyclical industry
Industry Median: 13.25 vs AAP: 8.36

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.

Advance Auto Parts's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.773. 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 $7.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Advance Auto Parts Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Advance Auto Parts'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.

Advance Auto Parts Cyclically Adjusted Price-to-FCF Chart

Advance Auto Parts 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 25.22 23.06 31.12 18.39 7.93

Advance Auto Parts 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 16.87 9.58 7.40 7.93 11.02

Competitive Comparison of Advance Auto Parts's Cyclically Adjusted Price-to-FCF

For the Specialty Retail subindustry, Advance Auto Parts'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.


Advance Auto Parts's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

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



Advance Auto Parts 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.

Advance Auto Parts's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=64.58/7.72
=8.37

* 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.

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

For example, Advance Auto Parts'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)
=-0.773/131.7762*131.7762
=-0.773

Current CPI (Mar. 2024) = 131.7762.

Advance Auto Parts Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.639 100.560 3.458
201409 2.240 100.428 2.939
201412 1.385 99.070 1.842
201503 0.613 99.621 0.811
201506 2.322 100.684 3.039
201509 1.933 100.392 2.537
201512 1.477 99.792 1.950
201603 -0.009 100.470 -0.012
201606 0.964 101.688 1.249
201609 2.062 101.861 2.668
201612 0.554 101.863 0.717
201703 -0.408 102.862 -0.523
201706 2.364 103.349 3.014
201709 1.283 104.136 1.624
201712 2.306 104.011 2.922
201803 1.610 105.290 2.015
201806 3.538 106.317 4.385
201809 2.618 106.507 3.239
201812 0.558 105.998 0.694
201903 1.986 107.251 2.440
201906 3.298 108.070 4.021
201909 2.244 108.329 2.730
201912 -2.066 108.420 -2.511
202003 -1.042 108.902 -1.261
202006 5.486 108.767 6.647
202009 4.454 109.815 5.345
202012 1.257 109.897 1.507
202103 3.919 111.754 4.621
202106 5.943 114.631 6.832
202109 1.379 115.734 1.570
202112 1.324 117.630 1.483
202203 -2.751 121.301 -2.989
202206 4.395 125.017 4.633
202209 0.863 125.227 0.908
202212 2.698 125.222 2.839
202303 -7.936 127.348 -8.212
202306 2.736 128.729 2.801
202309 2.560 129.860 2.598
202312 3.381 129.419 3.443
202403 -0.773 131.776 -0.773

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.


Advance Auto Parts  (NYSE:AAP) 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.


Advance Auto Parts Cyclically Adjusted Price-to-FCF Related Terms

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


Advance Auto Parts (Advance Auto Parts) Business Description

Traded in Other Exchanges
Address
4200 Six Forks Road, Raleigh, NC, USA, 27609
Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers and third-party vehicle repair facilities in North America. Advance operated 5,086 stores as of the end of 2022, in addition to servicing 1,311 independently owned Carquest stores. The company's Worldpac chain is a premier distributor of imported original-equipment parts. Advance derived 59% of its 2022 sales from commercial clients, with the remainder from DIY shoppers.
Executives
Kristen L Soler officer: EVP, Chief HR Officer 12200 FOX VALLEY STREET, RALEIGH NC 27614
Lee Eugene I Jr director 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Shane M Okelly director, officer: Director, President and CEO 4200 SIX FORKS ROAD, RALEIGH NC 27609
Anthony A Iskander officer: Interim CFO, SVP, Fin & Treas 4200 SIX FORKS ROAD, RALEIGH NC 27609
Douglas A Pertz director 1801 BAYBERRY COURT, RICHMOND VA 23226
Joan M Hilson director 150 THORN HILL DRIVE, WARRENDALE PA 15086-7528
John Francis Ferraro director 9 WALNUT AVE, CAMBRIDGE MA 02140
Carla Jean Bailo director 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Jones Jeffrey J Ii director ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Szilagyi J Stephen officer: EVP Chief Supply Chain Officer 15027 JUNE WASHAM ROAD, RALEIGH NC 27609
Word Herman L Jr officer: EVP, U.S. Stores & CQ Ind. 1033 LINENHALL WAY, WAKE FOREST NC 27587
Pellicciotti William J Jr officer: SVP, Controller and CAO 4200 SIX FORKS ROAD, RALEIGH NC 27609
Robert B Cushing officer: EVP, Commercial 1432 FREEMAN LANE, PLEASANTON VA 94566
Sherice Torres director PO BOX 20833, SAN JOSE CA 95160
Natalie Schechtman officer: SVP Human Resources 45 ROUND HOUSE ROAD, BEDFORD NY 10506

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