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Alpargatas (BSP:ALPA3) Cyclically Adjusted FCF per Share : R$0.22 (As of Mar. 2024)


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What is Alpargatas 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.

Alpargatas's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$0.443. 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 R$0.22 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Alpargatas's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -23.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -17.10% 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 Alpargatas was 3.30% per year. The lowest was -24.40% per year. And the median was -13.00% per year.

As of today (2024-05-15), Alpargatas's current stock price is R$10.69. Alpargatas's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.22. Alpargatas's Cyclically Adjusted Price-to-FCF of today is 48.59.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Alpargatas was 131.80. The lowest was 19.68. And the median was 55.79.


Alpargatas Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Alpargatas'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.

Alpargatas Cyclically Adjusted FCF per Share Chart

Alpargatas 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 0.44 0.38 0.43 0.19 0.17

Alpargatas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.15 0.12 0.16 0.17 0.22

Competitive Comparison of Alpargatas's Cyclically Adjusted FCF per Share

For the Footwear & Accessories subindustry, Alpargatas'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.


Alpargatas's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Alpargatas's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Alpargatas 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, Alpargatas'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)
=0.443/156.2729*156.2729
=0.443

Current CPI (Mar. 2024) = 156.2729.

Alpargatas Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.048 91.838 0.082
201409 0.000 92.602 0.000
201412 0.124 94.194 0.206
201503 0.094 97.799 0.150
201506 0.149 100.006 0.233
201509 0.059 101.392 0.091
201512 0.184 104.247 0.276
201603 -0.041 106.979 -0.060
201606 0.127 108.851 0.182
201609 0.114 109.986 0.162
201612 0.200 110.802 0.282
201703 0.027 111.869 0.038
201706 -0.101 112.115 -0.141
201709 0.074 112.777 0.103
201712 0.341 114.068 0.467
201803 0.255 114.868 0.347
201806 0.090 117.038 0.120
201809 0.087 117.881 0.115
201812 -0.313 118.340 -0.413
201903 0.175 120.124 0.228
201906 0.287 120.977 0.371
201909 -0.053 121.292 -0.068
201912 0.259 123.436 0.328
202003 0.126 124.092 0.159
202006 -0.383 123.557 -0.484
202009 0.334 125.095 0.417
202012 0.141 129.012 0.171
202103 0.396 131.660 0.470
202106 0.006 133.871 0.007
202109 0.081 137.913 0.092
202112 0.243 141.992 0.267
202203 -0.884 146.537 -0.943
202206 -0.594 149.784 -0.620
202209 -0.415 147.800 -0.439
202212 -0.629 150.207 -0.654
202303 -0.328 153.352 -0.334
202306 -0.216 154.519 -0.218
202309 0.356 155.464 0.358
202312 0.313 156.273 0.313
202403 0.443 156.273 0.443

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


Alpargatas  (BSP:ALPA3) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.69/0.22
=48.59

* 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 Alpargatas was 131.80. The lowest was 19.68. And the median was 55.79.


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.


Alpargatas Cyclically Adjusted FCF per Share Related Terms

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


Alpargatas (BSP:ALPA3) Business Description

Traded in Other Exchanges
Address
United Nations Avenue, Vila Gertrudes, 14.261, Sao Paulo, SP, BRA, 04794-00
Alpargatas SA primarily manufactures footwear, apparel, and sports items. Brands the company owns or manufactures under license include Havaianas, dupe, Osklen, Mizuno, Megga, and Sete Leguas. Alpargatas reaches consumers through third-party retailers and through its own retail stores. Most of the company's sales are in Brazil and Argentina, with sales in Brazil accounting for more than half of the company's total sales. Remaining revenue is generated by the company's subsidiaries in Europe and the United States, and through direct exports.

Alpargatas (BSP:ALPA3) Headlines

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