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Localiza Rent A Car (BSP:RENT3) Cyclically Adjusted FCF per Share : R$-3.93 (As of Mar. 2024)


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What is Localiza Rent A Car 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.

Localiza Rent A Car's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$-2.695. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$-3.93 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -69.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -52.60% 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 Localiza Rent A Car was -20.20% per year. The lowest was -69.40% per year. And the median was -45.60% per year.

As of today (2024-05-18), Localiza Rent A Car's current stock price is R$48.40. Localiza Rent A Car's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$-3.93. Localiza Rent A Car's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Localiza Rent A Car was 756.75. The lowest was 626.98. And the median was 692.77.


Localiza Rent A Car Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Localiza Rent A Car'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.

Localiza Rent A Car Cyclically Adjusted FCF per Share Chart

Localiza Rent A Car 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 -0.80 -0.73 -1.26 -2.42 -3.57

Localiza Rent A Car 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 -2.63 -3.07 -3.31 -3.57 -3.93

Competitive Comparison of Localiza Rent A Car's Cyclically Adjusted FCF per Share

For the Rental & Leasing Services subindustry, Localiza Rent A Car'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.


Localiza Rent A Car's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Localiza Rent A Car's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Localiza Rent A Car's Cyclically Adjusted Price-to-FCF falls into.



Localiza Rent A Car 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, Localiza Rent A Car'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)
=-2.695/159.3724*159.3724
=-2.695

Current CPI (Mar. 2024) = 159.3724.

Localiza Rent A Car Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.143 91.838 -0.248
201409 0.116 92.602 0.200
201412 0.027 94.194 0.046
201503 -0.041 97.799 -0.067
201506 -0.031 100.006 -0.049
201509 0.027 101.392 0.042
201512 -0.178 104.247 -0.272
201603 0.160 106.979 0.238
201606 -0.113 108.851 -0.165
201609 -0.329 109.986 -0.477
201612 -0.198 110.802 -0.285
201703 0.113 111.869 0.161
201706 -0.150 112.115 -0.213
201709 -0.959 112.777 -1.355
201712 -2.712 114.068 -3.789
201803 0.678 114.868 0.941
201806 -0.982 117.038 -1.337
201809 0.195 117.881 0.264
201812 -0.049 118.340 -0.066
201903 -0.564 120.124 -0.748
201906 -0.942 120.977 -1.241
201909 -1.007 121.292 -1.323
201912 -1.393 123.436 -1.799
202003 -0.722 124.092 -0.927
202006 0.435 123.557 0.561
202009 0.259 125.095 0.330
202012 0.659 129.012 0.814
202103 -0.576 131.660 -0.697
202106 -2.742 133.871 -3.264
202109 0.884 137.913 1.022
202112 -2.023 141.992 -2.271
202203 -1.684 146.537 -1.832
202206 -1.551 149.784 -1.650
202209 -0.182 147.800 -0.196
202212 -6.824 150.207 -7.240
202303 -1.378 153.352 -1.432
202306 -4.094 154.519 -4.223
202309 -2.147 155.464 -2.201
202312 -1.875 157.148 -1.902
202403 -2.695 159.372 -2.695

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


Localiza Rent A Car  (BSP:RENT3) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Localiza Rent A Car was 756.75. The lowest was 626.98. And the median was 692.77.


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.


Localiza Rent A Car Cyclically Adjusted FCF per Share Related Terms

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


Localiza Rent A Car (BSP:RENT3) Business Description

Traded in Other Exchanges
Address
Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900
Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

Localiza Rent A Car (BSP:RENT3) Headlines

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