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LPP (FRA:1RY) Cyclically Adjusted FCF per Share : €81.26 (As of Jan. 2024)


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What is LPP 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.

LPP's adjusted free cash flow per share for the three months ended in Jan. 2024 was €109.791. 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 €81.26 for the trailing ten years ended in Jan. 2024.

During the past 12 months, LPP's average Cyclically Adjusted FCF Growth Rate was 112.00% 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 LPP was 26.30% per year. The lowest was 14.40% per year. And the median was 20.35% per year.

As of today (2024-06-04), LPP's current stock price is €3988.00. LPP's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €81.26. LPP's Cyclically Adjusted Price-to-FCF of today is 49.08.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of LPP was 138.77. The lowest was 31.78. And the median was 70.18.


LPP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for LPP'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.

LPP Cyclically Adjusted FCF per Share Chart

LPP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Jan20 Jan21 Jan22 Jan23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.26 - 24.61 40.12 36.77

LPP Quarterly Data
Mar19 Jun19 Sep19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 36.77 51.55 61.10 66.72 81.26

Competitive Comparison of LPP's Cyclically Adjusted FCF per Share

For the Apparel Manufacturing subindustry, LPP'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.


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

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=109.791/148.3109*148.3109
=109.791

Current CPI (Jan. 2024) = 148.3109.

LPP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -26.796 101.262 -39.246
201406 8.443 101.180 12.376
201409 -6.417 100.611 -9.459
201412 16.987 100.122 25.163
201503 -40.344 100.041 -59.810
201506 13.957 100.448 20.607
201509 -19.454 99.634 -28.958
201512 14.770 99.471 22.022
201603 -31.195 98.983 -46.741
201606 24.760 99.552 36.887
201609 5.136 99.064 7.689
201612 59.461 100.366 87.865
201703 -26.865 101.018 -39.442
201706 45.896 101.180 67.275
201709 1.170 101.343 1.712
201712 38.279 102.564 55.353
201803 -12.674 102.564 -18.327
201806 36.555 103.378 52.443
201809 28.514 103.378 40.907
201812 1.174 103.785 1.678
201903 -9.091 104.274 -12.930
201906 38.943 105.983 54.496
201909 18.978 105.983 26.558
202001 0.000 108.099 0.000
202004 -61.556 108.995 -83.760
202007 77.043 109.158 104.677
202010 65.614 109.402 88.950
202101 -48.241 110.948 -64.486
202104 25.146 113.553 32.843
202107 81.727 114.449 105.908
202110 73.868 116.891 93.724
202201 -28.509 121.368 -34.838
202204 -71.604 127.554 -83.256
202207 -59.759 132.357 -66.962
202210 42.042 137.973 45.192
202301 19.435 142.613 20.212
202304 111.983 147.009 112.975
202307 90.436 146.683 91.440
202310 103.508 146.520 104.773
202401 109.791 148.311 109.791

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


LPP  (FRA:1RY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3988.00/81.26
=49.08

* 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 LPP was 138.77. The lowest was 31.78. And the median was 70.18.


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.


LPP Cyclically Adjusted FCF per Share Related Terms

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


LPP (FRA:1RY) Business Description

Traded in Other Exchanges
Address
ul. Lakowa 39/44, Gdansk, POL, 80-769
LPP SA makes and sells clothing, footwear, bags, and accessories in Central and Eastern Europe. LPP has nearly 1,500 company-branded retail stores, which serve as the company's primary sales channel. Brands include Reserved, Cropp, House, Mohito, and Sinsay. Reserved stores account for roughly half of the company's sales volume. Geographically, most sales are in Poland, and Poland and Russia account for more than 80% of total sales. LPP purchases most of its materials in Asia, and the company's manufacturers are primarily located in China.

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