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TFI International (FRA:9TF) Cyclically Adjusted FCF per Share : €3.70 (As of Mar. 2024)


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What is TFI International 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.

TFI International's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.323. 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 €3.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TFI International's average Cyclically Adjusted FCF Growth Rate was 19.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 25.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 23.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 13.50% 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 TFI International was 35.30% per year. The lowest was 5.50% per year. And the median was 11.00% per year.

As of today (2024-06-04), TFI International's current stock price is €120.00. TFI International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.70. TFI International's Cyclically Adjusted Price-to-FCF of today is 32.43.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TFI International was 44.88. The lowest was 12.44. And the median was 20.32.


TFI International Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TFI International'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.

TFI International Cyclically Adjusted FCF per Share Chart

TFI International 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 1.44 1.70 2.39 3.00 3.49

TFI International 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 3.10 3.33 3.48 3.49 3.70

Competitive Comparison of TFI International's Cyclically Adjusted FCF per Share

For the Trucking subindustry, TFI International'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.


TFI International's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TFI International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



TFI International 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, TFI International'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)
=1.323/126.2576*126.2576
=1.323

Current CPI (Mar. 2024) = 126.2576.

TFI International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.261 99.473 0.331
201409 0.579 99.394 0.735
201412 0.696 98.367 0.893
201503 0.231 99.789 0.292
201506 0.230 100.500 0.289
201509 0.462 100.421 0.581
201512 0.841 99.947 1.062
201603 0.058 101.054 0.072
201606 0.490 102.002 0.607
201609 0.479 101.765 0.594
201612 0.589 101.449 0.733
201703 -0.287 102.634 -0.353
201706 0.025 103.029 0.031
201709 0.325 103.345 0.397
201712 0.365 103.345 0.446
201803 0.129 105.004 0.155
201806 0.557 105.557 0.666
201809 0.507 105.636 0.606
201812 0.359 105.399 0.430
201903 0.824 106.979 0.972
201906 0.436 107.690 0.511
201909 0.671 107.611 0.787
201912 0.397 107.769 0.465
202003 1.175 107.927 1.375
202006 1.482 108.401 1.726
202009 0.941 108.164 1.098
202012 0.891 108.559 1.036
202103 1.028 110.298 1.177
202106 2.056 111.720 2.324
202109 1.254 112.905 1.402
202112 0.801 113.774 0.889
202203 0.443 117.646 0.475
202206 1.762 120.806 1.842
202209 2.940 120.648 3.077
202212 1.436 120.964 1.499
202303 1.646 122.702 1.694
202306 1.224 124.203 1.244
202309 1.700 125.230 1.714
202312 2.355 125.072 2.377
202403 1.323 126.258 1.323

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


TFI International  (FRA:9TF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=120.00/3.7
=32.43

* 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 TFI International was 44.88. The lowest was 12.44. And the median was 20.32.


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.


TFI International Cyclically Adjusted FCF per Share Related Terms

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


TFI International (FRA:9TF) Business Description

Industry
Traded in Other Exchanges
Address
8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6
TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.

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