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Designer Brands (FRA:D9W) Cyclically Adjusted FCF per Share : €1.78 (As of Apr. 2024)


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What is Designer Brands 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.

Designer Brands's adjusted free cash flow per share for the three months ended in Apr. 2024 was €-0.557. 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 €1.78 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Designer Brands's average Cyclically Adjusted FCF Growth Rate was -5.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.70% 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 Designer Brands was 10.90% per year. The lowest was 2.60% per year. And the median was 4.55% per year.

As of today (2024-06-08), Designer Brands's current stock price is €7.05. Designer Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was €1.78. Designer Brands's Cyclically Adjusted Price-to-FCF of today is 3.96.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Designer Brands was 40.80. The lowest was 2.18. And the median was 12.90.


Designer Brands Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Designer Brands'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.

Designer Brands Cyclically Adjusted FCF per Share Chart

Designer Brands Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 1.43 1.64 1.79 1.77

Designer Brands Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 1.83 1.87 2.06 1.77 1.78

Competitive Comparison of Designer Brands's Cyclically Adjusted FCF per Share

For the Footwear & Accessories subindustry, Designer Brands'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.


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

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=-0.557/131.7762*131.7762
=-0.557

Current CPI (Apr. 2024) = 131.7762.

Designer Brands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 0.498 100.520 0.653
201410 0.082 100.176 0.108
201501 0.383 98.604 0.512
201504 0.234 99.824 0.309
201507 0.415 100.691 0.543
201510 0.019 100.346 0.025
201601 0.811 99.957 1.069
201604 -0.173 100.947 -0.226
201607 0.278 101.524 0.361
201610 0.312 101.988 0.403
201701 1.023 102.456 1.316
201704 -0.127 103.167 -0.162
201707 0.295 103.278 0.376
201710 0.871 104.070 1.103
201801 0.363 104.578 0.457
201804 0.072 105.708 0.090
201807 0.718 106.324 0.890
201810 0.257 106.695 0.317
201901 0.123 106.200 0.153
201904 -0.317 107.818 -0.387
201907 0.262 108.250 0.319
201910 0.800 108.577 0.971
202001 0.746 108.841 0.903
202004 -0.692 108.173 -0.843
202007 -0.575 109.318 -0.693
202010 -0.370 109.861 -0.444
202101 3.081 110.364 3.679
202104 -0.076 112.673 -0.089
202107 0.981 115.183 1.122
202110 0.661 116.696 0.746
202201 0.048 118.619 0.053
202204 -0.637 121.978 -0.688
202207 0.487 125.002 0.513
202210 0.181 125.734 0.190
202301 2.037 126.223 2.127
202304 0.111 127.992 0.114
202307 1.364 128.974 1.394
202310 0.786 129.810 0.798
202401 -0.841 130.124 -0.852
202404 -0.557 131.776 -0.557

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


Designer Brands  (FRA:D9W) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.05/1.78
=3.96

* 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 Designer Brands was 40.80. The lowest was 2.18. And the median was 12.90.


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.


Designer Brands Cyclically Adjusted FCF per Share Related Terms

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


Designer Brands (FRA:D9W) Business Description

Traded in Other Exchanges
Address
810 DSW Drive, Columbus, OH, USA, 43219
Designer Brands Inc is a designer, producer and retailer of footwear and accessories. The company operates in three reportable segments: the U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment operates the DSW Designer Shoe Warehouse banner through its direct-to-consumer U.S. stores and e-commerce site. The Canada Retail segment operates The Shoe Company and DSW banners through its direct-to-consumer Canada stores and e-commerce sites. The Brand Portfolio segment earns revenue from the sale of wholesale products to retailers, commissions for serving retailers as the design and buying agent for products under private labels and the sale of branded products through its direct-to-consumer e-commerce site at www.vincecamuto.com.

Designer Brands (FRA:D9W) Headlines

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