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Landstar System (FRA:LDS) Cyclically Adjusted FCF per Share : €7.00 (As of Mar. 2024)


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What is Landstar System 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.

Landstar System's adjusted free cash flow per share for the three months ended in Mar. 2024 was €2.186. 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 €7.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Landstar System's average Cyclically Adjusted FCF Growth Rate was 11.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.40% 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 Landstar System was 33.30% per year. The lowest was 4.60% per year. And the median was 11.90% per year.

As of today (2024-05-18), Landstar System's current stock price is €170.00. Landstar System's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €7.00. Landstar System's Cyclically Adjusted Price-to-FCF of today is 24.29.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Landstar System was 38.93. The lowest was 17.91. And the median was 27.09.


Landstar System Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Landstar System'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.

Landstar System Cyclically Adjusted FCF per Share Chart

Landstar System 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 3.58 3.54 4.49 6.33 6.83

Landstar System 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 6.28 6.58 7.03 6.83 7.00

Competitive Comparison of Landstar System's Cyclically Adjusted FCF per Share

For the Integrated Freight & Logistics subindustry, Landstar System'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.


Landstar System's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Landstar System 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, Landstar System'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)
=2.186/131.7762*131.7762
=2.186

Current CPI (Mar. 2024) = 131.7762.

Landstar System Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.011 100.560 -0.014
201409 0.885 100.428 1.161
201412 0.502 99.070 0.668
201503 0.967 99.621 1.279
201506 0.650 100.684 0.851
201509 1.335 100.392 1.752
201512 1.434 99.792 1.894
201603 1.505 100.470 1.974
201606 0.525 101.688 0.680
201609 1.210 101.861 1.565
201612 0.320 101.863 0.414
201703 1.268 102.862 1.624
201706 0.343 103.349 0.437
201709 1.004 104.136 1.270
201712 -0.002 104.011 -0.003
201803 1.314 105.290 1.645
201806 0.840 106.317 1.041
201809 1.833 106.507 2.268
201812 1.980 105.998 2.462
201903 2.574 107.251 3.163
201906 1.285 108.070 1.567
201909 1.622 108.329 1.973
201912 0.978 108.420 1.189
202003 2.150 108.902 2.602
202006 2.020 108.767 2.447
202009 -0.455 109.815 -0.546
202012 0.428 109.897 0.513
202103 1.439 111.754 1.697
202106 1.348 114.631 1.550
202109 1.562 115.734 1.779
202112 1.285 117.630 1.440
202203 2.217 121.301 2.408
202206 2.841 125.017 2.995
202209 5.924 125.227 6.234
202212 4.773 125.222 5.023
202303 3.447 127.348 3.567
202306 1.189 128.729 1.217
202309 2.848 129.860 2.890
202312 2.038 129.419 2.075
202403 2.186 131.776 2.186

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


Landstar System  (FRA:LDS) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=170.00/7
=24.29

* 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 Landstar System was 38.93. The lowest was 17.91. And the median was 27.09.


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.


Landstar System Cyclically Adjusted FCF per Share Related Terms

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


Landstar System (FRA:LDS) Business Description

Industry
Traded in Other Exchanges
Address
13410 Sutton Park Drive South, Jacksonville, FL, USA, 32224
Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, roughly half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.

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