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Steven Madden (FRA:SJM) Cyclically Adjusted FCF per Share : €1.93 (As of Mar. 2024)


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What is Steven Madden 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.

Steven Madden's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.249. 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 €1.93 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Steven Madden's average Cyclically Adjusted FCF Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 12.10% 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 Steven Madden was 50.40% per year. The lowest was 8.50% per year. And the median was 20.40% per year.

As of today (2024-06-09), Steven Madden's current stock price is €41.20. Steven Madden's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.93. Steven Madden's Cyclically Adjusted Price-to-FCF of today is 21.35.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Steven Madden was 45.77. The lowest was 12.68. And the median was 25.00.


Steven Madden Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Steven Madden'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.

Steven Madden Cyclically Adjusted FCF per Share Chart

Steven Madden 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 1.34 1.15 1.46 1.82 1.96

Steven Madden 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 1.75 1.89 1.92 1.96 1.93

Competitive Comparison of Steven Madden's Cyclically Adjusted FCF per Share

For the Footwear & Accessories subindustry, Steven Madden'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.


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

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

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



Steven Madden 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, Steven Madden'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)
=-0.249/131.7762*131.7762
=-0.249

Current CPI (Mar. 2024) = 131.7762.

Steven Madden Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.326 100.560 0.427
201409 0.014 100.428 0.018
201412 0.631 99.070 0.839
201503 -0.061 99.621 -0.081
201506 0.498 100.684 0.652
201509 -0.085 100.392 -0.112
201512 0.815 99.792 1.076
201603 0.108 100.470 0.142
201606 0.390 101.688 0.505
201609 0.105 101.861 0.136
201612 0.828 101.863 1.071
201703 0.056 102.862 0.072
201706 0.376 103.349 0.479
201709 -0.179 104.136 -0.227
201712 1.171 104.011 1.484
201803 -0.284 105.290 -0.355
201806 0.693 106.317 0.859
201809 -0.014 106.507 -0.017
201812 1.064 105.998 1.323
201903 -0.201 107.251 -0.247
201906 0.767 108.070 0.935
201909 0.223 108.329 0.271
201912 1.528 108.420 1.857
202003 -0.492 108.902 -0.595
202006 1.091 108.767 1.322
202009 -0.632 109.815 -0.758
202012 0.445 109.897 0.534
202103 0.035 111.754 0.041
202106 0.867 114.631 0.997
202109 0.026 115.734 0.030
202112 0.667 117.630 0.747
202203 -0.285 121.301 -0.310
202206 0.698 125.017 0.736
202209 0.282 125.227 0.297
202212 2.404 125.222 2.530
202303 -0.210 127.348 -0.217
202306 1.128 128.729 1.155
202309 -0.134 129.860 -0.136
202312 1.820 129.419 1.853
202403 -0.249 131.776 -0.249

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


Steven Madden  (FRA:SJM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=41.20/1.93
=21.35

* 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 Steven Madden was 45.77. The lowest was 12.68. And the median was 25.00.


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.


Steven Madden Cyclically Adjusted FCF per Share Related Terms

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


Steven Madden (FRA:SJM) Business Description

Traded in Other Exchanges
Address
52-16 Barnett Avenue, Long Island City, NY, USA, 11104
Steven Madden Ltd designs and sells brand-name and private-label footwear and accessories. Its products are geared toward fashion-conscious adults and children. The company sells its products through department stores and other retailers as well as its own stores and websites. Nearly all of the company's revenue comes from three of its segments. The wholesale footwear segment accounts for the majority of revenue.