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Smith & Wesson Brands (FRA:SWS) Cyclically Adjusted FCF per Share : €1.64 (As of Jan. 2024)


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What is Smith & Wesson 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.

Smith & Wesson Brands's adjusted free cash flow per share for the three months ended in Jan. 2024 was €0.142. 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 €1.64 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Smith & Wesson Brands's average Cyclically Adjusted FCF Growth Rate was -2.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 17.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 24.80% 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 Smith & Wesson Brands was 166.80% per year. The lowest was 7.50% per year. And the median was 31.60% per year.

As of today (2024-05-21), Smith & Wesson Brands's current stock price is €14.59. Smith & Wesson Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €1.64. Smith & Wesson Brands's Cyclically Adjusted Price-to-FCF of today is 8.90.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Smith & Wesson Brands was 60.58. The lowest was 4.51. And the median was 12.33.


Smith & Wesson Brands Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Smith & Wesson 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.

Smith & Wesson Brands Cyclically Adjusted FCF per Share Chart

Smith & Wesson Brands Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.31 1.37 1.87 1.62

Smith & Wesson Brands Quarterly Data
Apr19 Jul19 Oct19 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 1.63 1.62 1.64 1.60 1.64

Competitive Comparison of Smith & Wesson Brands's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, Smith & Wesson 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.


Smith & Wesson Brands's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Smith & Wesson Brands's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Smith & Wesson 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, Smith & Wesson Brands'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)
=0.142/130.1244*130.1244
=0.142

Current CPI (Jan. 2024) = 130.1244.

Smith & Wesson Brands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.289 100.023 0.376
201407 -0.051 100.520 -0.066
201410 -0.301 100.176 -0.391
201501 0.475 98.604 0.627
201504 1.352 99.824 1.762
201507 0.141 100.691 0.182
201510 -0.070 100.346 -0.091
201601 0.762 99.957 0.992
201604 1.358 100.947 1.751
201607 0.393 101.524 0.504
201610 0.206 101.988 0.263
201701 0.698 102.456 0.886
201704 0.133 103.167 0.168
201707 -0.632 103.278 -0.796
201710 -0.023 104.070 -0.029
201801 0.329 104.578 0.409
201804 0.913 105.708 1.124
201807 0.055 106.324 0.067
201810 -0.226 106.695 -0.276
201901 0.083 106.200 0.102
201904 0.507 107.818 0.612
201907 -0.537 108.250 -0.646
201910 -0.170 108.577 -0.204
202001 0.125 108.841 0.149
202004 1.940 108.173 2.334
202007 1.199 109.318 1.427
202010 0.646 109.861 0.765
202101 0.838 110.364 0.988
202104 1.830 112.673 2.113
202107 1.781 115.183 2.012
202110 -0.144 116.696 -0.161
202201 0.035 118.619 0.038
202204 0.334 121.978 0.356
202207 -0.096 125.002 -0.100
202210 -1.395 125.734 -1.444
202301 -0.367 126.223 -0.378
202304 0.255 127.992 0.259
202307 0.166 128.974 0.167
202310 -0.774 129.810 -0.776
202401 0.142 130.124 0.142

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


Smith & Wesson Brands  (FRA:SWS) 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.

Smith & Wesson Brands's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.59/1.64
=8.90

* 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 Smith & Wesson Brands was 60.58. The lowest was 4.51. And the median was 12.33.


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.


Smith & Wesson Brands Cyclically Adjusted FCF per Share Related Terms

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


Smith & Wesson Brands (FRA:SWS) Business Description

Traded in Other Exchanges
Address
2100 Roosevelt Avenue, Springfield, MA, USA, 01104
Smith & Wesson Brands Inc is a U.S.-based leader in firearm manufacturing. It operates under one reportable segment: Firearms, which includes firearms distribution and manufacturing services. The company manufactures handguns, long guns, sporting rifles, shooting gear, and suppressor products. The firm's brand portfolio consists of Smith and Wesson, M&P, Thompson/Center Arms, Performance Center, and Gemtech; which are used for defense, law enforcement, hunting, and sporting purposes. The company operates internationally, with the majority of income generated by the U.S. market from its handgun products.

Smith & Wesson Brands (FRA:SWS) Headlines

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