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Amazon.com (NEOE:AMZN) Cyclically Adjusted FCF per Share : C$0.14 (As of Mar. 2024)


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What is Amazon.com 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.

Amazon.com's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$0.051. 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 C$0.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Amazon.com's average Cyclically Adjusted FCF Growth Rate was 59.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 21.40% 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 Amazon.com was 100.00% per year. The lowest was 2.30% per year. And the median was 27.70% per year.

As of today (2024-05-14), Amazon.com's current stock price is C$22.43. Amazon.com's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.14. Amazon.com's Cyclically Adjusted Price-to-FCF of today is 160.21.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Amazon.com was 251.59. The lowest was 80.76. And the median was 157.79.


Amazon.com Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Amazon.com'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.

Amazon.com Cyclically Adjusted FCF per Share Chart

Amazon.com 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 - - 0.11 0.09 0.13

Amazon.com 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 0.09 0.09 0.10 0.13 0.14

Competitive Comparison of Amazon.com's Cyclically Adjusted FCF per Share

For the Internet Retail subindustry, Amazon.com'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.


Amazon.com's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Amazon.com's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Amazon.com 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, Amazon.com'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)
=0.051/129.4194*129.4194
=0.051

Current CPI (Mar. 2024) = 129.4194.

Amazon.com Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.005 100.560 -0.006
201409 0.005 100.428 0.006
201412 0.068 99.070 0.089
201503 -0.032 99.621 -0.042
201506 0.010 100.684 0.013
201509 0.019 100.392 0.024
201512 0.096 99.792 0.125
201603 -0.042 100.470 -0.054
201606 0.024 101.688 0.031
201609 0.037 101.861 0.047
201612 0.106 101.863 0.135
201703 -0.051 102.862 -0.064
201706 0.010 103.349 0.013
201709 0.009 104.136 0.011
201712 0.110 104.011 0.137
201803 -0.062 105.290 -0.076
201806 0.054 106.317 0.066
201809 0.067 106.507 0.081
201812 0.168 105.998 0.205
201903 -0.019 107.251 -0.023
201906 0.072 108.070 0.086
201909 0.041 108.329 0.049
201912 0.183 108.420 0.218
202003 -0.051 108.902 -0.061
202006 0.172 108.767 0.205
202009 0.011 109.815 0.013
202012 0.191 109.897 0.225
202103 -0.095 111.754 -0.110
202106 -0.018 114.631 -0.020
202109 -0.102 115.734 -0.114
202112 0.038 117.630 0.042
202203 -0.217 121.301 -0.232
202206 -0.084 125.017 -0.087
202209 -0.063 125.227 -0.065
202212 0.164 125.222 0.169
202303 -0.122 127.348 -0.124
202306 0.063 128.729 0.063
202309 0.110 129.860 0.110
202312 0.346 129.419 0.346
202403 0.051 129.419 0.051

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


Amazon.com  (NEOE:AMZN) 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.

Amazon.com's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.43/0.14
=160.21

* 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 Amazon.com was 251.59. The lowest was 80.76. And the median was 157.79.


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.


Amazon.com Cyclically Adjusted FCF per Share Related Terms

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


Amazon.com (NEOE:AMZN) Business Description

Address
410 Terry Avenue North, Seattle, WA, USA, 98109-5210
Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021. Retail-related revenue represents approximately 80% of the total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (10%-15%), advertising services (5%), and other. International segments constitute 25%-30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.

Amazon.com (NEOE:AMZN) Headlines