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Thor Industries (STU:TIV) Cyclically Adjusted FCF per Share : €7.66 (As of Jan. 2024)


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What is Thor Industries 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.

Thor Industries's adjusted free cash flow per share for the three months ended in Jan. 2024 was €-2.473. 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 €7.66 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Thor Industries's average Cyclically Adjusted FCF Growth Rate was 14.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 21.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 19.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.50% 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 Thor Industries was 71.00% per year. The lowest was 6.40% per year. And the median was 18.20% per year.

As of today (2024-05-24), Thor Industries's current stock price is €87.88. Thor Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €7.66. Thor Industries's Cyclically Adjusted Price-to-FCF of today is 11.47.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Thor Industries was 55.50. The lowest was 8.95. And the median was 23.31.


Thor Industries Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Thor Industries'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.

Thor Industries Cyclically Adjusted FCF per Share Chart

Thor Industries Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.63 3.88 4.56 6.85 7.50

Thor Industries 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 6.46 6.88 7.50 7.71 7.66

Competitive Comparison of Thor Industries's Cyclically Adjusted FCF per Share

For the Recreational Vehicles subindustry, Thor Industries'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.


Thor Industries's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Thor Industries 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, Thor Industries'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)
=-2.473/130.1244*130.1244
=-2.473

Current CPI (Jan. 2024) = 130.1244.

Thor Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.305 100.023 -0.397
201407 2.378 100.520 3.078
201410 0.613 100.176 0.796
201501 -0.072 98.604 -0.095
201504 0.438 99.824 0.571
201507 2.469 100.691 3.191
201510 0.050 100.346 0.065
201601 0.427 99.957 0.556
201604 1.309 100.947 1.687
201607 3.158 101.524 4.048
201610 -0.429 101.988 -0.547
201701 0.478 102.456 0.607
201704 1.794 103.167 2.263
201707 3.298 103.278 4.155
201710 -0.336 104.070 -0.420
201801 0.228 104.578 0.284
201804 1.593 105.708 1.961
201807 3.742 106.324 4.580
201810 -0.827 106.695 -1.009
201901 2.156 106.200 2.642
201904 0.197 107.818 0.238
201907 4.615 108.250 5.548
201910 -1.362 108.577 -1.632
202001 0.580 108.841 0.693
202004 3.447 108.173 4.146
202007 4.294 109.318 5.111
202010 -1.622 109.861 -1.921
202101 -0.453 110.364 -0.534
202104 3.459 112.673 3.995
202107 4.596 115.183 5.192
202110 -0.022 116.696 -0.025
202201 2.886 118.619 3.166
202204 4.819 121.978 5.141
202207 5.063 125.002 5.270
202210 0.718 125.734 0.743
202301 0.797 126.223 0.822
202304 4.055 127.992 4.123
202307 7.549 128.974 7.616
202310 0.377 129.810 0.378
202401 -2.473 130.124 -2.473

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


Thor Industries  (STU:TIV) 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.

Thor Industries's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=87.88/7.66
=11.47

* 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 Thor Industries was 55.50. The lowest was 8.95. And the median was 23.31.


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.


Thor Industries Cyclically Adjusted FCF per Share Related Terms

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


Thor Industries (STU:TIV) Business Description

Traded in Other Exchanges
Address
601 East Beardsley Avenue, Elkhart, IN, USA, 46514-3305
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.

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