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LY (STU:YOJ) Cyclically Adjusted FCF per Share : €0.09 (As of Mar. 2024)


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What is LY 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.

LY's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.019. 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 €0.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, LY's average Cyclically Adjusted FCF Growth Rate was 15.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -4.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.50% 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 LY was 7.10% per year. The lowest was -6.00% per year. And the median was -0.70% per year.

As of today (2024-06-01), LY's current stock price is €2.16. LY's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.09. LY's Cyclically Adjusted Price-to-FCF of today is 24.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of LY was 46.88. The lowest was 18.04. And the median was 28.80.


LY Cyclically Adjusted FCF per Share Historical Data

The historical data trend for LY'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.

LY Cyclically Adjusted FCF per Share Chart

LY Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.14 0.12 0.09 0.09

LY 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 0.09 0.10 0.09

Competitive Comparison of LY's Cyclically Adjusted FCF per Share

For the Internet Retail subindustry, LY'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.


LY's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

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



LY 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, LY'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)
=0.019/107.2000*107.2000
=0.019

Current CPI (Mar. 2024) = 107.2000.

LY Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.003 98.000 -0.003
201409 0.063 98.500 0.069
201412 0.003 97.900 0.003
201503 0.070 97.900 0.077
201506 0.010 98.400 0.011
201509 0.049 98.500 0.053
201512 0.003 98.100 0.003
201603 0.028 97.900 0.031
201606 -0.008 98.100 -0.009
201609 0.056 98.000 0.061
201612 0.005 98.400 0.005
201703 0.052 98.100 0.057
201706 0.002 98.500 0.002
201709 0.026 98.800 0.028
201712 -0.016 99.400 -0.017
201803 -0.028 99.200 -0.030
201806 0.003 99.200 0.003
201809 0.025 99.900 0.027
201812 0.023 99.700 0.025
201903 0.105 99.700 0.113
201906 -0.040 99.800 -0.043
201909 0.042 100.100 0.045
201912 -0.043 100.500 -0.046
202003 0.322 100.300 0.344
202006 -0.034 99.900 -0.036
202009 0.343 99.900 0.368
202012 -0.080 99.300 -0.086
202103 0.002 99.900 0.002
202106 0.029 99.500 0.031
202109 0.000 100.100 0.000
202112 0.020 100.100 0.021
202203 -0.055 101.100 -0.058
202206 0.005 101.800 0.005
202209 0.009 103.100 0.009
202212 0.111 104.100 0.114
202303 -0.214 104.400 -0.220
202306 0.005 105.200 0.005
202309 0.060 106.200 0.061
202312 0.161 106.800 0.162
202403 0.019 107.200 0.019

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


LY  (STU:YOJ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.16/0.09
=24.00

* 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 LY was 46.88. The lowest was 18.04. And the median was 28.80.


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.


LY Cyclically Adjusted FCF per Share Related Terms

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


LY (STU:YOJ) Business Description

Industry
Address
Tokyo Kioicho Kioi Tower, 1-3 Kioicho Chiyoda Ward, Tokyo Garden Terrace, Tokyo, JPN, 102 - 8282
LY Corp's portal site, Yahoo Japan, was one of the first internet services in Japan, and it has maintained its market-leading position in terms of monthly active user numbers and page views. In addition, the company offers a variety of internet services, including e-commerce, online travel, and online video. In October 2013, the firm began a new e-commerce strategy of waiving store tenant fees and sales royalty fees on its Yahoo Shopping service to compete with Rakuten and Amazon Japan. The company acquired Zozo in 2019 and integrates Line in 2021.

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