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Veritiv (Veritiv) Cyclically Adjusted FCF per Share : $10.46 (As of Sep. 2023)


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What is Veritiv 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.

Veritiv's adjusted free cash flow per share for the three months ended in Sep. 2023 was $8.664. 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 $10.46 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Veritiv's average Cyclically Adjusted FCF Growth Rate was 35.80% 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.

As of today (2024-05-24), Veritiv's current stock price is $169.99. Veritiv's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was $10.46. Veritiv's Cyclically Adjusted Price-to-FCF of today is 16.25.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Veritiv was 19.47. The lowest was 12.54. And the median was 15.81.


Veritiv Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Veritiv'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.

Veritiv Cyclically Adjusted FCF per Share Chart

Veritiv Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 8.16

Veritiv Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 7.70 8.16 8.59 9.15 10.46

Competitive Comparison of Veritiv's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, Veritiv'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.


Veritiv's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Veritiv's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Veritiv 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, Veritiv's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=8.664/129.8595*129.8595
=8.664

Current CPI (Sep. 2023) = 129.8595.

Veritiv Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 4.804 98.326 6.345
201403 4.191 99.695 5.459
201406 0.172 100.560 0.222
201409 -0.800 100.428 -1.034
201412 -2.186 99.070 -2.865
201503 5.163 99.621 6.730
201506 1.200 100.684 1.548
201509 -0.344 100.392 -0.445
201512 -1.731 99.792 -2.253
201603 4.100 100.470 5.299
201606 2.463 101.688 3.145
201609 -4.604 101.861 -5.869
201612 4.201 101.863 5.356
201703 -3.327 102.862 -4.200
201706 1.720 103.349 2.161
201709 -1.178 104.136 -1.469
201712 3.045 104.011 3.802
201803 -1.986 105.290 -2.449
201806 1.124 106.317 1.373
201809 -0.771 106.507 -0.940
201812 -0.265 105.998 -0.325
201903 2.277 107.251 2.757
201906 8.142 108.070 9.784
201909 4.988 108.329 5.979
201912 -0.087 108.420 -0.104
202003 4.697 108.902 5.601
202006 8.542 108.767 10.198
202009 3.029 109.815 3.582
202012 0.270 109.897 0.319
202103 0.414 111.754 0.481
202106 2.092 114.631 2.370
202109 2.316 115.734 2.599
202112 3.669 117.630 4.050
202203 -0.999 121.301 -1.069
202206 4.435 125.017 4.607
202209 6.390 125.227 6.626
202212 6.519 125.222 6.760
202303 4.949 127.348 5.047
202306 6.655 128.729 6.713
202309 8.664 129.860 8.664

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


Veritiv  (NYSE:VRTV) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=169.99/10.46
=16.25

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of Veritiv was 19.47. The lowest was 12.54. And the median was 15.81.


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.


Veritiv Cyclically Adjusted FCF per Share Related Terms

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


Veritiv (Veritiv) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1000 Abernathy Road NE, Building 400, Suite 1700, Atlanta, GA, USA, 30328
Veritiv Corp provides printing, publishing, packaging, and facility solutions. The company also provides logistics and supply chain management services. It operates in four primary segments based on the product type. The Print segment, which generates the majority of the revenue, distributes commercial printing and specialty paper products. The Publishing segment sells coated and uncoated commercial printing papers to publishers and retailers for use in magazines, books, and direct mail. The Packaging segment sells a variety of paper-based packaging products within the fiber-based, flexible and rigid categories. The Facility Solutions segment sells cleaning, breakroom, bathroom, safety, and hazard supplies. The majority of revenue comes from the United States.
Executives
Baupost Group Llc/ma 10 percent owner 10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116
Seth A Klarman 10 percent owner 10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116
Baupost Group Gp, L.l.c. 10 percent owner 10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116
Eric Guerin officer: SVP Finance 1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169
Autumn R Bayles director QNB CORP, P.O. BOX 9005, QUAKERTOWN PA 18951
Stephen E. Macadam director C/O ENPRO INDUSTRIES, INC., 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Lance D Gebert officer: Corporate Controller and PFO 1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30328
Stephen Joseph Smith officer: SVP & CFO C/O AMERICAN GREETINGS CORP, ONE AMERICAN RD, CLEVELAND OH 44144
Gregory B Morrison director 8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Susan B. Salyer officer: SVP Chief Compliance, and Sustainability Officer 1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30328
Bain Capital Investors Llc 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116
Karen Renner officer: SVP Chief Information Officer 3871 LAKEFIELD DR, SUWANEE GA 30024
Daniel B Calderwood officer: SVP Marketing & Bus. Mgmt 1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30028
Stephanie E Mayerle officer: SVP Sales 1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30028
Mary A Laschinger director, officer: CEO and Chairman 400 ATLANTIC STREET, STAMFORD CT 06921