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Zalando SE (WAR:ZAL) Cyclically Adjusted FCF per Share : zł2.27 (As of Mar. 2024)


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What is Zalando SE 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.

Zalando SE's adjusted free cash flow per share for the three months ended in Mar. 2024 was zł-2.381. 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 zł2.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Zalando SE's average Cyclically Adjusted FCF Growth Rate was 103.80% 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 (2024-06-10), Zalando SE's current stock price is zł103.75. Zalando SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł2.27. Zalando SE's Cyclically Adjusted Price-to-FCF of today is 45.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Zalando SE was 290.82. The lowest was 29.20. And the median was 95.33.


Zalando SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Zalando SE'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.

Zalando SE Cyclically Adjusted FCF per Share Chart

Zalando SE 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 - - - - 2.40

Zalando SE 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 - 1.79 1.49 2.40 2.27

Competitive Comparison of Zalando SE's Cyclically Adjusted FCF per Share

For the Internet Retail subindustry, Zalando SE'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.


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

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

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



Zalando SE 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, Zalando SE'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)
=-2.381/125.0381*125.0381
=-2.381

Current CPI (Mar. 2024) = 125.0381.

Zalando SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.281 99.543 0.353
201409 1.884 99.823 2.360
201412 1.386 99.543 1.741
201503 -0.333 99.717 -0.418
201506 0.430 100.417 0.535
201509 -0.027 100.417 -0.034
201512 0.967 99.717 1.213
201603 -0.641 100.017 -0.801
201606 1.994 100.717 2.476
201609 0.276 101.017 0.342
201612 -0.011 101.217 -0.014
201703 -1.595 101.417 -1.966
201706 0.470 102.117 0.575
201709 0.851 102.717 1.036
201712 -0.579 102.617 -0.706
201803 -2.336 102.917 -2.838
201806 0.249 104.017 0.299
201809 -1.654 104.718 -1.975
201812 1.830 104.217 2.196
201903 -1.824 104.217 -2.188
201906 1.578 105.718 1.866
201909 -1.445 106.018 -1.704
201912 1.761 105.818 2.081
202003 -5.556 105.718 -6.571
202006 5.982 106.618 7.016
202009 3.218 105.818 3.803
202012 1.197 105.518 1.418
202103 -2.773 107.518 -3.225
202106 5.432 108.486 6.261
202109 -4.140 109.435 -4.730
202112 6.285 110.384 7.119
202203 -9.156 113.968 -10.045
202206 1.015 115.760 1.096
202209 1.018 118.818 1.071
202212 8.246 119.345 8.639
202303 -3.430 122.402 -3.504
202306 5.530 123.140 5.615
202309 -2.380 124.195 -2.396
202312 10.471 123.773 10.578
202403 -2.381 125.038 -2.381

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


Zalando SE  (WAR:ZAL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=103.75/2.27
=45.70

* 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 Zalando SE was 290.82. The lowest was 29.20. And the median was 95.33.


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.


Zalando SE Cyclically Adjusted FCF per Share Related Terms

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


Zalando SE (WAR:ZAL) Business Description

Industry
Address
Valeska-Gert-Strabe 5, Berlin, DEU, 10243
Zalando, founded in 2008, is Europe's biggest pure-play online fashion platform. Zalando is present in 25 European countries, and its major market is the DACH region, comprising Germany, Austria, and Switzerland, which accounts for around 40% of revenue. The company commands 4% of European apparel sales and 12% market share in European online apparel sales. It has 12 fulfilment centers and presents over 7,000 brands on its platform. In 2022, Zalando had over 50 million active users (more than 10% of the population in countries where the firm has a presence) and over 7 billion site visits.

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