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Americanas (BSP:AMER3) Cyclically Adjusted Price-to-FCF : (As of May. 18, 2024)


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What is Americanas Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Americanas Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Americanas's Cyclically Adjusted Price-to-FCF 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.

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Americanas Cyclically Adjusted Price-to-FCF Chart

Americanas Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Americanas Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Americanas's Cyclically Adjusted Price-to-FCF

For the Internet Retail subindustry, Americanas'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.


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

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

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



Americanas Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Americanas's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Americanas'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)
=-0.186/155.4635*155.4635
=-0.186

Current CPI (Sep. 2023) = 155.4635.

Americanas Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.361 88.522 -0.634
201403 -1.719 90.447 -2.955
201406 -3.748 91.838 -6.345
201409 -2.434 92.602 -4.086
201412 1.485 94.194 2.451
201503 -1.969 97.799 -3.130
201506 -1.175 100.006 -1.827
201509 -1.589 101.392 -2.436
201512 1.077 104.247 1.606
201603 -2.156 106.979 -3.133
201606 -2.212 108.851 -3.159
201609 -1.683 109.986 -2.379
201612 1.340 110.802 1.880
201703 -2.714 111.869 -3.772
201706 -0.147 112.115 -0.204
201709 0.101 112.777 0.139
201712 0.340 114.068 0.463
201803 -1.222 114.868 -1.654
201806 0.580 117.038 0.770
201809 0.092 117.881 0.121
201812 0.818 118.340 1.075
201903 -1.229 120.124 -1.591
201906 -0.054 120.977 -0.069
201909 -0.007 121.292 -0.009
201912 0.625 123.436 0.787
202003 -0.787 124.092 -0.986
202006 0.159 123.557 0.200
202009 -1.577 125.095 -1.960
202012 1.040 129.012 1.253
202103 -1.242 131.660 -1.467
202106 -1.218 133.871 -1.414
202109 -1.518 137.913 -1.711
202112 -1.122 141.992 -1.228
202203 -0.001 146.537 -0.001
202206 -0.500 149.784 -0.519
202209 -1.985 147.800 -2.088
202212 -5.182 150.207 -5.363
202303 -0.004 153.352 -0.004
202306 1.058 154.519 1.064
202309 -0.186 155.464 -0.186

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


Americanas  (BSP:AMER3) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Americanas Cyclically Adjusted Price-to-FCF Related Terms

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Americanas (BSP:AMER3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Sacadura Cabral, 102, Rio de Janeiro, RJ, BRA, 20081-902
Americanas SA is an e-commerce company that is principally engaged in business in Latin America. It aims to connect consumers, businesses, products, and services through a digital platform. It operates a business through the brands Americanas.com, Submarino, Shoptime, SouBarato, Digital Finance, Submarino Finance, and B2W Services. It also has certain channels, including the Internet, telesales, catalogs, TV, and kiosks. Through multichannel and multi-brand, the company provides a broad range of merchandise and services, including consumer electronics, computers, books, entertainment products, and smartphones and cellphones.

Americanas (BSP:AMER3) Headlines

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