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Rocky Brands (FRA:RCK) Cyclically Adjusted Price-to-FCF : 20.46 (As of Jun. 07, 2024)


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What is Rocky Brands Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Rocky Brands's current share price is €35.40. Rocky Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.73. Rocky Brands's Cyclically Adjusted Price-to-FCF for today is 20.46.

The historical rank and industry rank for Rocky Brands's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:RCK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.26   Med: 15.31   Max: 185.68
Current: 21.96

During the past years, Rocky Brands's highest Cyclically Adjusted Price-to-FCF was 185.68. The lowest was 5.26. And the median was 15.31.

FRA:RCK's Cyclically Adjusted Price-to-FCF is ranked worse than
57.14% of 364 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.39 vs FRA:RCK: 21.96

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.

Rocky Brands's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.114. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rocky Brands Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Rocky Brands'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.

* Premium members only.

Rocky Brands Cyclically Adjusted Price-to-FCF Chart

Rocky Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.06 21.32 104.01 62.45 19.90

Rocky Brands Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 35.82 26.84 13.65 19.90 15.68

Competitive Comparison of Rocky Brands's Cyclically Adjusted Price-to-FCF

For the Footwear & Accessories subindustry, Rocky Brands'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.


Rocky Brands's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Rocky Brands's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Rocky Brands 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.

Rocky Brands's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.40/1.73
=20.46

* 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.

Rocky Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Rocky Brands'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)
=2.114/131.7762*131.7762
=2.114

Current CPI (Mar. 2024) = 131.7762.

Rocky Brands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.611 100.560 -0.801
201409 -0.641 100.428 -0.841
201412 1.666 99.070 2.216
201503 0.013 99.621 0.017
201506 0.242 100.684 0.317
201509 -1.076 100.392 -1.412
201512 2.615 99.792 3.453
201603 0.376 100.470 0.493
201606 -0.123 101.688 -0.159
201609 -0.567 101.861 -0.734
201612 2.302 101.863 2.978
201703 1.052 102.862 1.348
201706 -0.311 103.349 -0.397
201709 -0.267 104.136 -0.338
201712 1.063 104.011 1.347
201803 1.031 105.290 1.290
201806 -0.113 106.317 -0.140
201809 -0.376 106.507 -0.465
201812 0.957 105.998 1.190
201903 0.958 107.251 1.177
201906 -0.104 108.070 -0.127
201909 -1.015 108.329 -1.235
201912 1.397 108.420 1.698
202003 1.318 108.902 1.595
202006 0.316 108.767 0.383
202009 -0.450 109.815 -0.540
202012 1.155 109.897 1.385
202103 0.193 111.754 0.228
202106 -0.048 114.631 -0.055
202109 -5.260 115.734 -5.989
202112 -3.814 117.630 -4.273
202203 1.538 121.301 1.671
202206 -3.160 125.017 -3.331
202209 -0.395 125.227 -0.416
202212 3.532 125.222 3.717
202303 2.590 127.348 2.680
202306 -0.308 128.729 -0.315
202309 1.307 129.860 1.326
202312 5.136 129.419 5.230
202403 2.114 131.776 2.114

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.


Rocky Brands  (FRA:RCK) 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.


Rocky Brands Cyclically Adjusted Price-to-FCF Related Terms

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


Rocky Brands (FRA:RCK) Business Description

Traded in Other Exchanges
Address
39 East Canal Street, Nelsonville, OH, USA, 45764
Rocky Brands Inc acts as a designer, manufacturer, and marketer of premium-quality footwear and apparel. The company's family of brands includes Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation, and the licensed brand Michelin footwear. The company operates its business through three business segments: Wholesale, Retail and Contract. It generates majority of the revenue from Wholesale segment.

Rocky Brands (FRA:RCK) Headlines

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