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Travel+Leisure Co (FRA:WD5A) Cyclically Adjusted Price-to-FCF : 7.14 (As of May. 23, 2024)


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What is Travel+Leisure Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Travel+Leisure Co's current share price is €41.20. Travel+Leisure Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.77. Travel+Leisure Co's Cyclically Adjusted Price-to-FCF for today is 7.14.

The historical rank and industry rank for Travel+Leisure Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:WD5A' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.22   Med: 8.51   Max: 14.38
Current: 6.98

During the past years, Travel+Leisure Co's highest Cyclically Adjusted Price-to-FCF was 14.38. The lowest was 3.22. And the median was 8.51.

FRA:WD5A's Cyclically Adjusted Price-to-FCF is ranked better than
83.05% of 348 companies
in the Travel & Leisure industry
Industry Median: 22.035 vs FRA:WD5A: 6.98

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.

Travel+Leisure Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.383. 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 €5.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Travel+Leisure Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Travel+Leisure Co'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.

Travel+Leisure Co Cyclically Adjusted Price-to-FCF Chart

Travel+Leisure Co 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 8.88 7.53 8.61 5.52 6.06

Travel+Leisure Co 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 6.05 6.44 5.77 6.06 7.73

Competitive Comparison of Travel+Leisure Co's Cyclically Adjusted Price-to-FCF

For the Travel Services subindustry, Travel+Leisure Co'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.


Travel+Leisure Co's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Travel+Leisure Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Travel+Leisure Co's Cyclically Adjusted Price-to-FCF falls into.



Travel+Leisure Co 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.

Travel+Leisure Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=41.20/5.77
=7.14

* 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.

Travel+Leisure Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Travel+Leisure Co'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)
=0.383/131.7762*131.7762
=0.383

Current CPI (Mar. 2024) = 131.7762.

Travel+Leisure Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.450 100.560 3.211
201409 0.339 100.428 0.445
201412 -0.007 99.070 -0.009
201503 1.492 99.621 1.974
201506 3.178 100.684 4.159
201509 0.264 100.392 0.347
201512 1.124 99.792 1.484
201603 1.717 100.470 2.252
201606 3.177 101.688 4.117
201609 0.276 101.861 0.357
201612 1.722 101.863 2.228
201703 1.852 102.862 2.373
201706 3.418 103.349 4.358
201709 -0.188 104.136 -0.238
201712 2.406 104.011 3.048
201803 0.957 105.290 1.198
201806 1.237 106.317 1.533
201809 0.241 106.507 0.298
201812 0.465 105.998 0.578
201903 1.234 107.251 1.516
201906 0.787 108.070 0.960
201909 0.296 108.329 0.360
201912 0.993 108.420 1.207
202003 0.375 108.902 0.454
202006 0.572 108.767 0.693
202009 0.759 109.815 0.911
202012 1.308 109.897 1.568
202103 0.638 111.754 0.752
202106 1.890 114.631 2.173
202109 1.264 115.734 1.439
202112 1.176 117.630 1.317
202203 1.367 121.301 1.485
202206 0.828 125.017 0.873
202209 0.302 125.227 0.318
202212 1.869 125.222 1.967
202303 -0.060 127.348 -0.062
202306 1.064 128.729 1.089
202309 0.942 129.860 0.956
202312 1.509 129.419 1.536
202403 0.383 131.776 0.383

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.


Travel+Leisure Co  (FRA:WD5A) 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.


Travel+Leisure Co Cyclically Adjusted Price-to-FCF Related Terms

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Travel+Leisure Co (FRA:WD5A) Business Description

Traded in Other Exchanges
Address
6277 Sea Harbor Drive, Orlando, FL, USA, 32821
Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts and Travel and Membership which operates a variety of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. Majority of the revenue is earned from United States.

Travel+Leisure Co (FRA:WD5A) Headlines

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