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Fast Retailing Co (HKSE:06288) Cyclically Adjusted Price-to-FCF : 50.13 (As of Jun. 08, 2024)


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What is Fast Retailing Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Fast Retailing Co's current share price is HK$20.05. Fast Retailing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was HK$0.40. Fast Retailing Co's Cyclically Adjusted Price-to-FCF for today is 50.13.

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

HKSE:06288' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 35.32   Med: 53.6   Max: 86.87
Current: 54.64

During the past years, Fast Retailing Co's highest Cyclically Adjusted Price-to-FCF was 86.87. The lowest was 35.32. And the median was 53.60.

HKSE:06288's Cyclically Adjusted Price-to-FCF is ranked worse than
88.58% of 438 companies
in the Retail - Cyclical industry
Industry Median: 13.25 vs HKSE:06288: 54.64

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.

Fast Retailing Co's adjusted free cash flow per share data for the three months ended in Feb. 2024 was HK$0.337. 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 HK$0.40 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fast Retailing Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fast Retailing 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.

Fast Retailing Co Cyclically Adjusted Price-to-FCF Chart

Fast Retailing Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.22 56.40 50.75 47.73 48.86

Fast Retailing Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 46.08 51.48 48.86 53.09 57.54

Competitive Comparison of Fast Retailing Co's Cyclically Adjusted Price-to-FCF

For the Apparel Retail subindustry, Fast Retailing 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.


Fast Retailing Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

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



Fast Retailing 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.

Fast Retailing Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=20.05/0.4
=50.13

* 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.

Fast Retailing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Fast Retailing Co's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.337/106.9000*106.9000
=0.337

Current CPI (Feb. 2024) = 106.9000.

Fast Retailing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 -0.009 98.100 -0.010
201408 -0.038 98.300 -0.041
201411 0.119 97.900 0.130
201502 0.308 97.600 0.337
201505 -0.117 98.700 -0.127
201508 -0.122 98.400 -0.133
201511 0.093 98.100 0.101
201602 0.171 97.800 0.187
201605 -0.055 98.200 -0.060
201608 -0.109 97.900 -0.119
201611 0.205 98.600 0.222
201702 0.226 98.100 0.246
201705 0.043 98.600 0.047
201708 -0.096 98.500 -0.104
201711 0.246 99.100 0.265
201802 0.215 99.500 0.231
201805 0.059 99.300 0.064
201808 -0.224 99.800 -0.240
201811 0.027 100.000 0.029
201902 0.431 99.700 0.462
201905 0.089 100.000 0.095
201908 -0.004 100.000 -0.004
201911 0.177 100.500 0.188
202002 0.287 100.300 0.306
202005 -0.191 100.100 -0.204
202008 0.182 100.100 0.194
202011 0.297 99.500 0.319
202102 0.461 99.800 0.494
202105 -0.010 99.400 -0.011
202108 0.095 99.700 0.102
202111 0.143 100.100 0.153
202202 0.355 100.700 0.377
202205 0.101 101.800 0.106
202208 0.140 102.700 0.146
202211 -0.042 103.900 -0.043
202302 0.280 104.000 0.288
202305 0.213 105.100 0.217
202308 0.227 105.900 0.229
202311 0.131 106.900 0.131
202402 0.337 106.900 0.337

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.


Fast Retailing Co  (HKSE:06288) 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.


Fast Retailing Co Cyclically Adjusted Price-to-FCF Related Terms

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Fast Retailing Co (HKSE:06288) Business Description

Traded in Other Exchanges
Address
10717-1 Sayama, Yamaguchi, Yamaguchi, JPN, 754-0894
Fast Retailing Co Ltd is Japan's apparel company, operating the casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. The business is founded on a private-label apparel model whereby Fast Retailing is in charge of product design, production, and sales. Fast Retailing is ranked the third-largest apparel company by sales globally, it runs 3,630 stores globally, including 813 and 1,439 Uniqlo stores in Japan and overseas, respectively. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, Princesse Tam Tam (French lingerie), and J Brand (premium denim).
Executives
Yanai Tadashi 2101 Beneficial owner
Yanai Koji 2101 Beneficial owner
Yanai Kazumi 2101 Beneficial owner

Fast Retailing Co (HKSE:06288) Headlines

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