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Zalando SE (WAR:ZAL) Cyclically Adjusted Price-to-FCF : 45.70 (As of Jun. 10, 2024)


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What is Zalando SE Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Zalando SE's current share 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 for today is 45.70.

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

WAR:ZAL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.2   Med: 95.33   Max: 290.82
Current: 44.03

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

WAR:ZAL's Cyclically Adjusted Price-to-FCF is ranked worse than
85.62% of 438 companies
in the Retail - Cyclical industry
Industry Median: 13.25 vs WAR:ZAL: 44.03

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 adjusted free cash flow per share data for the three months ended in Mar. 2024 was zł-2.374. 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 zł2.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zalando SE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zalando SE'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.

Zalando SE Cyclically Adjusted Price-to-FCF Chart

Zalando SE 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 - - - 94.77 38.53

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 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 146.77 67.45 64.57 38.53 49.80

Competitive Comparison of Zalando SE's Cyclically Adjusted Price-to-FCF

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 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.

Zalando SE's Cyclically Adjusted Price-to-FCF for 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.

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

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)
=-2.374/125.0381*125.0381
=-2.374

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 1.879 99.823 2.354
201412 1.383 99.543 1.737
201503 -0.333 99.717 -0.418
201506 0.429 100.417 0.534
201509 -0.027 100.417 -0.034
201512 0.965 99.717 1.210
201603 -0.639 100.017 -0.799
201606 1.989 100.717 2.469
201609 0.276 101.017 0.342
201612 -0.011 101.217 -0.014
201703 -1.590 101.417 -1.960
201706 0.469 102.117 0.574
201709 0.849 102.717 1.033
201712 -0.577 102.617 -0.703
201803 -2.329 102.917 -2.830
201806 0.249 104.017 0.299
201809 -1.649 104.718 -1.969
201812 1.825 104.217 2.190
201903 -1.820 104.217 -2.184
201906 1.574 105.718 1.862
201909 -1.441 106.018 -1.700
201912 1.756 105.818 2.075
202003 -5.541 105.718 -6.554
202006 5.966 106.618 6.997
202009 3.210 105.818 3.793
202012 1.194 105.518 1.415
202103 -2.766 107.518 -3.217
202106 5.418 108.486 6.245
202109 -4.129 109.435 -4.718
202112 6.268 110.384 7.100
202203 -9.132 113.968 -10.019
202206 1.012 115.760 1.093
202209 1.015 118.818 1.068
202212 8.224 119.345 8.616
202303 -3.421 122.402 -3.495
202306 5.516 123.140 5.601
202309 -2.374 124.195 -2.390
202312 10.444 123.773 10.551
202403 -2.374 125.038 -2.374

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.


Zalando SE  (WAR:ZAL) 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.


Zalando SE Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Zalando SE's Cyclically Adjusted Price-to-FCF 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.

Zalando SE (WAR:ZAL) Headlines

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