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Macy's (WBO:MACY) Cyclically Adjusted Price-to-FCF : 5.81 (As of May. 14, 2024)


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What is Macy's Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Macy's's current share price is €18.296. Macy's's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €3.15. Macy's's Cyclically Adjusted Price-to-FCF for today is 5.81.

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

WBO:MACY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.4   Med: 9.3   Max: 26.87
Current: 5.8

During the past years, Macy's's highest Cyclically Adjusted Price-to-FCF was 26.87. The lowest was 1.40. And the median was 9.30.

WBO:MACY's Cyclically Adjusted Price-to-FCF is ranked better than
76.83% of 436 companies
in the Retail - Cyclical industry
Industry Median: 13.01 vs WBO:MACY: 5.80

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.

Macy's's adjusted free cash flow per share data for the three months ended in Jan. 2024 was €2.964. 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 €3.15 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macy's Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Macy's'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.

Macy's Cyclically Adjusted Price-to-FCF Chart

Macy's Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.64 4.60 6.75 6.30 5.43

Macy's Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 6.30 4.45 4.60 3.42 5.43

Competitive Comparison of Macy's's Cyclically Adjusted Price-to-FCF

For the Department Stores subindustry, Macy's'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.


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

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

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



Macy's 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.296/3.15
=5.81

* 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.

Macy's's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Macy's's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=2.964/129.4194*129.4194
=2.964

Current CPI (Jan. 2024) = 129.4194.

Macy's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.051 100.023 -0.066
201407 0.629 100.520 0.810
201410 -0.399 100.176 -0.515
201501 3.768 98.604 4.946
201504 -0.507 99.824 -0.657
201507 0.205 100.691 0.263
201510 -1.213 100.346 -1.564
201601 4.190 99.957 5.425
201604 -0.618 100.947 -0.792
201607 0.977 101.524 1.245
201610 -1.430 101.988 -1.815
201701 3.854 102.456 4.868
201704 0.182 103.167 0.228
201707 0.322 103.278 0.404
201710 -0.902 104.070 -1.122
201801 3.647 104.578 4.513
201804 0.348 105.708 0.426
201807 0.011 106.324 0.013
201810 -1.070 106.695 -1.298
201901 2.951 106.200 3.596
201904 -0.863 107.818 -1.036
201907 0.432 108.250 0.516
201910 -1.421 108.577 -1.694
202001 3.154 108.841 3.750
202004 -0.960 108.173 -1.149
202007 0.078 109.318 0.092
202010 0.421 109.861 0.496
202101 0.857 110.364 1.005
202104 1.036 112.673 1.190
202107 0.903 115.183 1.015
202110 -0.766 116.696 -0.850
202201 4.808 118.619 5.246
202204 -0.041 121.978 -0.044
202207 -0.943 125.002 -0.976
202210 -0.789 125.734 -0.812
202301 2.717 126.223 2.786
202304 -0.627 127.992 -0.634
202307 -0.337 128.974 -0.338
202310 -1.017 129.810 -1.014
202401 2.964 129.419 2.964

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.


Macy's  (WBO:MACY) 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.


Macy's Cyclically Adjusted Price-to-FCF Related Terms

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


Macy's (WBO:MACY) Business Description

Industry
Traded in Other Exchanges
Address
151 West 34th Street, New York, NY, USA, 10001
Founded in 1858 and based in New York City, Macy's operates about 550 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 158 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 61% of Macy's 2022 sales.

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