GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lennox International Inc (NYSE:LII) » Definitions » Cyclically Adjusted FCF per Share

Lennox International (Lennox International) Cyclically Adjusted FCF per Share : $9.73 (As of Mar. 2024)


View and export this data going back to 1999. Start your Free Trial

What is Lennox International Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Lennox International's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-1.461. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $9.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lennox International's average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 16.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Lennox International was 26.90% per year. The lowest was -6.00% per year. And the median was 14.10% per year.

As of today (2024-04-27), Lennox International's current stock price is $477.11. Lennox International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $9.73. Lennox International's Cyclically Adjusted Price-to-FCF of today is 49.03.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lennox International was 71.65. The lowest was 24.53. And the median was 47.57.


Lennox International Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Lennox International's Cyclically Adjusted FCF per Share 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.

Lennox International Cyclically Adjusted FCF per Share Chart

Lennox International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.99 6.14 7.60 8.22 9.50

Lennox International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 8.42 8.82 9.31 9.50 9.73

Competitive Comparison of Lennox International's Cyclically Adjusted FCF per Share

For the Building Products & Equipment subindustry, Lennox International'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.


Lennox International's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lennox International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Lennox International Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Lennox International'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)
=-1.461/129.4194*129.4194
=-1.461

Current CPI (Mar. 2024) = 129.4194.

Lennox International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.558 100.560 0.718
201409 1.596 100.428 2.057
201412 2.893 99.070 3.779
201503 -3.081 99.621 -4.003
201506 1.204 100.684 1.548
201509 3.184 100.392 4.105
201512 4.908 99.792 6.365
201603 -2.805 100.470 -3.613
201606 1.324 101.688 1.685
201609 3.078 101.861 3.911
201612 5.118 101.863 6.503
201703 -3.046 102.862 -3.832
201706 0.951 103.349 1.191
201709 3.778 104.136 4.695
201712 3.725 104.011 4.635
201803 -2.523 105.290 -3.101
201806 0.676 106.317 0.823
201809 6.113 106.507 7.428
201812 5.677 105.998 6.931
201903 -4.444 107.251 -5.363
201906 0.347 108.070 0.416
201909 5.436 108.329 6.494
201912 6.215 108.420 7.419
202003 -3.191 108.902 -3.792
202006 2.253 108.767 2.681
202009 11.070 109.815 13.046
202012 3.720 109.897 4.381
202103 -1.105 111.754 -1.280
202106 4.541 114.631 5.127
202109 5.373 115.734 6.008
202112 2.192 117.630 2.412
202203 -3.389 121.301 -3.616
202206 2.134 125.017 2.209
202209 4.242 125.227 4.384
202212 2.763 125.222 2.856
202303 -3.208 127.348 -3.260
202306 4.090 128.729 4.112
202309 7.661 129.860 7.635
202312 5.031 129.419 5.031
202403 -1.461 129.419 -1.461

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Lennox International  (NYSE:LII) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Lennox International's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=477.11/9.73
=49.03

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lennox International was 71.65. The lowest was 24.53. And the median was 47.57.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Lennox International Cyclically Adjusted FCF per Share Related Terms

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


Lennox International (Lennox International) Business Description

Industry
Traded in Other Exchanges
Address
2140 Lake Park Boulevard, Richardson, TX, USA, 75080
Lennox International manufactures and distributes heating, ventilating, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2022, residential HVAC was 68% of sales, commercial HVAC was 19%, and refrigeration accounted for the remaining 13% of sales. The company goes to market with multiple brands, but Lennox is the company's flagship HVAC brand. The Texas-based company will be focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.
Executives
Gary S Bedard officer: President and COO, WWR 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Joseph Nassab officer: EVP, President/COO Commercial 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Prakash Bedapudi officer: EVP, Chief Technology Officer 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Joseph William Reitmeier officer: EVP & Chief Financial Officer 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Chris Kosel officer: VP-Corp Controller and CAO 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Daniel M Sessa officer: EVP, Chief HR Officer 2140 LAKE PARK BLVD., RICHARDSON TX 75080
John D Torres officer: EVP, Chief Legal Officer 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Todd J Teske director
Sherry Buck director PO BOX 10060, TOLEDO OH 436990060
Elliot S Zimmer officer: EVP, President/COO Commercial 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Alok Maskara officer: CEO 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Todd M Bluedorn director, officer: Chairman and CEO 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Shane D Wall director 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Karen H Quintos director ONE DELL WAY, ROUND ROCK TX 78682
Janet Katherine Cooper director 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420