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PVH (PVH) Cyclically Adjusted FCF per Share : $7.99 (As of Jan. 2024)


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What is PVH 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.

PVH's adjusted free cash flow per share for the three months ended in Jan. 2024 was $9.621. 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 $7.99 for the trailing ten years ended in Jan. 2024.

During the past 12 months, PVH's average Cyclically Adjusted FCF Growth Rate was 16.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 7.90% 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 PVH was 80.10% per year. The lowest was -13.00% per year. And the median was 10.00% per year.

As of today (2024-04-27), PVH's current stock price is $111.03. PVH's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $7.99. PVH's Cyclically Adjusted Price-to-FCF of today is 13.90.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PVH was 38.77. The lowest was 5.17. And the median was 19.30.


PVH Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PVH'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.

PVH Cyclically Adjusted FCF per Share Chart

PVH Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.99 6.35 7.41 6.88 7.99

PVH Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 6.88 7.06 7.27 7.54 7.99

Competitive Comparison of PVH's Cyclically Adjusted FCF per Share

For the Apparel Manufacturing subindustry, PVH'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.


PVH's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PVH's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PVH 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, PVH'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)
=9.621/129.4194*129.4194
=9.621

Current CPI (Jan. 2024) = 129.4194.

PVH Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -1.227 100.023 -1.588
201407 2.038 100.520 2.624
201410 0.995 100.176 1.285
201501 4.580 98.604 6.011
201504 0.143 99.824 0.185
201507 2.517 100.691 3.235
201510 -0.036 100.346 -0.046
201601 5.118 99.957 6.627
201604 0.774 100.947 0.992
201607 2.989 101.524 3.810
201610 1.337 101.988 1.697
201701 3.021 102.456 3.816
201704 -1.592 103.167 -1.997
201707 1.869 103.278 2.342
201710 -0.651 104.070 -0.810
201801 4.034 104.578 4.992
201804 -2.588 105.708 -3.169
201807 4.472 106.324 5.443
201810 -1.436 106.695 -1.742
201901 5.752 106.200 7.010
201904 -1.975 107.818 -2.371
201907 4.225 108.250 5.051
201910 0.422 108.577 0.503
202001 6.490 108.841 7.717
202004 -2.790 108.173 -3.338
202007 4.776 109.318 5.654
202010 1.789 109.861 2.108
202101 2.848 110.364 3.340
202104 -3.290 112.673 -3.779
202107 6.348 115.183 7.133
202110 2.646 116.696 2.934
202201 5.528 118.619 6.031
202204 -5.179 121.978 -5.495
202207 1.254 125.002 1.298
202210 -3.066 125.734 -3.156
202301 3.442 126.223 3.529
202304 -2.099 127.992 -2.122
202307 3.407 128.974 3.419
202310 1.120 129.810 1.117
202401 9.621 129.419 9.621

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


PVH  (NYSE:PVH) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=111.03/7.99
=13.90

* 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 PVH was 38.77. The lowest was 5.17. And the median was 19.30.


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.


PVH Cyclically Adjusted FCF per Share Related Terms

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


PVH (PVH) Business Description

Traded in Other Exchanges
Address
285 Madison Avenue, New York, NY, USA, 10017
PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. Its two designer brands, Calvin Klein and Tommy Hilfiger, now generate all its revenue after its recent disposition of its smaller brands. PVH operates e-commerce sites and about 1,500 stores, licenses its brands to third parties, and distributes its merchandise through department stores and other wholesale accounts. The firm traces its history to 1881 and is based in New York City.
Executives
Mark D Fischer officer: EVP, General Counsel & Sec. C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016
Julie Fuller officer: Chief People Officer 200 MADISON AVENUE, NEW YORK NY 10016
Martijn Hagman officer: CEO, PVH Europe C/O PVH CORP., 200 MADISON AVENUE, NEW YORK NY 10016
Eva Serrano officer: Global Brand President, CK C/O PVH CORP, 285 MADISONAVENUE, NEW YORK NY 10017
James Holmes officer: EVP & Controller C/O PVH CORP., 200 MADISON AVENUE, NEW YORK NY 10016
Zachary Coughlin officer: EVP, Chief Financial Officer 285 MADISON AVENUE, NEW YORK NY 10017
Stefan Larsson director, officer: Chief Executive Officer TWO FOLSOM STREET, SAN FRANCISCO CA 94105
Ajay Bhalla director 2000 PURCHASE STREET, PURCHASE NY 10577
Sourry Knox Judith Amanda director C/O 200 MADISON AVENUE, NEW YORK NY 10016
Brent Callinicos director C/O 706 MISSION STREET, SAN FRANCISCO CA 94103
Edward R. Rosenfeld director C/O STEVEN MADDEN, LTD., 52-16 BARNETT AVENUE, LONG ISLAND CITY NY 11104
Vincent James Marino director C/O OFFICEMAX INCORPORATED, 263 SHUMAN BLVD., NAPERVILLE IL 60563
Joseph B Fuller director TWO CANAL PARK, CAMBRIDGE MA 02141
George Cheeks director 200 MADISON AVENUE, NEW YORK NY 10016
Allison Peterson director 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423

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