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Thor Industries (Thor Industries) Cyclically Adjusted FCF per Share : $8.25 (As of Jan. 2024)


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What is Thor Industries 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.

Thor Industries's adjusted free cash flow per share for the three months ended in Jan. 2024 was $-2.694. 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 $8.25 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Thor Industries's average Cyclically Adjusted FCF Growth Rate was 13.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 21.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 19.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.50% 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 Thor Industries was 71.00% per year. The lowest was 6.40% per year. And the median was 18.20% per year.

As of today (2024-04-28), Thor Industries's current stock price is $100.59. Thor Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $8.25. Thor Industries's Cyclically Adjusted Price-to-FCF of today is 12.19.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Thor Industries was 55.50. The lowest was 8.95. And the median was 23.31.


Thor Industries Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Thor Industries'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.

Thor Industries Cyclically Adjusted FCF per Share Chart

Thor Industries Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.04 4.64 5.42 7.01 8.38

Thor Industries 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 7.26 7.71 8.38 8.47 8.25

Competitive Comparison of Thor Industries's Cyclically Adjusted FCF per Share

For the Recreational Vehicles subindustry, Thor Industries'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.


Thor Industries's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Thor Industries 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, Thor Industries'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)
=-2.694/129.4194*129.4194
=-2.694

Current CPI (Jan. 2024) = 129.4194.

Thor Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.421 100.023 -0.545
201407 3.217 100.520 4.142
201410 0.776 100.176 1.003
201501 -0.084 98.604 -0.110
201504 0.474 99.824 0.615
201507 2.716 100.691 3.491
201510 0.057 100.346 0.074
201601 0.463 99.957 0.599
201604 1.486 100.947 1.905
201607 3.489 101.524 4.448
201610 -0.472 101.988 -0.599
201701 0.508 102.456 0.642
201704 1.923 103.167 2.412
201707 3.804 103.278 4.767
201710 -0.395 104.070 -0.491
201801 0.278 104.578 0.344
201804 1.955 105.708 2.394
201807 4.371 106.324 5.320
201810 -0.951 106.695 -1.154
201901 2.461 106.200 2.999
201904 0.222 107.818 0.266
201907 5.174 108.250 6.186
201910 -1.507 108.577 -1.796
202001 0.644 108.841 0.766
202004 3.746 108.173 4.482
202007 4.935 109.318 5.842
202010 -1.908 109.861 -2.248
202101 -0.552 110.364 -0.647
202104 4.138 112.673 4.753
202107 5.433 115.183 6.105
202110 -0.026 116.696 -0.029
202201 3.265 118.619 3.562
202204 5.204 121.978 5.521
202207 5.151 125.002 5.333
202210 0.707 125.734 0.728
202301 0.859 126.223 0.881
202304 4.447 127.992 4.497
202307 8.350 128.974 8.379
202310 0.398 129.810 0.397
202401 -2.694 129.419 -2.694

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


Thor Industries  (NYSE:THO) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=100.59/8.25
=12.19

* 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 Thor Industries was 55.50. The lowest was 8.95. And the median was 23.31.


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.


Thor Industries Cyclically Adjusted FCF per Share Related Terms

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


Thor Industries (Thor Industries) Business Description

Traded in Other Exchanges
Address
601 East Beardsley Avenue, Elkhart, IN, USA, 46514-3305
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.
Executives
W. Todd Woelfer officer: Sr. VP, Gen Counsel & Sec. PO BOX 3300, ELKHART IN 46515
Kenneth D Julian officer: VP of Admin. and HR 3080 WINDSOR CT., ELKHART IN 46514
Peter Busch Orthwein director, officer: Exec. Chairman of the Board ONE LAGAYETTE PLACE, GREENWICH CT 06830
James L Ziemer director C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208
Amelia Huntington director C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVE., ELKHART IN 46514-3305
Trevor Q. Gasper officer: VP, General Counsel and Sec. 601 EAST BEARDSLEY AVE., ELKHART IN 46514
Laurel Hurd director C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Christina Hennington director 1000 NICOLLET MALL, MINNEAPOLIS MN 55403
J Allen Kosowsky director C/O THOR INDUSTRIES, INC., 419 WEST PIKE STREET, JACKSON CENTER OH 45334-0629
Kelley William J. Jr director USG CORPORATION, 550 WEST ADAMS STREET, CHICAGO IL 60661
Josef Hjelmaker officer: Chief Innovation Officer C/O THOR INDUSTRIES, INC., 601 E. BEARDSLEY AVE., ELKHART IN 46514-3305
Christopher J Klein director 520 LAKE COOK ROAD, DEERFIELD IL 60015
Jan Suwinski director 9450 SEWARD RD, C/O OHIO CASUALTY GROUP, FAIRFIELD OH 45014
Robert W Martin director, officer: Chief Exec. Officer & Pres. C/O KEYSTONE RV COMPANY, 2642 HACKBERRY DRIVE, GOSHEN IN 46526
Troy James officer: SVP International Operations C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVENUE, ELKHART IN 46514-3305