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The Toro Co (The Toro Co) Cyclically Adjusted FCF per Share : $2.85 (As of Jan. 2024)


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What is The Toro Co 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.

The Toro Co's adjusted free cash flow per share for the three months ended in Jan. 2024 was $-1.063. 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 $2.85 for the trailing ten years ended in Jan. 2024.

During the past 12 months, The Toro Co's average Cyclically Adjusted FCF Growth Rate was 0.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.90% 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 The Toro Co was 146.60% per year. The lowest was 6.80% per year. And the median was 14.50% per year.

As of today (2024-04-27), The Toro Co's current stock price is $87.50. The Toro Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $2.85. The Toro Co's Cyclically Adjusted Price-to-FCF of today is 30.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Toro Co was 50.59. The lowest was 20.93. And the median was 34.22.


The Toro Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The Toro Co'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.

The Toro Co Cyclically Adjusted FCF per Share Chart

The Toro Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 2.17 2.68 2.88 2.93

The Toro Co 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 2.83 2.90 2.86 2.93 2.85

Competitive Comparison of The Toro Co's Cyclically Adjusted FCF per Share

For the Tools & Accessories subindustry, The Toro Co'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.


The Toro Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Toro Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



The Toro Co 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, The Toro Co'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)
=-1.063/129.4194*129.4194
=-1.063

Current CPI (Jan. 2024) = 129.4194.

The Toro Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.657 100.023 0.850
201407 0.573 100.520 0.738
201410 0.002 100.176 0.003
201501 -0.293 98.604 -0.385
201504 0.889 99.824 1.153
201507 0.552 100.691 0.709
201510 0.559 100.346 0.721
201601 -0.055 99.957 -0.071
201604 1.179 100.947 1.512
201607 1.281 101.524 1.633
201610 0.576 101.988 0.731
201701 0.033 102.456 0.042
201704 1.276 103.167 1.601
201707 0.849 103.278 1.064
201710 0.564 104.070 0.701
201801 -0.024 104.578 -0.030
201804 0.972 105.708 1.190
201807 0.966 106.324 1.176
201810 0.624 106.695 0.757
201901 0.110 106.200 0.134
201904 1.100 107.818 1.320
201907 0.663 108.250 0.793
201910 0.389 108.577 0.464
202001 -0.323 108.841 -0.384
202004 0.727 108.173 0.870
202007 1.986 109.318 2.351
202010 1.855 109.861 2.185
202101 0.774 110.364 0.908
202104 1.909 112.673 2.193
202107 1.262 115.183 1.418
202110 0.208 116.696 0.231
202201 -0.961 118.619 -1.048
202204 1.029 121.978 1.092
202207 0.682 125.002 0.706
202210 0.712 125.734 0.733
202301 -0.930 126.223 -0.954
202304 0.850 127.992 0.859
202307 0.550 128.974 0.552
202310 1.032 129.810 1.029
202401 -1.063 129.419 -1.063

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


The Toro Co  (NYSE:TTC) 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.

The Toro Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=87.50/2.85
=30.70

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Toro Co was 50.59. The lowest was 20.93. And the median was 34.22.


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.


The Toro Co Cyclically Adjusted FCF per Share Related Terms

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


The Toro Co (The Toro Co) Business Description

Industry
Traded in Other Exchanges
Address
8111 Lyndale Avenue South, Bloomington, MN, USA, 55420-1196
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
Executives
Gregory S Janey officer: VP, RLC 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Janet Katherine Cooper director 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Kurt D Svendsen officer: VP, Information Services 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Kevin N Carpenter officer: VP, Global Ops & Supply Chain 8111 LYNDALE AVE S, BLOOMINGTON MN 55420
Edric C Funk officer: Group VP, Golf, Grounds & Irr 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Jason P Baab officer: VP, Strategy, Corp Dev & Sust 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Daryn A Walters officer: VP, Exmark 8111 LYNDALE AVE S, BLOOMINGTON MN 55420
Joanna M. Totsky officer: VP, GC & Corp Secretary 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Richard W Rodier officer: Section 16 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Gary Lee Ellis director THE TORO COMPANY, 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Jody M Christy officer: Vice President, BOSS 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Renee J Peterson officer: VP, Finance & CFO 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Blake M Grams officer: mging dir., corp. controller 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Richard M Olson officer: VP, Exmark 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Amy E Dahl officer: VP, Human Resources 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420