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Wayfair (Wayfair) Cyclically Adjusted FCF per Share : $-1.20 (As of Dec. 2023)


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What is Wayfair 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.

Wayfair's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.530. 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 $-1.20 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-04-28), Wayfair's current stock price is $52.01. Wayfair's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $-1.20. Wayfair's Cyclically Adjusted Price-to-FCF of today is .


Wayfair Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Wayfair'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.

Wayfair Cyclically Adjusted FCF per Share Chart

Wayfair 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 - - - -1.27 -1.20

Wayfair Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -1.27 -1.49 -1.35 -1.29 -1.20

Competitive Comparison of Wayfair's Cyclically Adjusted FCF per Share

For the Internet Retail subindustry, Wayfair'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.


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

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

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



Wayfair 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, Wayfair's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.53/129.4194*129.4194
=0.530

Current CPI (Dec. 2023) = 129.4194.

Wayfair Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.547 99.695 -0.710
201406 -0.384 100.560 -0.494
201409 -0.271 100.428 -0.349
201412 0.611 99.070 0.798
201503 -0.617 99.621 -0.802
201506 0.131 100.684 0.168
201509 0.421 100.392 0.543
201512 0.926 99.792 1.201
201603 -0.954 100.470 -1.229
201606 -0.229 101.688 -0.291
201609 -0.164 101.861 -0.208
201612 0.569 101.863 0.723
201703 -0.802 102.862 -1.009
201706 -0.314 103.349 -0.393
201709 -0.212 104.136 -0.263
201712 0.016 104.011 0.020
201803 -0.538 105.290 -0.661
201806 -0.085 106.317 -0.103
201809 -0.655 106.507 -0.796
201812 -0.256 105.998 -0.313
201903 -1.831 107.251 -2.209
201906 -0.996 108.070 -1.193
201909 -1.955 108.329 -2.336
201912 -1.716 108.420 -2.048
202003 -3.769 108.902 -4.479
202006 8.785 108.767 10.453
202009 2.335 109.815 2.752
202012 1.256 109.897 1.479
202103 1.047 111.754 1.212
202106 1.697 114.631 1.916
202109 -1.971 115.734 -2.204
202112 0.154 117.630 0.169
202203 -3.152 121.301 -3.363
202206 -2.324 125.017 -2.406
202209 -5.075 125.227 -5.245
202212 -0.179 125.222 -0.185
202303 -2.127 127.348 -2.162
202306 1.143 128.729 1.149
202309 0.362 129.860 0.361
202312 0.530 129.419 0.530

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


Wayfair  (NYSE:W) 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.


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.


Wayfair Cyclically Adjusted FCF per Share Related Terms

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


Wayfair (Wayfair) Business Description

Industry
Traded in Other Exchanges
Address
4 Copley Place, Boston, MA, USA, 02116
Wayfair engages in e-commerce in the United States (86% of 2022 sales), Canada, the United Kingdom, Germany, and Ireland. At the end of 2022, the firm offered more than 40 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.
Executives
Niraj Shah director, 10 percent owner, officer: Chief Executive Officer C/O WAYFAIR INC., 4 COPLEY PLACE, BOSTON MA 02116
Steven Conine director, 10 percent owner, officer: Chief Technology Officer C/O WAYFAIR INC., 4 COPLEY PLACE, BOSTON MA 02116
Thomas Netzer officer: Chief Operating Officer C/O WAYFAIR INC., 4 COPLEY PLACE, BOSTON MA 02116
Jon Blotner officer: Chief Commercial Officer C/O WAYFAIR INC., 4 COPLEY PLACE, BOSTON MA 02116
Kate Gulliver officer: CFO and Chief Admin Officer 4 COPLEY PLACE, BOSTON MA 02116
Fiona Tan officer: Chief Technology Officer 41 DISCOVERY, IRVINE CA 92618
Anke Schaferkordt director C/O WAYFAIR INC., 4 COPLEY PLACE, BOSTON MA 02116
Steve Oblak officer: SVP and GM, Wayfair.com C/O WAYFAIR INC., 4 COPLEY PLACE, BOSTON MA 02116
Michael D Fleisher officer: Chief Financial Officer C/O WAYFAIR INC., 4 COPLEY PLACE, BOSTON MA 02116
Michael W. Choe director C/O CHARLESBANK CAPITAL PARTNERS, 200 CLARENDON STREET, 54TH FLOOR, BOSTON MA 02109
James R. Miller director 4050 EAST COTTON CENTER BLVD. 6-68, PHOENIX AZ 85040
Jeremy King director C/O WAYFAIR LLC, 4 COPLEY PLACE, BOSTON MA 02116
Michael Andrew Kumin director, 10 percent owner C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116
Edmond Macri officer: SVP, Marketing and Analytics C/O WAYFAIR INC., 4 COPLEY PLACE, BOSTON MA 02116
Michael E Sneed director JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933