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Crocs (CROX) Cyclically Adjusted Price-to-FCF : 33.26 (As of Apr. 27, 2024)


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What is Crocs Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Crocs's current share price is $125.40. Crocs's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.77. Crocs's Cyclically Adjusted Price-to-FCF for today is 33.26.

The historical rank and industry rank for Crocs's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CROX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.57   Med: 50.5   Max: 225.57
Current: 32.8

During the past years, Crocs's highest Cyclically Adjusted Price-to-FCF was 225.57. The lowest was 18.57. And the median was 50.50.

CROX's Cyclically Adjusted Price-to-FCF is ranked worse than
67.5% of 360 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.255 vs CROX: 32.80

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.

Crocs's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $5.256. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $3.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Crocs Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Crocs's Cyclically Adjusted Price-to-FCF 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.

Crocs Cyclically Adjusted Price-to-FCF Chart

Crocs Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.00 74.51 80.57 45.46 24.81

Crocs Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 45.46 51.17 38.93 27.47 24.81

Competitive Comparison of Crocs's Cyclically Adjusted Price-to-FCF

For the Footwear & Accessories subindustry, Crocs'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.


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

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

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



Crocs Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Crocs's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=125.40/3.77
=33.26

* 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.

Crocs's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Crocs'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)
=5.256/129.4194*129.4194
=5.256

Current CPI (Dec. 2023) = 129.4194.

Crocs Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.872 99.695 -1.132
201406 0.351 100.560 0.452
201409 -0.016 100.428 -0.021
201412 -0.248 99.070 -0.324
201503 -0.684 99.621 -0.889
201506 0.518 100.684 0.666
201509 0.106 100.392 0.137
201512 -0.053 99.792 -0.069
201603 -0.849 100.470 -1.094
201606 0.941 101.688 1.198
201609 0.056 101.861 0.071
201612 0.088 101.863 0.112
201703 -0.742 102.862 -0.934
201706 1.106 103.349 1.385
201709 0.542 104.136 0.674
201712 0.274 104.011 0.341
201803 -0.674 105.290 -0.828
201806 1.202 106.317 1.463
201809 0.591 106.507 0.718
201812 0.312 105.998 0.381
201903 -0.992 107.251 -1.197
201906 1.053 108.070 1.261
201909 0.554 108.329 0.662
201912 0.186 108.420 0.222
202003 -1.459 108.902 -1.734
202006 1.719 108.767 2.045
202009 1.601 109.815 1.887
202012 1.455 109.897 1.713
202103 0.332 111.754 0.384
202106 3.077 114.631 3.474
202109 1.553 115.734 1.737
202112 3.194 117.630 3.514
202203 -1.783 121.301 -1.902
202206 2.194 125.017 2.271
202209 2.070 125.227 2.139
202212 5.469 125.222 5.652
202303 -0.282 127.348 -0.287
202306 4.738 128.729 4.763
202309 3.496 129.860 3.484
202312 5.256 129.419 5.256

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


Crocs  (NAS:CROX) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Crocs Cyclically Adjusted Price-to-FCF Related Terms

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


Crocs (CROX) Business Description

Traded in Other Exchanges
Address
13601 Via Varra, Broomfield, CO, USA, 80020
Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include Americas, Asia pacific, and EMEA.
Executives
Adam Michaels officer: EVP, Chief Digital Officer C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Michelle Poole officer: EVP CP&M Officer C/O CROCS, INC., 7477 DRY CREEK PARKWAY, NIWOT CO 80503
Shannon Sisler officer: EVP, Chief People Officer C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Douglas J Treff director 3231 S.E. SIXTH AVENUE, TOPEKA KS 66607
Anne Mehlman officer: CFO C/O CROCS, INC., 7477 E DRY CREEK PARKWAY, NIWOT CO 80503
Thomas J Smach director C/O FLEXTRONICS INTERNATIONAL LTD, 2090 FORTUNE DRIVE, SAN JOSE CA 95131
Thomas Britt officer: EVP, Chief Information Officer C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Andrew Rees officer: President C/O CROCS, INC., 7477 DRY CREEK PARKWAY, NIWOT CO 80503
Ian Bickley director 516 WEST 34TH STREET, NEW YORK NY 10001
Daniel P Hart officer: EVP-Admin. & Corp. Development 7477 E. DRY CREEK PARKWAY, NIWOT CO 80503
Richard Blackshaw officer: EVP, Brand President C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Ronald Frasch director NEIMAN MARCUS GROUP, 1618 MAIN ST, DALLAS TX 75201
Charisse Ford Hughes director C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Beth J Kaplan director 1716 LOCUST STREET, DES MOINES IA 50309
Elaine L Boltz officer: Chief Operations Officer C/O CROCS, INC., 7477 E DRY CREEK PARKWAY, NIWOT CO 80503