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Skechers USA (Skechers USA) Cyclically Adjusted Price-to-FCF : 49.18 (As of Apr. 27, 2024)


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What is Skechers USA Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Skechers USA's current share price is $65.41. Skechers USA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.33. Skechers USA's Cyclically Adjusted Price-to-FCF for today is 49.18.

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

SKX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 31.51   Med: 65.55   Max: 789.5
Current: 49.3

During the past years, Skechers USA's highest Cyclically Adjusted Price-to-FCF was 789.50. The lowest was 31.51. And the median was 65.55.

SKX's Cyclically Adjusted Price-to-FCF is ranked worse than
75.56% of 360 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.255 vs SKX: 49.30

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.

Skechers USA's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.462. 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 $1.33 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Skechers USA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Skechers USA'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.

Skechers USA Cyclically Adjusted Price-to-FCF Chart

Skechers USA 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 64.74 45.20 57.64 54.62 46.99

Skechers USA 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 54.62 50.69 50.00 40.10 46.99

Competitive Comparison of Skechers USA's Cyclically Adjusted Price-to-FCF

For the Footwear & Accessories subindustry, Skechers USA'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.


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

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

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



Skechers USA 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=65.41/1.33
=49.18

* 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.

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

For example, Skechers USA'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)
=1.462/129.4194*129.4194
=1.462

Current CPI (Dec. 2023) = 129.4194.

Skechers USA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.249 99.695 -0.323
201406 0.578 100.560 0.744
201409 0.179 100.428 0.231
201412 0.190 99.070 0.248
201503 -0.411 99.621 -0.534
201506 0.759 100.684 0.976
201509 0.305 100.392 0.393
201512 0.085 99.792 0.110
201603 -0.430 100.470 -0.554
201606 1.250 101.688 1.591
201609 0.225 101.861 0.286
201612 0.515 101.863 0.654
201703 -0.727 102.862 -0.915
201706 0.934 103.349 1.170
201709 0.259 104.136 0.322
201712 -0.318 104.011 -0.396
201803 -0.196 105.290 -0.241
201806 1.437 106.317 1.749
201809 0.772 106.507 0.938
201812 0.710 105.998 0.867
201903 -0.659 107.251 -0.795
201906 1.434 108.070 1.717
201909 0.361 108.329 0.431
201912 0.103 108.420 0.123
202003 -1.357 108.902 -1.613
202006 1.534 108.767 1.825
202009 -1.180 109.815 -1.391
202012 1.143 109.897 1.346
202103 -0.629 111.754 -0.728
202106 1.717 114.631 1.939
202109 -0.976 115.734 -1.091
202112 -0.731 117.630 -0.804
202203 -1.424 121.301 -1.519
202206 1.374 125.017 1.422
202209 -1.905 125.227 -1.969
202212 1.189 125.222 1.229
202303 1.046 127.348 1.063
202306 1.686 128.729 1.695
202309 1.614 129.860 1.609
202312 1.462 129.419 1.462

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.


Skechers USA  (NYSE:SKX) 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.


Skechers USA Cyclically Adjusted Price-to-FCF Related Terms

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


Skechers USA (Skechers USA) Business Description

Traded in Other Exchanges
Address
228 Manhattan Beach Boulevard, Manhattan Beach, CA, USA, 90266
Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments include Wholesale, and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.
Executives
Robert Greenberg director, 10 percent owner, officer: Chief Executive Officer SKECHERS USA INC, 228 MANHATTAN BEACH BLVD, MANHATTAN BEACH CA 90266
Michael Greenberg director, officer: President SKECHERS USA INC, 228 MANHATTAN BEACH BLVD, MANHATTAN BEACH CA 90266
Phillip Paccione officer: General Counsel & Secretary
Katherine J. Blair director 228 MANHATTAN BEACH BOULEVARD, MANHATTAN BEACH CA 90266
Richard Siskind director C/O R SISKIND & CO, 1385 BROADWAY, NEW YORK NY 10018
Mark A Nason officer: Executive VP
David Weinberg director, officer: Chief Operating Officer
Yolanda Macias director 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266
Zulema Garcia director 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266
Jeffrey Greenberg director
Thomas Walsh director 12548 W. FETLOCK TRAIL, PEORIA AZ 85383
Richard Rappaport director 1900 AVENUE OF THE STARS, SUITE 301, LOS ANGELES CA 90067
John M Vandemore officer: Chief Financial Officer 6355 S. BUFFALO DRIVE, LAS VEGAS NV 89521
Morton D Erlich director 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266
Geyer Kosinski director