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RBC Bearings (FRA:B1X) Cyclically Adjusted FCF per Share : €4.49 (As of Dec. 2023)


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What is RBC Bearings 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.

RBC Bearings's adjusted free cash flow per share for the three months ended in Dec. 2023 was €2.226. 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 €4.49 for the trailing ten years ended in Dec. 2023.

During the past 12 months, RBC Bearings's average Cyclically Adjusted FCF Growth Rate was 19.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.20% 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 RBC Bearings was 18.70% per year. The lowest was 10.10% per year. And the median was 15.60% per year.

As of today (2024-05-15), RBC Bearings's current stock price is €246.00. RBC Bearings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €4.49. RBC Bearings's Cyclically Adjusted Price-to-FCF of today is 54.79.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of RBC Bearings was 76.52. The lowest was 33.82. And the median was 56.40.


RBC Bearings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for RBC Bearings'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.

RBC Bearings Cyclically Adjusted FCF per Share Chart

RBC Bearings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.03 2.36 2.52 3.44 3.99

RBC Bearings 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 3.97 3.99 4.20 4.48 4.49

Competitive Comparison of RBC Bearings's Cyclically Adjusted FCF per Share

For the Tools & Accessories subindustry, RBC Bearings'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.


RBC Bearings's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



RBC Bearings 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, RBC Bearings'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)
=2.226/129.4194*129.4194
=2.226

Current CPI (Dec. 2023) = 129.4194.

RBC Bearings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.177 99.695 0.230
201406 0.738 100.560 0.950
201409 0.326 100.428 0.420
201412 0.460 99.070 0.601
201503 0.172 99.621 0.223
201506 0.640 100.684 0.823
201509 0.514 100.392 0.663
201512 0.653 99.792 0.847
201603 0.586 100.470 0.755
201606 0.529 101.688 0.673
201609 0.558 101.861 0.709
201612 1.245 101.863 1.582
201703 0.787 102.862 0.990
201706 1.256 103.349 1.573
201709 0.592 104.136 0.736
201712 0.714 104.011 0.888
201803 1.005 105.290 1.235
201806 0.936 106.317 1.139
201809 0.460 106.507 0.559
201812 0.343 105.998 0.419
201903 0.621 107.251 0.749
201906 1.002 108.070 1.200
201909 0.594 108.329 0.710
201912 1.413 108.420 1.687
202003 1.236 108.902 1.469
202006 1.584 108.767 1.885
202009 0.816 109.815 0.962
202012 1.092 109.897 1.286
202103 1.272 111.754 1.473
202106 1.632 114.631 1.843
202109 1.222 115.734 1.366
202112 0.775 117.630 0.853
202203 1.217 121.301 1.298
202206 1.670 125.017 1.729
202209 0.493 125.227 0.510
202212 1.764 125.222 1.823
202303 1.889 127.348 1.920
202306 1.744 128.729 1.753
202309 1.466 129.860 1.461
202312 2.226 129.419 2.226

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


RBC Bearings  (FRA:B1X) 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.

RBC Bearings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=246.00/4.49
=54.79

* 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 RBC Bearings was 76.52. The lowest was 33.82. And the median was 56.40.


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.


RBC Bearings Cyclically Adjusted FCF per Share Related Terms

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


RBC Bearings (FRA:B1X) Business Description

Industry
Traded in Other Exchanges
Address
102 Willenbrock Road, One Tribology Center, Oxford, CT, USA, 06478
RBC Bearings Inc is a manufacturer and marketer of precision bearings and products used in aircraft and mechanical systems. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The products reduce wear in moving parts, facilitate proper power transmission, reduce damage and energy loss, and control pressure and flow. The primary customers for RBC Bearings are industrial markets and aerospace markets such as construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, commercial, private and military aircraft engines, and guided weaponry. The end market is the United States of America.

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