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Pricesmart (FRA:PS8) Cyclically Adjusted FCF per Share : €1.69 (As of Feb. 2024)


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What is Pricesmart 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.

Pricesmart's adjusted free cash flow per share for the three months ended in Feb. 2024 was €0.508. 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 €1.69 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Pricesmart's average Cyclically Adjusted FCF Growth Rate was 13.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.00% 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 Pricesmart was 71.00% per year. The lowest was 2.60% per year. And the median was 15.40% per year.

As of today (2024-05-17), Pricesmart's current stock price is €80.00. Pricesmart's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €1.69. Pricesmart's Cyclically Adjusted Price-to-FCF of today is 47.34.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pricesmart was 322.22. The lowest was 36.43. And the median was 68.98.


Pricesmart Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pricesmart'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.

Pricesmart Cyclically Adjusted FCF per Share Chart

Pricesmart Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 1.26 1.32 1.47 1.51

Pricesmart Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.52 1.63 1.51 1.74 1.69

Competitive Comparison of Pricesmart's Cyclically Adjusted FCF per Share

For the Discount Stores subindustry, Pricesmart'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.


Pricesmart's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

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

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



Pricesmart 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, Pricesmart's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.508/130.9299*130.9299
=0.508

Current CPI (Feb. 2024) = 130.9299.

Pricesmart Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.386 100.373 0.504
201408 0.649 100.352 0.847
201411 -1.082 99.635 -1.422
201502 0.295 99.032 0.390
201505 0.986 100.333 1.287
201508 0.532 100.548 0.693
201511 -0.493 100.135 -0.645
201602 1.605 100.040 2.101
201605 0.688 101.355 0.889
201608 0.111 101.617 0.143
201611 -0.459 101.829 -0.590
201702 -0.224 102.779 -0.285
201705 0.283 103.256 0.359
201708 0.010 103.587 0.013
201711 -0.847 104.072 -1.066
201802 1.151 105.052 1.435
201805 0.088 106.148 0.109
201808 0.154 106.383 0.190
201811 -0.291 106.338 -0.358
201902 0.689 106.649 0.846
201905 0.382 108.048 0.463
201908 0.111 108.245 0.134
201911 -0.642 108.519 -0.775
202002 1.204 109.139 1.444
202005 2.004 108.175 2.426
202008 2.083 109.662 2.487
202011 -1.083 109.793 -1.291
202102 0.585 110.968 0.690
202105 0.650 113.576 0.749
202108 0.206 115.421 0.234
202111 -1.233 117.269 -1.377
202202 -0.729 119.703 -0.797
202205 1.054 123.323 1.119
202208 1.141 124.958 1.196
202211 0.208 125.607 0.217
202302 1.735 126.928 1.790
202305 0.730 128.314 0.745
202308 0.794 129.538 0.803
202311 0.238 129.548 0.241
202402 0.508 130.930 0.508

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


Pricesmart  (FRA:PS8) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=80.00/1.69
=47.34

* 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 Pricesmart was 322.22. The lowest was 36.43. And the median was 68.98.


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.


Pricesmart Cyclically Adjusted FCF per Share Related Terms

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


Pricesmart (FRA:PS8) Business Description

Traded in Other Exchanges
Address
9740 Scranton Road, San Diego, CA, USA, 92121
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.

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