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Morrison (Wm) Supermarkets (LSE:MRW) Cyclically Adjusted FCF per Share : £0.00 (As of Jul. 2021)


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What is Morrison (Wm) Supermarkets 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.

Morrison (Wm) Supermarkets's adjusted free cash flow per share data for the fiscal year that ended in Jan. 2021 was £-0.185. 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 £0.00 for the trailing ten years ended in Jan. 2021.

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 (2024-05-29), Morrison (Wm) Supermarkets's current stock price is £ 2.864. Morrison (Wm) Supermarkets's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jan. 2021 was £0.00. Morrison (Wm) Supermarkets's Cyclically Adjusted Price-to-FCF of today is .


Morrison (Wm) Supermarkets Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Morrison (Wm) Supermarkets'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.

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Morrison (Wm) Supermarkets Cyclically Adjusted FCF per Share Chart

Morrison (Wm) Supermarkets Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
Cyclically Adjusted FCF per Share
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Morrison (Wm) Supermarkets Semi-Annual Data
Jan12 Jul12 Jan13 Jul13 Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21
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Competitive Comparison of Morrison (Wm) Supermarkets's Cyclically Adjusted FCF per Share

For the Grocery Stores subindustry, Morrison (Wm) Supermarkets'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.


Morrison (Wm) Supermarkets's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

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

* The bar in red indicates where Morrison (Wm) Supermarkets's Cyclically Adjusted Price-to-FCF falls into.



Morrison (Wm) Supermarkets 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, Morrison (Wm) Supermarkets's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jan. 2021 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share /CPI of Jan. 2021 (Change)*Current CPI (Jan. 2021)
=-0.185/109.3000*109.3000
=-0.185

Current CPI (Jan. 2021) = 109.3000.

Morrison (Wm) Supermarkets Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201201 0.050 94.700 0.058
201301 0.052 97.000 0.059
201401 -0.129 98.700 -0.143
201501 0.152 99.200 0.167
201601 0.223 99.900 0.244
201701 0.237 101.800 0.254
201801 0.102 104.500 0.107
201901 0.134 106.400 0.138
202001 0.131 108.300 0.132
202101 -0.185 109.300 -0.185

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


Morrison (Wm) Supermarkets  (LSE:MRW) 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.


Morrison (Wm) Supermarkets Cyclically Adjusted FCF per Share Related Terms

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


Morrison (Wm) Supermarkets (LSE:MRW) Business Description

Traded in Other Exchanges
N/A
Address
Gain Lane, Hilmore House, Bradford, West Yorkshire, GBR, BD3 7DL
Founded by William Morrison in 1899, Wm Morrison Supermarkets is the U.K.'s fourth- largest grocery chain, with a market share of around 10%. The 2004 takeover of rival Safeway transformed the firm in terms of scale and gave it a significant presence outside its base in Northern England. The company operates about 500 stores, entirely in the United Kingdom. Morrisons has an online presence via a partnership with Ocado and Amazon and has lately been trying to expand its wholesale channel with new agreements (McColl's).

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