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VF (WBO:VFC) Cyclically Adjusted FCF per Share : €2.28 (As of Mar. 2024)


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What is VF 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.

VF's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.307. 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 €2.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, VF's average Cyclically Adjusted FCF Growth Rate was -2.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 2.70% 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 VF was 86.60% per year. The lowest was -3.80% per year. And the median was 8.30% per year.

As of today (2024-06-04), VF's current stock price is €12.714. VF's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.28. VF's Cyclically Adjusted Price-to-FCF of today is 5.58.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of VF was 39.54. The lowest was 4.92. And the median was 28.42.


VF Cyclically Adjusted FCF per Share Historical Data

The historical data trend for VF'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.

VF Cyclically Adjusted FCF per Share Chart

VF Annual Data
Trend Dec15 Dec16 Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.51 2.36 2.67 2.27 2.28

VF Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.27 2.29 2.32 2.23 2.28

Competitive Comparison of VF's Cyclically Adjusted FCF per Share

For the Apparel Manufacturing subindustry, VF'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.


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

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.307/131.7762*131.7762
=-0.307

Current CPI (Mar. 2024) = 131.7762.

VF Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.249 100.560 0.326
201409 0.108 100.428 0.142
201412 2.456 99.070 3.267
201503 -1.002 99.621 -1.325
201506 0.101 100.684 0.132
201509 -0.204 100.392 -0.268
201512 2.988 99.792 3.946
201603 -0.394 100.470 -0.517
201606 0.221 101.688 0.286
201609 -0.066 101.861 -0.085
201612 3.119 101.863 4.035
201703 -0.611 102.862 -0.783
201706 0.345 103.349 0.440
201709 -0.115 104.136 -0.146
201712 3.043 104.011 3.855
201803 -0.640 105.290 -0.801
201806 0.400 106.317 0.496
201809 -0.547 106.507 -0.677
201812 2.790 105.998 3.469
201903 0.434 107.251 0.533
201906 -0.276 108.070 -0.337
201909 -0.835 108.329 -1.016
201912 2.521 108.420 3.064
202003 -0.196 108.902 -0.237
202006 -0.195 108.767 -0.236
202009 0.039 109.815 0.047
202012 2.104 109.897 2.523
202103 0.216 111.754 0.255
202106 -0.070 114.631 -0.080
202109 -0.700 115.734 -0.797
202112 1.978 117.630 2.216
202203 0.039 121.301 0.042
202206 -1.069 125.017 -1.127
202209 -1.599 125.227 -1.683
202212 0.031 125.222 0.033
202303 0.294 127.348 0.304
202306 0.188 128.729 0.192
202309 -0.572 129.860 -0.580
202312 2.577 129.419 2.624
202403 -0.307 131.776 -0.307

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


VF  (WBO:VFC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.714/2.28
=5.58

* 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 VF was 39.54. The lowest was 4.92. And the median was 28.42.


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.


VF Cyclically Adjusted FCF per Share Related Terms

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


VF (WBO:VFC) Business Description

Address
1551 Wewatta Street, Denver, CO, USA, 80202
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of about a dozen brands includes Vans, The North Face, Timberland, Supreme, and Dickies. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. The company has grown through multiple acquisitions and traces its roots to 1899.

VF (WBO:VFC) Headlines