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Clicks Group (JSE:CLS) Cyclically Adjusted Price-to-FCF : 62.24 (As of May. 26, 2024)


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What is Clicks Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Clicks Group's current share price is R309.95. Clicks Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 was R4.98. Clicks Group's Cyclically Adjusted Price-to-FCF for today is 62.24.

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

JSE:CLS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 47.71   Med: 83.38   Max: 151.96
Current: 62.19

During the past 13 years, Clicks Group's highest Cyclically Adjusted Price-to-FCF was 151.96. The lowest was 47.71. And the median was 83.38.

JSE:CLS's Cyclically Adjusted Price-to-FCF is ranked worse than
78.24% of 170 companies
in the Healthcare Providers & Services industry
Industry Median: 23.48 vs JSE:CLS: 62.19

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.

Clicks Group's adjusted free cash flow per share data of for the fiscal year that ended in Aug23 was R9.776. 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 R4.98 for the trailing ten years ended in Aug23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Clicks Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Clicks Group'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.

Clicks Group Cyclically Adjusted Price-to-FCF Chart

Clicks Group Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 87.50 84.45 88.65 74.28 54.88

Clicks Group Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 - 74.28 - 54.88 -

Competitive Comparison of Clicks Group's Cyclically Adjusted Price-to-FCF

For the Pharmaceutical Retailers subindustry, Clicks Group'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.


Clicks Group's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Clicks Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Clicks Group 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.

Clicks Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=309.95/4.98
=62.24

* 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.

Clicks Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 is calculated as:

For example, Clicks Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Aug23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Aug23 (Change)*Current CPI (Aug23)
=9.776/150.4220*150.4220
=9.776

Current CPI (Aug23) = 150.4220.

Clicks Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 2.806 96.794 4.361
201508 1.716 101.154 2.552
201608 1.302 107.476 1.822
201708 1.330 112.381 1.780
201808 3.248 117.831 4.146
201908 7.316 122.954 8.950
202008 3.701 126.660 4.395
202108 6.565 133.003 7.425
202208 4.419 143.536 4.631
202308 9.776 150.422 9.776

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.


Clicks Group  (JSE:CLS) 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.


Clicks Group Cyclically Adjusted Price-to-FCF Related Terms

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


Clicks Group (JSE:CLS) Business Description

Traded in Other Exchanges
Address
Cnr Searle and Pontac Streets, PO Box 5142, Cape Town, ZAF, 8001
Clicks Group Ltd operates pharmaceutical health and beauty retail stores. The company primarily operates a retail pharmacy chain in South Africa, with a limited number of operations in bordering countries. The company targets middle- to upper-income consumers. Clicks' business strategy focuses on consistent product sourcing, product development, and measured store expansion. The company has a portfolio of retail franchise brands including The Body Shop, GNC, and claire's. Clicks uses United Pharmaceutical Distributors' capabilities for the groups' integrated channel to the healthcare market.