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Empire Co (TSX:EMP.A) Cyclically Adjusted Price-to-FCF : 9.74 (As of May. 24, 2024)


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What is Empire Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Empire Co's current share price is C$33.88. Empire Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was C$3.48. Empire Co's Cyclically Adjusted Price-to-FCF for today is 9.74.

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

TSX:EMP.A' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.08   Med: 19.31   Max: 36.55
Current: 9.67

During the past years, Empire Co's highest Cyclically Adjusted Price-to-FCF was 36.55. The lowest was 9.08. And the median was 19.31.

TSX:EMP.A's Cyclically Adjusted Price-to-FCF is ranked better than
70.73% of 123 companies
in the Retail - Defensive industry
Industry Median: 15.72 vs TSX:EMP.A: 9.67

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.

Empire Co's adjusted free cash flow per share data for the three months ended in Jan. 2024 was C$2.032. 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 C$3.48 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Empire Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Empire Co'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.

Empire Co Cyclically Adjusted Price-to-FCF Chart

Empire Co Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.58 17.67 18.01 15.78 12.17

Empire Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 13.32 12.17 11.36 11.60 10.02

Competitive Comparison of Empire Co's Cyclically Adjusted Price-to-FCF

For the Grocery Stores subindustry, Empire Co'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.


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

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

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



Empire Co 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.

Empire Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=33.88/3.48
=9.74

* 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.

Empire Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Empire Co's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=2.032/125.0724*125.0724
=2.032

Current CPI (Jan. 2024) = 125.0724.

Empire Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.968 98.920 1.224
201407 0.953 99.315 1.200
201410 0.310 99.473 0.390
201501 0.588 98.209 0.749
201504 0.388 99.710 0.487
201507 0.554 100.579 0.689
201510 -0.113 100.500 -0.141
201601 0.168 100.184 0.210
201604 0.208 101.370 0.257
201607 0.384 101.844 0.472
201610 -0.104 102.002 -0.128
201701 0.015 102.318 0.018
201704 0.417 103.029 0.506
201707 0.372 103.029 0.452
201710 0.175 103.424 0.212
201801 0.785 104.056 0.944
201804 0.843 105.320 1.001
201807 0.401 106.110 0.473
201810 0.147 105.952 0.174
201901 0.570 105.557 0.675
201904 0.537 107.453 0.625
201907 1.150 108.243 1.329
201910 0.440 107.927 0.510
202001 1.225 108.085 1.418
202004 2.618 107.216 3.054
202007 0.941 108.401 1.086
202010 0.590 108.638 0.679
202101 1.618 109.192 1.853
202104 1.298 110.851 1.465
202107 0.782 112.431 0.870
202110 1.053 113.695 1.158
202201 2.163 114.801 2.357
202204 0.995 118.357 1.051
202207 0.826 120.964 0.854
202210 0.129 121.517 0.133
202301 0.969 121.596 0.997
202304 1.355 123.571 1.371
202307 1.639 124.914 1.641
202310 0.423 125.310 0.422
202401 2.032 125.072 2.032

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.


Empire Co  (TSX:EMP.A) 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.


Empire Co Cyclically Adjusted Price-to-FCF Related Terms

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


Empire Co (TSX:EMP.A) Business Description

Traded in Other Exchanges
Address
115 King Street, Stellarton, NS, CAN, B0K 1S0
Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations. The company's investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.

Empire Co (TSX:EMP.A) Headlines

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