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FirstCash Holdings (FirstCash Holdings) Cyclically Adjusted Price-to-FCF : 21.72 (As of May. 15, 2024)


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What is FirstCash Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), FirstCash Holdings's current share price is $116.64. FirstCash Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.37. FirstCash Holdings's Cyclically Adjusted Price-to-FCF for today is 21.72.

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

FCFS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.07   Med: 24.98   Max: 41.83
Current: 21.73

During the past years, FirstCash Holdings's highest Cyclically Adjusted Price-to-FCF was 41.83. The lowest was 15.07. And the median was 24.98.

FCFS's Cyclically Adjusted Price-to-FCF is ranked worse than
74.04% of 104 companies
in the Credit Services industry
Industry Median: 9.315 vs FCFS: 21.73

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.

FirstCash Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $2.117. 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 $5.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FirstCash Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FirstCash Holdings'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.

FirstCash Holdings Cyclically Adjusted Price-to-FCF Chart

FirstCash Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.65 21.22 19.79 18.65 20.68

FirstCash Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.63 18.57 19.38 20.68 23.76

Competitive Comparison of FirstCash Holdings's Cyclically Adjusted Price-to-FCF

For the Credit Services subindustry, FirstCash Holdings'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.


FirstCash Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, FirstCash Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



FirstCash Holdings 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.

FirstCash Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=116.64/5.37
=21.72

* 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.

FirstCash Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, FirstCash Holdings'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)
=2.117/129.4194*129.4194
=2.117

Current CPI (Mar. 2024) = 129.4194.

FirstCash Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.578 100.560 0.744
201409 0.522 100.428 0.673
201412 0.771 99.070 1.007
201503 0.805 99.621 1.046
201506 0.361 100.684 0.464
201509 0.577 100.392 0.744
201512 0.787 99.792 1.021
201603 0.663 100.470 0.854
201606 0.133 101.688 0.169
201609 -0.157 101.861 -0.199
201612 1.214 101.863 1.542
201703 1.153 102.862 1.451
201706 0.613 103.349 0.768
201709 0.773 104.136 0.961
201712 1.528 104.011 1.901
201803 1.849 105.290 2.273
201806 0.434 106.317 0.528
201809 0.974 106.507 1.184
201812 1.350 105.998 1.648
201903 1.421 107.251 1.715
201906 0.486 108.070 0.582
201909 1.104 108.329 1.319
201912 1.323 108.420 1.579
202003 1.590 108.902 1.890
202006 1.349 108.767 1.605
202009 0.643 109.815 0.758
202012 0.852 109.897 1.003
202103 1.454 111.754 1.684
202106 0.810 114.631 0.914
202109 0.334 115.734 0.373
202112 1.798 117.630 1.978
202203 2.342 121.301 2.499
202206 1.978 125.017 2.048
202209 1.895 125.227 1.958
202212 2.957 125.222 3.056
202303 2.089 127.348 2.123
202306 1.764 128.729 1.773
202309 2.049 129.860 2.042
202312 1.882 129.419 1.882
202403 2.117 129.419 2.117

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.


FirstCash Holdings  (NAS:FCFS) 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.


FirstCash Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


FirstCash Holdings (FirstCash Holdings) Business Description

Traded in Other Exchanges
Address
1600 West 7th Street, Fort Worth, TX, USA, 76102
FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores. Revenue is split almost equally between loans made in the United States, where the company has more than 300 retail locations, and loans made in Latin America, where the company has over 700 locations in Mexico and several more in Guatemala.
Executives
R Douglas Orr officer: EVP & Chief Financial Officer 1600 WEST 7TH STREET, FORT WORTH TX 76102
Douglas Richard Rippel director, 10 percent owner 8425 MYSTIC LAKES, MAIZE KS 67101
Randel G Owen director C/O EMERGENCY MEDICAL SERVICES CORP, 6200 SOUTH SYRACUSE WAY, GREENWOOD VILLAGE CO 80111
Howard F Hambleton officer: AFF President 1660 WEST 7TH ST., FORT WORTH TX 76102
Raul Ramos officer: SVP Latin American Operations 1600 WEST 7TH STREET, FORT WORTH TX 76102
James H Graves director ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Marthea Davis director 1600 WEST 7TH ST., FORT WORTH TX 76102
Douglas R. Rippel Revocable Trust 10 percent owner 7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Aff Services, Inc. 10 percent owner 7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Paula K Garrett director 1600 WEST 7TH ST, FORT WORTH TX 76102
Mikel D Faulkner director 180 STATE STREET 200, SOUTHLAKE TX 76092
Daniel R Feehan director CASH AMERICA INTL INC, 1600 W &TH ST, FORT WORTH TX 76102
Thomas Brent Stuart officer: President and COO 1600 W. 7TH STREET, FORT WORTH TX 76102
Anna M Alvarado officer: General Counsel 1600 WEST 7TH STREET, FORT WORTH TX 76102
Daniel E Berce director 801 CHERRY STREET, SUITE 3900, C/O GM FINANCIAL COMPANY, INC., FORT WORTH TX 76102

FirstCash Holdings (FirstCash Holdings) Headlines

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