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Arezzo Industria E Comercio (BSP:ARZZ3) Cyclically Adjusted FCF per Share : R$1.24 (As of Dec. 2023)


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What is Arezzo Industria E Comercio 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.

Arezzo Industria E Comercio's adjusted free cash flow per share for the three months ended in Dec. 2023 was R$2.047. 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 R$1.24 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Arezzo Industria E Comercio's average Cyclically Adjusted FCF Growth Rate was 12.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.50% 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 Arezzo Industria E Comercio was 13.60% per year. The lowest was 8.50% per year. And the median was 11.05% per year.

As of today (2024-05-05), Arezzo Industria E Comercio's current stock price is R$52.63. Arezzo Industria E Comercio's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$1.24. Arezzo Industria E Comercio's Cyclically Adjusted Price-to-FCF of today is 42.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Arezzo Industria E Comercio was 104.81. The lowest was 41.52. And the median was 75.51.


Arezzo Industria E Comercio Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Arezzo Industria E Comercio'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.

Arezzo Industria E Comercio Cyclically Adjusted FCF per Share Chart

Arezzo Industria E Comercio Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.97 1.11 1.10 1.24

Arezzo Industria E Comercio Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.10 0.96 0.96 1.03 1.24

Competitive Comparison of Arezzo Industria E Comercio's Cyclically Adjusted FCF per Share

For the Footwear & Accessories subindustry, Arezzo Industria E Comercio'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.


Arezzo Industria E Comercio's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Arezzo Industria E Comercio's Cyclically Adjusted Price-to-FCF falls into.



Arezzo Industria E Comercio 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, Arezzo Industria E Comercio's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.047/156.2729*156.2729
=2.047

Current CPI (Dec. 2023) = 156.2729.

Arezzo Industria E Comercio Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.271 90.447 0.468
201406 -0.062 91.838 -0.106
201409 0.243 92.602 0.410
201412 0.218 94.194 0.362
201503 0.157 97.799 0.251
201506 0.083 100.006 0.130
201509 -0.001 101.392 -0.002
201512 0.497 104.247 0.745
201603 0.183 106.979 0.267
201606 -0.019 108.851 -0.027
201609 0.232 109.986 0.330
201612 0.460 110.802 0.649
201703 0.568 111.869 0.793
201706 0.393 112.115 0.548
201709 0.313 112.777 0.434
201712 0.401 114.068 0.549
201803 0.248 114.868 0.337
201806 0.125 117.038 0.167
201809 0.142 117.881 0.188
201812 0.248 118.340 0.327
201903 0.378 120.124 0.492
201906 0.256 120.977 0.331
201909 0.463 121.292 0.597
201912 0.424 123.436 0.537
202003 -0.094 124.092 -0.118
202006 -0.266 123.557 -0.336
202009 0.512 125.095 0.640
202012 1.703 129.012 2.063
202103 0.305 131.660 0.362
202106 -0.032 133.871 -0.037
202109 -0.271 137.913 -0.307
202112 0.679 141.992 0.747
202203 -0.417 146.537 -0.445
202206 -0.003 149.784 -0.003
202209 -0.539 147.800 -0.570
202212 0.088 150.207 0.092
202303 -1.129 153.352 -1.151
202306 0.026 154.519 0.026
202309 0.590 155.464 0.593
202312 2.047 156.273 2.047

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


Arezzo Industria E Comercio  (BSP:ARZZ3) 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.

Arezzo Industria E Comercio's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=52.63/1.24
=42.44

* 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 Arezzo Industria E Comercio was 104.81. The lowest was 41.52. And the median was 75.51.


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.


Arezzo Industria E Comercio Cyclically Adjusted FCF per Share Related Terms

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


Arezzo Industria E Comercio (BSP:ARZZ3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 1303, Belo Horizonte, MG, BRA, 30112000
Arezzo Industria e Comercio S.A. together with its subsidiaries engages in the manufacturing, development, molding, and sale of footwear, bags, and women's clothing and accessories. It operates more than 400 franchises and approximately 48 stores and an e-commerce website for the sale of products under the brand names Schutz, Arezzo, Alexandre Birman, Fiever, Vans, Reserva, Reserva Mini, Reserva Go, Oficina, INK, EVA, Troc, Baw, MyShoes, Carol Bassi, Brizza, Reversa, Simples Reserva, Unbrand Reserva and Anacapri. The company derives revenue through the sale of products and Royalty income.

Arezzo Industria E Comercio (BSP:ARZZ3) Headlines

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