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Domino's Pizza (BSP:D2PZ34) Cyclically Adjusted FCF per Share : R$0.94 (As of Dec. 2023)


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What is Domino's Pizza 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.

Domino's Pizza's adjusted free cash flow per share for the three months ended in Dec. 2023 was R$0.343. 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$0.94 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Domino's Pizza's average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 23.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 20.20% 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 Domino's Pizza was 27.20% per year. The lowest was 7.70% per year. And the median was 20.60% per year.

As of today (2024-04-30), Domino's Pizza's current stock price is R$53.18. Domino's Pizza's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$0.94. Domino's Pizza's Cyclically Adjusted Price-to-FCF of today is 56.57.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Domino's Pizza was 94.93. The lowest was 32.36. And the median was 62.16.


Domino's Pizza Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Domino's Pizza'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.

Domino's Pizza Cyclically Adjusted FCF per Share Chart

Domino's Pizza 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 - - 0.80 0.89 0.94

Domino's Pizza 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 0.89 0.89 0.88 0.96 0.94

Competitive Comparison of Domino's Pizza's Cyclically Adjusted FCF per Share

For the Restaurants subindustry, Domino's Pizza'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.


Domino's Pizza's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Domino's Pizza's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Domino's Pizza 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, Domino's Pizza'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)
=0.343/129.4194*129.4194
=0.343

Current CPI (Dec. 2023) = 129.4194.

Domino's Pizza Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.024 99.695 0.031
201406 0.010 100.560 0.013
201409 0.038 100.428 0.049
201412 0.032 99.070 0.042
201503 0.085 99.621 0.110
201506 0.007 100.684 0.009
201509 0.070 100.392 0.090
201512 0.141 99.792 0.183
201603 0.010 100.470 0.013
201606 0.051 101.688 0.065
201609 0.106 101.861 0.135
201612 0.151 101.863 0.192
201703 0.081 102.862 0.102
201706 0.031 103.349 0.039
201709 0.133 104.136 0.165
201712 0.094 104.011 0.117
201803 0.103 105.290 0.127
201806 0.082 106.317 0.100
201809 0.153 106.507 0.186
201812 0.141 105.998 0.172
201903 0.154 107.251 0.186
201906 0.166 108.070 0.199
201909 0.208 108.329 0.248
201912 0.258 108.420 0.308
202003 0.192 108.902 0.228
202006 0.262 108.767 0.312
202009 0.383 109.815 0.451
202012 0.483 109.897 0.569
202103 0.392 111.754 0.454
202106 0.332 114.631 0.375
202109 0.488 115.734 0.546
202112 0.392 117.630 0.431
202203 0.181 121.301 0.193
202206 0.151 125.017 0.156
202209 0.462 125.227 0.477
202212 0.320 125.222 0.331
202303 0.279 127.348 0.284
202306 0.297 128.729 0.299
202309 0.443 129.860 0.441
202312 0.343 129.419 0.343

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


Domino's Pizza  (BSP:D2PZ34) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=53.18/0.94
=56.57

* 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 Domino's Pizza was 94.93. The lowest was 32.36. And the median was 62.16.


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.


Domino's Pizza Cyclically Adjusted FCF per Share Related Terms

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Domino's Pizza (BSP:D2PZ34) Business Description

Traded in Other Exchanges
Address
30 Frank Lloyd Wright Drive, Ann Arbor, MI, USA, 48105
Domino's is a restaurant operator and franchiser with nearly 20,000 global stores across more than 90 international markets at the end of 2022. The firm generates revenue through the sales of pizza, wings, salads, sandwiches, and desserts at company-owned stores, royalty and marketing contributions from franchise-operated stores, and its network of 26 domestic (and five Canadian) dough manufacturing and supply chain facilities, which centralize purchasing, preparation, and last-mile delivery for the firm's U.S. and Canadian restaurants. With roughly $17.7 billion in 2022 system sales, Domino's is the largest player in the global pizza market, ahead of Pizza Hut, Little Caesars, and Papa John's.

Domino's Pizza (BSP:D2PZ34) Headlines

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