GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lojas Renner SA (BSP:LREN3) » Definitions » Cyclically Adjusted FCF per Share

Lojas Renner (BSP:LREN3) Cyclically Adjusted FCF per Share : R$0.59 (As of Dec. 2023)


View and export this data going back to 2005. Start your Free Trial

What is Lojas Renner 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.

Lojas Renner's adjusted free cash flow per share for the three months ended in Dec. 2023 was R$0.702. 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$0.59 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Lojas Renner's average Cyclically Adjusted FCF Growth Rate was 55.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 28.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.30% 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 Lojas Renner was 28.20% per year. The lowest was -1.20% per year. And the median was 4.10% per year.

As of today (2024-05-15), Lojas Renner's current stock price is R$14.90. Lojas Renner's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$0.59. Lojas Renner's Cyclically Adjusted Price-to-FCF of today is 25.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lojas Renner was 160.61. The lowest was 23.48. And the median was 101.93.


Lojas Renner Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Lojas Renner'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.

Lojas Renner Cyclically Adjusted FCF per Share Chart

Lojas Renner 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 0.34 0.28 0.33 0.38 0.59

Lojas Renner 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 0.38 0.43 0.44 0.52 0.59

Competitive Comparison of Lojas Renner's Cyclically Adjusted FCF per Share

For the Department Stores subindustry, Lojas Renner'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.


Lojas Renner's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lojas Renner's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Lojas Renner 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, Lojas Renner'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)
=0.702/156.2729*156.2729
=0.702

Current CPI (Dec. 2023) = 156.2729.

Lojas Renner Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.048 90.447 -0.083
201406 0.120 91.838 0.204
201409 -0.107 92.602 -0.181
201412 0.167 94.194 0.277
201503 -0.106 97.799 -0.169
201506 0.126 100.006 0.197
201509 0.026 101.392 0.040
201512 0.186 104.247 0.279
201603 0.019 106.979 0.028
201606 0.238 108.851 0.342
201609 0.042 109.986 0.060
201612 0.253 110.802 0.357
201703 -0.198 111.869 -0.277
201706 0.324 112.115 0.452
201709 -0.143 112.777 -0.198
201712 0.347 114.068 0.475
201803 -0.311 114.868 -0.423
201806 0.158 117.038 0.211
201809 -0.010 117.881 -0.013
201812 0.389 118.340 0.514
201903 -0.171 120.124 -0.222
201906 0.476 120.977 0.615
201909 0.330 121.292 0.425
201912 0.318 123.436 0.403
202003 -0.418 124.092 -0.526
202006 -0.203 123.557 -0.257
202009 0.120 125.095 0.150
202012 0.569 129.012 0.689
202103 -0.075 131.660 -0.089
202106 -0.565 133.871 -0.660
202109 0.610 137.913 0.691
202112 0.287 141.992 0.316
202203 -0.092 146.537 -0.098
202206 0.255 149.784 0.266
202209 0.026 147.800 0.027
202212 0.255 150.207 0.265
202303 0.017 153.352 0.017
202306 0.424 154.519 0.429
202309 0.707 155.464 0.711
202312 0.702 156.273 0.702

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


Lojas Renner  (BSP:LREN3) 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.

Lojas Renner's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.90/0.59
=25.25

* 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 Lojas Renner was 160.61. The lowest was 23.48. And the median was 101.93.


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.


Lojas Renner Cyclically Adjusted FCF per Share Related Terms

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


Lojas Renner (BSP:LREN3) Business Description

Traded in Other Exchanges
Address
Avenida Joaquim Porto Villanova, 401, Porto Alegre, RS, BRA, 91410-400
Lojas Renner SA is a retailer that operates stores under brand names including Renner, Camicado, and Youcom. Renner and Youcom stores sell clothing, sports articles, accessories, and cosmetics. Camicado sells houseware and home decor products, including appliances, towels and linen, and kitchen products. Lojas retail segment provides the vast majority of the company's revenue. The company also has a financial products segment that offers credit cards to its customers. Nearly all of the company's stores and sales are in Brazil.

Lojas Renner (BSP:LREN3) Headlines

No Headlines