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DENN (Denny's) Cyclically Adjusted FCF per Share : $0.71 (As of Dec. 2024)


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What is Denny's 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.

Denny's's adjusted free cash flow per share for the three months ended in Dec. 2024 was $-0.044. 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 $0.71 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Denny's's average Cyclically Adjusted FCF Growth Rate was -7.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 10.80% 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 Denny's was 75.10% per year. The lowest was -71.90% per year. And the median was 15.80% per year.

As of today (2025-04-30), Denny's's current stock price is $3.655. Denny's's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $0.71. Denny's's Cyclically Adjusted Price-to-FCF of today is 5.15.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Denny's was 45.38. The lowest was 4.21. And the median was 29.06.


Denny's Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Denny's'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.

Denny's Cyclically Adjusted FCF per Share Chart

Denny's Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.66 0.69 0.77 0.71

Denny's Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.77 0.76 0.77 0.75 0.71

Competitive Comparison of Denny's's Cyclically Adjusted FCF per Share

For the Restaurants subindustry, Denny's'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.


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

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

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


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Denny's 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, Denny's's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.044/133.1571*133.1571
=-0.044

Current CPI (Dec. 2024) = 133.1571.

Denny's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.082 99.621 0.110
201506 0.220 100.684 0.291
201509 0.146 100.392 0.194
201512 0.221 99.792 0.295
201603 0.061 100.470 0.081
201606 0.131 101.688 0.172
201609 0.178 101.861 0.233
201612 0.307 101.863 0.401
201703 0.068 102.862 0.088
201706 0.274 103.349 0.353
201709 0.077 104.136 0.098
201712 0.437 104.011 0.559
201803 -0.010 105.290 -0.013
201806 0.261 106.317 0.327
201809 0.189 106.507 0.236
201812 0.355 105.998 0.446
201903 0.147 107.251 0.183
201906 0.145 108.070 0.179
201909 0.016 108.329 0.020
201912 0.166 108.420 0.204
202003 -0.016 108.902 -0.020
202006 -0.207 108.767 -0.253
202009 -0.073 109.815 -0.089
202012 0.107 109.897 0.130
202103 0.132 111.754 0.157
202106 0.484 114.631 0.562
202109 0.268 115.734 0.308
202112 0.168 117.630 0.190
202203 -0.155 121.301 -0.170
202206 0.219 125.017 0.233
202209 0.186 125.227 0.198
202212 0.219 125.222 0.233
202303 0.257 127.348 0.269
202306 0.307 128.729 0.318
202309 0.230 129.860 0.236
202312 0.313 129.419 0.322
202403 -0.088 131.776 -0.089
202406 0.173 132.554 0.174
202409 -0.023 133.029 -0.023
202412 -0.044 133.157 -0.044

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


Denny's  (NAS:DENN) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.655/0.71
=5.15

* 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 Denny's was 45.38. The lowest was 4.21. And the median was 29.06.


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.


Denny's Cyclically Adjusted FCF per Share Related Terms

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


Denny's Business Description

Industry
Traded in Other Exchanges
Address
203 East Main Street, Spartanburg, SC, USA, 29319-9966
Denny's Corp is America's franchised full-service restaurant chains based on the number of restaurants. The company owns and operates the Denny's brand and the Keke's Breakfast Cafe brand. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelets, and others. The company generates its revenue from two sources: the sale of food and beverages and the collection of royalties, advertising revenue, initial and other fees, including occupancy revenue, from restaurants operated by their franchisees. Geographically operates in USA states as well as globally like Canada, Mexico, Guatemala, Indonesia, United Kingdom, New Zealand and others. Maximum revenue is from USA and Canada.
Executives
Stephen C. Dunn officer: Sr. V.P., Global Development 203 EAST MAIN STREET, SPARTANBURG SC 29319
Kelli Valade director, officer: CEO and President 6820 LBJ FREEWAY, DALLAS TX 75240
Christopher D Bode officer: Sr. V.P., Operations 203 EAST MAIN STREET, SPARTANBURG SC 29319
Robert P. Verostek officer: Senior Vice President, Finance 203 EAST MAIN STREET, SPARTANBURG SC 29319
Jay C Gilmore officer: VP, CAO & Corporate Controller 203 EAST MAIN STREET, MSP1202, SPARTANBURG SC 29319
Brenda J Lauderback director IRWIN FINANCIAL CORPORATION, 500 WASHINGTON STREET, COLUMBUS IN 47201
John C Miller director, officer: CEO and President
Pankaj K Patra officer: EVP, Chief Digital & Tech Ofc 12157 BETHEL DR., FRISCO TX 75033
Stephanie J. Davidson officer: EVP, Chief People Officer 203 EAST MAIN STREET, SPARTANBURG SC 29319
Gail Sharps Myers officer: Senior VP, General Counsel 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Donald C. Robinson director 203 EAST MAIN STREET, MS P12-02, SPARTANBURG SC 29319
F Mark Wolfinger officer: Sr. V.P., CFO DENNY'S CORPORATION, 203 EAST MAIN STREET, SPARTANBURG SC 29319
Olufunlayo Olurinde Fajemirokun-beck director C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
John William Dillon officer: Sr VP, Chief Marketing Officer 203 EAST MAIN STREET, SPARTANBURG SC 29319
Timothy E. Flemming officer: Sr. V.P., General Counsel 203 EAST MAIN STREET, SPARTANBURG SC 29319