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Crocs (FRA:C7N) Cyclically Adjusted FCF per Share : €3.49 (As of Mar. 2024)


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What is Crocs 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.

Crocs's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.653. 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 €3.49 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Crocs's average Cyclically Adjusted FCF Growth Rate was 54.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 65.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 51.80% 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 Crocs was 65.00% per year. The lowest was 29.10% per year. And the median was 47.70% per year.

As of today (2024-05-13), Crocs's current stock price is €129.40. Crocs's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.49. Crocs's Cyclically Adjusted Price-to-FCF of today is 37.08.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Crocs was 225.57. The lowest was 18.57. And the median was 50.50.


Crocs Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Crocs'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.

Crocs Cyclically Adjusted FCF per Share Chart

Crocs 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 0.51 0.67 1.43 2.21 3.46

Crocs Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.23 2.55 2.97 3.46 3.49

Competitive Comparison of Crocs's Cyclically Adjusted FCF per Share

For the Footwear & Accessories subindustry, Crocs'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.


Crocs's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Crocs 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, Crocs'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)
=-0.653/129.4194*129.4194
=-0.653

Current CPI (Mar. 2024) = 129.4194.

Crocs Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.258 100.560 0.332
201409 -0.012 100.428 -0.015
201412 -0.201 99.070 -0.263
201503 -0.632 99.621 -0.821
201506 0.461 100.684 0.593
201509 0.094 100.392 0.121
201512 -0.049 99.792 -0.064
201603 -0.763 100.470 -0.983
201606 0.837 101.688 1.065
201609 0.050 101.861 0.064
201612 0.083 101.863 0.105
201703 -0.693 102.862 -0.872
201706 0.984 103.349 1.232
201709 0.455 104.136 0.565
201712 0.231 104.011 0.287
201803 -0.546 105.290 -0.671
201806 1.029 106.317 1.253
201809 0.507 106.507 0.616
201812 0.274 105.998 0.335
201903 -0.878 107.251 -1.059
201906 0.932 108.070 1.116
201909 0.503 108.329 0.601
201912 0.168 108.420 0.201
202003 -1.320 108.902 -1.569
202006 1.526 108.767 1.816
202009 1.360 109.815 1.603
202012 1.196 109.897 1.408
202103 0.279 111.754 0.323
202106 2.554 114.631 2.883
202109 1.320 115.734 1.476
202112 2.827 117.630 3.110
202203 -1.619 121.301 -1.727
202206 2.076 125.017 2.149
202209 2.091 125.227 2.161
202212 5.163 125.222 5.336
202303 -0.263 127.348 -0.267
202306 4.373 128.729 4.396
202309 3.275 129.860 3.264
202312 4.820 129.419 4.820
202403 -0.653 129.419 -0.653

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


Crocs  (FRA:C7N) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=129.40/3.49
=37.08

* 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 Crocs was 225.57. The lowest was 18.57. And the median was 50.50.


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.


Crocs Cyclically Adjusted FCF per Share Related Terms

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


Crocs (FRA:C7N) Business Description

Traded in Other Exchanges
Address
13601 Via Varra, Broomfield, CO, USA, 80020
Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include Americas, Asia pacific, and EMEA.

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