GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Estee Lauder Companies Inc (FRA:ELAA) » Definitions » Cyclically Adjusted FCF per Share

The Estee Lauder (FRA:ELAA) Cyclically Adjusted FCF per Share : €4.11 (As of Dec. 2023)


View and export this data going back to 1995. Start your Free Trial

What is The Estee Lauder 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.

The Estee Lauder's adjusted free cash flow per share for the three months ended in Dec. 2023 was €2.835. 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 €4.11 for the trailing ten years ended in Dec. 2023.

During the past 12 months, The Estee Lauder's average Cyclically Adjusted FCF Growth Rate was -10.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 14.40% 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 The Estee Lauder was 22.10% per year. The lowest was 8.80% per year. And the median was 15.10% per year.

As of today (2024-04-29), The Estee Lauder's current stock price is €135.00. The Estee Lauder's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €4.11. The Estee Lauder's Cyclically Adjusted Price-to-FCF of today is 32.85.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Estee Lauder was 84.14. The lowest was 25.16. And the median was 49.44.


The Estee Lauder Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The Estee Lauder'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.

The Estee Lauder Cyclically Adjusted FCF per Share Chart

The Estee Lauder Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.83 3.12 3.58 4.90 4.09

The Estee Lauder 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 4.74 4.68 4.09 4.16 4.11

Competitive Comparison of The Estee Lauder's Cyclically Adjusted FCF per Share

For the Household & Personal Products subindustry, The Estee Lauder'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.


The Estee Lauder's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Estee Lauder's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



The Estee Lauder 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, The Estee Lauder'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)
=2.835/129.4194*129.4194
=2.835

Current CPI (Dec. 2023) = 129.4194.

The Estee Lauder Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.481 99.695 0.624
201406 0.374 100.560 0.481
201409 0.098 100.428 0.126
201412 1.591 99.070 2.078
201503 0.718 99.621 0.933
201506 0.847 100.684 1.089
201509 -0.193 100.392 -0.249
201512 2.004 99.792 2.599
201603 0.581 100.470 0.748
201606 0.668 101.688 0.850
201609 -0.561 101.861 -0.713
201612 2.165 101.863 2.751
201703 0.804 102.862 1.012
201706 0.833 103.349 1.043
201709 -0.076 104.136 -0.094
201712 2.719 104.011 3.383
201803 0.812 105.290 0.998
201806 0.868 106.317 1.057
201809 -0.565 106.507 -0.687
201812 2.918 105.998 3.563
201903 0.803 107.251 0.969
201906 1.099 108.070 1.316
201909 -0.727 108.329 -0.869
201912 3.090 108.420 3.688
202003 1.289 108.902 1.532
202006 0.436 108.767 0.519
202009 0.560 109.815 0.660
202012 3.319 109.897 3.909
202103 1.509 111.754 1.748
202106 1.358 114.631 1.533
202109 -0.661 115.734 -0.739
202112 4.045 117.630 4.450
202203 -0.190 121.301 -0.203
202206 1.800 125.017 1.863
202209 -2.241 125.227 -2.316
202212 2.970 125.222 3.070
202303 0.065 127.348 0.066
202306 -4.898 128.729 -4.924
202309 -1.827 129.860 -1.821
202312 2.835 129.419 2.835

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


The Estee Lauder  (FRA:ELAA) 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.

The Estee Lauder's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=135.00/4.11
=32.85

* 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 The Estee Lauder was 84.14. The lowest was 25.16. And the median was 49.44.


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.


The Estee Lauder Cyclically Adjusted FCF per Share Related Terms

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


The Estee Lauder (FRA:ELAA) Business Description

Address
767 Fifth Avenue, New York, NY, USA, 10153
Estee Lauder is a leader in the global prestige beauty market, participating across skin care (56% of 2022 sales), makeup (26%), fragrance (14%), and hair care (4%) categories, with top-selling brands such as Estee Lauder, Clinique, M.A.C, La Mer, Jo Malone London, Aveda, Bobbi Brown, and Origins. The firm operates in more than 150 countries, generating 26% of revenue from the Americas, 43% from Europe, the Middle East and Africa (including travel retail), and 31% from Asia Pacific. Estee Lauder sells its products through department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.

The Estee Lauder (FRA:ELAA) Headlines

No Headlines