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La-Z-Boy (FRA:LAZ) Cyclically Adjusted FCF per Share : €2.82 (As of Jan. 2025)


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What is La-Z-Boy 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.

La-Z-Boy's adjusted free cash flow per share for the three months ended in Jan. 2025 was €0.878. 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 €2.82 for the trailing ten years ended in Jan. 2025.

During the past 12 months, La-Z-Boy's average Cyclically Adjusted FCF Growth Rate was 11.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 13.90% 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 La-Z-Boy was 18.60% per year. The lowest was -9.20% per year. And the median was 11.00% per year.

As of today (2025-05-21), La-Z-Boy's current stock price is €38.40. La-Z-Boy's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2025 was €2.82. La-Z-Boy's Cyclically Adjusted Price-to-FCF of today is 13.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of La-Z-Boy was 35.69. The lowest was 9.64. And the median was 20.04.


La-Z-Boy Cyclically Adjusted FCF per Share Historical Data

The historical data trend for La-Z-Boy'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.

La-Z-Boy Cyclically Adjusted FCF per Share Chart

La-Z-Boy Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.46 1.79 2.15 2.22 2.53

La-Z-Boy Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 2.44 2.53 2.58 2.62 2.82

Competitive Comparison of La-Z-Boy's Cyclically Adjusted FCF per Share

For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy'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.


La-Z-Boy's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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La-Z-Boy 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, La-Z-Boy's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=0.878/134.0288*134.0288
=0.878

Current CPI (Jan. 2025) = 134.0288.

La-Z-Boy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201504 0.319 99.824 0.428
201507 -0.089 100.691 -0.118
201510 0.223 100.346 0.298
201601 0.767 99.957 1.028
201604 0.698 100.947 0.927
201607 0.557 101.524 0.735
201610 0.245 101.988 0.322
201701 0.640 102.456 0.837
201704 0.950 103.167 1.234
201707 0.184 103.278 0.239
201710 0.432 104.070 0.556
201801 0.553 104.578 0.709
201804 0.212 105.708 0.269
201807 0.296 106.324 0.373
201810 0.053 106.695 0.067
201901 0.679 106.200 0.857
201904 0.870 107.818 1.081
201907 0.133 108.250 0.165
201910 0.457 108.577 0.564
202001 1.036 108.841 1.276
202004 0.673 108.173 0.834
202007 1.826 109.318 2.239
202010 1.537 109.861 1.875
202101 0.751 110.364 0.912
202104 0.883 112.673 1.050
202107 -0.246 115.183 -0.286
202110 -0.091 116.696 -0.105
202201 0.090 118.619 0.102
202204 0.339 121.978 0.372
202207 0.276 125.002 0.296
202210 -0.508 125.734 -0.542
202301 1.702 126.223 1.807
202304 1.395 127.992 1.461
202307 0.260 128.974 0.270
202310 0.391 129.810 0.404
202401 0.785 130.124 0.809
202404 0.806 132.289 0.817
202407 0.795 132.708 0.803
202410 -0.026 133.182 -0.026
202501 0.878 134.029 0.878

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


La-Z-Boy  (FRA:LAZ) 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.

La-Z-Boy's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.40/2.82
=13.62

* 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 La-Z-Boy was 35.69. The lowest was 9.64. And the median was 20.04.


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.


La-Z-Boy Cyclically Adjusted FCF per Share Related Terms

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


La-Z-Boy Business Description

Traded in Other Exchanges
Address
One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment.