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The Toro Co (FRA:TO2) Cyclically Adjusted FCF per Share : €2.68 (As of Jan. 2024)


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What is The Toro Co 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 Toro Co's adjusted free cash flow per share for the three months ended in Jan. 2024 was €-0.976. 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 €2.68 for the trailing ten years ended in Jan. 2024.

During the past 12 months, The Toro Co's average Cyclically Adjusted FCF Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.90% 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 The Toro Co was 146.60% per year. The lowest was 6.80% per year. And the median was 14.50% per year.

As of today (2024-05-21), The Toro Co's current stock price is €80.38. The Toro Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €2.68. The Toro Co's Cyclically Adjusted Price-to-FCF of today is 29.99.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Toro Co was 50.59. The lowest was 21.03. And the median was 34.22.


The Toro Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The Toro Co'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 Toro Co Cyclically Adjusted FCF per Share Chart

The Toro Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 1.84 2.27 2.81 2.77

The Toro Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2.53 2.61 2.57 2.77 2.68

Competitive Comparison of The Toro Co's Cyclically Adjusted FCF per Share

For the Tools & Accessories subindustry, The Toro Co'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 Toro Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Toro Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



The Toro Co 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 Toro Co's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-0.976/130.1244*130.1244
=-0.976

Current CPI (Jan. 2024) = 130.1244.

The Toro Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.476 100.023 0.619
201407 0.424 100.520 0.549
201410 0.002 100.176 0.003
201501 -0.252 98.604 -0.333
201504 0.821 99.824 1.070
201507 0.502 100.691 0.649
201510 0.498 100.346 0.646
201601 -0.050 99.957 -0.065
201604 1.038 100.947 1.338
201607 1.159 101.524 1.486
201610 0.523 101.988 0.667
201701 0.031 102.456 0.039
201704 1.190 103.167 1.501
201707 0.736 103.278 0.927
201710 0.480 104.070 0.600
201801 -0.020 104.578 -0.025
201804 0.792 105.708 0.975
201807 0.827 106.324 1.012
201810 0.543 106.695 0.662
201901 0.096 106.200 0.118
201904 0.979 107.818 1.182
201907 0.591 108.250 0.710
201910 0.352 108.577 0.422
202001 -0.291 108.841 -0.348
202004 0.668 108.173 0.804
202007 1.728 109.318 2.057
202010 1.576 109.861 1.867
202101 0.635 110.364 0.749
202104 1.596 112.673 1.843
202107 1.068 115.183 1.207
202110 0.179 116.696 0.200
202201 -0.850 118.619 -0.932
202204 0.953 121.978 1.017
202207 0.670 125.002 0.697
202210 0.723 125.734 0.748
202301 -0.863 126.223 -0.890
202304 0.775 127.992 0.788
202307 0.498 128.974 0.502
202310 0.977 129.810 0.979
202401 -0.976 130.124 -0.976

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


The Toro Co  (FRA:TO2) 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 Toro Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=80.38/2.68
=29.99

* 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 Toro Co was 50.59. The lowest was 21.03. And the median was 34.22.


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 Toro Co Cyclically Adjusted FCF per Share Related Terms

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


The Toro Co (FRA:TO2) Business Description

Industry
Traded in Other Exchanges
Address
8111 Lyndale Avenue South, Bloomington, MN, USA, 55420-1196
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.

The Toro Co (FRA:TO2) Headlines

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