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LSTR (Landstar System) Cyclically Adjusted FCF per Share : $8.10 (As of Sep. 2024)


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What is Landstar System 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.

Landstar System's adjusted free cash flow per share for the three months ended in Sep. 2024 was $2.135. 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 $8.10 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Landstar System's average Cyclically Adjusted FCF Growth Rate was 9.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.40% 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 Landstar System was 33.30% per year. The lowest was 4.60% per year. And the median was 11.90% per year.

As of today (2024-12-11), Landstar System's current stock price is $188.35. Landstar System's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $8.10. Landstar System's Cyclically Adjusted Price-to-FCF of today is 23.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Landstar System was 38.93. The lowest was 17.91. And the median was 27.29.


Landstar System Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Landstar System'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.

Landstar System Cyclically Adjusted FCF per Share Chart

Landstar System 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 4.04 4.37 5.06 6.70 7.51

Landstar System Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.40 7.51 7.85 8.01 8.10

Competitive Comparison of Landstar System's Cyclically Adjusted FCF per Share

For the Integrated Freight & Logistics subindustry, Landstar System'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.


Landstar System's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Landstar System's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2.135/133.0289*133.0289
=2.135

Current CPI (Sep. 2024) = 133.0289.

Landstar System Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.619 99.070 0.831
201503 1.046 99.621 1.397
201506 0.730 100.684 0.965
201509 1.498 100.392 1.985
201512 1.562 99.792 2.082
201603 1.676 100.470 2.219
201606 0.590 101.688 0.772
201609 1.358 101.861 1.774
201612 0.337 101.863 0.440
201703 1.356 102.862 1.754
201706 0.386 103.349 0.497
201709 1.197 104.136 1.529
201712 -0.002 104.011 -0.003
201803 1.620 105.290 2.047
201806 0.981 106.317 1.227
201809 2.139 106.507 2.672
201812 2.253 105.998 2.828
201903 2.909 107.251 3.608
201906 1.452 108.070 1.787
201909 1.786 108.329 2.193
201912 1.087 108.420 1.334
202003 2.376 108.902 2.902
202006 2.274 108.767 2.781
202009 -0.536 109.815 -0.649
202012 0.520 109.897 0.629
202103 1.714 111.754 2.040
202106 1.624 114.631 1.885
202109 1.838 115.734 2.113
202112 1.452 117.630 1.642
202203 2.441 121.301 2.677
202206 3.003 125.017 3.195
202209 5.865 125.227 6.230
202212 5.056 125.222 5.371
202303 3.691 127.348 3.856
202306 1.288 128.729 1.331
202309 3.040 129.860 3.114
202312 2.222 129.419 2.284
202403 2.376 131.776 2.399
202406 1.140 132.554 1.144
202409 2.135 133.029 2.135

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


Landstar System  (NAS:LSTR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=188.35/8.1
=23.25

* 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 Landstar System was 38.93. The lowest was 17.91. And the median was 27.29.


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.


Landstar System Cyclically Adjusted FCF per Share Related Terms

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


Landstar System Business Description

Industry
Traded in Other Exchanges
Address
13410 Sutton Park Drive South, Jacksonville, FL, USA, 32224
Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, around half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.
Executives
James P Todd officer: VP and CFO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
David G/ Bannister director C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Ricardo S Coro officer: Vice President - CIO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Michael K Kneller officer: VP General Counsel & Secy 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Joseph J Beacom officer: VP, Chief Safety Officer 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
James B Gattoni officer: Vice President - Controller 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Aimee M Cooper officer: VP & CAO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Teresa L White director 1932 WYNNTON RD, COLUMBUS GA 31999
James L Liang director C/O LENCO MOBILE INC., 345 CHAPALA STREET, SANTA BARBARA CA 93101
Federico L Pensotti officer: VP and CFO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
L Kevin Stout officer: VP, CFO and Asst Secretary 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Dr. Homaira Akbari director 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Larry J Thoele director 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Diana M Murphy director C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Anthony J Orlando director TWO NORTH RIVERSIDE PLAZA, STE 600, CHICAGO IL 60606