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Zalando SE (LTS:0QXN) Cyclically Adjusted FCF per Share : €0.56 (As of Dec. 2023)


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What is Zalando SE 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.

Zalando SE's adjusted free cash flow per share for the three months ended in Dec. 2023 was €2.387. 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 €0.56 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Zalando SE's average Cyclically Adjusted FCF Growth Rate was 60.00% 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.

As of today (2024-04-30), Zalando SE's current stock price is €25.445. Zalando SE's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.56. Zalando SE's Cyclically Adjusted Price-to-FCF of today is 45.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Zalando SE was 290.82. The lowest was 29.20. And the median was 102.35.


Zalando SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Zalando SE'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.

Zalando SE Cyclically Adjusted FCF per Share Chart

Zalando SE 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 - - - 0.36 0.56

Zalando SE 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 0.36 0.26 0.39 0.33 0.56

Competitive Comparison of Zalando SE's Cyclically Adjusted FCF per Share

For the Internet Retail subindustry, Zalando SE'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.


Zalando SE's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zalando SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Zalando SE 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, Zalando SE'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)
=2.387/123.6675*123.6675
=2.387

Current CPI (Dec. 2023) = 123.6675.

Zalando SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.191 99.543 -0.237
201406 0.051 99.543 0.063
201409 0.363 99.823 0.450
201412 0.279 99.543 0.347
201503 -0.077 99.717 -0.095
201506 0.095 100.417 0.117
201509 -0.006 100.417 -0.007
201512 0.221 99.717 0.274
201603 -0.143 100.017 -0.177
201606 0.441 100.717 0.541
201609 0.061 101.017 0.075
201612 -0.003 101.217 -0.004
201703 -0.371 101.417 -0.452
201706 0.104 102.117 0.126
201709 0.178 102.717 0.214
201712 -0.122 102.617 -0.147
201803 -0.471 102.917 -0.566
201806 0.053 104.017 0.063
201809 -0.352 104.718 -0.416
201812 0.400 104.217 0.475
201903 -0.401 104.217 -0.476
201906 0.347 105.718 0.406
201909 -0.326 106.018 -0.380
201912 0.394 105.818 0.460
202003 -1.250 105.718 -1.462
202006 1.320 106.618 1.531
202009 0.679 105.818 0.794
202012 0.245 105.518 0.287
202103 -0.579 107.518 -0.666
202106 1.121 108.486 1.278
202109 -0.875 109.435 -0.989
202112 1.382 110.384 1.548
202203 -2.066 113.968 -2.242
202206 0.239 115.760 0.255
202209 0.255 118.818 0.265
202212 1.935 119.345 2.005
202303 -0.796 122.402 -0.804
202306 1.269 123.140 1.274
202309 -0.554 124.195 -0.552
202312 2.387 123.668 2.387

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


Zalando SE  (LTS:0QXN) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=25.445/0.56
=45.44

* 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 Zalando SE was 290.82. The lowest was 29.20. And the median was 102.35.


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.


Zalando SE Cyclically Adjusted FCF per Share Related Terms

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


Zalando SE (LTS:0QXN) Business Description

Industry
Address
Valeska-Gert-Strabe 5, Berlin, DEU, 10243
Zalando, founded in 2008, is Europe's biggest pure-play online fashion platform. Zalando is present in 25 European countries, and its major market is the DACH region, comprising Germany, Austria, and Switzerland, which accounts for around 40% of revenue. The company commands 4% of European apparel sales and 12% market share in European online apparel sales. It has 12 fulfilment centers and presents over 7,000 brands on its platform. In 2022, Zalando had over 50 million active users (more than 10% of the population in countries where the firm has a presence) and over 7 billion site visits.

Zalando SE (LTS:0QXN) Headlines

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