Under Armour (MEX:UAA) Cyclically Adjusted FCF per Share: MXN5.15 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:UAA Under Armour Inc MEX:UAA
47 GF Score
Price MXN120.00
GF Value MXN119.09
Valuation Fairly Valued
! 3 Warning Signs
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What is Under Armour Cyclically Adjusted FCF per Share?

Under Armour MEX:UAA 47 Cyclically Adjusted FCF per Share is MXN5.15 as of Mar. 2026. GuruFocus rates MEX:UAA with a GF Score™ of 47/100 and a GF Value™ of MXN119.09 (Fairly Valued). The stock has 3 warning signs investors should review.

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.

Under Armour's adjusted free cash flow per share for the three months ended in Mar. 2026 was MXN-14.700. 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 MXN5.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Under Armour's average Cyclically Adjusted FCF Growth Rate was 26.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.70% 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 Under Armour was 162.10% per year. The lowest was -51.90% per year. And the median was 11.40% per year.

As of today (2026-07-15), Under Armour's current stock price is MXN120.00. Under Armour's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was MXN5.15. Under Armour's Cyclically Adjusted Price-to-FCF of today is 23.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Under Armour was 2431.00. The lowest was 13.81. And the median was 54.15.


Under Armour  (MEX:UAA) 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.

Under Armour's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=120.00/5.15
=23.30

* 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 Under Armour was 2431.00. The lowest was 13.81. And the median was 54.15.


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.


Under Armour Cyclically Adjusted FCF per Share Related Terms


Under Armour Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Under Armour'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.

Under Armour Cyclically Adjusted FCF per Share Chart

Under Armour Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.84 3.65 4.54 4.75 5.15

Under Armour Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.75 5.10 5.66 5.44 5.15

MEX:UAA vs COLM, FIGS, PVH: Cyclically Adjusted FCF per Share Comparison

For the Apparel Manufacturing subindustry, Under Armour'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.


Under Armour Cyclically Adjusted Price-to-FCF vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Under Armour's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


MEX:UAA
47GF Score
Under Armour Inc MEX:UAA
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Under Armour 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, Under Armour's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-14.7/330.2130*330.2130
=-14.700

Current CPI (Mar. 2026) = 330.2130.

Under Armour Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -5.016 241.018 -6.872
201609 -0.238 241.428 -0.326
201612 15.557 241.432 21.278
201703 -5.329 243.801 -7.218
201706 -4.255 244.955 -5.736
201709 -0.974 246.819 -1.303
201712 9.255 246.524 12.397
201803 -1.390 249.554 -1.839
201806 3.726 251.989 4.883
201809 -2.199 252.439 -2.876
201812 20.160 251.233 26.498
201903 -5.380 254.202 -6.989
201906 6.872 256.143 8.859
201909 -1.692 256.759 -2.176
201912 15.194 256.974 19.524
202003 -20.618 258.115 -26.377
202006 1.928 257.797 2.470
202009 1.883 260.280 2.389
202012 19.328 260.474 24.503
202103 -7.080 264.877 -8.826
202106 10.040 271.696 12.202
202109 3.395 274.310 4.087
202112 18.934 278.802 22.425
202203 -15.263 287.504 -17.530
202206 2.224 296.311 2.478
202209 -6.419 296.808 -7.141
202212 0.983 296.797 1.094
202303 -4.944 301.836 -5.409
202306 -1.454 305.109 -1.574
202309 0.716 307.789 0.768
202312 14.392 306.746 15.493
202403 -5.812 312.332 -6.145
202406 4.512 314.175 4.742
202409 -16.595 315.301 -17.380
202412 12.540 315.605 13.120
202503 -11.008 319.799 -11.366
202506 0.595 322.561 0.609
202509 -3.868 324.800 -3.932
202512 11.101 324.054 11.312
202603 -14.700 330.213 -14.700

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

What does a Cyclically Adjusted FCF per Share of MXN5.15 mean?
Under Armour (MEX:UAA) has a Cyclically Adjusted FCF per Share of MXN5.15 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Under Armour and its competitors.
Is Under Armour's Cyclically Adjusted FCF per Share too high?
Under Armour's current Cyclically Adjusted FCF per Share is MXN5.15. Overall, Under Armour has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Under Armour's Cyclically Adjusted FCF per Share compare to COLM and FIGS?
Under Armour's Cyclically Adjusted FCF per Share of MXN5.15 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted FCF per Share depends on the Manufacturing - Apparel & Accessories industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Under Armour and its competitors. Under Armour's current Cyclically Adjusted FCF per Share is MXN5.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Under Armour stock overvalued right now?
Based on GuruFocus' analysis, Under Armour (MEX:UAA) is currently considered Fairly Valued. The stock's GF Value™ is MXN119.09, compared to a current price of MXN120.00 — trading 0.8% above its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN5.15. Under Armour's overall GF Score™ is 47/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Under Armour (MEX:UAA), the current Cyclically Adjusted FCF per Share is MXN5.15 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Under Armour (MEX:UAA) Overvalued in 2026?

Based on GuruFocus' analysis, Under Armour stock appears to be overvalued. The current stock price of MXN120.00 is trading 0.8% above its estimated GF Value™ of MXN119.09. GuruFocus considers Under Armour to be Fairly Valued.

Key valuation signals for MEX:UAA:

  • Cyclically Adjusted FCF per Share: MXN5.15
  • GF Value™: MXN119.09 vs. price of MXN120.00 (0.8% above fair value)
  • GF Score™: 47/100 with 3 warning signs

No single metric tells the full story. See the MEX:UAA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Under Armour Business Description

Address 101 Performance Drive, Baltimore, MD, USA, 21230
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and Latin America. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale partners, company-owned digital channels, and approximately 440 company-owned outlet and full-price stores. The Baltimore-based firm was founded in 1996 and is led by controlling shareholder Kevin Plank.
47GF Score

Get the complete analysis for MEX:UAA

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN120.00
Price
MXN119.09
GF Value