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Walgreens Boots Alliance (MIL:1WBA) Cyclically Adjusted FCF per Share : €4.35 (As of May. 2024)


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What is Walgreens Boots Alliance 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.

Walgreens Boots Alliance's adjusted free cash flow per share for the three months ended in May. 2024 was €0.350. 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 €4.35 for the trailing ten years ended in May. 2024.

During the past 12 months, Walgreens Boots Alliance's average Cyclically Adjusted FCF Growth Rate was -5.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.60% 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 Walgreens Boots Alliance was 146.60% per year. The lowest was -50.00% per year. And the median was 17.05% per year.

As of today (2024-09-21), Walgreens Boots Alliance's current stock price is €8.181. Walgreens Boots Alliance's Cyclically Adjusted FCF per Share for the quarter that ended in May. 2024 was €4.35. Walgreens Boots Alliance's Cyclically Adjusted Price-to-FCF of today is 1.88.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Walgreens Boots Alliance was 41.26. The lowest was 1.79. And the median was 12.39.


Walgreens Boots Alliance Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Walgreens Boots Alliance'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.

Walgreens Boots Alliance Cyclically Adjusted FCF per Share Chart

Walgreens Boots Alliance Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted FCF per Share
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Walgreens Boots Alliance Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 - - 4.64 4.55 4.35

Competitive Comparison of Walgreens Boots Alliance's Cyclically Adjusted FCF per Share

For the Pharmaceutical Retailers subindustry, Walgreens Boots Alliance'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.


Walgreens Boots Alliance's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Walgreens Boots Alliance's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Walgreens Boots Alliance's Cyclically Adjusted Price-to-FCF falls into.



Walgreens Boots Alliance 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, Walgreens Boots Alliance's adjusted Free Cash Flow per Share data for the three months ended in May. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of May. 2024 (Change)*Current CPI (May. 2024)
=0.35/132.5091*132.5091
=0.350

Current CPI (May. 2024) = 132.5091.

Walgreens Boots Alliance Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 0.853 100.352 1.126
201411 0.584 99.635 0.777
201502 0.834 99.032 1.116
201505 1.279 100.333 1.689
201508 0.932 100.548 1.228
201511 0.333 100.135 0.441
201602 1.687 100.040 2.235
201605 1.509 101.355 1.973
201608 1.832 101.617 2.389
201611 0.125 101.829 0.163
201702 2.246 102.779 2.896
201705 1.322 103.256 1.697
201708 1.265 103.587 1.618
201711 0.527 104.072 0.671
201802 1.560 105.052 1.968
201805 1.633 106.148 2.039
201808 2.154 106.383 2.683
201811 -0.009 106.338 -0.011
201902 0.390 106.649 0.485
201905 1.537 108.048 1.885
201908 1.919 108.245 2.349
201911 0.683 108.519 0.834
202002 1.144 109.139 1.389
202005 0.688 108.175 0.843
202008 1.631 109.662 1.971
202011 0.747 109.793 0.902
202102 1.051 110.968 1.255
202105 1.372 113.576 1.601
202108 0.850 115.421 0.976
202111 0.651 117.269 0.736
202202 0.681 119.703 0.754
202205 1.375 123.323 1.477
202208 -0.464 124.958 -0.492
202211 -0.133 125.607 -0.140
202302 0.268 126.928 0.280
202305 -0.580 128.314 -0.599
202308 0.589 129.538 0.603
202311 -0.843 129.548 -0.862
202402 -1.063 130.930 -1.076
202405 0.350 132.509 0.350

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


Walgreens Boots Alliance  (MIL:1WBA) 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.

Walgreens Boots Alliance's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=8.181/4.35
=1.88

* 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 Walgreens Boots Alliance was 41.26. The lowest was 1.79. And the median was 12.39.


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.


Walgreens Boots Alliance Cyclically Adjusted FCF per Share Related Terms

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


Walgreens Boots Alliance Business Description

Address
108 Wilmot Road, Deerfield, IL, USA, 60015
Walgreens Boots Alliance is one of the largest retail pharmacy chains in the U.S., with over 8,500 locations. Nearly three quarters of Americans live within five miles of a Walgreens location. Roughly two thirds of revenue is generated from prescription drug sales; Walgreens makes up 20% of total prescription revenue in the U.S. Walgreens also generates sales from retail products (general wellness consumables and its own branded merchandise), European drug wholesale, and healthcare. With more locations incorporating additional services like Health Corner and Village Medical, Walgreens creates an omnichannel experience for patients and positions itself as a one-stop healthcare provider.

Walgreens Boots Alliance Headlines

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