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Aeffe SpA (MIL:AEF) Cyclically Adjusted FCF per Share : €0.05 (As of Dec. 2023)


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What is Aeffe SpA 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.

Aeffe SpA's adjusted free cash flow per share for the three months ended in Dec. 2023 was €0.053. 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 €0.05 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Aeffe SpA's average Cyclically Adjusted FCF Growth Rate was -28.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -17.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.60% 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 Aeffe SpA was 29.40% per year. The lowest was -17.80% per year. And the median was 6.80% per year.

As of today (2024-05-28), Aeffe SpA's current stock price is €0.832. Aeffe SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.05. Aeffe SpA's Cyclically Adjusted Price-to-FCF of today is 16.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Aeffe SpA was 80.33. The lowest was 6.93. And the median was 18.77.


Aeffe SpA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Aeffe SpA'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.

Aeffe SpA Cyclically Adjusted FCF per Share Chart

Aeffe SpA 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 0.09 0.09 0.13 0.07 0.05

Aeffe SpA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 0.08 0.06 0.05 -

Competitive Comparison of Aeffe SpA's Cyclically Adjusted FCF per Share

For the Apparel Manufacturing subindustry, Aeffe SpA'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.


Aeffe SpA's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Aeffe SpA 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, Aeffe SpA'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)
=0.053/119.7000*119.7000
=0.053

Current CPI (Dec. 2023) = 119.7000.

Aeffe SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.002 99.907 -0.002
201406 0.017 100.093 0.020
201409 0.004 99.814 0.005
201412 0.083 99.721 0.100
201503 -0.111 99.814 -0.133
201506 -0.017 100.279 -0.020
201509 -0.004 100.000 -0.005
201512 0.189 99.814 0.227
201603 -0.051 99.600 -0.061
201606 -0.046 99.900 -0.055
201609 -0.009 100.100 -0.011
201612 0.179 100.300 0.214
201703 -0.044 101.000 -0.052
201706 -0.009 101.100 -0.011
201709 0.020 101.200 0.024
201712 0.165 101.200 0.195
201803 0.009 101.800 0.011
201806 0.077 102.400 0.090
201809 0.022 102.600 0.026
201812 0.066 102.300 0.077
201903 -0.006 102.800 -0.007
201906 0.033 103.100 0.038
201909 -0.027 102.900 -0.031
201912 0.085 102.800 0.099
202003 -0.134 102.900 -0.156
202006 0.000 102.900 0.000
202009 0.035 102.300 0.041
202012 0.079 102.600 0.092
202103 -0.020 103.700 -0.023
202106 0.164 104.200 0.188
202109 0.181 104.900 0.207
202112 0.123 106.600 0.138
202203 0.000 110.400 0.000
202206 -0.112 112.500 -0.119
202209 -0.357 114.200 -0.374
202212 -0.121 119.000 -0.122
202303 0.000 118.800 0.000
202306 -0.028 119.700 -0.028
202309 -0.151 120.300 -0.150
202312 0.053 119.700 0.053

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


Aeffe SpA  (MIL:AEF) 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.

Aeffe SpA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.832/0.05
=16.64

* 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 Aeffe SpA was 80.33. The lowest was 6.93. And the median was 18.77.


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.


Aeffe SpA Cyclically Adjusted FCF per Share Related Terms

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


Aeffe SpA (MIL:AEF) Business Description

Traded in Other Exchanges
Address
Via Delle Querce, 51, San Giovanni in Marignano, Rimini, ITA, 47842
Aeffe SpA is an Italian company engaged in the designing, production, and distribution of fashion and luxury goods. The business activity of the firm is operated through two segments. The Pret-a Porter segment is engaged in the development of luxury ready-to-wear clothing and lingerie, beachwear, and loungewear collections. The Footwear and leather goods segment handles footwear, small leather goods, bags, and matching accessories made from exclusive materials. The products are offered under the brands like Alberta Ferretti, Philosophy, Moschino, and Pollini. Its geographical segments are Italy, Europe (excluding Italy), Asia and the rest of the world, and America.