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PATK (Patrick Industries) Cyclically Adjusted FCF per Share : $5.89 (As of Mar. 2025)


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What is Patrick Industries 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.

Patrick Industries's adjusted free cash flow per share for the three months ended in Mar. 2025 was $0.578. 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 $5.89 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Patrick Industries's average Cyclically Adjusted FCF Growth Rate was 13.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 25.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 27.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 34.00% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Patrick Industries was 128.90% per year. The lowest was -31.70% per year. And the median was 28.00% per year.

As of today (2025-05-15), Patrick Industries's current stock price is $86.60. Patrick Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $5.89. Patrick Industries's Cyclically Adjusted Price-to-FCF of today is 14.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Patrick Industries was 64.31. The lowest was 7.01. And the median was 20.43.


Patrick Industries Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Patrick Industries'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.

Patrick Industries Cyclically Adjusted FCF per Share Chart

Patrick Industries Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.22 2.88 3.93 5.07 5.73

Patrick Industries Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.20 5.56 5.66 5.73 5.89

Competitive Comparison of Patrick Industries's Cyclically Adjusted FCF per Share

For the Furnishings, Fixtures & Appliances subindustry, Patrick Industries'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.


Patrick Industries's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Patrick Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Patrick Industries 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, Patrick Industries's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.578/134.9266*134.9266
=0.578

Current CPI (Mar. 2025) = 134.9266.

Patrick Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.826 100.684 1.107
201509 -0.101 100.392 -0.136
201512 1.099 99.792 1.486
201603 0.367 100.470 0.493
201606 0.013 101.688 0.017
201609 0.804 101.861 1.065
201612 1.191 101.863 1.578
201703 -0.411 102.862 -0.539
201706 0.676 103.349 0.883
201709 0.231 104.136 0.299
201712 1.532 104.011 1.987
201803 0.482 105.290 0.618
201806 1.604 106.317 2.036
201809 0.666 106.507 0.844
201812 1.828 105.998 2.327
201903 0.513 107.251 0.645
201906 1.651 108.070 2.061
201909 0.692 108.329 0.862
201912 1.859 108.420 2.313
202003 0.160 108.902 0.198
202006 0.654 108.767 0.811
202009 1.807 109.815 2.220
202012 1.082 109.897 1.328
202103 1.032 111.754 1.246
202106 0.465 114.631 0.547
202109 1.449 115.734 1.689
202112 2.349 117.630 2.694
202203 -1.117 121.301 -1.242
202206 1.951 125.017 2.106
202209 3.729 125.227 4.018
202212 4.557 125.222 4.910
202303 -0.628 127.348 -0.665
202306 4.990 128.729 5.230
202309 3.185 129.860 3.309
202312 3.049 129.419 3.179
202403 0.594 131.776 0.608
202406 3.626 132.554 3.691
202409 0.992 133.029 1.006
202412 1.434 133.157 1.453
202503 0.578 134.927 0.578

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


Patrick Industries  (NAS:PATK) 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.

Patrick Industries's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=86.60/5.89
=14.70

* 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 Patrick Industries was 64.31. The lowest was 7.01. And the median was 20.43.


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.


Patrick Industries Cyclically Adjusted FCF per Share Related Terms

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


Patrick Industries Business Description

Traded in Other Exchanges
Address
107 West Franklin Street, Elkhart, IN, USA, 46516
Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured housing industries. One of the firm's RV customers makes up a portion of revenue.
Executives
M Scott Welch director 6 LONGWOOD COURT, ELKHART IN 46516
Stacey L Neu officer: EVP & CHRO C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562
Derrick B Mayes director 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Joel D Duthie officer: Chief Legal Officer/Secretary 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Andy L Nemeth director, officer: President C/O PATRICK INDUSTRIES, INC.,, P.O. BOX 638, ELKHART IN 46515-0638
Todd M Cleveland director, officer: CEO 107 W. FRANKLIN ST., ELKHART IN 46515
Jeff Rodino officer: EVP-Sales, Chief Sales Officer 107 W. FRANKLIN STREET, P.O.BOX 638, ELKHART IN 46515
Kip B Ellis officer: EVP Operations & COO 107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
John A Forbes director 107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Michael A Kitson director 107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Matthew S Filer officer: Interim CFO, Treasurer & PAO 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Pamela R Klyn director 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Blosser Courtney officer: Chief Human Resource Officer 107 W. FRANKLIN STREET, P.O.BOX 638, ELKHART IN 46515
Jacob R Petkovich officer: EVP Finance, CFO & Treasurer 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
James E Rose other: Principal Accounting Officer 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515