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TMHC (Taylor Morrison Home) Cyclically Adjusted FCF per Share : $4.63 (As of Mar. 2025)


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What is Taylor Morrison Home 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.

Taylor Morrison Home's adjusted free cash flow per share for the three months ended in Mar. 2025 was $0.667. 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 $4.63 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Taylor Morrison Home's average Cyclically Adjusted FCF Growth Rate was 12.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 35.10% 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 Taylor Morrison Home was 35.10% per year. The lowest was 35.10% per year. And the median was 35.10% per year.

As of today (2025-05-12), Taylor Morrison Home's current stock price is $58.67. Taylor Morrison Home's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $4.63. Taylor Morrison Home's Cyclically Adjusted Price-to-FCF of today is 12.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Taylor Morrison Home was 25.16. The lowest was 9.82. And the median was 13.83.


Taylor Morrison Home Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Taylor Morrison Home'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.

Taylor Morrison Home Cyclically Adjusted FCF per Share Chart

Taylor Morrison Home 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 - 1.75 2.92 3.89 4.32

Taylor Morrison Home 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 4.10 4.01 4.17 4.32 4.63

Competitive Comparison of Taylor Morrison Home's Cyclically Adjusted FCF per Share

For the Residential Construction subindustry, Taylor Morrison Home'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.


Taylor Morrison Home's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Taylor Morrison Home's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Taylor Morrison Home's Cyclically Adjusted Price-to-FCF falls into.


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Taylor Morrison Home 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, Taylor Morrison Home'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)
=0.667/134.9266*134.9266
=0.667

Current CPI (Mar. 2025) = 134.9266.

Taylor Morrison Home Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -1.012 100.684 -1.356
201509 0.171 100.392 0.230
201512 0.053 99.792 0.072
201603 -0.143 100.470 -0.192
201606 0.684 101.688 0.908
201609 0.633 101.861 0.838
201612 1.899 101.863 2.515
201703 1.225 102.862 1.607
201706 -0.401 103.349 -0.524
201709 0.263 104.136 0.341
201712 2.087 104.011 2.707
201803 -0.017 105.290 -0.022
201806 0.034 106.317 0.043
201809 0.349 106.507 0.442
201812 0.661 105.998 0.841
201903 -0.309 107.251 -0.389
201906 1.568 108.070 1.958
201909 0.010 108.329 0.012
201912 2.127 108.420 2.647
202003 0.542 108.902 0.672
202006 1.842 108.767 2.285
202009 3.550 109.815 4.362
202012 2.362 109.897 2.900
202103 -1.159 111.754 -1.399
202106 0.261 114.631 0.307
202109 -0.009 115.734 -0.010
202112 3.799 117.630 4.358
202203 0.425 121.301 0.473
202206 1.098 125.017 1.185
202209 2.240 125.227 2.414
202212 5.838 125.222 6.290
202303 3.032 127.348 3.212
202306 2.277 128.729 2.387
202309 -0.746 129.860 -0.775
202312 2.471 129.419 2.576
202403 -1.288 131.776 -1.319
202406 -2.253 132.554 -2.293
202409 1.198 133.029 1.215
202412 4.066 133.157 4.120
202503 0.667 134.927 0.667

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


Taylor Morrison Home  (NYSE:TMHC) 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.

Taylor Morrison Home's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=58.67/4.63
=12.67

* 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 Taylor Morrison Home was 25.16. The lowest was 9.82. And the median was 13.83.


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.


Taylor Morrison Home Cyclically Adjusted FCF per Share Related Terms

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


Taylor Morrison Home Business Description

Traded in Other Exchanges
Address
4900 N. Scottsdale Road, Suite 2000, Scottsdale, AZ, USA, 85251
Taylor Morrison Home Corp is an American residential construction company engaged in residential homebuilding and the development of lifestyle communities. It designs, builds, and sells single and multi-family detached and attached homes in traditionally high growth markets for entry level, move-up, and resort lifestyle buyers. The company has four reportable segments: East, Central, West, and Financial Services. The majority of the company's revenue is derived from its West Segment.
Executives
Joseph Terracciano officer: Chief Accounting Officer 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
David C Merritt director CHARTER COMMUNICATIONS INC, 12405 POWERSCOURT DRIVE, ST LOUIS MO 63131
William H Lyon director C/O TAYLOR MORRISON HOME CORP., 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Darrell Sherman officer: EVP, CLO & Secretary 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Christopher J. Yip director 301 COMMERCE STREET, FORT WORTH TX 76102
Sheryl Palmer officer: President and CEO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Curtis Vanhyfte officer: Interim CFO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Louis Steffens officer: EVP and CFO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Denise Warren director 209 REDWOOD SHORES PKWY, REDWOOD CITY CA 94065
C. David Cone officer: Vice President and CFO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Gary H Hunt director C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660
Peter R. Lane director 1500 SOLANA BOULEVARD, BUILDING 4, SUITE 4500, SOUTHLAKE TX 76092
Jeffry L. Flake director C/O 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Andi Owen director 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Tpg Group Holdings (sbs) Advisors, Inc. 10 percent owner C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102