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TPR (Tapestry) Cyclically Adjusted FCF per Share : $3.08 (As of Sep. 2024)


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What is Tapestry 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.

Tapestry's adjusted free cash flow per share for the three months ended in Sep. 2024 was $0.398. 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 $3.08 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Tapestry's average Cyclically Adjusted FCF Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 1.10% 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 Tapestry was 22.00% per year. The lowest was -1.70% per year. And the median was 2.45% per year.

As of today (2024-12-11), Tapestry's current stock price is $62.09. Tapestry's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $3.08. Tapestry's Cyclically Adjusted Price-to-FCF of today is 20.16.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tapestry was 20.22. The lowest was 4.05. And the median was 13.56.


Tapestry Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tapestry'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.

Tapestry Cyclically Adjusted FCF per Share Chart

Tapestry Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.65 2.87 2.97 2.85 3.08

Tapestry Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.85 3.03 3.09 3.08 3.08

Competitive Comparison of Tapestry's Cyclically Adjusted FCF per Share

For the Luxury Goods subindustry, Tapestry'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.


Tapestry's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tapestry's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tapestry 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, Tapestry's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.398/133.0289*133.0289
=0.398

Current CPI (Sep. 2024) = 133.0289.

Tapestry Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.467 99.070 1.970
201503 0.399 99.621 0.533
201506 0.406 100.684 0.536
201509 -0.221 100.392 -0.293
201512 0.704 99.792 0.938
201603 0.322 100.470 0.426
201606 0.458 101.688 0.599
201609 -0.399 101.861 -0.521
201612 1.117 101.863 1.459
201703 0.464 102.862 0.600
201706 0.834 103.349 1.074
201709 -0.533 104.136 -0.681
201712 1.596 104.011 2.041
201803 0.329 105.290 0.416
201806 1.135 106.317 1.420
201809 -0.254 106.507 -0.317
201812 1.915 105.998 2.403
201903 -0.221 107.251 -0.274
201906 0.344 108.070 0.423
201909 -0.232 108.329 -0.285
201912 1.828 108.420 2.243
202003 -0.602 108.902 -0.735
202006 -0.259 108.767 -0.317
202009 0.230 109.815 0.279
202012 2.251 109.897 2.725
202103 0.627 111.754 0.746
202106 1.155 114.631 1.340
202109 -0.041 115.734 -0.047
202112 2.193 117.630 2.480
202203 -0.208 121.301 -0.228
202206 0.863 125.017 0.918
202209 -0.801 125.227 -0.851
202212 2.266 125.222 2.407
202303 0.299 127.348 0.312
202306 1.553 128.729 1.605
202309 0.234 129.860 0.240
202312 3.469 129.419 3.566
202403 0.336 131.776 0.339
202406 0.895 132.554 0.898
202409 0.398 133.029 0.398

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


Tapestry  (NYSE:TPR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=62.09/3.08
=20.16

* 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 Tapestry was 20.22. The lowest was 4.05. And the median was 13.56.


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.


Tapestry Cyclically Adjusted FCF per Share Related Terms

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


Tapestry Business Description

Industry
Traded in Other Exchanges
Address
10 Hudson Yards, New York, NY, USA, 10001
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (64% of fiscal 2024 sales), Europe, Asia (29% of fiscal 2024 sales), and elsewhere. Coach (76% of fiscal 2024 sales) is best known for affordable luxury leather products. Kate Spade (20% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2024. Stuart Weitzman (4% of sales) generates virtually all its revenue from women's footwear.
Executives
Todd Kahn officer: SVP and General Counsel 516 WEST 34TH STREET, NEW YORK NY 10001
David E Howard officer: SVP, GC & Secretary 10 HUDSON YARDS, NEW YORK NY 10001
Manesh Dadlani officer: VP, Controller and PAO 10 HUDSON YARDS, NEW YORK NY 10001
Denise Kulikowsky officer: Chief People Officer 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Lau Alan Ka Ming director 10 HUDSON YARDS, NEW YORK NY 10001
Thomas A. Glaser officer: Chief Operations Officer 10 HUDSON YARDS, 19TH FLOOR, NEW YORK NY 10001
Sarah Dunn officer: SVP, Human Resources 516 WEST 34TH STREET, NEW YORK NY 10001
Johanna W. Faber director 10 HUDSON YARDS, NEW YORK NY 10001
Scott A. Roe officer: CFO and Head of Strategy 105 CORPORATE CENTER BLVD., GREENSBORO NC 27408
Annabelle Yu Long director 516 WEST 34TH STREET, NEW YORK NY 10001
Ivan Menezes director C/O TAPESTRY, INC., 10 HUDSON YARDS, NEW YORK NY 10001
Thomas Greco director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Pamela Lifford director 10 HUDSON YARDS, NEW YORK NY 10001
John P Bilbrey director
Elizabeth Fraser officer: CEO & Brand Pres. Kate Spade 10 HUDSON YARDS, NEW YORK NY 10001