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Fast Retailing Co (WBO:FASR) Cyclically Adjusted FCF per Share : €3.75 (As of May. 2024)


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What is Fast Retailing Co 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.

Fast Retailing Co's adjusted free cash flow per share for the three months ended in May. 2024 was €1.955. 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 €3.75 for the trailing ten years ended in May. 2024.

During the past 12 months, Fast Retailing Co's average Cyclically Adjusted FCF Growth Rate was 25.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 22.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 20.40% 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 Fast Retailing Co was 22.40% per year. The lowest was 14.10% per year. And the median was 19.70% per year.

As of today (2024-09-22), Fast Retailing Co's current stock price is €190.00. Fast Retailing Co's Cyclically Adjusted FCF per Share for the quarter that ended in May. 2024 was €3.75. Fast Retailing Co's Cyclically Adjusted Price-to-FCF of today is 50.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fast Retailing Co was 86.87. The lowest was 35.32. And the median was 53.50.


Fast Retailing Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Fast Retailing Co'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.

Fast Retailing Co Cyclically Adjusted FCF per Share Chart

Fast Retailing Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 4.12 3.89

Fast Retailing Co 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 3.69 3.89 3.58 3.30 3.75

Competitive Comparison of Fast Retailing Co's Cyclically Adjusted FCF per Share

For the Apparel Retail subindustry, Fast Retailing Co'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.


Fast Retailing Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

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



Fast Retailing Co 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, Fast Retailing Co'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)
=1.955/108.1000*108.1000
=1.955

Current CPI (May. 2024) = 108.1000.

Fast Retailing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 -0.368 98.300 -0.405
201411 1.227 97.900 1.355
201502 3.501 97.600 3.878
201505 -1.356 98.700 -1.485
201508 -1.411 98.400 -1.550
201511 1.117 98.100 1.231
201602 1.987 97.800 2.196
201605 -0.625 98.200 -0.688
201608 -1.253 97.900 -1.384
201611 2.455 98.600 2.692
201702 2.739 98.100 3.018
201705 0.496 98.600 0.544
201708 -1.042 98.500 -1.144
201711 2.687 99.100 2.931
201802 2.227 99.500 2.419
201805 0.632 99.300 0.688
201808 -2.474 99.800 -2.680
201811 0.305 100.000 0.330
201902 4.834 99.700 5.241
201905 1.017 100.000 1.099
201908 -0.041 100.000 -0.044
201911 2.045 100.500 2.200
202002 3.389 100.300 3.653
202005 -2.260 100.100 -2.441
202008 1.982 100.100 2.140
202011 3.238 99.500 3.518
202102 4.920 99.800 5.329
202105 -0.108 99.400 -0.117
202108 1.043 99.700 1.131
202111 1.607 100.100 1.735
202202 4.008 100.700 4.303
202205 1.220 101.800 1.296
202208 1.764 102.700 1.857
202211 -0.523 103.900 -0.544
202302 3.334 104.000 3.465
202305 2.503 105.100 2.574
202308 2.658 105.900 2.713
202311 1.555 106.900 1.572
202402 3.993 106.900 4.038
202405 1.955 108.100 1.955

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


Fast Retailing Co  (WBO:FASR) 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.

Fast Retailing Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=190.00/3.75
=50.67

* 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 Fast Retailing Co was 86.87. The lowest was 35.32. And the median was 53.50.


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.


Fast Retailing Co Cyclically Adjusted FCF per Share Related Terms

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


Fast Retailing Co Business Description

Address
10717-1 Sayama, Yamaguchi, Yamaguchi, JPN, 754-0894
Fast Retailing Co Ltd is Japan's apparel company, operating the casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. The business is founded on a private-label apparel model whereby Fast Retailing is in charge of product design, production, and sales. Fast Retailing is ranked the third-largest apparel company by sales globally, it runs 3,630 stores globally, including 813 and 1,439 Uniqlo stores in Japan and overseas, respectively. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, Princesse Tam Tam (French lingerie), and J Brand (premium denim).

Fast Retailing Co Headlines

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