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Starbucks (XKAZ:SBUX_KZ) Cyclically Adjusted FCF per Share : $3.30 (As of Mar. 2025)


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What is Starbucks 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.

Starbucks's adjusted free cash flow per share for the three months ended in Mar. 2025 was $-0.261. 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 $3.30 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Starbucks's average Cyclically Adjusted FCF Growth Rate was 3.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 21.60% 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 Starbucks was 65.10% per year. The lowest was 8.70% per year. And the median was 26.30% per year.

As of today (2025-05-22), Starbucks's current stock price is $85.43. Starbucks's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $3.30. Starbucks's Cyclically Adjusted Price-to-FCF of today is 25.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Starbucks was 103.06. The lowest was 22.65. And the median was 45.21.


Starbucks Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Starbucks'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.

Starbucks Cyclically Adjusted FCF per Share Chart

Starbucks Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 812.30 996.46 2.71 2.93 3.31

Starbucks 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 3.22 3.31 3.31 3.34 3.30

Competitive Comparison of Starbucks's Cyclically Adjusted FCF per Share

For the Restaurants subindustry, Starbucks'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.


Starbucks's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

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

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


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Starbucks 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, Starbucks'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)
=-0.261/134.9266*134.9266
=-0.261

Current CPI (Mar. 2025) = 134.9266.

Starbucks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.291 100.684 0.390
201509 0.405 100.392 0.544
201512 0.868 99.792 1.174
201603 0.143 100.470 0.192
201606 0.487 101.688 0.646
201609 0.691 101.861 0.915
201612 0.831 101.863 1.101
201703 0.090 102.862 0.118
201706 0.534 103.349 0.697
201709 0.413 104.136 0.535
201712 0.979 104.011 1.270
201803 -0.009 105.290 -0.012
201806 0.508 106.317 0.645
201809 5.831 106.507 7.387
201812 1.554 105.998 1.978
201903 -0.019 107.251 -0.024
201906 0.600 108.070 0.749
201909 0.483 108.329 0.602
201912 1.211 108.420 1.507
202003 -1.461 108.902 -1.810
202006 -0.640 108.767 -0.794
202009 0.972 109.815 1.194
202012 1.278 109.897 1.569
202103 0.473 111.754 0.571
202106 1.190 114.631 1.401
202109 0.872 115.734 1.017
202112 1.236 117.630 1.418
202203 -0.254 121.301 -0.283
202206 0.731 125.017 0.789
202209 0.481 125.227 0.518
202212 0.934 125.222 1.006
202303 0.245 127.348 0.260
202306 0.931 128.729 0.976
202309 1.084 129.860 1.126
202312 1.568 129.419 1.635
202403 -0.135 131.776 -0.138
202406 0.833 132.554 0.848
202409 0.648 133.029 0.657
202412 1.211 133.157 1.227
202503 -0.261 134.927 -0.261

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


Starbucks  (XKAZ:SBUX_KZ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=85.43/3.30
=25.89

* 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 Starbucks was 103.06. The lowest was 22.65. And the median was 45.21.


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.


Starbucks Cyclically Adjusted FCF per Share Related Terms

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


Starbucks Business Description

Industry
Address
2401 Utah Avenue South, Seattle, WA, USA, 98134
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 40,000 stores across more than 80 countries as of the end of fiscal 2024. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.

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