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Coty (XPAR:COTY) Cyclically Adjusted FCF per Share : €0.40 (As of Mar. 2024)


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What is Coty 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.

Coty's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.242. 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 €0.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Coty's average Cyclically Adjusted FCF Growth Rate was -9.80% 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.

As of today (2024-05-20), Coty's current stock price is €9.946. Coty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.40. Coty's Cyclically Adjusted Price-to-FCF of today is 24.87.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Coty was 29.11. The lowest was 5.47. And the median was 16.59.


Coty Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Coty'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.

Coty Cyclically Adjusted FCF per Share Chart

Coty Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
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Coty Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - 0.49 0.39 0.40

Competitive Comparison of Coty's Cyclically Adjusted FCF per Share

For the Household & Personal Products subindustry, Coty'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.


Coty's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Coty's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.242/131.7762*131.7762
=-0.242

Current CPI (Mar. 2024) = 131.7762.

Coty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.112 100.560 0.147
201409 -0.072 100.428 -0.094
201412 0.639 99.070 0.850
201503 -0.075 99.621 -0.099
201506 0.246 100.684 0.322
201509 0.178 100.392 0.234
201512 0.945 99.792 1.248
201603 -0.289 100.470 -0.379
201606 0.054 101.688 0.070
201609 -0.270 101.861 -0.349
201612 0.714 101.863 0.924
201703 -0.103 102.862 -0.132
201706 -0.068 103.349 -0.087
201709 -0.135 104.136 -0.171
201712 0.220 104.011 0.279
201803 -0.222 105.290 -0.278
201806 0.111 106.317 0.138
201809 -0.246 106.507 -0.304
201812 0.227 105.998 0.282
201903 0.167 107.251 0.205
201906 0.109 108.070 0.133
201909 -0.056 108.329 -0.068
201912 0.432 108.420 0.525
202003 -0.379 108.902 -0.459
202006 -0.368 108.767 -0.446
202009 -0.026 109.815 -0.031
202012 0.419 109.897 0.502
202103 -0.240 111.754 -0.283
202106 0.002 114.631 0.002
202109 0.260 115.734 0.296
202112 0.428 117.630 0.479
202203 -0.024 121.301 -0.026
202206 -0.082 125.017 -0.086
202209 0.101 125.227 0.106
202212 0.484 125.222 0.509
202303 -0.193 127.348 -0.200
202306 0.040 128.729 0.041
202309 0.136 129.860 0.138
202312 0.361 129.419 0.368
202403 -0.242 131.776 -0.242

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


Coty  (XPAR:COTY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.946/0.4
=24.87

* 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 Coty was 29.11. The lowest was 5.47. And the median was 16.59.


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.


Coty Cyclically Adjusted FCF per Share Related Terms

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


Coty (XPAR:COTY) Business Description

Traded in Other Exchanges
Address
350 Fifth Avenue, New York, NY, USA, 10118
Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.