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Harley-Davidson (XSWX:HOG) Cyclically Adjusted FCF per Share : CHF0.00 (As of Mar. 2024)


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What is Harley-Davidson Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Harley-Davidson's adjusted free cash flow per share for the three months ended in Mar. 2024 was CHF0.300. 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 CHF0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Harley-Davidson's average Cyclically Adjusted FCF Growth Rate was -0.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% 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 Harley-Davidson was 40.10% per year. The lowest was -2.30% per year. And the median was 16.10% per year.

As of today (2024-05-25), Harley-Davidson's current stock price is CHF48.28. Harley-Davidson's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was CHF0.00. Harley-Davidson's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Harley-Davidson was 33.19. The lowest was 3.47. And the median was 10.16.


Harley-Davidson Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Harley-Davidson'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.

Harley-Davidson Cyclically Adjusted FCF per Share Chart

Harley-Davidson Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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Harley-Davidson Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Harley-Davidson's Cyclically Adjusted FCF per Share

For the Recreational Vehicles subindustry, Harley-Davidson'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.


Harley-Davidson's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Harley-Davidson 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, Harley-Davidson'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)
=0.3/131.7762*131.7762
=0.300

Current CPI (Mar. 2024) = 131.7762.

Harley-Davidson Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.301 100.560 1.705
201409 1.514 100.428 1.987
201412 0.309 99.070 0.411
201503 0.632 99.621 0.836
201506 1.752 100.684 2.293
201509 1.679 100.392 2.204
201512 -0.219 99.792 -0.289
201603 0.008 100.470 0.010
201606 1.853 101.688 2.401
201609 2.259 101.861 2.922
201612 0.879 101.863 1.137
201703 0.731 102.862 0.936
201706 2.326 103.349 2.966
201709 1.567 104.136 1.983
201712 -0.210 104.011 -0.266
201803 0.907 105.290 1.135
201806 2.921 106.317 3.620
201809 1.908 106.507 2.361
201812 -0.060 105.998 -0.075
201903 -0.015 107.251 -0.018
201906 2.407 108.070 2.935
201909 1.826 108.329 2.221
201912 -0.234 108.420 -0.284
202003 -0.233 108.902 -0.282
202006 3.260 108.767 3.950
202009 2.679 109.815 3.215
202012 0.021 109.897 0.025
202103 0.785 111.754 0.926
202106 2.463 114.631 2.831
202109 1.392 115.734 1.585
202112 -0.046 117.630 -0.052
202203 0.606 121.301 0.658
202206 0.443 125.017 0.467
202209 1.715 125.227 1.805
202212 -0.508 125.222 -0.535
202303 0.008 127.348 0.008
202306 1.702 128.729 1.742
202309 1.286 129.860 1.305
202312 -0.103 129.419 -0.105
202403 0.300 131.776 0.300

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


Harley-Davidson  (XSWX:HOG) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Harley-Davidson was 33.19. The lowest was 3.47. And the median was 10.16.


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.


Harley-Davidson Cyclically Adjusted FCF per Share Related Terms

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


Harley-Davidson (XSWX:HOG) Business Description

Address
3700 West Juneau Avenue, Milwaukee, WI, USA, 53208
Harley-Davidson is a global leading manufacturer of heavyweight motorcycles, merchandise, parts, and accessories. It sells custom, cruiser, and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear, and apparel, as well as merchandise. Harley-Davidson Financial Services provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley has historically captured about half of all heavyweight domestic retail motorcycle registrations, a metric it had ceded in 2020 as it repositioned the business, and has yet to restore (at 39% in the third quarter). In recent years the firm has expanded into the adventure touring market with its Pan America model and into electric with the LiveWire brand.