GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Premier Investments Ltd (ASX:PMV) » Definitions » Cyclically Adjusted Price-to-FCF

Premier Investments (ASX:PMV) Cyclically Adjusted Price-to-FCF : 22.23 (As of May. 01, 2024)


View and export this data going back to 1987. Start your Free Trial

What is Premier Investments Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Premier Investments's current share price is A$29.56. Premier Investments's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 was A$1.33. Premier Investments's Cyclically Adjusted Price-to-FCF for today is 22.23.

The historical rank and industry rank for Premier Investments's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ASX:PMV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.35   Med: 87.41   Max: 216.25
Current: 22.04

During the past 13 years, Premier Investments's highest Cyclically Adjusted Price-to-FCF was 216.25. The lowest was 16.35. And the median was 87.41.

ASX:PMV's Cyclically Adjusted Price-to-FCF is ranked worse than
69.2% of 435 companies
in the Retail - Cyclical industry
Industry Median: 13.08 vs ASX:PMV: 22.04

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.

Premier Investments's adjusted free cash flow per share data of for the fiscal year that ended in Jul23 was A$2.131. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is A$1.33 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Premier Investments Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Premier Investments's Cyclically Adjusted Price-to-FCF 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.

Premier Investments Cyclically Adjusted Price-to-FCF Chart

Premier Investments Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.78 25.14 30.21 18.84 16.65

Premier Investments Semi-Annual Data
Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Cyclically Adjusted Price-to-FCF 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 - 18.84 - 16.65 -

Competitive Comparison of Premier Investments's Cyclically Adjusted Price-to-FCF

For the Apparel Retail subindustry, Premier Investments'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.


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

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

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



Premier Investments Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Premier Investments's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=29.56/1.33
=22.23

* 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.

Premier Investments's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Premier Investments's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jul23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=2.131/125.6559*125.6559
=2.131

Current CPI (Jul23) = 125.6559.

Premier Investments Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 0.229 98.816 0.291
201507 0.425 100.302 0.532
201607 0.370 101.602 0.458
201707 -0.051 103.460 -0.062
201807 0.502 105.410 0.598
201907 0.745 107.174 0.873
202007 2.991 107.917 3.483
202107 2.385 111.168 2.696
202207 2.165 119.248 2.281
202307 2.131 125.656 2.131

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


Premier Investments  (ASX:PMV) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Premier Investments Cyclically Adjusted Price-to-FCF Related Terms

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


Premier Investments (ASX:PMV) Business Description

Traded in Other Exchanges
N/A
Address
417 St Kilda Road, Level 7, Melbourne, VIC, AUS, 3004
Premier Investments is an Australian company that operates six speciality retail fashion chains in the speciality retail fashion markets in Australia and New Zealand. It also operates the unique Smiggle brand, retailing children's stationery in Australia and overseas markets. Premier Investments has a separate business division that focuses on investment in listed securities and money market deposits.

Premier Investments (ASX:PMV) Headlines

No Headlines