GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Macy's Inc (BSP:MACY34) » Definitions » Cyclically Adjusted Price-to-FCF

Macy's (BSP:MACY34) Cyclically Adjusted Price-to-FCF : 6.10 (As of May. 14, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Macy's Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Macy's's current share price is R$102.00. Macy's's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was R$16.73. Macy's's Cyclically Adjusted Price-to-FCF for today is 6.10.

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

BSP:MACY34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.4   Med: 9.3   Max: 26.87
Current: 5.8

During the past years, Macy's's highest Cyclically Adjusted Price-to-FCF was 26.87. The lowest was 1.40. And the median was 9.30.

BSP:MACY34's Cyclically Adjusted Price-to-FCF is ranked better than
76.83% of 436 companies
in the Retail - Cyclical industry
Industry Median: 13.01 vs BSP:MACY34: 5.80

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.

Macy's's adjusted free cash flow per share data for the three months ended in Jan. 2024 was R$15.878. 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 R$16.73 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macy's Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Macy's'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.

Macy's Cyclically Adjusted Price-to-FCF Chart

Macy's Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.64 4.60 6.75 6.30 5.43

Macy's Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 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 6.30 4.45 4.60 3.42 5.43

Competitive Comparison of Macy's's Cyclically Adjusted Price-to-FCF

For the Department Stores subindustry, Macy's'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.


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

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

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



Macy's 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=102.00/16.73
=6.10

* 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.

Macy's's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Macy's's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=15.878/129.4194*129.4194
=15.878

Current CPI (Jan. 2024) = 129.4194.

Macy's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.156 100.023 -0.202
201407 1.893 100.520 2.437
201410 -1.239 100.176 -1.601
201501 11.530 98.604 15.133
201504 -1.668 99.824 -2.163
201507 0.729 100.691 0.937
201510 -5.277 100.346 -6.806
201601 18.450 99.957 23.888
201604 -2.501 100.947 -3.206
201607 3.538 101.524 4.510
201610 -5.015 101.988 -6.364
201701 13.080 102.456 16.522
201704 0.614 103.167 0.770
201707 1.190 103.278 1.491
201710 -3.385 104.070 -4.210
201801 14.281 104.578 17.673
201804 1.454 105.708 1.780
201807 0.049 106.324 0.060
201810 -4.626 106.695 -5.611
201901 12.584 106.200 15.335
201904 -3.780 107.818 -4.537
201907 1.831 108.250 2.189
201910 -6.419 108.577 -7.651
202001 14.530 108.841 17.277
202004 -5.546 108.173 -6.635
202007 0.474 109.318 0.561
202010 2.784 109.861 3.280
202101 5.602 110.364 6.569
202104 6.904 112.673 7.930
202107 5.508 115.183 6.189
202110 -4.927 116.696 -5.464
202201 30.080 118.619 32.819
202204 -0.212 121.978 -0.225
202207 -5.148 125.002 -5.330
202210 -4.085 125.734 -4.205
202301 15.200 126.223 15.585
202304 -3.453 127.992 -3.492
202307 -1.788 128.974 -1.794
202310 -5.427 129.810 -5.411
202401 15.878 129.419 15.878

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.


Macy's  (BSP:MACY34) 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.


Macy's Cyclically Adjusted Price-to-FCF Related Terms

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


Macy's (BSP:MACY34) Business Description

Traded in Other Exchanges
Address
151 West 34th Street, New York, NY, USA, 10001
Founded in 1858 and based in New York City, Macy's operates about 550 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 158 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 61% of Macy's 2022 sales.

Macy's (BSP:MACY34) Headlines

No Headlines