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Starbucks (BUE:SBUX) Cyclically Adjusted Price-to-FCF : (As of May. 01, 2024)


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What is Starbucks Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Starbucks Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Starbucks'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.

Starbucks Cyclically Adjusted Price-to-FCF Chart

Starbucks Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.38 45.60 48.16 32.04 31.49

Starbucks Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 38.32 35.27 31.49 30.12 -

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

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.



Starbucks 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.

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

For example, Starbucks'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)
=-113.605/129.4194*129.4194
=-113.605

Current CPI (Mar. 2024) = 129.4194.

Starbucks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.896 100.560 3.727
201409 2.166 100.428 2.791
201412 6.390 99.070 8.348
201503 1.517 99.621 1.971
201506 2.646 100.684 3.401
201509 3.810 100.392 4.912
201512 11.229 99.792 14.563
201603 2.093 100.470 2.696
201606 6.803 101.688 8.658
201609 10.301 101.861 13.088
201612 13.178 101.863 16.743
201703 1.383 102.862 1.740
201706 8.811 103.349 11.034
201709 7.229 104.136 8.984
201712 18.697 104.011 23.264
201803 -0.185 105.290 -0.227
201806 12.659 106.317 15.410
201809 214.589 106.507 260.753
201812 58.588 105.998 71.534
201903 -0.744 107.251 -0.898
201906 26.826 108.070 32.126
201909 27.012 108.329 32.271
201912 72.361 108.420 86.376
202003 -90.699 108.902 -107.787
202006 -43.812 108.767 -52.131
202009 72.124 109.815 85.000
202012 103.978 109.897 122.449
202103 42.584 111.754 49.315
202106 112.691 114.631 127.229
202109 85.310 115.734 95.398
202112 124.808 117.630 137.317
202203 -27.283 121.301 -29.109
202206 87.953 125.017 91.050
202209 66.768 125.227 69.004
202212 156.526 125.222 161.773
202303 48.398 127.348 49.185
202306 223.374 128.729 224.573
202309 379.275 129.860 377.990
202312 565.902 129.419 565.902
202403 -113.605 129.419 -113.605

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.


Starbucks  (BUE:SBUX) 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.


Starbucks Cyclically Adjusted Price-to-FCF Related Terms

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Starbucks (BUE:SBUX) 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 38,000 stores across more than 80 countries as of the end of fiscal 2023. 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.

Starbucks (BUE:SBUX) Headlines

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