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Loblaw (FRA:L8G) Cyclically Adjusted Price-to-FCF : 19.49 (As of May. 21, 2024)


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What is Loblaw Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), Loblaw's current share price is €106.00. Loblaw's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.44. Loblaw's Cyclically Adjusted Price-to-FCF for today is 19.49.

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

FRA:L8G' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.75   Med: 17.11   Max: 22.56
Current: 19.46

During the past years, Loblaw's highest Cyclically Adjusted Price-to-FCF was 22.56. The lowest was 12.75. And the median was 17.11.

FRA:L8G's Cyclically Adjusted Price-to-FCF is ranked worse than
60.32% of 126 companies
in the Retail - Defensive industry
Industry Median: 15.495 vs FRA:L8G: 19.46

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.

Loblaw's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.022. 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 €5.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Loblaw Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Loblaw'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.

Loblaw Cyclically Adjusted Price-to-FCF Chart

Loblaw Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.14 13.06 17.78 17.34 15.90

Loblaw Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 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 17.41 16.17 14.77 15.90 18.55

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

For the Grocery Stores subindustry, Loblaw'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.


Loblaw's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

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

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



Loblaw 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=106.00/5.44
=19.49

* 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.

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

For example, Loblaw'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)
=1.022/126.2576*126.2576
=1.022

Current CPI (Mar. 2024) = 126.2576.

Loblaw Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.373 98.604 -0.478
201406 1.214 99.473 1.541
201409 0.633 99.394 0.804
201412 0.910 98.367 1.168
201503 0.503 99.789 0.636
201506 1.226 100.500 1.540
201509 1.150 100.421 1.446
201512 0.212 99.947 0.268
201603 1.079 101.054 1.348
201606 0.874 102.002 1.082
201609 1.218 101.765 1.511
201612 0.684 101.449 0.851
201703 0.390 102.634 0.480
201706 1.033 103.029 1.266
201709 0.879 103.345 1.074
201712 1.012 103.345 1.236
201803 0.346 105.004 0.416
201806 0.593 105.557 0.709
201809 1.359 105.636 1.624
201812 -0.291 105.399 -0.349
201903 1.401 106.979 1.653
201906 1.334 107.690 1.564
201909 1.243 107.611 1.458
201912 1.078 107.769 1.263
202003 2.911 107.927 3.405
202009 1.224 108.164 1.429
202012 1.742 108.559 2.026
202103 1.248 110.298 1.429
202106 2.728 111.720 3.083
202109 1.945 112.905 2.175
202112 1.293 113.774 1.435
202203 1.442 117.646 1.548
202206 2.083 120.806 2.177
202209 2.451 120.648 2.565
202212 1.036 120.964 1.081
202303 1.261 122.702 1.298
202306 1.866 124.203 1.897
202309 2.936 125.230 2.960
202312 1.661 125.072 1.677
202403 1.022 126.258 1.022

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.


Loblaw  (FRA:L8G) 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.


Loblaw Cyclically Adjusted Price-to-FCF Related Terms

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


Loblaw (FRA:L8G) Business Description

Traded in Other Exchanges
Address
1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5
Loblaw is Canada's largest retailer, operating 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program and also offers credit cards and insurance brokerage, which are collectively referred to as financial services. George Weston is Loblaw's controlling shareholder with a 53% stake.

Loblaw (FRA:L8G) Headlines

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