GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Etsy Inc (LTS:0IIW) » Definitions » Cyclically Adjusted Price-to-FCF

Etsy (LTS:0IIW) Cyclically Adjusted Price-to-FCF : 25.01 (As of May. 20, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Etsy Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Etsy's current share price is $63.77. Etsy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.55. Etsy's Cyclically Adjusted Price-to-FCF for today is 25.01.

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

LTS:0IIW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.52   Med: 29.38   Max: 45.08
Current: 25.06

During the past years, Etsy's highest Cyclically Adjusted Price-to-FCF was 45.08. The lowest was 23.52. And the median was 29.38.

LTS:0IIW's Cyclically Adjusted Price-to-FCF is ranked worse than
73.1% of 435 companies
in the Retail - Cyclical industry
Industry Median: 12.83 vs LTS:0IIW: 25.06

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.

Etsy's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.438. 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 $2.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Etsy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Etsy'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.

Etsy Cyclically Adjusted Price-to-FCF Chart

Etsy 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 - - - - 32.84

Etsy 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 - 38.23 27.73 32.84 26.92

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

For the Internet Retail subindustry, Etsy'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.


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

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

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



Etsy 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=63.77/2.55
=25.01

* 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.

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

For example, Etsy'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)
=0.438/131.7762*131.7762
=0.438

Current CPI (Mar. 2024) = 131.7762.

Etsy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.014 100.560 -0.018
201409 0.032 100.428 0.042
201412 -0.023 99.070 -0.031
201503 0.042 99.621 0.056
201506 -0.007 100.684 -0.009
201509 -0.016 100.392 -0.021
201512 0.091 99.792 0.120
201603 -0.089 100.470 -0.117
201606 -0.018 101.688 -0.023
201609 -0.004 101.861 -0.005
201612 0.112 101.863 0.145
201703 -0.029 102.862 -0.037
201706 0.071 103.349 0.091
201709 0.123 104.136 0.156
201712 0.284 104.011 0.360
201803 0.182 105.290 0.228
201806 0.282 106.317 0.350
201809 0.189 106.507 0.234
201812 0.742 105.998 0.922
201903 0.210 107.251 0.258
201906 0.348 108.070 0.424
201909 0.343 108.329 0.417
201912 0.611 108.420 0.743
202003 0.226 108.902 0.273
202006 1.637 108.767 1.983
202009 1.333 109.815 1.600
202012 1.688 109.897 2.024
202103 1.000 111.754 1.179
202106 0.804 114.631 0.924
202109 0.548 115.734 0.624
202112 1.874 117.630 2.099
202203 0.343 121.301 0.373
202206 0.808 125.017 0.852
202209 1.520 125.227 1.600
202212 2.269 125.222 2.388
202303 0.332 127.348 0.344
202306 0.908 128.729 0.929
202309 1.495 129.860 1.517
202312 2.056 129.419 2.093
202403 0.438 131.776 0.438

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.


Etsy  (LTS:0IIW) 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.


Etsy Cyclically Adjusted Price-to-FCF Related Terms

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


Etsy (LTS:0IIW) Business Description

Industry
Address
117 Adams Street, Brooklyn, NY, USA, 11201
Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.3 billion in 2022 consolidated gross merchandise volume, the firm has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2022, the firm connected more than 95 million buyers and 7.5 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).

Etsy (LTS:0IIW) Headlines

No Headlines