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Luxottica Group SpA (Luxottica Group SpA) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Luxottica Group SpA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Luxottica Group SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Luxottica Group SpA'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.

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Luxottica Group SpA Cyclically Adjusted Price-to-FCF Chart

Luxottica Group SpA Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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Luxottica Group SpA Semi-Annual Data
Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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Competitive Comparison of Luxottica Group SpA's Cyclically Adjusted Price-to-FCF

For the Apparel Retail subindustry, Luxottica Group SpA'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.


Luxottica Group SpA's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

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



Luxottica Group SpA 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.

Luxottica Group SpA's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec17 is calculated as:

For example, Luxottica Group SpA's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec17 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec17 (Change)*Current CPI (Dec17)
=2.32/101.2000*101.2000
=2.320

Current CPI (Dec17) = 101.2000.

Luxottica Group SpA Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200812 0.776 91.094 0.862
200912 2.238 92.025 2.461
201012 1.727 93.755 1.864
201112 1.376 96.837 1.438
201212 1.850 99.070 1.890
201312 1.572 99.721 1.595
201412 1.932 99.721 1.961
201512 1.657 99.814 1.680
201612 1.435 100.300 1.448
201712 2.320 101.200 2.320

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.


Luxottica Group SpA  (OTCPK:LUXTY) 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.


Luxottica Group SpA Cyclically Adjusted Price-to-FCF Related Terms

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


Luxottica Group SpA (Luxottica Group SpA) Business Description

Traded in Other Exchanges
N/A
Address
Piazzale L. Cadorna, 3, Milan, ITA, 20123
Luxottica designs, manufactures, and distributes high-quality prescription eyewear, frames and sunglasses. The company markets owned brands, including Ray-Ban, Oakley, Revo, and Arnette, as well as licensed brands, including Coach, Prada, Kors, and Polo Ralph Lauren. Luxottica is North America's largest eyewear retailer, with over 4,600 stores, through its Sunglass Hut, LensCrafters, Pearle Vision, Target Optical, and Ilori brands. The company also operates retail chains in Asia, Australia, South America, and Israel, totalling over 7,000 doors.

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