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Starbucks (MIL:1SBUX) Cyclically Adjusted Price-to-FCF : 24.67 (As of May. 24, 2024)


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What is Starbucks Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Starbucks's current share price is €73.26. Starbucks's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.97. Starbucks's Cyclically Adjusted Price-to-FCF for today is 24.67.

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

MIL:1SBUX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.7   Med: 53.2   Max: 103.06
Current: 24.34

During the past years, Starbucks's highest Cyclically Adjusted Price-to-FCF was 103.06. The lowest was 22.70. And the median was 53.20.

MIL:1SBUX's Cyclically Adjusted Price-to-FCF is ranked worse than
69.92% of 123 companies
in the Restaurants industry
Industry Median: 15.99 vs MIL:1SBUX: 24.34

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.

Starbucks's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.124. 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 €2.97 for the trailing ten years ended in Mar. 2024.

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 28.41

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 Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=73.26/2.97
=24.67

* 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.

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)
=-0.124/131.7762*131.7762
=-0.124

Current CPI (Mar. 2024) = 131.7762.

Starbucks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.262 100.560 0.343
201409 0.200 100.428 0.262
201412 0.606 99.070 0.806
201503 0.159 99.621 0.210
201506 0.259 100.684 0.339
201509 0.361 100.392 0.474
201512 0.796 99.792 1.051
201603 0.129 100.470 0.169
201606 0.433 101.688 0.561
201609 0.615 101.861 0.796
201612 0.788 101.863 1.019
201703 0.084 102.862 0.108
201706 0.476 103.349 0.607
201709 0.346 104.136 0.438
201712 0.827 104.011 1.048
201803 -0.007 105.290 -0.009
201806 0.435 106.317 0.539
201809 4.998 106.507 6.184
201812 1.366 105.998 1.698
201903 -0.017 107.251 -0.021
201906 0.531 108.070 0.647
201909 0.439 108.329 0.534
201912 1.090 108.420 1.325
202003 -1.322 108.902 -1.600
202006 -0.568 108.767 -0.688
202009 0.825 109.815 0.990
202012 1.050 109.897 1.259
202103 0.397 111.754 0.468
202106 0.987 114.631 1.135
202109 0.742 115.734 0.845
202112 1.094 117.630 1.226
202203 -0.231 121.301 -0.251
202206 0.691 125.017 0.728
202209 0.485 125.227 0.510
202212 0.881 125.222 0.927
202303 0.229 127.348 0.237
202306 0.859 128.729 0.879
202309 1.016 129.860 1.031
202312 1.437 129.419 1.463
202403 -0.124 131.776 -0.124

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  (MIL:1SBUX) 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

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


Starbucks (MIL:1SBUX) 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.

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