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Denny's (STU:DE8) Cyclically Adjusted Price-to-FCF : 9.93 (As of May. 21, 2024)


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What is Denny's Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), Denny's's current share price is €7.05. Denny's's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.71. Denny's's Cyclically Adjusted Price-to-FCF for today is 9.93.

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

STU:DE8' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.27   Med: 30.39   Max: 46.04
Current: 10.17

During the past years, Denny's's highest Cyclically Adjusted Price-to-FCF was 46.04. The lowest was 9.27. And the median was 30.39.

STU:DE8's Cyclically Adjusted Price-to-FCF is ranked better than
72.36% of 123 companies
in the Restaurants industry
Industry Median: 16.67 vs STU:DE8: 10.17

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.

Denny's's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.081. 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 €0.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Denny's Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Denny's'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.

Denny's Cyclically Adjusted Price-to-FCF Chart

Denny's 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 33.80 26.03 24.27 13.38 14.21

Denny's 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 15.51 16.70 11.38 14.21 11.77

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

For the Restaurants subindustry, Denny's'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.


Denny's's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

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

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



Denny's 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.05/0.71
=9.93

* 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.

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

For example, Denny's'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)
=-0.081/131.7762*131.7762
=-0.081

Current CPI (Mar. 2024) = 131.7762.

Denny's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.083 100.560 0.109
201409 0.124 100.428 0.163
201412 0.207 99.070 0.275
201503 0.076 99.621 0.101
201506 0.196 100.684 0.257
201509 0.130 100.392 0.171
201512 0.203 99.792 0.268
201603 0.055 100.470 0.072
201606 0.116 101.688 0.150
201609 0.158 101.861 0.204
201612 0.291 101.863 0.376
201703 0.064 102.862 0.082
201706 0.243 103.349 0.310
201709 0.065 104.136 0.082
201712 0.369 104.011 0.468
201803 -0.008 105.290 -0.010
201806 0.224 106.317 0.278
201809 0.162 106.507 0.200
201812 0.312 105.998 0.388
201903 0.130 107.251 0.160
201906 0.129 108.070 0.157
201909 0.015 108.329 0.018
201912 0.149 108.420 0.181
202003 -0.014 108.902 -0.017
202006 -0.184 108.767 -0.223
202009 -0.062 109.815 -0.074
202012 0.088 109.897 0.106
202103 0.111 111.754 0.131
202106 0.402 114.631 0.462
202109 0.228 115.734 0.260
202112 0.149 117.630 0.167
202203 -0.141 121.301 -0.153
202206 0.207 125.017 0.218
202209 0.188 125.227 0.198
202212 0.207 125.222 0.218
202303 0.240 127.348 0.248
202306 0.283 128.729 0.290
202309 0.216 129.860 0.219
202312 0.287 129.419 0.292
202403 -0.081 131.776 -0.081

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.


Denny's  (STU:DE8) 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.


Denny's Cyclically Adjusted Price-to-FCF Related Terms

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


Denny's (STU:DE8) Business Description

Industry
Traded in Other Exchanges
Address
203 East Main Street, Spartanburg, SC, USA, 29319-9966
Denny's Corp is one of America's largest franchised full-service restaurant chains based on the number of restaurants. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelettes, and others. The company generates its revenue from two sources: the sale of food & beverages and the collection of royalties & fees from restaurants.

Denny's (STU:DE8) Headlines

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