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Fred's (STU:FR1A) Cyclically Adjusted Price-to-FCF : (As of Jun. 23, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for Fred'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.

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Fred's Cyclically Adjusted Price-to-FCF Chart

Fred's Annual Data
Trend Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19
Cyclically Adjusted Price-to-FCF
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Fred's Quarterly Data
Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Apr20
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Competitive Comparison of Fred's's Cyclically Adjusted Price-to-FCF

For the Discount Stores subindustry, Fred'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.


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

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

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



Fred'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.

Fred's's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2019 is calculated as:

For example, Fred's's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2019 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2019 (Change)*Current CPI (Apr. 2019)
=-0.506/107.8184*107.8184
=-0.506

Current CPI (Apr. 2019) = 107.8184.

Fred's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200907 0.036 90.859 0.043
200910 -0.198 91.207 -0.234
201001 0.434 91.423 0.512
201004 -0.074 91.980 -0.087
201007 0.047 91.981 0.055
201010 -0.146 92.277 -0.171
201101 0.250 92.914 0.290
201104 0.174 94.890 0.198
201107 -0.044 95.319 -0.050
201110 -0.043 95.529 -0.049
201201 0.120 95.632 0.135
201204 -0.211 97.075 -0.234
201207 0.425 96.661 0.474
201210 -0.111 97.595 -0.123
201301 -0.132 97.158 -0.146
201304 0.175 98.107 0.192
201307 0.019 98.557 0.021
201310 0.291 98.536 0.318
201401 -0.319 98.692 -0.349
201404 0.064 100.023 0.069
201407 -0.281 100.520 -0.301
201410 0.310 100.176 0.334
201501 -0.023 98.604 -0.025
201504 -0.456 99.824 -0.493
201507 0.349 100.691 0.374
201510 1.260 100.346 1.354
201601 -0.924 99.957 -0.997
201604 -0.034 100.947 -0.036
201607 -1.153 101.524 -1.224
201610 0.696 101.988 0.736
201701 -1.104 102.456 -1.162
201704 -0.549 103.167 -0.574
201707 0.356 103.278 0.372
201710 -0.626 104.070 -0.649
201801 -0.036 104.578 -0.037
201804 -0.196 105.708 -0.200
201807 -0.642 106.324 -0.651
201810 -0.441 106.695 -0.446
201901 -1.535 106.200 -1.558
201904 -0.506 107.818 -0.506

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.


Fred's  (STU:FR1A) 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.


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

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Fred's (STU:FR1A) Business Description

Traded in Other Exchanges
N/A
Address
4300 New Getwell Road, Memphis, TN, USA, 38118
Fred's Inc is a U.S.-based company that is principally engaged in operating retail stores. Most of the company's stores are self-owned stores, with a few franchised stores. The company's sales mix consists of pharmaceuticals, consumables, household goods and softlines, and franchise, with pharmaceuticals contributing a material portion of total revenue. The company owns 100% of the equity stake in Reeves-Sain Drug Store. The company generates revenue from merchandise sales and franchise fee from franchisees. It also sells gift cards. The company conducts operation primarily in the southeast of the United States.

Fred's (STU:FR1A) Headlines

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