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Hennes & Mauritz AB (XTER:HMSB) Cyclically Adjusted Price-to-FCF : 13.18 (As of May. 30, 2024)


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What is Hennes & Mauritz AB Cyclically Adjusted Price-to-FCF?

As of today (2024-05-30), Hennes & Mauritz AB's current share price is €16.075. Hennes & Mauritz AB's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €1.22. Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF for today is 13.18.

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

XTER:HMSB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.88   Med: 17.18   Max: 26.98
Current: 14.25

During the past years, Hennes & Mauritz AB's highest Cyclically Adjusted Price-to-FCF was 26.98. The lowest was 8.88. And the median was 17.18.

XTER:HMSB's Cyclically Adjusted Price-to-FCF is ranked better than
58.86% of 367 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 17.95 vs XTER:HMSB: 14.25

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.

Hennes & Mauritz AB's adjusted free cash flow per share data for the three months ended in Feb. 2024 was €0.137. 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 €1.22 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hennes & Mauritz AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hennes & Mauritz AB'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.

Hennes & Mauritz AB Cyclically Adjusted Price-to-FCF Chart

Hennes & Mauritz AB Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.07 21.36 15.27 9.75 12.95

Hennes & Mauritz AB Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 10.77 10.98 12.93 12.95 10.69

Competitive Comparison of Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, Hennes & Mauritz AB'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.


Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF falls into.



Hennes & Mauritz AB 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.

Hennes & Mauritz AB's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.075/1.22
=13.18

* 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.

Hennes & Mauritz AB's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Hennes & Mauritz AB's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.137/132.0458*132.0458
=0.137

Current CPI (Feb. 2024) = 132.0458.

Hennes & Mauritz AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.462 100.225 0.609
201408 0.241 100.001 0.318
201411 0.203 100.068 0.268
201502 0.173 99.867 0.229
201505 0.401 100.285 0.528
201508 0.066 99.829 0.087
201511 0.135 100.129 0.178
201602 0.115 100.253 0.151
201605 0.334 100.914 0.437
201608 0.085 100.968 0.111
201611 0.133 101.517 0.173
201702 -0.004 102.037 -0.005
201705 0.341 102.679 0.439
201708 0.140 103.138 0.179
201711 0.091 103.413 0.116
201802 -0.049 103.678 -0.062
201805 0.247 104.632 0.312
201808 0.172 105.197 0.216
201811 0.120 105.443 0.150
201902 -0.031 105.641 -0.039
201905 0.275 106.895 0.340
201908 0.309 106.716 0.382
201911 0.500 107.345 0.615
202002 0.310 106.742 0.383
202005 -0.270 106.882 -0.334
202008 0.649 107.571 0.797
202011 0.534 107.549 0.656
202102 0.313 108.190 0.382
202105 0.824 108.838 1.000
202108 0.919 109.780 1.105
202111 0.394 111.069 0.468
202202 0.159 112.834 0.186
202205 0.448 116.746 0.507
202208 0.232 120.573 0.254
202211 0.231 123.803 0.246
202302 0.188 126.321 0.197
202305 0.311 128.034 0.321
202308 0.518 129.560 0.528
202311 0.311 130.958 0.314
202402 0.137 132.046 0.137

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.


Hennes & Mauritz AB  (XTER:HMSB) 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.


Hennes & Mauritz AB Cyclically Adjusted Price-to-FCF Related Terms

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


Hennes & Mauritz AB (XTER:HMSB) Business Description

Address
Master Samuelsgatan 46A, Stockholm, SWE, SE-106 38
Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue, but the newer brands (COS, &Other Stories, Monki, Weekday, and newly launched Arket) are growing a bit faster. H&M commands low-single-digit market share in a fragmented global apparel market. Just under 70% of revenue is generated in Europe and Africa, 14% in Asia and Oceania, and 23% in North and South America. The company operates around 4,400 stores globally of which 3,947 are H&M-brand stores.

Hennes & Mauritz AB (XTER:HMSB) Headlines

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