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LKQ (BSP:L1KQ34) Cyclically Adjusted FCF per Share : R$12.71 (As of Mar. 2024)


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What is LKQ Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

LKQ's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$3.479. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$12.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, LKQ's average Cyclically Adjusted FCF Growth Rate was 11.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 25.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 24.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of LKQ was 31.20% per year. The lowest was 20.00% per year. And the median was 25.50% per year.

As of today (2024-04-29), LKQ's current stock price is R$245.95. LKQ's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$12.71. LKQ's Cyclically Adjusted Price-to-FCF of today is 19.35.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of LKQ was 114.00. The lowest was 14.30. And the median was 32.34.


LKQ Cyclically Adjusted FCF per Share Historical Data

The historical data trend for LKQ's Cyclically Adjusted FCF per Share 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.

LKQ Cyclically Adjusted FCF per Share Chart

LKQ Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 8.50 10.82 12.95 14.00

LKQ Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 13.12 12.75 13.51 14.00 12.71

Competitive Comparison of LKQ's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, LKQ'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.


LKQ's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, LKQ's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



LKQ Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, LKQ'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)
=3.479/129.4194*129.4194
=3.479

Current CPI (Mar. 2024) = 129.4194.

LKQ Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.158 100.560 0.203
201409 1.050 100.428 1.353
201412 0.218 99.070 0.285
201503 1.577 99.621 2.049
201506 0.627 100.684 0.806
201509 2.403 100.392 3.098
201512 -0.399 99.792 -0.517
201603 1.010 100.470 1.301
201606 1.936 101.688 2.464
201609 1.173 101.861 1.490
201612 0.611 101.863 0.776
201703 1.289 102.862 1.622
201706 1.515 103.349 1.897
201709 0.435 104.136 0.541
201712 0.276 104.011 0.343
201803 0.874 105.290 1.074
201806 1.564 106.317 1.904
201809 1.751 106.507 2.128
201812 1.357 105.998 1.657
201903 1.510 107.251 1.822
201906 5.091 108.070 6.097
201909 3.511 108.329 4.195
201912 -0.018 108.420 -0.021
202003 2.390 108.902 2.840
202006 11.696 108.767 13.917
202009 3.350 109.815 3.948
202012 4.161 109.897 4.900
202103 8.922 111.754 10.332
202106 6.071 114.631 6.854
202109 6.874 115.734 7.687
202112 -3.014 117.630 -3.316
202203 6.073 121.301 6.479
202206 5.150 125.017 5.331
202209 4.277 125.227 4.420
202212 3.244 125.222 3.353
202303 2.970 127.348 3.018
202306 7.492 128.729 7.532
202309 6.330 129.860 6.309
202312 1.589 129.419 1.589
202403 3.479 129.419 3.479

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


LKQ  (BSP:L1KQ34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

LKQ's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=245.95/12.71
=19.35

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of LKQ was 114.00. The lowest was 14.30. And the median was 32.34.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


LKQ Cyclically Adjusted FCF per Share Related Terms

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


LKQ (BSP:L1KQ34) Business Description

Industry
Traded in Other Exchanges
Address
500 West Madison Street, Suite 2800, Chicago, IL, USA, 60661
LKQ is a Global distributor of non-OEM automotive parts. Initially formed in 1998 as a consolidator of auto salvage operations in the United States, it has since greatly expanded its scope to include distribution of new mechanical and collision parts, specialty auto equipment, and remanufactured and recycled parts in both Europe and North America. It still maintains its auto salvage business and owns over 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ purchases over 300,000 salvage automobiles annually that are used to extract parts for resale. Globally, the company maintains approximately 1,700 facilities.

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