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RE/MAX Holdings (RE/MAX Holdings) Cyclically Adjusted FCF per Share : $4.20 (As of Dec. 2023)


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What is RE/MAX Holdings 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.

RE/MAX Holdings's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.354. 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 $4.20 for the trailing ten years ended in Dec. 2023.

During the past 12 months, RE/MAX Holdings's average Cyclically Adjusted FCF Growth Rate was -7.50% 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.

As of today (2024-04-29), RE/MAX Holdings's current stock price is $7.19. RE/MAX Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.20. RE/MAX Holdings's Cyclically Adjusted Price-to-FCF of today is 1.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of RE/MAX Holdings was 7.43. The lowest was 1.68. And the median was 4.28.


RE/MAX Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for RE/MAX Holdings'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.

RE/MAX Holdings Cyclically Adjusted FCF per Share Chart

RE/MAX Holdings 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 - - 4.40 4.54 4.20

RE/MAX Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.54 4.52 4.37 4.33 4.20

Competitive Comparison of RE/MAX Holdings's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, RE/MAX Holdings'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.


RE/MAX Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, RE/MAX Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where RE/MAX Holdings's Cyclically Adjusted Price-to-FCF falls into.



RE/MAX Holdings 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, RE/MAX Holdings's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.354/129.4194*129.4194
=0.354

Current CPI (Dec. 2023) = 129.4194.

RE/MAX Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.981 99.695 1.273
201406 1.363 100.560 1.754
201409 1.571 100.428 2.025
201412 1.175 99.070 1.535
201503 1.234 99.621 1.603
201506 1.648 100.684 2.118
201509 1.789 100.392 2.306
201512 1.107 99.792 1.436
201603 0.628 100.470 0.809
201606 0.783 101.688 0.997
201609 1.179 101.861 1.498
201612 0.796 101.863 1.011
201703 0.759 102.862 0.955
201706 1.026 103.349 1.285
201709 1.130 104.136 1.404
201712 0.531 104.011 0.661
201803 0.725 105.290 0.891
201806 1.103 106.317 1.343
201809 1.081 106.507 1.314
201812 0.933 105.998 1.139
201903 1.038 107.251 1.253
201906 0.398 108.070 0.477
201909 1.092 108.329 1.305
201912 1.149 108.420 1.372
202003 0.648 108.902 0.770
202006 0.085 108.767 0.101
202009 1.398 109.815 1.648
202012 1.336 109.897 1.573
202103 0.872 111.754 1.010
202106 0.335 114.631 0.378
202109 -0.972 115.734 -1.087
202112 1.203 117.630 1.324
202203 0.665 121.301 0.710
202206 1.044 125.017 1.081
202209 1.095 125.227 1.132
202212 0.429 125.222 0.443
202303 0.088 127.348 0.089
202306 -0.118 128.729 -0.119
202309 0.880 129.860 0.877
202312 0.354 129.419 0.354

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


RE/MAX Holdings  (NYSE:RMAX) 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.

RE/MAX Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.19/4.2
=1.71

* 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 RE/MAX Holdings was 7.43. The lowest was 1.68. And the median was 4.28.


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.


RE/MAX Holdings Cyclically Adjusted FCF per Share Related Terms

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


RE/MAX Holdings (RE/MAX Holdings) Business Description

Industry
Traded in Other Exchanges
Address
5075 South Syracuse Street, Denver, CO, USA, 80237
RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises. The company's operating segments include Real Estate, Mortgage, Marketing Funds, and Other. It generates maximum revenue from the Real Estate segment.
Executives
Magnolia Capital Fund, Lp 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Leah R Jenkins officer: VP, Chief Accounting Officer 5075 S. SYRACUSE ST., DENVER CO 80237
Kathleen J Cunningham director 5075 S. SYRACUSE ST., DENVER CO 80237
Norman K. Jenkins director 9211 GLADYS FARM WAY, GAITHERSBURG MD 20882
Adam W Grosshans officer: VP, Chief Accounting Officer 5075 S SYRACUSE ST, DENVER CO 80218
Katherine Lee Scherping director 6312 SOUTH FIDDLERS GREEN CIRCLE, SUITE 200 NORTH, GREENWOOD VILLAGE CO 80111
Ronald E. Harrison director 5075 S. SYRACUSE ST., DENVER CO 80237
William Grady Ligon officer: Chief Information Officer 5075 S. SYRACUSE ST., DENVER CO 80237
Susan L Winders officer: Vice President General Counsel 5075 S. SYRACUSE ST., DENVER CO 80237
Adam K Peterson 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Magnolia Group, Llc 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Annita M Menogan director 5075 S. SYRACUSE ST., DENVER CO 80237
Brett A Ritchie officer: VP, Chief Accounting Officer 5075 S. SYRACUSE ST., DENVER CO 80237
Daniel J. Predovich director 5075 S. SYRACUSE ST., DENVER CO 80237
Laura G. Kelly director PO BOX 807, 663 HIGHWAY 60, MONETT MO 65708