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Yelp (YELP) Cyclically Adjusted FCF per Share : $2.01 (As of Mar. 2024)


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What is Yelp 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.

Yelp's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.912. 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 $2.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Yelp's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 33.00% 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 Yelp was 33.00% per year. The lowest was 33.00% per year. And the median was 33.00% per year.

As of today (2024-05-15), Yelp's current stock price is $37.72. Yelp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.01. Yelp's Cyclically Adjusted Price-to-FCF of today is 18.77.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Yelp was 51.06. The lowest was 17.21. And the median was 26.79.


Yelp Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Yelp'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.

Yelp Cyclically Adjusted FCF per Share Chart

Yelp 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 - 0.82 1.16 1.49 1.93

Yelp 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 1.62 1.69 1.84 1.93 2.01

Competitive Comparison of Yelp's Cyclically Adjusted FCF per Share

For the Internet Content & Information subindustry, Yelp'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.


Yelp's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Yelp's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Yelp 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, Yelp'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)
=0.912/129.4194*129.4194
=0.912

Current CPI (Mar. 2024) = 129.4194.

Yelp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.064 100.560 0.082
201409 0.111 100.428 0.143
201412 -0.015 99.070 -0.020
201503 0.153 99.621 0.199
201506 0.108 100.684 0.139
201509 -0.006 100.392 -0.008
201512 -0.058 99.792 -0.075
201603 0.173 100.470 0.223
201606 0.176 101.688 0.224
201609 0.317 101.861 0.403
201612 0.461 101.863 0.586
201703 0.433 102.862 0.545
201706 0.349 103.349 0.437
201709 0.499 104.136 0.620
201712 0.327 104.011 0.407
201803 0.271 105.290 0.333
201806 0.148 106.317 0.180
201809 0.523 106.507 0.636
201812 0.380 105.998 0.464
201903 0.377 107.251 0.455
201906 0.593 108.070 0.710
201909 0.552 108.329 0.659
201912 0.648 108.420 0.774
202003 0.471 108.902 0.560
202006 0.090 108.767 0.107
202009 0.872 109.815 1.028
202012 0.460 109.897 0.542
202103 0.703 111.754 0.814
202106 0.543 114.631 0.613
202109 0.650 115.734 0.727
202112 0.494 117.630 0.544
202203 0.744 121.301 0.794
202206 0.144 125.017 0.149
202209 0.881 125.227 0.910
202212 0.447 125.222 0.462
202303 0.956 127.348 0.972
202306 0.567 128.729 0.570
202309 1.348 129.860 1.343
202312 0.968 129.419 0.968
202403 0.912 129.419 0.912

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


Yelp  (NYSE:YELP) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=37.72/2.01
=18.77

* 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 Yelp was 51.06. The lowest was 17.21. And the median was 26.79.


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.


Yelp Cyclically Adjusted FCF per Share Related Terms

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


Yelp (YELP) Business Description

Traded in Other Exchanges
Address
350 Mission Street, 10th Floor, San Francisco, CA, USA, 94105
Yelp Inc operates in the online content market based in the United States. It provides a web-based platform and mobile application to bridge the gap between businesses and consumers. The platform assists consumers through product reviews, tips, photos and videos thereby enabling them in making better buying decisions and posting their feedbacks. Its products and services includes Advertising Products and Business Page Products. In addition, it also lets the buyers directly transact with businesses directly through its platform. Yelp generates revenue mainly from the sale of advertising on its website and mobile app to businesses. The company generates majority of the revenue from United States.
Executives
David A Schwarzbach officer: Chief Financial Officer C/O YELP INC.., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Joseph R Nachman officer: SVP, Sales C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94103
Sam Eaton officer: Chief Technology Officer C/O YELP, 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Jeremy Stoppelman director, 10 percent owner, officer: Chief Executive Officer C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94103
Carmen Orr officer: Chief People Officer C/O YELP INC., 140 NEW MONTGOMERY STREET, 9TH FLOOR, SAN FRANCISCO CA 94105
Craig Saldanha officer: Chief Product Officer C/O YELP INC., 140 NEW MONTGOMERY STREET, 9TH FLOOR, SAN FRANCISCO CA 94105
Yelp Inc officer: Chief Technology Officer 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Chris Terrill director FORT WASHINGTON EXECUTIVE CENTER, 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034
Vivek Patel officer: Chief Product Officer C/O YELP INC., 140 MONTGOMERY ST, 9TH FLOOR, SAN FRANCISCO CA 94105
Miriam Warren officer: Chief Diversity Officer C/O YELP, 140 NEW MONTGOMERY STREET, 9TH FLOOR, SAN FRANCISCO CA 94105
Laurence Wilson officer: General Counsel and Secretary C/O YELP! INC., 706 MISSION ST., SAN FRANCISCO CA 94103
Carolyn Patterson officer: Chief People Officer C/O YELP, 140 NEW MONTGOMERY STREET, 9TH FLOOR, SAN FRANCISCO CA 94105
Royce A. Wells director C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Christine Barone director C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
James Miln officer: Interim CFO C/O YELP INC., 140 NEW MONTGOMERY ST., 9TH FLOOR, SAN FRANCISCO CA 94105