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Denny's (Denny's) Cyclically Adjusted Price-to-FCF : 10.48 (As of Apr. 27, 2024)


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

As of today (2024-04-27), Denny's's current share price is $8.07. Denny's's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.77. Denny's's Cyclically Adjusted Price-to-FCF for today is 10.48.

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

DENN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.27   Med: 30.53   Max: 46.04
Current: 10.77

During the past years, Denny's's highest Cyclically Adjusted Price-to-FCF was 46.04. The lowest was 9.27. And the median was 30.53.

DENN's Cyclically Adjusted Price-to-FCF is ranked better than
72.03% of 118 companies
in the Restaurants industry
Industry Median: 15.395 vs DENN: 10.77

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.

Denny's's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.313. 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 $0.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for Denny'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.

* Premium members only.

Denny's Cyclically Adjusted Price-to-FCF Chart

Denny's Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.80 26.03 24.27 13.38 14.21

Denny's Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 13.38 15.51 16.70 11.38 14.21

Competitive Comparison of Denny's's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, Denny'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.


Denny's's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Denny's's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Denny'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.

Denny's's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.07/0.77
=10.48

* 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.

Denny's's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Denny's'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)
=0.313/129.4194*129.4194
=0.313

Current CPI (Dec. 2023) = 129.4194.

Denny's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.071 99.695 0.092
201406 0.112 100.560 0.144
201409 0.160 100.428 0.206
201412 0.255 99.070 0.333
201503 0.082 99.621 0.107
201506 0.220 100.684 0.283
201509 0.146 100.392 0.188
201512 0.221 99.792 0.287
201603 0.061 100.470 0.079
201606 0.131 101.688 0.167
201609 0.178 101.861 0.226
201612 0.307 101.863 0.390
201703 0.068 102.862 0.086
201706 0.274 103.349 0.343
201709 0.077 104.136 0.096
201712 0.437 104.011 0.544
201803 -0.010 105.290 -0.012
201806 0.261 106.317 0.318
201809 0.189 106.507 0.230
201812 0.355 105.998 0.433
201903 0.147 107.251 0.177
201906 0.145 108.070 0.174
201909 0.016 108.329 0.019
201912 0.166 108.420 0.198
202003 -0.016 108.902 -0.019
202006 -0.207 108.767 -0.246
202009 -0.073 109.815 -0.086
202012 0.107 109.897 0.126
202103 0.132 111.754 0.153
202106 0.484 114.631 0.546
202109 0.268 115.734 0.300
202112 0.168 117.630 0.185
202203 -0.155 121.301 -0.165
202206 0.219 125.017 0.227
202209 0.186 125.227 0.192
202212 0.219 125.222 0.226
202303 0.257 127.348 0.261
202306 0.307 128.729 0.309
202309 0.230 129.860 0.229
202312 0.313 129.419 0.313

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.


Denny's  (NAS:DENN) 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.


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

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


Denny's (Denny's) Business Description

Industry
Traded in Other Exchanges
Address
203 East Main Street, Spartanburg, SC, USA, 29319-9966
Denny's Corp is one of America's largest franchised full-service restaurant chains based on the number of restaurants. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelettes, and others. The company generates its revenue from two sources: the sale of food & beverages and the collection of royalties & fees from restaurants.
Executives
Pankaj K Patra officer: EVP, Chief Digital & Tech Ofc 12157 BETHEL DR., FRISCO TX 75033
Stephen C. Dunn officer: Sr. V.P., Global Development 203 EAST MAIN STREET, SPARTANBURG SC 29319
John C Miller director, officer: CEO and President
Stephanie J. Davidson officer: EVP, Chief People Officer 203 EAST MAIN STREET, SPARTANBURG SC 29319
Gail Sharps Myers officer: Senior VP, General Counsel 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Robert P. Verostek officer: Senior Vice President, Finance 203 EAST MAIN STREET, SPARTANBURG SC 29319
Brenda J Lauderback director IRWIN FINANCIAL CORPORATION, 500 WASHINGTON STREET, COLUMBUS IN 47201
Kelli Valade director, officer: CEO and President 6820 LBJ FREEWAY, DALLAS TX 75240
Donald C. Robinson director 203 EAST MAIN STREET, MS P12-02, SPARTANBURG SC 29319
F Mark Wolfinger officer: Sr. V.P., CFO DENNY'S CORPORATION, 203 EAST MAIN STREET, SPARTANBURG SC 29319
Olufunlayo Olurinde Fajemirokun-beck director C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Jay C Gilmore officer: VP, CAO & Corporate Controller 203 EAST MAIN STREET, MSP1202, SPARTANBURG SC 29319
John William Dillon officer: Sr VP, Chief Marketing Officer 203 EAST MAIN STREET, SPARTANBURG SC 29319
Christopher D Bode officer: Sr. V.P., Operations 203 EAST MAIN STREET, SPARTANBURG SC 29319
Timothy E. Flemming officer: Sr. V.P., General Counsel 203 EAST MAIN STREET, SPARTANBURG SC 29319