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Cheesecake Factory (FRA:CF2) Cyclically Adjusted Price-to-FCF : 13.39 (As of Apr. 28, 2024)


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What is Cheesecake Factory Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Cheesecake Factory's current share price is €32.40. Cheesecake Factory's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €2.42. Cheesecake Factory's Cyclically Adjusted Price-to-FCF for today is 13.39.

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

FRA:CF2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.74   Med: 19.69   Max: 46.21
Current: 13.19

During the past years, Cheesecake Factory's highest Cyclically Adjusted Price-to-FCF was 46.21. The lowest was 5.74. And the median was 19.69.

FRA:CF2's Cyclically Adjusted Price-to-FCF is ranked better than
59.32% of 118 companies
in the Restaurants industry
Industry Median: 15.395 vs FRA:CF2: 13.19

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.

Cheesecake Factory's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.285. 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 €2.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cheesecake Factory Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cheesecake Factory'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.

Cheesecake Factory Cyclically Adjusted Price-to-FCF Chart

Cheesecake Factory 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 14.08 15.17 14.65 11.79 13.06

Cheesecake Factory 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 11.79 12.89 12.70 11.24 13.06

Competitive Comparison of Cheesecake Factory's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, Cheesecake Factory'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.


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

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

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



Cheesecake Factory 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=32.40/2.42
=13.39

* 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.

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

For example, Cheesecake Factory'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)
=0.285/129.4194*129.4194
=0.285

Current CPI (Dec. 2023) = 129.4194.

Cheesecake Factory Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.639 99.695 0.830
201406 0.243 100.560 0.313
201409 0.122 100.428 0.157
201412 0.827 99.070 1.080
201503 0.735 99.621 0.955
201506 0.353 100.684 0.454
201509 -0.164 100.392 -0.211
201512 0.743 99.792 0.964
201603 1.064 100.470 1.371
201606 1.041 101.688 1.325
201609 0.649 101.861 0.825
201612 0.891 101.863 1.132
201703 0.543 102.862 0.683
201706 0.745 103.349 0.933
201709 0.181 104.136 0.225
201712 0.658 104.011 0.819
201803 0.765 105.290 0.940
201806 0.811 106.317 0.987
201809 0.236 106.507 0.287
201812 1.630 105.998 1.990
201903 0.395 107.251 0.477
201906 0.674 108.070 0.807
201909 0.307 108.329 0.367
201912 1.500 108.420 1.791
202003 -1.011 108.902 -1.201
202006 -0.333 108.767 -0.396
202009 -0.117 109.815 -0.138
202012 0.437 109.897 0.515
202103 0.265 111.754 0.307
202106 1.513 114.631 1.708
202109 -0.494 115.734 -0.552
202112 1.317 117.630 1.449
202203 0.076 121.301 0.081
202206 0.679 125.017 0.703
202209 -0.417 125.227 -0.431
202212 0.542 125.222 0.560
202303 0.505 127.348 0.513
202306 0.218 128.729 0.219
202309 0.222 129.860 0.221
202312 0.285 129.419 0.285

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.


Cheesecake Factory  (FRA:CF2) 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.


Cheesecake Factory Cyclically Adjusted Price-to-FCF Related Terms

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


Cheesecake Factory (FRA:CF2) Business Description

Traded in Other Exchanges
Address
26901 Malibu Hills Road, Calabasas Hills, CA, USA, 91301
Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Majority of the company's revenue comes from The Cheesecake Factory restaurants segment.

Cheesecake Factory (FRA:CF2) Headlines

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