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LKQ (LKQ) Cyclically Adjusted Price-to-FCF : 15.81 (As of Apr. 28, 2024)


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What is LKQ Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), LKQ's current share price is $43.64. LKQ's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.76. LKQ's Cyclically Adjusted Price-to-FCF for today is 15.81.

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

LKQ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.3   Med: 32.34   Max: 114
Current: 15.81

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

LKQ's Cyclically Adjusted Price-to-FCF is ranked better than
62.58% of 481 companies
in the Vehicles & Parts industry
Industry Median: 21.61 vs LKQ: 15.81

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 adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.699. 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 $2.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


LKQ Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for LKQ'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.

LKQ Cyclically Adjusted Price-to-FCF Chart

LKQ 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 31.26 22.92 30.59 22.16 17.58

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 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 22.97 22.27 18.20 17.58 19.34

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

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 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=43.64/2.76
=15.81

* 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.

LKQ's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=0.699/129.4194*129.4194
=0.699

Current CPI (Mar. 2024) = 129.4194.

LKQ Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.071 100.560 0.091
201409 0.449 100.428 0.579
201412 0.083 99.070 0.108
201503 0.502 99.621 0.652
201506 0.201 100.684 0.258
201509 0.616 100.392 0.794
201512 -0.103 99.792 -0.134
201603 0.273 100.470 0.352
201606 0.565 101.688 0.719
201609 0.361 101.861 0.459
201612 0.182 101.863 0.231
201703 0.412 102.862 0.518
201706 0.460 103.349 0.576
201709 0.139 104.136 0.173
201712 0.084 104.011 0.105
201803 0.267 105.290 0.328
201806 0.415 106.317 0.505
201809 0.426 106.507 0.518
201812 0.349 105.998 0.426
201903 0.393 107.251 0.474
201906 1.320 108.070 1.581
201909 0.852 108.329 1.018
201912 -0.004 108.420 -0.005
202003 0.489 108.902 0.581
202006 2.254 108.767 2.682
202009 0.620 109.815 0.731
202012 0.809 109.897 0.953
202103 1.583 111.754 1.833
202106 1.207 114.631 1.363
202109 1.302 115.734 1.456
202112 -0.533 117.630 -0.586
202203 1.220 121.301 1.302
202206 1.020 125.017 1.056
202209 0.816 125.227 0.843
202212 0.618 125.222 0.639
202303 0.570 127.348 0.579
202306 1.544 128.729 1.552
202309 1.282 129.860 1.278
202312 0.324 129.419 0.324
202403 0.699 129.419 0.699

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.


LKQ  (NAS:LKQ) 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.


LKQ Cyclically Adjusted Price-to-FCF Related Terms

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


LKQ (LKQ) 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.
Executives
Blythe J Mcgarvie director HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074
Varun Laroyia officer: Executive VP and CFO 500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661
Dominick P Zarcone director, officer: President and CEO C/O LKQ CORPORATION, 500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661
Meg Divitto director 500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661
Xavier Urbain director 500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661
Patrick Berard director 500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661
Robert M. Hanser director 500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661
John W Mendel director C/O TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Valueact Capital Master Fund, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Rick Galloway officer: SVP and CFO 500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661
Joseph M Holsten director, officer: President and CEO
Genevieve L Dombrowski officer: SVP -- Human Resources 500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661
Valueact Holdings, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Capital Management, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Capital Management, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129

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