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Starbucks (Starbucks) Cyclically Adjusted Price-to-FCF : 27.66 (As of Apr. 27, 2024)


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What is Starbucks Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Starbucks's current share price is $88.25. Starbucks's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.19. Starbucks's Cyclically Adjusted Price-to-FCF for today is 27.66.

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

SBUX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.62   Med: 53.46   Max: 103.06
Current: 27.56

During the past years, Starbucks's highest Cyclically Adjusted Price-to-FCF was 103.06. The lowest was 26.62. And the median was 53.46.

SBUX's Cyclically Adjusted Price-to-FCF is ranked worse than
75.42% of 118 companies
in the Restaurants industry
Industry Median: 15.395 vs SBUX: 27.56

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.

Starbucks's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.568. 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 $3.19 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Starbucks Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Starbucks'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.

Starbucks Cyclically Adjusted Price-to-FCF Chart

Starbucks Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.38 45.60 48.16 32.04 31.49

Starbucks 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 37.39 38.32 35.27 31.49 30.12

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

For the Restaurants subindustry, Starbucks'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.


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

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

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



Starbucks 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=88.25/3.19
=27.66

* 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.

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

For example, Starbucks'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)
=1.568/129.4194*129.4194
=1.568

Current CPI (Dec. 2023) = 129.4194.

Starbucks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.112 99.695 0.145
201406 0.356 100.560 0.458
201409 0.257 100.428 0.331
201412 0.747 99.070 0.976
201503 0.172 99.621 0.223
201506 0.291 100.684 0.374
201509 0.405 100.392 0.522
201512 0.868 99.792 1.126
201603 0.143 100.470 0.184
201606 0.487 101.688 0.620
201609 0.691 101.861 0.878
201612 0.831 101.863 1.056
201703 0.090 102.862 0.113
201706 0.534 103.349 0.669
201709 0.413 104.136 0.513
201712 0.979 104.011 1.218
201803 -0.009 105.290 -0.011
201806 0.508 106.317 0.618
201809 5.831 106.507 7.085
201812 1.554 105.998 1.897
201903 -0.019 107.251 -0.023
201906 0.600 108.070 0.719
201909 0.483 108.329 0.577
201912 1.211 108.420 1.446
202003 -1.461 108.902 -1.736
202006 -0.640 108.767 -0.762
202009 0.972 109.815 1.146
202012 1.278 109.897 1.505
202103 0.473 111.754 0.548
202106 1.190 114.631 1.344
202109 0.872 115.734 0.975
202112 1.236 117.630 1.360
202203 -0.254 121.301 -0.271
202206 0.731 125.017 0.757
202209 0.481 125.227 0.497
202212 0.934 125.222 0.965
202303 0.245 127.348 0.249
202306 0.931 128.729 0.936
202309 1.084 129.860 1.080
202312 1.568 129.419 1.568

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.


Starbucks  (NAS:SBUX) 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.


Starbucks Cyclically Adjusted Price-to-FCF Related Terms

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


Starbucks (Starbucks) Business Description

Industry
Address
2401 Utah Avenue South, Seattle, WA, USA, 98134
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
Executives
Sara Kelly officer: evp, chief partner officer 2401 UTAH AVENUE SOUTH, SEATTLE WA 98134
Rachel Ruggeri officer: evp, cfo 2401 UTAH AVENUE SOUTH, #800, SEATTLE WA 98134
Michael Aaron Conway officer: group president International 18 LOVETON CIRCLE, SPARKS MD 21152
Wei Zhang director RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
Bradley E Lerman officer: evp, general counsel MEDTRONIC, INC., 710 MEDTRONIC PKWY MSLC300, MINNEAPOLIS MN 55432
Beth Ford director C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Zabrina Jenkins officer: Interim evp, general counsel C/O RETAIL OPPORTUNITY INVESTMENT CORP., 11250 EL CAMINO REAL. SUITE 200, SAN DIEGO CA 92130
Clara Shih director 2401 UTAH AVE S, # 800, SEATTLE WA 98134
Laxman Narasimhan officer: ceo-elect PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Mellody L Hobson director C/O TELLABS, 1415 W DIEHL RD, NAPERVILLE IL 60563
Allison Richard E Jr director 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Howard D Schultz director, officer: chairman, president and ceo 2401 UTAH AVE SOUTH, SEATTLE WA 98134
Angela Lis officer: evp, chief partner officer 2401 UTAH AVENUE SOUTH, EX6, SEATTLE WA 98134
Kevin R Johnson director 2401 UTAH AVE. S, SUITE 800, SEATTLE WA 98134
Gina Woods officer: evp, Public Affairs 2401 UTAH AVENUE SOUTH, #800, SEATTLE WA 98134

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