GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tapestry Inc (NYSE:TPR) » Definitions » Cyclically Adjusted Price-to-FCF

Tapestry (Tapestry) Cyclically Adjusted Price-to-FCF : 13.22 (As of Apr. 29, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Tapestry Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Tapestry's current share price is $40.05. Tapestry's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.03. Tapestry's Cyclically Adjusted Price-to-FCF for today is 13.22.

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

TPR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.05   Med: 13.96   Max: 26.33
Current: 13.24

During the past years, Tapestry's highest Cyclically Adjusted Price-to-FCF was 26.33. The lowest was 4.05. And the median was 13.96.

TPR's Cyclically Adjusted Price-to-FCF is ranked better than
50.57% of 435 companies
in the Retail - Cyclical industry
Industry Median: 13.15 vs TPR: 13.24

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.

Tapestry's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $3.469. 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 $3.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tapestry Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tapestry'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.

Tapestry Cyclically Adjusted Price-to-FCF Chart

Tapestry Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.94 5.01 15.12 10.28 15.00

Tapestry 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 13.60 15.39 15.00 10.10 12.17

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

For the Luxury Goods subindustry, Tapestry'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.


Tapestry's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

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



Tapestry 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.05/3.03
=13.22

* 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.

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

For example, Tapestry'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)
=3.469/129.4194*129.4194
=3.469

Current CPI (Dec. 2023) = 129.4194.

Tapestry Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.193 99.695 0.251
201406 0.918 100.560 1.181
201409 0.356 100.428 0.459
201412 1.467 99.070 1.916
201503 0.399 99.621 0.518
201506 0.406 100.684 0.522
201509 -0.221 100.392 -0.285
201512 0.704 99.792 0.913
201603 0.322 100.470 0.415
201606 0.458 101.688 0.583
201609 -0.399 101.861 -0.507
201612 1.117 101.863 1.419
201703 0.464 102.862 0.584
201706 0.834 103.349 1.044
201709 -0.533 104.136 -0.662
201712 1.596 104.011 1.986
201803 0.329 105.290 0.404
201806 1.135 106.317 1.382
201809 -0.254 106.507 -0.309
201812 1.915 105.998 2.338
201903 -0.221 107.251 -0.267
201906 0.344 108.070 0.412
201909 -0.232 108.329 -0.277
201912 1.828 108.420 2.182
202003 -0.602 108.902 -0.715
202006 -0.259 108.767 -0.308
202009 0.230 109.815 0.271
202012 2.251 109.897 2.651
202103 0.627 111.754 0.726
202106 1.155 114.631 1.304
202109 -0.041 115.734 -0.046
202112 2.193 117.630 2.413
202203 -0.208 121.301 -0.222
202206 0.863 125.017 0.893
202209 -0.801 125.227 -0.828
202212 2.266 125.222 2.342
202303 0.299 127.348 0.304
202306 1.553 128.729 1.561
202309 0.234 129.860 0.233
202312 3.469 129.419 3.469

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.


Tapestry  (NYSE:TPR) 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.


Tapestry Cyclically Adjusted Price-to-FCF Related Terms

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


Tapestry (Tapestry) Business Description

Traded in Other Exchanges
Address
10 Hudson Yards, New York, NY, USA, 10001
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.
Executives
Denise Kulikowsky officer: Chief People Officer 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Lau Alan Ka Ming director 10 HUDSON YARDS, NEW YORK NY 10001
Manesh Dadlani officer: VP, Controller and PAO 10 HUDSON YARDS, NEW YORK NY 10001
Thomas A. Glaser officer: Chief Operations Officer 10 HUDSON YARDS, 19TH FLOOR, NEW YORK NY 10001
Sarah Dunn officer: SVP, Human Resources 516 WEST 34TH STREET, NEW YORK NY 10001
Todd Kahn officer: SVP and General Counsel 516 WEST 34TH STREET, NEW YORK NY 10001
Johanna W. Faber director 10 HUDSON YARDS, NEW YORK NY 10001
David E Howard officer: SVP, GC & Secretary 10 HUDSON YARDS, NEW YORK NY 10001
Scott A. Roe officer: CFO and Head of Strategy 105 CORPORATE CENTER BLVD., GREENSBORO NC 27408
Annabelle Yu Long director 516 WEST 34TH STREET, NEW YORK NY 10001
Ivan Menezes director C/O TAPESTRY, INC., 10 HUDSON YARDS, NEW YORK NY 10001
Thomas Greco director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Pamela Lifford director 10 HUDSON YARDS, NEW YORK NY 10001
John P Bilbrey director
Elizabeth Fraser officer: CEO & Brand Pres. Kate Spade 10 HUDSON YARDS, NEW YORK NY 10001

Tapestry (Tapestry) Headlines

From GuruFocus

Q1 2024 Tapestry Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2019 Tapestry Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2023 Tapestry Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2019 Tapestry Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Tapestry Inc Investor Day Transcript

By GuruFocus Research 01-23-2024

Q3 2023 Tapestry Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 Tapestry Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024