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VF (WBO:VFC) Cyclically Adjusted Price-to-FCF : 5.39 (As of Apr. 29, 2024)


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What is VF Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), VF's current share price is €12.028. VF's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €2.23. VF's Cyclically Adjusted Price-to-FCF for today is 5.39.

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

WBO:VFC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.98   Med: 28.42   Max: 39.54
Current: 5.21

During the past years, VF's highest Cyclically Adjusted Price-to-FCF was 39.54. The lowest was 4.98. And the median was 28.42.

WBO:VFC's Cyclically Adjusted Price-to-FCF is ranked better than
86.23% of 363 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.13 vs WBO:VFC: 5.21

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.

VF's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €2.577. 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 €2.23 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


VF Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for VF'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.

VF Cyclically Adjusted Price-to-FCF Chart

VF Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.10 20.89 28.92 19.45 9.08

VF 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 11.41 9.08 7.61 7.21 7.75

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

For the Apparel Manufacturing subindustry, VF'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.


VF's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, VF's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



VF 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.028/2.23
=5.39

* 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.

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

For example, VF'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)
=2.577/129.4194*129.4194
=2.577

Current CPI (Dec. 2023) = 129.4194.

VF Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.130 99.695 -0.169
201406 0.249 100.560 0.320
201409 0.108 100.428 0.139
201412 2.456 99.070 3.208
201503 -1.002 99.621 -1.302
201506 0.101 100.684 0.130
201509 -0.204 100.392 -0.263
201512 2.988 99.792 3.875
201603 -0.394 100.470 -0.508
201606 0.221 101.688 0.281
201609 -0.066 101.861 -0.084
201612 3.119 101.863 3.963
201703 -0.611 102.862 -0.769
201706 0.345 103.349 0.432
201709 -0.115 104.136 -0.143
201712 3.043 104.011 3.786
201803 -0.640 105.290 -0.787
201806 0.400 106.317 0.487
201809 -0.547 106.507 -0.665
201812 2.790 105.998 3.406
201903 0.434 107.251 0.524
201906 -0.276 108.070 -0.331
201909 -0.835 108.329 -0.998
201912 2.521 108.420 3.009
202003 -0.196 108.902 -0.233
202006 -0.195 108.767 -0.232
202009 0.039 109.815 0.046
202012 2.104 109.897 2.478
202103 0.216 111.754 0.250
202106 -0.070 114.631 -0.079
202109 -0.700 115.734 -0.783
202112 1.978 117.630 2.176
202203 0.039 121.301 0.042
202206 -1.069 125.017 -1.107
202209 -1.599 125.227 -1.653
202212 0.031 125.222 0.032
202303 0.294 127.348 0.299
202306 0.188 128.729 0.189
202309 -0.572 129.860 -0.570
202312 2.577 129.419 2.577

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.


VF  (WBO:VFC) 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.


VF Cyclically Adjusted Price-to-FCF Related Terms

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


VF (WBO:VFC) Business Description

Address
1551 Wewatta Street, Denver, CO, USA, 80202
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of about a dozen brands includes Vans, The North Face, Timberland, Supreme, and Dickies. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. The company has grown through multiple acquisitions and traces its roots to 1899.

VF (WBO:VFC) Headlines