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Bath & Body Works (BSP:B1BW34) Cyclically Adjusted FCF per Share : R$5.48 (As of Jan. 2024)


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What is Bath & Body Works Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Bath & Body Works's adjusted free cash flow per share for the three months ended in Jan. 2024 was R$4.714. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$5.48 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Bath & Body Works's average Cyclically Adjusted FCF Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Bath & Body Works was 29.30% per year. The lowest was 2.20% per year. And the median was 11.60% per year.

As of today (2024-05-28), Bath & Body Works's current stock price is R$62.46. Bath & Body Works's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was R$5.48. Bath & Body Works's Cyclically Adjusted Price-to-FCF of today is 11.40.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bath & Body Works was 36.26. The lowest was 2.47. And the median was 12.73.


Bath & Body Works Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bath & Body Works's Cyclically Adjusted FCF per Share 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.

Bath & Body Works Cyclically Adjusted FCF per Share Chart

Bath & Body Works Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.11 5.91 4.98 5.25 5.48

Bath & Body Works Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted FCF per Share 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 5.25 5.39 5.01 5.31 5.48

Competitive Comparison of Bath & Body Works's Cyclically Adjusted FCF per Share

For the Specialty Retail subindustry, Bath & Body Works'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.


Bath & Body Works's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Bath & Body Works's Cyclically Adjusted Price-to-FCF falls into.



Bath & Body Works Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Bath & Body Works's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=4.714/130.1244*130.1244
=4.714

Current CPI (Jan. 2024) = 130.1244.

Bath & Body Works Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.449 100.023 -0.584
201407 0.629 100.520 0.814
201410 -0.641 100.176 -0.833
201501 2.842 98.604 3.751
201504 -0.733 99.824 -0.955
201507 0.829 100.691 1.071
201510 -1.172 100.346 -1.520
201601 5.602 99.957 7.293
201604 -0.699 100.947 -0.901
201607 0.679 101.524 0.870
201610 -1.167 101.988 -1.489
201701 3.875 102.456 4.921
201704 -0.429 103.167 -0.541
201707 0.019 103.278 0.024
201710 -0.868 104.070 -1.085
201801 3.279 104.578 4.080
201804 -0.722 105.708 -0.889
201807 0.363 106.324 0.444
201810 -1.419 106.695 -1.731
201901 4.338 106.200 5.315
201904 -0.687 107.818 -0.829
201907 0.387 108.250 0.465
201910 -1.479 108.577 -1.773
202001 4.604 108.841 5.504
202004 -1.905 108.173 -2.292
202007 2.651 109.318 3.156
202010 1.709 109.861 2.024
202101 6.232 110.364 7.348
202104 0.902 112.673 1.042
202107 0.972 115.183 1.098
202110 -0.981 116.696 -1.094
202201 5.382 118.619 5.904
202204 -0.108 121.978 -0.115
202207 -0.337 125.002 -0.351
202210 -0.602 125.734 -0.623
202301 5.674 126.223 5.849
202304 -0.267 127.992 -0.271
202307 -0.273 128.974 -0.275
202310 -0.671 129.810 -0.673
202401 4.714 130.124 4.714

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Bath & Body Works  (BSP:B1BW34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Bath & Body Works's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=62.46/5.48
=11.40

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bath & Body Works was 36.26. The lowest was 2.47. And the median was 12.73.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Bath & Body Works Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Bath & Body Works's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Bath & Body Works (BSP:B1BW34) Business Description

Traded in Other Exchanges
Address
Three Limited Parkway, Columbus, OH, USA, 43230
Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with less than 5% of sales from international markets in fiscal 2022. For fiscal 2022, 72% of sales stemmed from the brick-and-mortar network (which was composed of more than 1,800 retail stores), similar to 2021 levels, as consumer shopping patterns remained to normal. Future growth is expected from store reformatting, digital and international channels, as well as adjacent category expansion.

Bath & Body Works (BSP:B1BW34) Headlines

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