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Fox Factory Holding (FRA:FF0) Cyclically Adjusted FCF per Share : €1.20 (As of Mar. 2024)


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What is Fox Factory Holding 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.

Fox Factory Holding's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.012. 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 €1.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fox Factory Holding's average Cyclically Adjusted FCF Growth Rate was 60.50% 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.

As of today (2024-06-01), Fox Factory Holding's current stock price is €42.73. Fox Factory Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.20. Fox Factory Holding's Cyclically Adjusted Price-to-FCF of today is 35.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fox Factory Holding was 312.78. The lowest was 31.12. And the median was 123.48.


Fox Factory Holding Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Fox Factory Holding'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.

Fox Factory Holding Cyclically Adjusted FCF per Share Chart

Fox Factory Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.57 0.94 1.15

Fox Factory Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.74 0.90 1.16 1.15 1.20

Competitive Comparison of Fox Factory Holding's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Fox Factory Holding'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.


Fox Factory Holding's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fox Factory Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Fox Factory Holding 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, Fox Factory Holding'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)
=-0.012/131.7762*131.7762
=-0.012

Current CPI (Mar. 2024) = 131.7762.

Fox Factory Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.061 100.560 0.080
201409 0.271 100.428 0.356
201412 0.284 99.070 0.378
201503 0.196 99.621 0.259
201506 -0.290 100.684 -0.380
201509 0.216 100.392 0.284
201512 0.343 99.792 0.453
201603 0.020 100.470 0.026
201606 -0.164 101.688 -0.213
201609 0.191 101.861 0.247
201612 0.619 101.863 0.801
201703 0.156 102.862 0.200
201706 0.212 103.349 0.270
201709 -0.083 104.136 -0.105
201712 0.424 104.011 0.537
201803 0.146 105.290 0.183
201806 0.371 106.317 0.460
201809 0.363 106.507 0.449
201812 -0.116 105.998 -0.144
201903 0.033 107.251 0.041
201906 0.059 108.070 0.072
201909 0.023 108.329 0.028
201912 0.374 108.420 0.455
202003 -1.071 108.902 -1.296
202006 0.432 108.767 0.523
202009 1.627 109.815 1.952
202012 -0.542 109.897 -0.650
202103 0.975 111.754 1.150
202106 0.090 114.631 0.103
202109 1.109 115.734 1.263
202112 -2.101 117.630 -2.354
202203 -3.242 121.301 -3.522
202206 1.028 125.017 1.084
202209 3.021 125.227 3.179
202212 2.713 125.222 2.855
202303 -1.713 127.348 -1.773
202306 1.117 128.729 1.143
202309 2.671 129.860 2.710
202312 0.809 129.419 0.824
202403 -0.012 131.776 -0.012

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


Fox Factory Holding  (FRA:FF0) 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.

Fox Factory Holding's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=42.73/1.2
=35.61

* 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 Fox Factory Holding was 312.78. The lowest was 31.12. And the median was 123.48.


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.


Fox Factory Holding Cyclically Adjusted FCF per Share Related Terms

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


Fox Factory Holding (FRA:FF0) Business Description

Traded in Other Exchanges
Address
2055 Sugarloaf Circle, Suite 300, Duluth, GA, USA, 30097
Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used primarily on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North Americas and also has a presence in Asia, Europe, and the Rest of the World.

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