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Tripadvisor (MIL:1TRIP) Cyclically Adjusted FCF per Share : €1.66 (As of Mar. 2024)


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What is Tripadvisor 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.

Tripadvisor's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.820. 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 €1.66 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tripadvisor's average Cyclically Adjusted FCF Growth Rate was -6.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.20% 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 Tripadvisor was 1.20% per year. The lowest was -4.00% per year. And the median was -1.40% per year.

As of today (2024-05-20), Tripadvisor's current stock price is €17.015. Tripadvisor's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.66. Tripadvisor's Cyclically Adjusted Price-to-FCF of today is 10.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tripadvisor was 35.08. The lowest was 7.58. And the median was 12.34.


Tripadvisor Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tripadvisor'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.

Tripadvisor Cyclically Adjusted FCF per Share Chart

Tripadvisor 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 1.81 1.37 1.59 1.72 1.60

Tripadvisor 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 1.81 1.85 1.70 1.60 1.66

Competitive Comparison of Tripadvisor's Cyclically Adjusted FCF per Share

For the Travel Services subindustry, Tripadvisor'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.


Tripadvisor's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tripadvisor's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tripadvisor 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, Tripadvisor'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)
=0.82/131.7762*131.7762
=0.820

Current CPI (Mar. 2024) = 131.7762.

Tripadvisor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.686 100.560 0.899
201409 0.244 100.428 0.320
201412 0.306 99.070 0.407
201503 0.430 99.621 0.569
201506 1.080 100.684 1.414
201509 0.006 100.392 0.008
201512 0.396 99.792 0.523
201603 0.654 100.470 0.858
201606 1.332 101.688 1.726
201609 -0.655 101.861 -0.847
201612 0.193 101.863 0.250
201703 0.748 102.862 0.958
201706 1.288 103.349 1.642
201709 -0.905 104.136 -1.145
201712 0.025 104.011 0.032
201803 0.921 105.290 1.153
201806 1.039 106.317 1.288
201809 0.000 106.507 0.000
201812 0.094 105.998 0.117
201903 1.036 107.251 1.273
201906 1.004 108.070 1.224
201909 -0.136 108.329 -0.165
201912 0.236 108.420 0.287
202003 -0.599 108.902 -0.725
202006 -0.623 108.767 -0.755
202009 -0.266 109.815 -0.319
202012 -0.140 109.897 -0.168
202103 -0.179 111.754 -0.211
202106 0.666 114.631 0.766
202109 -0.460 115.734 -0.524
202112 0.329 117.630 0.369
202203 0.470 121.301 0.511
202206 1.827 125.017 1.926
202209 0.318 125.227 0.335
202212 -0.342 125.222 -0.360
202303 0.788 127.348 0.815
202306 0.572 128.729 0.586
202309 -0.013 129.860 -0.013
202312 -0.201 129.419 -0.205
202403 0.820 131.776 0.820

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


Tripadvisor  (MIL:1TRIP) 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.

Tripadvisor's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=17.015/1.66
=10.25

* 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 Tripadvisor was 35.08. The lowest was 7.58. And the median was 12.34.


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.


Tripadvisor Cyclically Adjusted FCF per Share Related Terms

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


Tripadvisor (MIL:1TRIP) Business Description

Address
400 1st Avenue, Needham, MA, USA, 02494
Tripadvisor is the world's leading travel metasearch company. Its platform offers 1 billion reviews and information on about 8 million accommodations, restaurants, experiences, airlines, and cruises. In 2022, 65% of revenue came from the company's core segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 33% of sales in 2022, and TheFork, its dining brand, represented 8% of revenue (about 6% of sales were intersegment, which are eliminated from consolidated revenue).

Tripadvisor (MIL:1TRIP) Headlines

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