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AutoNation (STU:RWI) Cyclically Adjusted FCF per Share : €8.37 (As of Mar. 2024)


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What is AutoNation 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.

AutoNation's adjusted free cash flow per share for the three months ended in Mar. 2024 was €4.367. 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 €8.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AutoNation's average Cyclically Adjusted FCF Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 35.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 40.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 19.80% 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 AutoNation was 71.40% per year. The lowest was 1.20% per year. And the median was 8.30% per year.

As of today (2024-06-07), AutoNation's current stock price is €152.35. AutoNation's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €8.37. AutoNation's Cyclically Adjusted Price-to-FCF of today is 18.20.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AutoNation was 39.88. The lowest was 10.60. And the median was 22.53.


AutoNation Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AutoNation'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.

AutoNation Cyclically Adjusted FCF per Share Chart

AutoNation 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 2.04 2.76 4.60 7.42 7.74

AutoNation 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 8.03 7.82 8.49 7.74 8.37

Competitive Comparison of AutoNation's Cyclically Adjusted FCF per Share

For the Auto & Truck Dealerships subindustry, AutoNation'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.


AutoNation's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

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

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



AutoNation 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, AutoNation'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)
=4.367/131.7762*131.7762
=4.367

Current CPI (Mar. 2024) = 131.7762.

AutoNation Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.348 100.560 -0.456
201409 1.256 100.428 1.648
201412 -0.177 99.070 -0.235
201503 1.069 99.621 1.414
201506 -0.202 100.684 -0.264
201509 1.413 100.392 1.855
201512 -0.311 99.792 -0.411
201603 1.158 100.470 1.519
201606 -0.287 101.688 -0.372
201609 1.573 101.861 2.035
201612 -0.184 101.863 -0.238
201703 0.848 102.862 1.086
201706 -0.222 103.349 -0.283
201709 1.367 104.136 1.730
201712 0.006 104.011 0.008
201803 0.850 105.290 1.064
201806 -0.088 106.317 -0.109
201809 1.549 106.507 1.917
201812 -1.378 105.998 -1.713
201903 1.949 107.251 2.395
201906 1.012 108.070 1.234
201909 1.772 108.329 2.156
201912 0.205 108.420 0.249
202003 0.719 108.902 0.870
202006 7.534 108.767 9.128
202009 2.218 109.815 2.662
202012 0.004 109.897 0.005
202103 4.856 111.754 5.726
202106 3.427 114.631 3.940
202109 7.019 115.734 7.992
202112 0.190 117.630 0.213
202203 8.509 121.301 9.244
202206 2.411 125.017 2.541
202209 8.535 125.227 8.981
202212 2.487 125.222 2.617
202303 8.137 127.348 8.420
202306 -2.174 128.729 -2.225
202309 3.590 129.860 3.643
202312 -3.490 129.419 -3.554
202403 4.367 131.776 4.367

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


AutoNation  (STU:RWI) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=152.35/8.37
=18.20

* 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 AutoNation was 39.88. The lowest was 10.60. And the median was 22.53.


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.


AutoNation Cyclically Adjusted FCF per Share Related Terms

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


AutoNation (STU:RWI) Business Description

Industry
Traded in Other Exchanges
Address
200 SW 1st Avenue, Fort Lauderdale, FL, USA, 33301
AutoNation is the second largest automotive dealer in the United States, with 2022 revenue of $27 billion and over 250 dealerships, plus 53 collision centers. The firm also has 16 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors all across 20 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.

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