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Sysco (WBO:SYY) Cyclically Adjusted FCF per Share : €2.94 (As of Mar. 2024)


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What is Sysco 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.

Sysco's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.612. 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 €2.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sysco's average Cyclically Adjusted FCF Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.70% 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 Sysco was 28.00% per year. The lowest was -0.20% per year. And the median was 9.60% per year.

As of today (2024-05-23), Sysco's current stock price is €67.89. Sysco's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.94. Sysco's Cyclically Adjusted Price-to-FCF of today is 23.09.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sysco was 42.45. The lowest was 16.82. And the median was 30.62.


Sysco Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sysco'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.

Sysco Cyclically Adjusted FCF per Share Chart

Sysco Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.64 2.76

Sysco 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 2.67 2.76 2.89 2.81 2.94

Competitive Comparison of Sysco's Cyclically Adjusted FCF per Share

For the Food Distribution subindustry, Sysco'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.


Sysco's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Sysco's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Sysco 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, Sysco'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)
=0.612/131.7762*131.7762
=0.612

Current CPI (Mar. 2024) = 131.7762.

Sysco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.633 100.560 0.830
201409 -0.074 100.428 -0.097
201412 0.287 99.070 0.382
201503 0.415 99.621 0.549
201506 0.876 100.684 1.147
201509 -0.568 100.392 -0.746
201512 0.969 99.792 1.280
201603 0.641 100.470 0.841
201606 1.308 101.688 1.695
201609 0.177 101.861 0.229
201612 0.417 101.863 0.539
201703 0.541 102.862 0.693
201706 1.450 103.349 1.849
201709 -0.084 104.136 -0.106
201712 1.167 104.011 1.479
201803 0.113 105.290 0.141
201806 1.166 106.317 1.445
201809 0.270 106.507 0.334
201812 0.883 105.998 1.098
201903 0.491 107.251 0.603
201906 1.253 108.070 1.528
201909 -0.007 108.329 -0.009
201912 0.638 108.420 0.775
202003 0.200 108.902 0.242
202006 0.739 108.767 0.895
202009 1.422 109.815 1.706
202012 -0.132 109.897 -0.158
202103 0.744 111.754 0.877
202106 0.329 114.631 0.378
202109 0.043 115.734 0.049
202112 0.292 117.630 0.327
202203 0.395 121.301 0.429
202206 1.364 125.017 1.438
202209 -0.017 125.227 -0.018
202212 0.375 125.222 0.395
202303 1.388 127.348 1.436
202306 2.038 128.729 2.086
202309 -0.156 129.860 -0.158
202312 1.075 129.419 1.095
202403 0.612 131.776 0.612

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


Sysco  (WBO:SYY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=67.89/2.94
=23.09

* 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 Sysco was 42.45. The lowest was 16.82. And the median was 30.62.


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.


Sysco Cyclically Adjusted FCF per Share Related Terms

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


Sysco (WBO:SYY) Business Description

Industry
Address
1390 Enclave Parkway, Houston, TX, USA, 77077-2099
Sysco is the largest U.S. foodservice distributor with 17% share of the highly fragmented $350 billion domestic market. Sysco distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%) and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 70% of the firm's revenue was derived from its U.S. foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments made up the difference.

Sysco (WBO:SYY) Headlines