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Grendene (BSP:GRND3) Cyclically Adjusted Price-to-FCF : 11.00 (As of Jun. 10, 2024)


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What is Grendene Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Grendene's current share price is R$6.27. Grendene's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.57. Grendene's Cyclically Adjusted Price-to-FCF for today is 11.00.

The historical rank and industry rank for Grendene's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:GRND3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.46   Med: 19.6   Max: 31.08
Current: 11

During the past years, Grendene's highest Cyclically Adjusted Price-to-FCF was 31.08. The lowest was 10.46. And the median was 19.60.

BSP:GRND3's Cyclically Adjusted Price-to-FCF is ranked better than
69.23% of 364 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 17.89 vs BSP:GRND3: 11.00

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.

Grendene's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.353. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$0.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grendene Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Grendene's Cyclically Adjusted Price-to-FCF 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.

Grendene Cyclically Adjusted Price-to-FCF Chart

Grendene Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.40 21.71 18.26 11.79 12.33

Grendene Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 14.02 14.57 12.35 12.33 11.60

Competitive Comparison of Grendene's Cyclically Adjusted Price-to-FCF

For the Footwear & Accessories subindustry, Grendene'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.


Grendene's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Grendene's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Grendene Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Grendene's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.27/0.57
=11.00

* 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.

Grendene's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Grendene'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)
=0.353/159.3724*159.3724
=0.353

Current CPI (Mar. 2024) = 159.3724.

Grendene Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.108 91.838 0.187
201409 0.046 92.602 0.079
201412 -0.013 94.194 -0.022
201503 0.232 97.799 0.378
201506 0.206 100.006 0.328
201509 -0.109 101.392 -0.171
201512 0.080 104.247 0.122
201603 0.284 106.979 0.423
201606 0.184 108.851 0.269
201609 0.073 109.986 0.106
201612 0.008 110.802 0.012
201703 0.188 111.869 0.268
201706 0.210 112.115 0.299
201709 -0.010 112.777 -0.014
201712 0.075 114.068 0.105
201803 0.196 114.868 0.272
201806 0.201 117.038 0.274
201809 0.015 117.881 0.020
201812 0.043 118.340 0.058
201903 0.258 120.124 0.342
201906 0.083 120.977 0.109
201909 0.048 121.292 0.063
201912 0.026 123.436 0.034
202003 0.116 124.092 0.149
202006 0.252 123.557 0.325
202009 -0.046 125.095 -0.059
202012 -0.275 129.012 -0.340
202103 0.188 131.660 0.228
202106 0.344 133.871 0.410
202109 -0.082 137.913 -0.095
202112 0.049 141.992 0.055
202203 0.207 146.537 0.225
202206 0.122 149.784 0.130
202209 -0.110 147.800 -0.119
202212 0.184 150.207 0.195
202303 0.285 153.352 0.296
202306 0.219 154.519 0.226
202309 0.019 155.464 0.019
202312 0.157 157.148 0.159
202403 0.353 159.372 0.353

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


Grendene  (BSP:GRND3) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Grendene Cyclically Adjusted Price-to-FCF Related Terms

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


Grendene (BSP:GRND3) Business Description

Traded in Other Exchanges
N/A
Address
Avenue Pimentel Gomes 214, Sobral, CE, BRA, 62040-125
Grendene SA is engaged in the development, production, distribution, and sale of plastic footwear for all the socio-economic classes, in the women's, men's, and children's market segments. It also has its own stores, franchises, and web commerce channels, operating under the brands Melissa, Grendha, Zaxy, Rider, Cartago, Grendene Kids, and Ipanema. It also owns the brands Pega Forte and Nuar. Geographically the company operates in Brazil, North America, Asia and Oceania, Europe, Central, and South America, and the Middle East and Africa, out of which a majority of its revenue comes from Brazil.

Grendene (BSP:GRND3) Headlines

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