GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Choice Hotels International Inc (NYSE:CHH) » Definitions » Cyclically Adjusted Price-to-FCF

Choice Hotels International (Choice Hotels International) Cyclically Adjusted Price-to-FCF : 28.96 (As of May. 24, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Choice Hotels International Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Choice Hotels International's current share price is $114.96. Choice Hotels International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.97. Choice Hotels International's Cyclically Adjusted Price-to-FCF for today is 28.96.

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

CHH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.54   Med: 29.48   Max: 48.62
Current: 29.01

During the past years, Choice Hotels International's highest Cyclically Adjusted Price-to-FCF was 48.62. The lowest was 18.54. And the median was 29.48.

CHH's Cyclically Adjusted Price-to-FCF is ranked worse than
60.63% of 348 companies
in the Travel & Leisure industry
Industry Median: 21.865 vs CHH: 29.01

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.

Choice Hotels International's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.654. 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 $3.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Choice Hotels International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Choice Hotels International'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.

Choice Hotels International Cyclically Adjusted Price-to-FCF Chart

Choice Hotels International 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 35.55 37.58 46.67 29.98 28.57

Choice Hotels International 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 30.56 29.39 30.29 28.57 31.85

Competitive Comparison of Choice Hotels International's Cyclically Adjusted Price-to-FCF

For the Lodging subindustry, Choice Hotels International'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.


Choice Hotels International's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

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

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



Choice Hotels International 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.

Choice Hotels International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=114.96/3.97
=28.96

* 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.

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

For example, Choice Hotels International'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)
=-0.654/131.7762*131.7762
=-0.654

Current CPI (Mar. 2024) = 131.7762.

Choice Hotels International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.964 100.560 1.263
201409 1.163 100.428 1.526
201412 0.683 99.070 0.908
201503 -0.393 99.621 -0.520
201506 0.878 100.684 1.149
201509 0.941 100.392 1.235
201512 0.967 99.792 1.277
201603 -0.477 100.470 -0.626
201606 0.771 101.688 0.999
201609 0.961 101.861 1.243
201612 0.967 101.863 1.251
201703 0.309 102.862 0.396
201706 0.599 103.349 0.764
201709 1.662 104.136 2.103
201712 1.518 104.011 1.923
201803 -0.029 105.290 -0.036
201806 0.748 106.317 0.927
201809 1.243 106.507 1.538
201812 1.470 105.998 1.827
201903 0.041 107.251 0.050
201906 1.012 108.070 1.234
201909 1.486 108.329 1.808
201912 1.170 108.420 1.422
202003 -0.026 108.902 -0.031
202006 -0.345 108.767 -0.418
202009 1.024 109.815 1.229
202012 0.696 109.897 0.835
202103 -0.182 111.754 -0.215
202106 1.544 114.631 1.775
202109 2.146 115.734 2.443
202112 1.955 117.630 2.190
202203 0.641 121.301 0.696
202206 1.282 125.017 1.351
202209 1.597 125.227 1.681
202212 1.458 125.222 1.534
202303 -0.167 127.348 -0.173
202306 1.712 128.729 1.753
202309 1.689 129.860 1.714
202312 0.289 129.419 0.294
202403 -0.654 131.776 -0.654

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.


Choice Hotels International  (NYSE:CHH) 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.


Choice Hotels International Cyclically Adjusted Price-to-FCF Related Terms

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


Choice Hotels International (Choice Hotels International) Business Description

Traded in Other Exchanges
Address
1 Choice Hotels Circle, Suite 400, Rockville, MD, USA, 20850
As of Dec. 31, 2022, Choice Hotels operated 628,000 rooms across 13 brands addressing the economy and midscale segments. Comfort Inn and Comfort Suites are the largest brands (27% of the company's total domestic rooms), while Ascend and Cambria (7% of total domestic rooms) are newer lifestyle and select-service brands. Choice added its 13th brand with the launch of extended-stay brand Everhome in January 2020. Choice closed on its Radisson acquisition in August 2022, which will add around 70,000 rooms. Franchises are 99% of total revenue, and the United States represents 79% of total rooms in 2022.
Executives
Dominic Dragisich officer: Chief Financial Officer 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Noha Abdalla officer: Chief Marketing Officer 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
William L Jews director C/O FORTRESS INTERNATIONAL GROUP, INC., 7226 LEE DEFOREST DRIVE, SUITE 203, COLUMBIA, MD 21046
Scott E Oaksmith officer: Controller 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Patrick Cimerola officer: Senior Vice President 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Simone Wu officer: Senior Vice President 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Brian Bainum director 8171 MAPLE LAWN BLVD, SUITE 375, FULTON MD 20759
John P Tague director
David A Pepper officer: SVP, Franchise Development 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
John Bonds officer: Senior Vice President 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Sanchez Raul Ramirez officer: Chief Strat & Intl Op Officer 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Elizabeth A Redmond officer: Principal Accounting Officer 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Donna F Vieira director 300 CONTINENTAL DRIVE, NEWARK DE 19713
Patrick Pacious officer: Senior Vice President 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Liza Landsman director 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850