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PetSmart (FRA:PEM) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is PetSmart Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


PetSmart Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PetSmart'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.

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PetSmart Cyclically Adjusted Price-to-FCF Chart

PetSmart Annual Data
Trend Jan06 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15
Cyclically Adjusted Price-to-FCF
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PetSmart Quarterly Data
Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15
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Competitive Comparison of PetSmart's Cyclically Adjusted Price-to-FCF

For the Specialty Retail subindustry, PetSmart'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.


PetSmart's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

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

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



PetSmart 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.

PetSmart's Cyclically Adjusted FCF per Share for the quarter that ended in Oct. 2014 is calculated as:

For example, PetSmart's adjusted Free Cash Flow per Share data for the three months ended in Oct. 2014 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Oct. 2014 (Change)*Current CPI (Oct. 2014)
=0.697/100.1755*100.1755
=0.697

Current CPI (Oct. 2014) = 100.1755.

PetSmart Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200501 0.447 80.458 0.557
200504 0.488 82.104 0.595
200507 -0.056 82.441 -0.068
200510 -0.037 84.045 -0.044
200601 0.560 83.665 0.671
200604 0.097 85.015 0.114
200607 0.309 85.859 0.361
200610 -0.325 85.142 -0.382
200701 0.185 85.402 0.217
200704 0.274 87.203 0.315
200707 -0.109 87.884 -0.124
200710 -0.237 88.152 -0.269
200801 0.273 89.057 0.307
200804 0.298 90.636 0.329
200807 0.121 92.805 0.131
200810 -0.130 91.375 -0.143
200901 0.718 89.084 0.807
200904 0.817 89.968 0.910
200907 0.319 90.859 0.352
200910 0.347 91.207 0.381
201001 1.130 91.423 1.238
201004 0.342 91.980 0.372
201007 0.120 91.981 0.131
201010 0.305 92.277 0.331
201101 1.317 92.914 1.420
201104 0.391 94.890 0.413
201107 0.544 95.319 0.572
201110 0.618 95.529 0.648
201201 1.407 95.632 1.474
201204 0.638 97.075 0.658
201207 0.502 96.661 0.520
201210 0.657 97.595 0.674
201301 1.812 97.158 1.868
201304 0.826 98.107 0.843
201307 0.441 98.557 0.448
201310 0.393 98.536 0.400
201401 1.701 98.692 1.727
201404 0.757 100.023 0.758
201407 0.413 100.520 0.412
201410 0.697 100.176 0.697

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.


PetSmart  (FRA:PEM) 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.


PetSmart Cyclically Adjusted Price-to-FCF Related Terms

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


PetSmart (FRA:PEM) Business Description

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Traded in Other Exchanges
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Website
PetSmart Inc was incorporated in the State of Delaware in 1986. The Company provides specialty products, services and solutions for the lifetime needs of pets in North America. It offers a broad selection of products for all the life stages of pets, as well as various pet services including professional grooming, training, day camp for dogs and boarding. It also offers pet products through its website, PetSmart.com. As of 2 February 2014, it operated 1,333 retail stores and had full-service veterinary hospitals in 844 of its stores. MMI Holdings, Inc., through a wholly owned subsidiary, Medical Management International, Inc., operated 837 of the veterinary hospitals under the registered trade name of "Banfield, The Pet Hospital." The remaining 7 hospitals are operated by other third parties in Canada. The Company opened 55 net new stores in 2013 and at the end of the year operated 1,333 retail stores in the United States, Puerto Rico and Canada. Its stores typically range in size from 12,000 to 27,500 square feet and carry a broad selection of high-quality pet products at everyday low prices. It offers approximately 11,000 distinct items in stores and 9,000 additional items on its website, PetSmart.com, including nationally recognized brand names, as well as an extensive selection of proprietary brands across a range of product categories. All the Company's stores feature pet styling salons that provide high-quality grooming services and offer comprehensive pet training services. Its PetsHotels provide boarding for dogs and cats, which includes 24-hour supervision by caregivers who are trained to provide personalized pet care, temperature controlled rooms and suites, daily specialty treats and play time, as well as day camp for dogs. As of 3 February 2014, it operated 199 PetsHotels. The Company's trademarks include PetSmart, PetSmart.com, PetSmart PetsHotel, PetPerks, and Where Pets Are Family, as well as many others.

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