GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Papa John's International Inc (FRA:PP1) » Definitions » Cyclically Adjusted Price-to-FCF

Papa John's International (FRA:PP1) Cyclically Adjusted Price-to-FCF : 16.69 (As of May. 22, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Papa John's International Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Papa John's International's current share price is €45.40. Papa John's International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.72. Papa John's International's Cyclically Adjusted Price-to-FCF for today is 16.69.

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

FRA:PP1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.76   Med: 37.31   Max: 62
Current: 16.78

During the past years, Papa John's International's highest Cyclically Adjusted Price-to-FCF was 62.00. The lowest was 16.76. And the median was 37.31.

FRA:PP1's Cyclically Adjusted Price-to-FCF is ranked worse than
52.85% of 123 companies
in the Restaurants industry
Industry Median: 16.67 vs FRA:PP1: 16.78

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.

Papa John's International's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.030. 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 €2.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Papa John's International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Papa John's 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.

Papa John's International Cyclically Adjusted Price-to-FCF Chart

Papa John's 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 34.09 38.54 52.54 31.04 25.89

Papa John's 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 27.60 25.98 23.73 25.89 22.60

Competitive Comparison of Papa John's International's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, Papa John's 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.


Papa John's International's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Papa John's International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Papa John's 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.

Papa John's International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.40/2.72
=16.69

* 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.

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

For example, Papa John's 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)
=-0.03/131.7762*131.7762
=-0.030

Current CPI (Mar. 2024) = 131.7762.

Papa John's International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.224 100.560 0.294
201409 0.353 100.428 0.463
201412 0.534 99.070 0.710
201503 0.746 99.621 0.987
201506 0.638 100.684 0.835
201509 0.709 100.392 0.931
201512 0.892 99.792 1.178
201603 0.553 100.470 0.725
201606 0.760 101.688 0.985
201609 0.641 101.861 0.829
201612 0.310 101.863 0.401
201703 0.808 102.862 1.035
201706 0.362 103.349 0.462
201709 0.558 104.136 0.706
201712 0.258 104.011 0.327
201803 0.663 105.290 0.830
201806 0.651 106.317 0.807
201809 0.613 106.507 0.758
201812 -0.665 105.998 -0.827
201903 0.145 107.251 0.178
201906 0.256 108.070 0.312
201909 0.233 108.329 0.283
201912 0.045 108.420 0.055
202003 0.778 108.902 0.941
202006 1.254 108.767 1.519
202009 1.813 109.815 2.176
202012 0.162 109.897 0.194
202103 1.425 111.754 1.680
202106 1.203 114.631 1.383
202109 1.060 115.734 1.207
202112 -0.854 117.630 -0.957
202203 0.380 121.301 0.413
202206 -0.008 125.017 -0.008
202209 0.379 125.227 0.399
202212 0.301 125.222 0.317
202303 0.609 127.348 0.630
202306 1.035 128.729 1.060
202309 0.487 129.860 0.494
202312 1.130 129.419 1.151
202403 -0.030 131.776 -0.030

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.


Papa John's International  (FRA:PP1) 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.


Papa John's International Cyclically Adjusted Price-to-FCF Related Terms

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


Papa John's International (FRA:PP1) Business Description

Traded in Other Exchanges
Address
2002 Papa John's Boulevard, Louisville, KY, USA, 40299-2367
Papa John's is one of the largest players in the global QSR pizza market, boasting more than 5,700 restaurants across nearly 50 countries at the end of 2022. The firm operates a predominantly franchised system, owning just shy of 10% of its restaurants and generating revenue from franchise royalties, sales of pizza, and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the third-largest limited-service pizza chain in the U.S. and fourth-largest globally, with a sizable presence in the U.K., China, South Korea, and Chile.

Papa John's International (FRA:PP1) Headlines

No Headlines