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RBC Bearings (RBC Bearings) Cyclically Adjusted FCF per Share : $5.00 (As of Dec. 2023)


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What is RBC Bearings 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.

RBC Bearings's adjusted free cash flow per share for the three months ended in Dec. 2023 was $2.428. 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 $5.00 for the trailing ten years ended in Dec. 2023.

During the past 12 months, RBC Bearings's average Cyclically Adjusted FCF Growth Rate was 19.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.20% 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 RBC Bearings was 18.70% per year. The lowest was 10.10% per year. And the median was 15.60% per year.

As of today (2024-04-27), RBC Bearings's current stock price is $245.03. RBC Bearings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.00. RBC Bearings's Cyclically Adjusted Price-to-FCF of today is 49.01.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of RBC Bearings was 76.52. The lowest was 33.82. And the median was 56.40.


RBC Bearings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for RBC Bearings'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.

RBC Bearings Cyclically Adjusted FCF per Share Chart

RBC Bearings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.30 2.64 3.06 3.75 4.42

RBC Bearings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.18 4.42 4.59 4.81 5.00

Competitive Comparison of RBC Bearings's Cyclically Adjusted FCF per Share

For the Tools & Accessories subindustry, RBC Bearings'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.


RBC Bearings's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, RBC Bearings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



RBC Bearings 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, RBC Bearings's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.428/129.4194*129.4194
=2.428

Current CPI (Dec. 2023) = 129.4194.

RBC Bearings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.245 99.695 0.318
201406 1.003 100.560 1.291
201409 0.420 100.428 0.541
201412 0.567 99.070 0.741
201503 0.186 99.621 0.242
201506 0.719 100.684 0.924
201509 0.576 100.392 0.743
201512 0.711 99.792 0.922
201603 0.652 100.470 0.840
201606 0.594 101.688 0.756
201609 0.626 101.861 0.795
201612 1.313 101.863 1.668
201703 0.842 102.862 1.059
201706 1.412 103.349 1.768
201709 0.705 104.136 0.876
201712 0.845 104.011 1.051
201803 1.240 105.290 1.524
201806 1.094 106.317 1.332
201809 0.537 106.507 0.653
201812 0.391 105.998 0.477
201903 0.702 107.251 0.847
201906 1.133 108.070 1.357
201909 0.655 108.329 0.783
201912 1.570 108.420 1.874
202003 1.365 108.902 1.622
202006 1.784 108.767 2.123
202009 0.961 109.815 1.133
202012 1.329 109.897 1.565
202103 1.514 111.754 1.753
202106 1.966 114.631 2.220
202109 1.438 115.734 1.608
202112 0.876 117.630 0.964
202203 1.340 121.301 1.430
202206 1.765 125.017 1.827
202209 0.488 125.227 0.504
202212 1.868 125.222 1.931
202303 2.022 127.348 2.055
202306 1.889 128.729 1.899
202309 1.565 129.860 1.560
202312 2.428 129.419 2.428

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


RBC Bearings  (NYSE:RBC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=245.03/5
=49.01

* 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 RBC Bearings was 76.52. The lowest was 33.82. And the median was 56.40.


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.


RBC Bearings Cyclically Adjusted FCF per Share Related Terms

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


RBC Bearings (RBC Bearings) Business Description

Industry
Traded in Other Exchanges
Address
102 Willenbrock Road, One Tribology Center, Oxford, CT, USA, 06478
RBC Bearings Inc is a manufacturer and marketer of precision bearings and products used in aircraft and mechanical systems. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The products reduce wear in moving parts, facilitate proper power transmission, reduce damage and energy loss, and control pressure and flow. The primary customers for RBC Bearings are industrial markets and aerospace markets such as construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, commercial, private and military aircraft engines, and guided weaponry. The end market is the United States of America.
Executives
Michael H. Ambrose director ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Michael J Hartnett officer: President and CEO RBC BEARINGS, INC., 102 WILLENBROCK ROAD, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Richard R Crowell director AURORA CAPITAL PARTNERS LP, 10877 WILSHIRE BOULEVARD SUITE 2100, LOS ANGELES CA 90024
Dolores J Ennico director RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Robert M Sullivan officer: Corporate Controller 103 STILLWOLD DRIVE, WETHERSFIELD CT 06109
John J. Feeney officer: Vice President and Secretary ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Steven H. Kaplan director 11 LINDEN SHORES, BRANFORD CT 06405
Patrick S. Bannon officer: V.P. and General Manager 131 WOODS WAY DRIVE, SOUTHBURY CT 06488
Richard J Edwards officer: V.P. and General Manager RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Edward Stewart director 5715 EAST CHENEY DRIVE, PARADISE VALLEY AZ 85253
Daniel A Bergeron officer: VP and CFO
Alan B Levine director
Ernest D Hawkins officer: Vice President of Finance 102 WILLENBROCK ROAD, OXFORD CT 06478
Amir Faghri director RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Joseph Salamunovich officer: General Counsel and Secretary RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478