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Snap-on (Snap-on) Cyclically Adjusted FCF per Share : $13.96 (As of Mar. 2024)


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What is Snap-on 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.

Snap-on's adjusted free cash flow per share for the three months ended in Mar. 2024 was $6.091. 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 $13.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Snap-on's average Cyclically Adjusted FCF Growth Rate was 12.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 17.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.90% 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 Snap-on was 28.60% per year. The lowest was -25.00% per year. And the median was 13.70% per year.

As of today (2024-04-27), Snap-on's current stock price is $270.70. Snap-on's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $13.96. Snap-on's Cyclically Adjusted Price-to-FCF of today is 19.39.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Snap-on was 43.89. The lowest was 13.23. And the median was 26.98.


Snap-on Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Snap-on'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.

Snap-on Cyclically Adjusted FCF per Share Chart

Snap-on Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.84 8.48 10.61 11.85 13.50

Snap-on Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 12.43 12.81 13.26 13.50 13.96

Competitive Comparison of Snap-on's Cyclically Adjusted FCF per Share

For the Tools & Accessories subindustry, Snap-on'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.


Snap-on's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Snap-on 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, Snap-on'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)
=6.091/129.4194*129.4194
=6.091

Current CPI (Mar. 2024) = 129.4194.

Snap-on Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.724 100.560 2.219
201409 1.114 100.428 1.436
201412 1.433 99.070 1.872
201503 1.015 99.621 1.319
201506 2.244 100.684 2.884
201509 1.611 100.392 2.077
201512 2.352 99.792 3.050
201603 2.052 100.470 2.643
201606 2.382 101.688 3.032
201609 1.609 101.861 2.044
201612 2.404 101.863 3.054
201703 2.931 102.862 3.688
201706 1.886 103.349 2.362
201709 1.245 104.136 1.547
201712 2.925 104.011 3.640
201803 3.701 105.290 4.549
201806 2.902 106.317 3.533
201809 1.742 106.507 2.117
201812 3.409 105.998 4.162
201903 3.217 107.251 3.882
201906 2.098 108.070 2.512
201909 1.824 108.329 2.179
201912 3.149 108.420 3.759
202003 3.567 108.902 4.239
202006 4.412 108.767 5.250
202009 3.903 109.815 4.600
202012 5.341 109.897 6.290
202103 5.445 111.754 6.306
202106 3.976 114.631 4.489
202109 3.100 115.734 3.467
202112 3.773 117.630 4.151
202203 3.198 121.301 3.412
202206 2.203 125.017 2.281
202209 2.031 125.227 2.099
202212 3.467 125.222 3.583
202303 5.153 127.348 5.237
202306 4.527 128.729 4.551
202309 4.829 129.860 4.813
202312 5.146 129.419 5.146
202403 6.091 129.419 6.091

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


Snap-on  (NYSE:SNA) 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.

Snap-on's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=270.70/13.96
=19.39

* 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 Snap-on was 43.89. The lowest was 13.23. And the median was 26.98.


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.


Snap-on Cyclically Adjusted FCF per Share Related Terms

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


Snap-on (Snap-on) Business Description

Industry
Address
2801 80th Street, Kenosha, WI, USA, 53143
Snap-on manufactures premium tools and software for repair professionals. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments: repair systems and information, commercial and industrial, and tools. Its finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.
Executives
Thomas J Ward officer: Sr VP & President - Tools 2801 80TH STREET, KENOSHA WI 53141
Aldo John Pagliari officer: SVP-Finance & CFO 2801 80TH STREET, KENOSHA WI 53143
Nicholas T Pinchuk director, officer: President and CEO 280180TH STREET, KENOSHA WI 53143
June C Lemerand officer: VP & Chief Information Officer 2801 80TH STREET, KENOSHA WI 53143
Timothy L Chambers officer: Sr VP & Pres - Tools 2801 80TH STREET, KENOSHA WI 53143
Iain Boyd officer: V.P. - Human Resources 2801 80TH STREET, KENOSHA WI 53143
Richard Thomas Miller officer: VP, Gen Counsel & Secretary 2801 80TH STREET, KENOSHA WI 53143
Jesus Arregui officer: Sr VP & President - Commercial 2801 80TH STREET, KENOSHA WI 53143
Anup R Banerjee officer: Sr VP & Chief Devel. Officer 2801 80TH STREET, KENOSHA WI 53143
Karen L Daniel director 2801 80TH STREET, KENOSHA WI 53141
William Dudley Lehman director
Marty V. Ozolins officer: Vice President & Controller 2801 80TH STREET, KENOSHA WI 53143
Richard K Strege officer: Vice President & Controller 2801 80TH STREET, KENOSHA WI 53143
Irwin M Shur officer: VP, Gen Counsel & Secretary SNAP-ON INCORPORATED, 2801 80TH STREET, KENOSHA WI 53143
Thomas L. Kassouf officer: SVP & Pres - Commercial Div 2801 80TH STREET, KENOSHA WI 53143

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