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Tripadvisor (Tripadvisor) Cyclically Adjusted FCF per Share : $1.77 (As of Dec. 2023)


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What is Tripadvisor 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.

Tripadvisor's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.219. 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 $1.77 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Tripadvisor's average Cyclically Adjusted FCF Growth Rate was -4.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.20% 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 Tripadvisor was 1.20% per year. The lowest was -4.00% per year. And the median was -1.40% per year.

As of today (2024-04-28), Tripadvisor's current stock price is $27.45. Tripadvisor's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.77. Tripadvisor's Cyclically Adjusted Price-to-FCF of today is 15.51.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tripadvisor was 35.08. The lowest was 7.58. And the median was 12.36.


Tripadvisor Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tripadvisor'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.

Tripadvisor Cyclically Adjusted FCF per Share Chart

Tripadvisor 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 2.09 1.71 1.69 1.85 1.77

Tripadvisor 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 1.85 1.94 1.95 1.85 1.77

Competitive Comparison of Tripadvisor's Cyclically Adjusted FCF per Share

For the Travel Services subindustry, Tripadvisor'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.


Tripadvisor's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

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

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



Tripadvisor 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, Tripadvisor'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)
=-0.219/129.4194*129.4194
=-0.219

Current CPI (Dec. 2023) = 129.4194.

Tripadvisor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.610 99.695 0.792
201406 0.932 100.560 1.199
201409 0.315 100.428 0.406
201412 0.377 99.070 0.492
201503 0.466 99.621 0.605
201506 1.212 100.684 1.558
201509 0.007 100.392 0.009
201512 0.432 99.792 0.560
201603 0.728 100.470 0.938
201606 1.497 101.688 1.905
201609 -0.735 101.861 -0.934
201612 0.204 101.863 0.259
201703 0.800 102.862 1.007
201706 1.447 103.349 1.812
201709 -1.079 104.136 -1.341
201712 0.029 104.011 0.036
201803 1.136 105.290 1.396
201806 1.214 106.317 1.478
201809 0.000 106.507 0.000
201812 0.107 105.998 0.131
201903 1.170 107.251 1.412
201906 1.135 108.070 1.359
201909 -0.150 108.329 -0.179
201912 0.262 108.420 0.313
202003 -0.662 108.902 -0.787
202006 -0.701 108.767 -0.834
202009 -0.313 109.815 -0.369
202012 -0.170 109.897 -0.200
202103 -0.213 111.754 -0.247
202106 0.803 114.631 0.907
202109 -0.542 115.734 -0.606
202112 0.372 117.630 0.409
202203 0.518 121.301 0.553
202206 1.931 125.017 1.999
202209 0.315 125.227 0.326
202212 -0.362 125.222 -0.374
202303 0.841 127.348 0.855
202306 0.620 128.729 0.623
202309 -0.014 129.860 -0.014
202312 -0.219 129.419 -0.219

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


Tripadvisor  (NAS:TRIP) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=27.45/1.77
=15.51

* 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 Tripadvisor was 35.08. The lowest was 7.58. And the median was 12.36.


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.


Tripadvisor Cyclically Adjusted FCF per Share Related Terms

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


Tripadvisor (Tripadvisor) Business Description

Address
400 1st Avenue, Needham, MA, USA, 02494
Tripadvisor is the world's leading travel metasearch company. Its platform offers 1 billion reviews and information on about 8 million accommodations, restaurants, experiences, airlines, and cruises. In 2022, 65% of revenue came from the company's core segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 33% of sales in 2022, and TheFork, its dining brand, represented 8% of revenue (about 6% of sales were intersegment, which are eliminated from consolidated revenue).
Executives
Seth J Kalvert officer: SVP, GC, Sec. C/O TRIPADVISOR, INC., 141 NEEDHAM STREET, NEWTON MA 02464
Michael Noonan officer: CFO & SVP C/O TRIPADVISOR, INC., 400 1ST AVENUE, NEEDHAM MA 02494
Geoffrey Gouvalaris other: Chief Accounting Officer 400 1ST AVENUE, NEEDHAM MA 02494
Ernst 02494 Teunissen officer: Chief Financial Officer C/O TRIPADVISOR, INC., 400 1ST AVENUE, NEEDHAM HEIGHTS MA 02494
Matt Goldberg director, officer: CEO and President 2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Jay C Hoag director 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Gregory B Maffei director 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Kanika Soni officer: Chief Commercial Officer C/O TRIPADVISOR INC., 400 1ST AVENUE, NEEDHAM MA 02494
Liberty Tripadvisor Holdings, Inc. 10 percent owner 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Jie Sun director BUILDING 16#, NO. 968 JIN ZHONG ROAD, SHANGHAI F4 200335
Lindsay Nelson officer: Chief Experience&Brand Officer C/O TRIPADVISOR INC., 400 FIRST AVENUE, NEEDHAM MA 02494
Pemrose Corp director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Certares Ltrip Llc director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Certares Holdings (blockable) Llc director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017
Certares Holdings Llc director 350 MADISON AVENUE 8TH FLOOR, NEW YORK NY 10017