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Cheesecake Factory (Cheesecake Factory) Cyclically Adjusted Price-to-FCF : 13.19 (As of Apr. 27, 2024)


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What is Cheesecake Factory Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Cheesecake Factory's current share price is $35.355. Cheesecake Factory's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.68. Cheesecake Factory's Cyclically Adjusted Price-to-FCF for today is 13.19.

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

CAKE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.74   Med: 19.69   Max: 46.21
Current: 13.19

During the past years, Cheesecake Factory's highest Cyclically Adjusted Price-to-FCF was 46.21. The lowest was 5.74. And the median was 19.69.

CAKE's Cyclically Adjusted Price-to-FCF is ranked better than
59.32% of 118 companies
in the Restaurants industry
Industry Median: 15.395 vs CAKE: 13.19

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.

Cheesecake Factory's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.311. 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 $2.68 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cheesecake Factory Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cheesecake Factory'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.

Cheesecake Factory Cyclically Adjusted Price-to-FCF Chart

Cheesecake Factory 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 14.08 15.17 14.65 11.79 13.06

Cheesecake Factory Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 11.79 12.89 12.70 11.24 13.06

Competitive Comparison of Cheesecake Factory's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, Cheesecake Factory'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.


Cheesecake Factory's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

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

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



Cheesecake Factory 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.

Cheesecake Factory's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.355/2.68
=13.19

* 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.

Cheesecake Factory's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Cheesecake Factory'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)
=0.311/129.4194*129.4194
=0.311

Current CPI (Dec. 2023) = 129.4194.

Cheesecake Factory Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.883 99.695 1.146
201406 0.331 100.560 0.426
201409 0.157 100.428 0.202
201412 1.019 99.070 1.331
201503 0.795 99.621 1.033
201506 0.396 100.684 0.509
201509 -0.184 100.392 -0.237
201512 0.809 99.792 1.049
201603 1.185 100.470 1.526
201606 1.170 101.688 1.489
201609 0.729 101.861 0.926
201612 0.940 101.863 1.194
201703 0.581 102.862 0.731
201706 0.837 103.349 1.048
201709 0.216 104.136 0.268
201712 0.778 104.011 0.968
201803 0.944 105.290 1.160
201806 0.948 106.317 1.154
201809 0.275 106.507 0.334
201812 1.854 105.998 2.264
201903 0.446 107.251 0.538
201906 0.762 108.070 0.913
201909 0.338 108.329 0.404
201912 1.666 108.420 1.989
202003 -1.117 108.902 -1.327
202006 -0.375 108.767 -0.446
202009 -0.137 109.815 -0.161
202012 0.532 109.897 0.627
202103 0.315 111.754 0.365
202106 1.823 114.631 2.058
202109 -0.581 115.734 -0.650
202112 1.489 117.630 1.638
202203 0.084 121.301 0.090
202206 0.718 125.017 0.743
202209 -0.413 125.227 -0.427
202212 0.574 125.222 0.593
202303 0.540 127.348 0.549
202306 0.236 128.729 0.237
202309 0.237 129.860 0.236
202312 0.311 129.419 0.311

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.


Cheesecake Factory  (NAS:CAKE) 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.


Cheesecake Factory Cyclically Adjusted Price-to-FCF Related Terms

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


Cheesecake Factory (Cheesecake Factory) Business Description

Traded in Other Exchanges
Address
26901 Malibu Hills Road, Calabasas Hills, CA, USA, 91301
Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Majority of the company's revenue comes from The Cheesecake Factory restaurants segment.
Executives
Ashley W Hanscom officer: PRINCIPAL ACCOUNTING OFFICER 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Adam S. Gordon director 26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Edie A Ames director C/O MORTONS RESTATURANT GROUP, INC., 325 LASALLE STREET, SUITE 500, CHICAGO IL 60610
David Bruce Pittaway director 150 E 58TH ST, STE 3700, NEW YORK NY 10155
Khanh Collins director 22825 QUEENSBRIDGE DRIVE, ASHBURN VA 20148
Matthew Eliot Clark officer: VP, Strategic Planning 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
David M Gordon officer: President C/O THE CHEESECAKE FACTORY INCORPORATED, 26901 MALIBU HILLS DRIVE, CALABASAS HILLS CA 91301
Cheryl Slomann officer: Principal Accounting Officer 6450 VIA REAL, CURPINTERIA CA 93013
David Overton director, officer: Chairman and C.E.O.
Keith Carango officer: President (Subsidiary) 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Paul D. Ginsberg director C/O ROARK CAPITAL, 1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Rc Cake Holdings Llc 10 percent owner 1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Janice L. Meyer director 26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Laurence B Mindel director IL FORNAIO AMERICA CORP, 770 TAMAPAIS DR STE 400, CORTE MADERA CA 94925
Alexander L Cappello director C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301