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Snap-on (Snap-on) Cyclically Adjusted Price-to-FCF : 19.39 (As of Apr. 27, 2024)


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What is Snap-on Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Snap-on's current share 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 for today is 19.39.

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

SNA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.23   Med: 26.98   Max: 43.89
Current: 19.36

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

SNA's Cyclically Adjusted Price-to-FCF is ranked better than
71.75% of 1016 companies
in the Industrial Products industry
Industry Median: 32.505 vs SNA: 19.36

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 adjusted free cash flow per share data 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 10 will get our Cyclically Adjusted FCF per Share, which is $13.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Snap-on Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Snap-on'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.

Snap-on Cyclically Adjusted Price-to-FCF Chart

Snap-on 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 24.77 20.18 20.30 19.29 21.39

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 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 19.86 22.50 19.24 21.39 21.22

Competitive Comparison of Snap-on's Cyclically Adjusted Price-to-FCF

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 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.

Snap-on's Cyclically Adjusted Price-to-FCF for 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.

Snap-on's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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.

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.


Snap-on  (NYSE:SNA) 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.


Snap-on Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Snap-on's Cyclically Adjusted Price-to-FCF 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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