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Tesco (TSCDY) Cyclically Adjusted Price-to-FCF : 23.21 (As of Apr. 27, 2024)


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What is Tesco Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Tesco's current share price is $10.91. Tesco's Cyclically Adjusted FCF per Share for the fiscal year that ended in Feb24 was $0.47. Tesco's Cyclically Adjusted Price-to-FCF for today is 23.21.

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

TSCDY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.45   Med: 57.68   Max: 464.3
Current: 24.73

During the past 13 years, Tesco's highest Cyclically Adjusted Price-to-FCF was 464.30. The lowest was 23.45. And the median was 57.68.

TSCDY's Cyclically Adjusted Price-to-FCF is ranked worse than
73.6% of 125 companies
in the Retail - Defensive industry
Industry Median: 15.64 vs TSCDY: 24.73

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.

Tesco's adjusted free cash flow per share data of for the fiscal year that ended in Feb24 was $1.295. 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 $0.47 for the trailing ten years ended in Feb24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tesco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tesco'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.

Tesco Cyclically Adjusted Price-to-FCF Chart

Tesco Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63.01 90.37 62.71 29.46 23.79

Tesco Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 62.71 - 29.46 - 23.79

Competitive Comparison of Tesco's Cyclically Adjusted Price-to-FCF

For the Grocery Stores subindustry, Tesco'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.


Tesco's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Tesco's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tesco 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.91/0.47
=23.21

* 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.

Tesco's Cyclically Adjusted FCF per Share for the fiscal year that ended in Feb24 is calculated as:

For example, Tesco's adjusted Free Cash Flow per Share data for the fiscal year that ended in Feb24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb24 (Change)*Current CPI (Feb24)
=1.295/130.0000*130.0000
=1.295

Current CPI (Feb24) = 130.0000.

Tesco Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201502 -1.318 99.500 -1.722
201602 0.725 100.100 0.942
201702 0.358 102.400 0.454
201802 0.757 104.900 0.938
201902 0.639 106.800 0.778
202002 -0.582 108.600 -0.697
202102 -0.334 109.400 -0.397
202202 1.352 115.400 1.523
202302 1.197 126.000 1.235
202402 1.295 130.000 1.295

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.


Tesco  (OTCPK:TSCDY) 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.


Tesco Cyclically Adjusted Price-to-FCF Related Terms

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


Tesco (TSCDY) Business Description

Address
Kestrel Way, Tesco House, Shire Park, Welwyn Garden, GBR, AL7 1GA
Tesco is one of the largest food retailers in the world, operating thousands of stores in the United Kingdom, Ireland, and Europe. According to Kantar, Tesco is the market leader in the U.K. with a share of more than 27%, roughly double that of Asda or Sainsbury's. Tesco operates a core supermarket business in addition to convenience and neighborhood outlets. With a 35% digital market share in the U.K., the company holds a dominant position online. Tesco gained exposure to the cash-and-carry and out-of-home delivering industries with the landmark GBP 4 billion acquisition of Booker in 2018.

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