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World Acceptance (World Acceptance) Cyclically Adjusted Price-to-FCF : 3.88 (As of Apr. 27, 2024)


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What is World Acceptance Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), World Acceptance's current share price is $140.46. World Acceptance's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $36.20. World Acceptance's Cyclically Adjusted Price-to-FCF for today is 3.88.

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

WRLD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.88   Med: 4.61   Max: 9.97
Current: 3.88

During the past years, World Acceptance's highest Cyclically Adjusted Price-to-FCF was 9.97. The lowest was 1.88. And the median was 4.61.

WRLD's Cyclically Adjusted Price-to-FCF is ranked better than
70.59% of 102 companies
in the Credit Services industry
Industry Median: 10.035 vs WRLD: 3.88

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.

World Acceptance's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $9.840. 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 $36.20 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


World Acceptance Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for World Acceptance'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.

World Acceptance Cyclically Adjusted Price-to-FCF Chart

World Acceptance Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.61 2.35 5.05 6.30 2.41

World Acceptance 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 1.97 2.41 3.79 3.52 3.61

Competitive Comparison of World Acceptance's Cyclically Adjusted Price-to-FCF

For the Credit Services subindustry, World Acceptance'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.


World Acceptance's Cyclically Adjusted Price-to-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, World Acceptance's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



World Acceptance 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=140.46/36.2
=3.88

* 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.

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

For example, World Acceptance'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)
=9.84/129.4194*129.4194
=9.840

Current CPI (Dec. 2023) = 129.4194.

World Acceptance Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 6.584 99.695 8.547
201406 6.585 100.560 8.475
201409 5.209 100.428 6.713
201412 5.801 99.070 7.578
201503 7.371 99.621 9.576
201506 4.825 100.684 6.202
201509 4.510 100.392 5.814
201512 6.261 99.792 8.120
201603 7.104 100.470 9.151
201606 6.195 101.688 7.884
201609 5.136 101.861 6.526
201612 5.870 101.863 7.458
201703 6.545 102.862 8.235
201706 5.387 103.349 6.746
201709 4.571 104.136 5.681
201712 5.446 104.011 6.776
201803 7.628 105.290 9.376
201806 5.748 106.317 6.997
201809 3.736 106.507 4.540
201812 6.501 105.998 7.937
201903 8.497 107.251 10.253
201906 5.257 108.070 6.296
201909 6.326 108.329 7.558
201912 7.027 108.420 8.388
202003 14.478 108.902 17.206
202006 6.997 108.767 8.326
202009 3.768 109.815 4.441
202012 6.764 109.897 7.966
202103 15.074 111.754 17.457
202106 7.445 114.631 8.405
202109 8.662 115.734 9.686
202112 9.261 117.630 10.189
202203 16.728 121.301 17.848
202206 9.898 125.017 10.247
202209 13.395 125.227 13.843
202212 11.581 125.222 11.969
202303 13.255 127.348 13.471
202306 9.857 128.729 9.910
202309 10.409 129.860 10.374
202312 9.840 129.419 9.840

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.


World Acceptance  (NAS:WRLD) 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.


World Acceptance Cyclically Adjusted Price-to-FCF Related Terms

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


World Acceptance (World Acceptance) Business Description

Traded in Other Exchanges
N/A
Address
104 South Main Street, Greenville, SC, USA, 29601
World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.
Executives
Calmes John L Jr officer: VP, CFO and Treasurer C/O WORLD ACCEPTANCE CORPORATION, 108 FREDERICK STREET, GREENVILLE SC 29607
Jason E. Childers officer: SVP, IT Strategic Solutions 108 FREDERICK STREET, GREENVILLE SC 29607
Scott Mcintyre officer: SVP, Accounting 108 FREDERICK STREET, GREENVILLE SC 29607
Clifford Sosin 10 percent owner 8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880
Thomas W Smith 10 percent owner, other: Member of Section 13(d) Group 2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Luke J. Umstetter officer: SVP, General Counsel 104 SOUTH MAIN STREET, SUITE 400, GREENVILLE SC 29601
Darrell E Whitaker director 14 BATSON ORCHARD CT., TAYLORS SC 29687
R Chad Prashad officer: See remarks 108 FREDERICK STREET, GREENVILLE SC 29607
Alice Lindsay Caulder officer: SVP, Human Resources 108 FREDERICK STREET, GREENVILLE SC 29607
Daniel Clinton Dyer officer: SVP, CENTRAL DIVISION 230 4TH AVENUE NORTH SUITE 500, NASHVILLE TN 37219
Charles D Way director
Elizabeth R. Neuhoff director 146 SOTA DRIVE, JUPITER FL 33458
Robinson Benjamin E Iii director 325 CORPORATE DRIVE, PORTSMOUTH NH 03885
Bramlett Ken R Jr director 2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217
Alison N Labruyere officer: SVP and General Counsel 108 FREDERICK STREET, GREENVILLE SC 29607