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Brinker International (Brinker International) Cyclically Adjusted FCF per Share : $4.23 (As of Mar. 2024)


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What is Brinker International 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.

Brinker International's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.741. 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 $4.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Brinker International's average Cyclically Adjusted FCF Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 9.80% 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 Brinker International was 90.00% per year. The lowest was -44.20% per year. And the median was 14.85% per year.

As of today (2024-06-08), Brinker International's current stock price is $68.96. Brinker International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $4.23. Brinker International's Cyclically Adjusted Price-to-FCF of today is 16.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Brinker International was 32.61. The lowest was 2.79. And the median was 13.73.


Brinker International Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Brinker International'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.

Brinker International Cyclically Adjusted FCF per Share Chart

Brinker International Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.25 3.33 3.85 4.14 4.14

Brinker International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.14 4.14 4.15 4.15 4.23

Competitive Comparison of Brinker International's Cyclically Adjusted FCF per Share

For the Restaurants subindustry, Brinker International'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.


Brinker International's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

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

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



Brinker International 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, Brinker International'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)
=1.741/131.7762*131.7762
=1.741

Current CPI (Mar. 2024) = 131.7762.

Brinker International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.533 100.560 0.698
201409 0.464 100.428 0.609
201412 0.805 99.070 1.071
201503 1.323 99.621 1.750
201506 0.972 100.684 1.272
201509 0.362 100.392 0.475
201512 1.367 99.792 1.805
201603 2.081 100.470 2.729
201606 1.136 101.688 1.472
201609 0.731 101.861 0.946
201612 0.834 101.863 1.079
201703 1.680 102.862 2.152
201706 0.946 103.349 1.206
201709 0.571 104.136 0.723
201712 0.923 104.011 1.169
201803 2.111 105.290 2.642
201806 0.344 106.317 0.426
201809 0.448 106.507 0.554
201812 -1.054 105.998 -1.310
201903 1.184 107.251 1.455
201906 0.584 108.070 0.712
201909 1.735 108.329 2.111
201912 0.651 108.420 0.791
202003 1.717 108.902 2.078
202006 -0.368 108.767 -0.446
202009 1.514 109.815 1.817
202012 0.514 109.897 0.616
202103 2.426 111.754 2.861
202106 1.454 114.631 1.671
202109 0.062 115.734 0.071
202112 0.662 117.630 0.742
202203 1.537 121.301 1.670
202206 -0.016 125.017 -0.017
202209 -0.503 125.227 -0.529
202212 -0.116 125.222 -0.122
202303 2.029 127.348 2.100
202306 0.158 128.729 0.162
202309 0.269 129.860 0.273
202312 1.082 129.419 1.102
202403 1.741 131.776 1.741

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


Brinker International  (NYSE:EAT) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=68.96/4.23
=16.30

* 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 Brinker International was 32.61. The lowest was 2.79. And the median was 13.73.


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.


Brinker International Cyclically Adjusted FCF per Share Related Terms

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


Brinker International (Brinker International) Business Description

Traded in Other Exchanges
Address
3000 Olympus Boulevard, Dallas, TX, USA, 75019
Brinker International Inc operates casual dining restaurants under the brand's Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts. The company generates maximum revenue from Chili's segment.
Executives
Joseph G Taylor officer: VP, Corp. Affairs & Inv. Rel. 6820 LBJ FREEWAY, DALLAS TX 75240
Douglas N. Comings officer: SVP & COO, Chili's Grill & Bar 3000 OLYMPUS DR., DALLAS TX 75019
James M Butler officer: SVP Chief Supply Chain Officer 3000 OLYMPUS BLVD., DALLAS TX 75019
Wade Allen officer: SVP & Chief Digital Officer 6820 LBJ FREEWAY, DALLAS X1 75240
Steve Provost officer: Pres., Maggiano's Little Italy 4024 COLGATE, UNIVERSITY PARK TX 75225
Rick Badgley officer: SVP & Chief People Officer 6820 LBJ FREEWAY, DALLAS TX 75240
George S Felix officer: SVP, Chief Marketing Officer 3000 OLYMPUS BLVD., DALLAS TX 75019
Kevin Hochman director, officer: Pres. & CEO & Pres. of Chili's 3000 OLYMPUS BLVD., DALLAS TX 75019
Prashant Ranade director 507 PLYMOUTH AVENUE, NE, GRAND RAPIDS MI 49505
Wyman Roberts officer: SVP, Maggiano's President 3853 WATERCREST DRIVE, LONGWOOD FL 32779
Ramona Hood director 3000 OLYMPUS BLVD., DALLAS TX 75019
Daniel S Fuller officer: SVP, General Counsel & Sec. 120 HOLLYWOOD DR., COPPELL TX 75019
Harriet Edelman director
Charles A Lousignont officer: SVP Supply Chain Mgmt 6820 LBJ FREEWAY, DALLAS TX 75240
Joseph Michael Depinto director C/O OFFICEMAX INCORPORATED, NAPERVILLE IL 60563