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Titan Machinery (Titan Machinery) Cyclically Adjusted FCF per Share : $3.84 (As of Apr. 2024)


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What is Titan Machinery 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.

Titan Machinery's adjusted free cash flow per share for the three months ended in Apr. 2024 was $-2.044. 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 $3.84 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Titan Machinery's average Cyclically Adjusted FCF Growth Rate was 26.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 394.20% 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 Titan Machinery was 394.20% per year. The lowest was 17.10% per year. And the median was 22.90% per year.

As of today (2024-06-10), Titan Machinery's current stock price is $17.35. Titan Machinery's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was $3.84. Titan Machinery's Cyclically Adjusted Price-to-FCF of today is 4.52.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Titan Machinery was 941.67. The lowest was 4.53. And the median was 11.00.


Titan Machinery Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Titan Machinery'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.

Titan Machinery Cyclically Adjusted FCF per Share Chart

Titan Machinery Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.20 0.03 2.10 3.28 3.62

Titan Machinery Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 3.04 3.09 3.62 3.62 3.84

Competitive Comparison of Titan Machinery's Cyclically Adjusted FCF per Share

For the Industrial Distribution subindustry, Titan Machinery'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.


Titan Machinery's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Titan Machinery's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Titan Machinery 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, Titan Machinery's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=-2.044/131.7762*131.7762
=-2.044

Current CPI (Apr. 2024) = 131.7762.

Titan Machinery Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 -1.327 100.520 -1.740
201410 -0.361 100.176 -0.475
201501 5.671 98.604 7.579
201504 0.571 99.824 0.754
201507 7.983 100.691 10.448
201510 0.535 100.346 0.703
201601 1.451 99.957 1.913
201604 -1.249 100.947 -1.630
201607 3.868 101.524 5.021
201610 0.407 101.988 0.526
201701 2.988 102.456 3.843
201704 1.438 103.167 1.837
201707 0.856 103.278 1.092
201710 -0.788 104.070 -0.998
201801 1.735 104.578 2.186
201804 -1.373 105.708 -1.712
201807 0.458 106.324 0.568
201810 1.028 106.695 1.270
201901 1.467 106.200 1.820
201904 -0.121 107.818 -0.148
201907 -0.729 108.250 -0.887
201910 -0.457 108.577 -0.555
202001 0.211 108.841 0.255
202004 -0.493 108.173 -0.601
202007 0.607 109.318 0.732
202010 1.899 109.861 2.278
202101 4.891 110.364 5.840
202104 0.804 112.673 0.940
202107 -0.409 115.183 -0.468
202110 1.523 116.696 1.720
202201 3.533 118.619 3.925
202204 0.009 121.978 0.010
202207 -1.593 125.002 -1.679
202210 0.129 125.734 0.135
202301 0.275 126.223 0.287
202304 -3.948 127.992 -4.065
202307 -2.762 128.974 -2.822
202310 1.188 129.810 1.206
202401 1.303 130.124 1.320
202404 -2.044 131.776 -2.044

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


Titan Machinery  (NAS:TITN) 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.

Titan Machinery's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=17.35/3.84
=4.52

* 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 Titan Machinery was 941.67. The lowest was 4.53. And the median was 11.00.


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.


Titan Machinery Cyclically Adjusted FCF per Share Related Terms

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


Titan Machinery (Titan Machinery) Business Description

Traded in Other Exchanges
Address
644 East Beaton Drive, West Fargo, ND, USA, 58078-2648
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.
Executives
Stan K. Erickson director 10380 28TH AVENUE NORTH, MINNEAPOLIS MN 55441
Robert Larsen officer: Chief Financial Officer 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Frank Anglin director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Tony Christianson director
David Joseph Meyer director, officer: Chairman and CEO 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bryan J Knutson officer: Chief Operating Officer C/O TITAN MACHINERY INC., 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Mark P. Kalvoda officer: Chief Financial Officer 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bradley Crews director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Christine E Hamilton director 225 S MAIN AVE, P O BOX 5000, SIOUX FALLS SD 57117
John W Henderson director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Jody L Horner director C/O TITAN MACHINERY, 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Richard L Mack director 9590 SKY LANE, EDEN PRAIRIE MN 55347
Theodore M Crosbie director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Peter J. Christianson director, officer: President and CFO 644 EAST BEATON DRIVE, WEST FARGO ND 58078
James Irwin director 10543 EAST MARK LANE, SCOTTSDALE AZ 85262