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Vector Group (Vector Group) Cyclically Adjusted FCF per Share : $1.36 (As of Mar. 2024)


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What is Vector Group 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.

Vector Group's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.708. 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 $1.36 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vector Group's average Cyclically Adjusted FCF Growth Rate was 13.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 17.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 10.10% 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 Vector Group was 79.20% per year. The lowest was -12.90% per year. And the median was 15.60% per year.

As of today (2024-06-10), Vector Group's current stock price is $10.73. Vector Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.36. Vector Group's Cyclically Adjusted Price-to-FCF of today is 7.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vector Group was 27.08. The lowest was 7.15. And the median was 14.49.


Vector Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Vector Group'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.

Vector Group Cyclically Adjusted FCF per Share Chart

Vector Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.79 0.99 1.09 1.22

Vector Group 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 1.20 1.26 1.30 1.22 1.36

Competitive Comparison of Vector Group's Cyclically Adjusted FCF per Share

For the Tobacco subindustry, Vector Group'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.


Vector Group's Cyclically Adjusted Price-to-FCF Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Vector Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Vector Group 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, Vector Group'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)
=0.708/131.7762*131.7762
=0.708

Current CPI (Mar. 2024) = 131.7762.

Vector Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.688 100.560 0.902
201409 0.269 100.428 0.353
201412 0.034 99.070 0.045
201503 0.033 99.621 0.044
201506 0.514 100.684 0.673
201509 0.374 100.392 0.491
201512 0.008 99.792 0.011
201603 -0.062 100.470 -0.081
201606 0.557 101.688 0.722
201609 0.216 101.861 0.279
201612 -0.218 101.863 -0.282
201703 0.160 102.862 0.205
201706 0.587 103.349 0.748
201709 0.560 104.136 0.709
201712 -0.542 104.011 -0.687
201803 0.251 105.290 0.314
201806 0.526 106.317 0.652
201809 0.570 106.507 0.705
201812 -0.226 105.998 -0.281
201903 0.106 107.251 0.130
201906 0.518 108.070 0.632
201909 0.637 108.329 0.775
201912 -0.502 108.420 -0.610
202003 0.751 108.902 0.909
202006 1.489 108.767 1.804
202009 -0.166 109.815 -0.199
202012 -0.403 109.897 -0.483
202103 0.502 111.754 0.592
202106 0.930 114.631 1.069
202109 0.537 115.734 0.611
202112 -0.384 117.630 -0.430
202203 0.482 121.301 0.524
202206 0.881 125.017 0.929
202209 0.732 125.227 0.770
202212 -0.973 125.222 -1.024
202303 0.750 127.348 0.776
202306 0.624 128.729 0.639
202309 0.792 129.860 0.804
202312 -0.863 129.419 -0.879
202403 0.708 131.776 0.708

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


Vector Group  (NYSE:VGR) 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.

Vector Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.73/1.36
=7.89

* 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 Vector Group was 27.08. The lowest was 7.15. And the median was 14.49.


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.


Vector Group Cyclically Adjusted FCF per Share Related Terms

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


Vector Group (Vector Group) Business Description

Traded in Other Exchanges
Address
4400 Biscayne Boulevard, 10th Floor, Miami, FL, USA, 33137
Vector Group Ltd is a holding company whose subsidiaries--Liggett Group, Vector Tobacco, and New Valley-- primarily sell tobacco products and invest in real estate. The Liggett Group and Vector Tobacco subsidiaries sell cigarettes, primarily in the discount segment, in the United States under brand names Eagle 20's, Pyramid, Grand Prix, Liggett Select, and Eve. New Valley, through its majority ownership in Douglas Elliman Realty, invests in real estate worldwide. It also operates the largest residential brokerage company in the New York City area and has additional operations in South Florida, Beverly Hills, Aspen, and Connecticut. Tobacco accounts for more than half of total company revenue; real estate makes up the remainder.
Executives
Bennett S Lebow director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Kirkland J Bryant Iii officer: VP, Treasurer & CFO 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Richard Lampen officer: EVP 4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Ronald J Bernstein director, officer: President Subsidiary 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Paul V Carlucci director 4400 BISCAYNE BLVD, C/O VECTOR GROUP LTD., MIAMI FL 33137
Wilson White director C/O VECTOR GROUP LTD, 4400 BISCAYNE BLVD; 10TH FLOOR, MIAMI FL 33137
James D Ballard officer: See Remarks 4400 BISCAYNE BLVD., TENTH FLOOR, MIAMI FL 33137
Nicholas P Anson officer: President Subsidiary C/0 LIGGETT VECTOR BRANDS LLC, 3800 PARAMOUNT PARKWAY, MORRISVILLE NC 27560
Frost Phillip Md Et Al 10 percent owner 4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Howard M Lorber director, officer: President and CEO 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Barry Watkins director 4400 BISCAYNE BLVD, C/O VECTOR GROUP LTD., MIAMI FL 33137
Jeffrey Podell director 7338 FLORANADA WAY, DELRAY BEACH FL 33446
Henry C Beinstein director 8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Stanley Samuel Arkin director 750 LEXINGTON AVENUE, FLOOR 25, NEW YORK NY 10022
Jean E Sharpe director

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