GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Co (BSP:COCA34) » Definitions » Cyclically Adjusted Price-to-FCF

Coca-Cola Co (BSP:COCA34) Cyclically Adjusted Price-to-FCF : 28.74 (As of May. 28, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Coca-Cola Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Coca-Cola Co's current share price is R$53.16. Coca-Cola Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$1.85. Coca-Cola Co's Cyclically Adjusted Price-to-FCF for today is 28.74.

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

BSP:COCA34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.89   Med: 27.82   Max: 34.36
Current: 27.86

During the past years, Coca-Cola Co's highest Cyclically Adjusted Price-to-FCF was 34.36. The lowest was 21.89. And the median was 27.82.

BSP:COCA34's Cyclically Adjusted Price-to-FCF is ranked worse than
66.67% of 51 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 22.11 vs BSP:COCA34: 27.86

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.

Coca-Cola Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.030. 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 R$1.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Coca-Cola Co'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.

Coca-Cola Co Cyclically Adjusted Price-to-FCF Chart

Coca-Cola Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.56 30.60 29.48 29.77 26.78

Coca-Cola Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 28.57 27.30 25.20 26.78 27.49

Competitive Comparison of Coca-Cola Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co'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.


Coca-Cola Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Coca-Cola Co 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.

Coca-Cola Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=53.16/1.85
=28.74

* 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.

Coca-Cola Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Coca-Cola Co'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)
=0.03/131.7762*131.7762
=0.030

Current CPI (Mar. 2024) = 131.7762.

Coca-Cola Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.236 100.560 0.309
201409 0.256 100.428 0.336
201412 0.183 99.070 0.243
201503 0.125 99.621 0.165
201506 0.347 100.684 0.454
201509 0.402 100.392 0.528
201512 0.185 99.792 0.244
201603 0.010 100.470 0.013
201606 0.348 101.688 0.451
201609 0.302 101.861 0.391
201612 0.176 101.863 0.228
201703 0.039 102.862 0.050
201706 0.278 103.349 0.354
201709 0.261 104.136 0.330
201712 0.079 104.011 0.100
201803 0.049 105.290 0.061
201806 0.236 106.317 0.293
201809 0.422 106.507 0.522
201812 0.216 105.998 0.269
201903 0.059 107.251 0.072
201906 0.498 108.070 0.607
201909 0.450 108.329 0.547
201912 0.293 108.420 0.356
202003 0.043 108.902 0.052
202006 0.405 108.767 0.491
202009 0.669 109.815 0.803
202012 0.635 109.897 0.761
202103 0.308 111.754 0.363
202106 0.706 114.631 0.812
202109 0.694 115.734 0.790
202112 0.597 117.630 0.669
202203 0.077 121.301 0.084
202206 0.706 125.017 0.744
202209 0.650 125.227 0.684
202212 0.451 125.222 0.475
202303 -0.023 127.348 -0.024
202306 0.770 128.729 0.788
202309 0.742 129.860 0.753
202312 0.343 129.419 0.349
202403 0.030 131.776 0.030

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.


Coca-Cola Co  (BSP:COCA34) 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.


Coca-Cola Co Cyclically Adjusted Price-to-FCF Related Terms

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


Coca-Cola Co (BSP:COCA34) Business Description

Address
One Coca-Cola Plaza, Atlanta, GA, USA, 30313
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenues overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

Coca-Cola Co (BSP:COCA34) Headlines

No Headlines