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FMC (FRA:FMQ) Cyclically Adjusted Price-to-FCF : 29.57 (As of May. 23, 2024)


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What is FMC Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), FMC's current share price is €58.84. FMC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.99. FMC's Cyclically Adjusted Price-to-FCF for today is 29.57.

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

FRA:FMQ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.41   Med: 54.89   Max: 86.71
Current: 29.4

During the past years, FMC's highest Cyclically Adjusted Price-to-FCF was 86.71. The lowest was 24.41. And the median was 54.89.

FRA:FMQ's Cyclically Adjusted Price-to-FCF is ranked worse than
64.89% of 94 companies
in the Agriculture industry
Industry Median: 17.015 vs FRA:FMQ: 29.40

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.

FMC's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-1.360. 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 €1.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FMC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FMC'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.

FMC Cyclically Adjusted Price-to-FCF Chart

FMC 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 66.14 63.83 47.84 47.87 29.80

FMC 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 60.83 55.52 35.57 29.80 29.43

Competitive Comparison of FMC's Cyclically Adjusted Price-to-FCF

For the Agricultural Inputs subindustry, FMC'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.


FMC's Cyclically Adjusted Price-to-FCF Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, FMC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



FMC 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=58.84/1.99
=29.57

* 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.

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

For example, FMC'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)
=-1.36/131.7762*131.7762
=-1.360

Current CPI (Mar. 2024) = 131.7762.

FMC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.949 100.560 1.244
201409 0.261 100.428 0.342
201412 0.804 99.070 1.069
201503 -2.311 99.621 -3.057
201506 0.638 100.684 0.835
201509 -1.062 100.392 -1.394
201512 -0.093 99.792 -0.123
201603 0.435 100.470 0.571
201606 0.785 101.688 1.017
201609 0.854 101.861 1.105
201612 0.660 101.863 0.854
201703 -0.302 102.862 -0.387
201706 1.856 103.349 2.367
201709 0.265 104.136 0.335
201712 0.094 104.011 0.119
201803 -0.555 105.290 -0.695
201806 1.610 106.317 1.996
201809 1.288 106.507 1.594
201812 -0.539 105.998 -0.670
201903 -1.968 107.251 -2.418
201906 0.236 108.070 0.288
201909 1.613 108.329 1.962
201912 2.899 108.420 3.524
202003 -2.385 108.902 -2.886
202006 1.543 108.767 1.869
202009 2.135 109.815 2.562
202012 2.321 109.897 2.783
202103 -2.114 111.754 -2.493
202106 1.337 114.631 1.537
202109 1.889 115.734 2.151
202112 3.834 117.630 4.295
202203 -4.718 121.301 -5.125
202206 1.132 125.017 1.193
202209 2.887 125.227 3.038
202212 4.373 125.222 4.602
202303 -6.744 127.348 -6.979
202306 0.649 128.729 0.664
202309 0.258 129.860 0.262
202312 1.963 129.419 1.999
202403 -1.360 131.776 -1.360

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.


FMC  (FRA:FMQ) 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.


FMC Cyclically Adjusted Price-to-FCF Related Terms

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


FMC (FRA:FMQ) Business Description

Industry
Traded in Other Exchanges
Address
2929 Walnut Street, Philadelphia, PA, USA, 19104
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.

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