GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » BRF SA (NYSE:BRFS) » Definitions » Cyclically Adjusted Price-to-FCF

BRF (BRFS) Cyclically Adjusted Price-to-FCF : 9.86 (As of Apr. 28, 2024)


View and export this data going back to 1997. Start your Free Trial

What is BRF Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), BRF's current share price is $3.45. BRF's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.35. BRF's Cyclically Adjusted Price-to-FCF for today is 9.86.

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

BRFS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.07   Med: 27.46   Max: 1304.35
Current: 9.99

During the past years, BRF's highest Cyclically Adjusted Price-to-FCF was 1304.35. The lowest was 3.07. And the median was 27.46.

BRFS's Cyclically Adjusted Price-to-FCF is ranked better than
79.63% of 697 companies
in the Consumer Packaged Goods industry
Industry Median: 23.47 vs BRFS: 9.99

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.

BRF's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.136. 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 $0.35 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


BRF Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BRF'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.

BRF Cyclically Adjusted Price-to-FCF Chart

BRF 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 22.61 13.10 10.77 4.32 7.90

BRF Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.32 3.18 4.72 5.68 7.90

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

For the Packaged Foods subindustry, BRF'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.


BRF's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, BRF's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



BRF 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.45/0.35
=9.86

* 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.

BRF's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, BRF's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.136/156.2729*156.2729
=0.136

Current CPI (Dec. 2023) = 156.2729.

BRF Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.300 90.447 0.518
201406 0.421 91.838 0.716
201409 0.223 92.602 0.376
201412 0.532 94.194 0.883
201503 0.419 97.799 0.670
201506 0.121 100.006 0.189
201509 0.331 101.392 0.510
201512 -0.070 104.247 -0.105
201603 -0.244 106.979 -0.356
201606 -0.217 108.851 -0.312
201609 0.164 109.986 0.233
201612 0.296 110.802 0.417
201703 -0.590 111.869 -0.824
201706 0.072 112.115 0.100
201709 -0.083 112.777 -0.115
201712 0.286 114.068 0.392
201803 -0.083 114.868 -0.113
201806 -0.062 117.038 -0.083
201809 -0.148 117.881 -0.196
201812 -0.060 118.340 -0.079
201903 -0.084 120.124 -0.109
201906 0.081 120.977 0.105
201909 0.363 121.292 0.468
201912 0.428 123.436 0.542
202003 0.591 124.092 0.744
202006 0.062 123.557 0.078
202009 0.444 125.095 0.555
202012 -0.240 129.012 -0.291
202103 0.304 131.660 0.361
202106 -0.362 133.871 -0.423
202109 0.213 137.913 0.241
202112 0.027 141.992 0.030
202203 -0.486 146.537 -0.518
202206 0.012 149.784 0.013
202209 0.095 147.800 0.100
202212 0.099 150.207 0.103
202303 -0.011 153.352 -0.011
202306 0.017 154.519 0.017
202309 0.048 155.464 0.048
202312 0.136 156.273 0.136

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.


BRF  (NYSE:BRFS) 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.


BRF Cyclically Adjusted Price-to-FCF Related Terms

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


BRF (BRFS) Business Description

Address
Avenida das Nacoes Unidas, 8501 – 1st Floor, Pinheiros, Sao Paulo, SP, BRA, 05425-070
BRF SA is an international producer of fresh and frozen protein foods. The firm's segments are In natura (poultry, pork, bovine, and other), Processed foods, and Other sales. The product portfolio includes marinated, frozen, whole and cut meat, specialty meats, portioned products, and frozen prepared entrees. The company also offers margarine, sweet specialties, sandwiches, mayonnaise, and animal feed. Its most well-known brands are Sadia, Chester, Perdix, Paty, Perdigao, and Qualy. Internationally, the portfolio's leading brand is Sadia, which is present in multiple categories in Middle Eastern countries. Geographically, sales are distributed evenly between Brazil and international markets.

BRF (BRFS) Headlines

From GuruFocus

BRF Filed its Annual Report on Form 20-F for 2017

By PRNewswire PRNewswire 05-02-2018

BRF SA Stock Is Believed To Be Possible Value Trap

By GF Value GF Value 04-15-2021