GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » PepsiCo Inc (NAS:PEP) » Definitions » Cyclically Adjusted Price-to-FCF

PepsiCo (PepsiCo) Cyclically Adjusted Price-to-FCF : 30.54 (As of Apr. 27, 2024)


View and export this data going back to 1919. Start your Free Trial

What is PepsiCo Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), PepsiCo's current share price is $175.58. PepsiCo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.75. PepsiCo's Cyclically Adjusted Price-to-FCF for today is 30.54.

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

PEP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.52   Med: 27.14   Max: 34.65
Current: 30.74

During the past years, PepsiCo's highest Cyclically Adjusted Price-to-FCF was 34.65. The lowest was 21.52. And the median was 27.14.

PEP's Cyclically Adjusted Price-to-FCF is ranked worse than
70.59% of 51 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 21.17 vs PEP: 30.74

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.

PepsiCo's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-1.199. 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 $5.75 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PepsiCo Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PepsiCo'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.

PepsiCo Cyclically Adjusted Price-to-FCF Chart

PepsiCo 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 28.31 29.82 32.18 31.84 29.00

PepsiCo 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 32.18 32.55 29.13 29.00 30.45

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

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


PepsiCo's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

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

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



PepsiCo 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=175.58/5.75
=30.54

* 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.

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

For example, PepsiCo'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)
=-1.199/129.4194*129.4194
=-1.199

Current CPI (Mar. 2024) = 129.4194.

PepsiCo Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.257 100.560 1.618
201409 2.231 100.428 2.875
201412 1.649 99.070 2.154
201503 0.000 99.621 0.000
201506 1.294 100.684 1.663
201509 2.281 100.392 2.941
201512 1.908 99.792 2.474
201603 -0.058 100.470 -0.075
201606 1.560 101.688 1.985
201609 2.114 101.861 2.686
201612 1.642 101.863 2.086
201703 -0.354 102.862 -0.445
201706 1.307 103.349 1.637
201709 2.253 104.136 2.800
201712 1.709 104.011 2.126
201803 -1.162 105.290 -1.428
201806 1.264 106.317 1.539
201809 2.115 106.507 2.570
201812 2.099 105.998 2.563
201903 -0.557 107.251 -0.672
201906 0.715 108.070 0.856
201909 2.052 108.329 2.451
201912 1.651 108.420 1.971
202003 -0.883 108.902 -1.049
202006 1.082 108.767 1.287
202009 2.716 109.815 3.201
202012 1.673 109.897 1.970
202103 -0.858 111.754 -0.994
202106 1.603 114.631 1.810
202109 2.392 115.734 2.675
202112 1.892 117.630 2.082
202203 -0.500 121.301 -0.533
202206 0.776 125.017 0.803
202209 2.428 125.227 2.509
202212 1.343 125.222 1.388
202303 -0.703 127.348 -0.714
202306 1.069 128.729 1.075
202309 3.317 129.860 3.306
202312 2.051 129.419 2.051
202403 -1.199 129.419 -1.199

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.


PepsiCo  (NAS:PEP) 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.


PepsiCo Cyclically Adjusted Price-to-FCF Related Terms

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


PepsiCo (PepsiCo) Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.
Executives
Hugh F Johnston officer: EVP, Operations PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Becky Schmitt officer: EVP & Chief HR Officer 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Jennifer Bailey director 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Susan M Diamond director 500 W MAIN ST., LOUISVILLE KY 40202
Robert C Pohlad director 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402
Ramkumar Krishnan officer: CEO Intl Beverages & CCO TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Marie T. Gallagher officer: SVP and Controller PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Paula Santilli officer: CEO, Latin America PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Ramon Laguarta officer: CEO, PepsiCo Europe PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Steven C Williams officer: CEO, PFNA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Kirk Tanner officer: President & COO, NAB PEPSICO, INC. 700 ANDERSON HILL ROAD, PURCHASE NY 10577
David Flavell officer: EVP, Gen Counsel & Corp Sec PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Eugene Willemsen officer: CEO, AMESA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Edith W Cooper director C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11249
Dave J Lewis director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577

PepsiCo (PepsiCo) Headlines

From GuruFocus

Q1 2020 PepsiCo Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2019 PepsiCo Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2019 PepsiCo Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2022 PepsiCo Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2020 PepsiCo Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024