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Boston Beer Co (Boston Beer Co) Cyclically Adjusted Price-to-FCF : 36.97 (As of Apr. 27, 2024)


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What is Boston Beer Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Boston Beer Co's current share price is $283.20. Boston Beer Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $7.66. Boston Beer Co's Cyclically Adjusted Price-to-FCF for today is 36.97.

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

SAM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 36.97   Med: 75.99   Max: 226.39
Current: 36.97

During the past years, Boston Beer Co's highest Cyclically Adjusted Price-to-FCF was 226.39. The lowest was 36.97. And the median was 75.99.

SAM's Cyclically Adjusted Price-to-FCF is ranked worse than
63.96% of 111 companies
in the Beverages - Alcoholic industry
Industry Median: 26.89 vs SAM: 36.97

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.

Boston Beer Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.430. 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 $7.66 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Beer Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Boston Beer 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.

Boston Beer Co Cyclically Adjusted Price-to-FCF Chart

Boston Beer 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 72.71 173.27 102.84 56.64 45.11

Boston Beer Co 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 56.64 55.17 45.45 51.27 45.11

Competitive Comparison of Boston Beer Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Boston Beer 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.


Boston Beer Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

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

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



Boston Beer 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.

Boston Beer Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=283.20/7.66
=36.97

* 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.

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

For example, Boston Beer Co'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)
=1.43/129.4194*129.4194
=1.430

Current CPI (Dec. 2023) = 129.4194.

Boston Beer Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -3.943 99.695 -5.119
201406 0.211 100.560 0.272
201409 1.801 100.428 2.321
201412 1.128 99.070 1.474
201503 0.179 99.621 0.233
201506 2.703 100.684 3.474
201509 3.509 100.392 4.524
201512 0.575 99.792 0.746
201603 -0.286 100.470 -0.368
201606 2.269 101.688 2.888
201609 3.630 101.861 4.612
201612 2.616 101.863 3.324
201703 -0.960 102.862 -1.208
201706 4.597 103.349 5.757
201709 3.365 104.136 4.182
201712 1.537 104.011 1.912
201803 -1.850 105.290 -2.274
201806 4.256 106.317 5.181
201809 3.506 106.507 4.260
201812 3.326 105.998 4.061
201903 -0.725 107.251 -0.875
201906 1.659 108.070 1.987
201909 5.347 108.329 6.388
201912 0.747 108.420 0.892
202003 -0.695 108.902 -0.826
202006 4.275 108.767 5.087
202009 5.241 109.815 6.177
202012 0.391 109.897 0.460
202103 -1.563 111.754 -1.810
202106 -2.652 114.631 -2.994
202109 -1.416 115.734 -1.583
202112 -1.751 117.630 -1.927
202203 -5.266 121.301 -5.618
202206 10.978 125.017 11.365
202209 6.800 125.227 7.028
202212 -3.665 125.222 -3.788
202303 -2.854 127.348 -2.900
202306 8.265 128.729 8.309
202309 9.588 129.860 9.556
202312 1.430 129.419 1.430

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.


Boston Beer Co  (NYSE:SAM) 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.


Boston Beer Co Cyclically Adjusted Price-to-FCF Related Terms

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


Boston Beer Co (Boston Beer Co) Business Description

Traded in Other Exchanges
Address
One Design Center Place, Suite 850, Boston, MA, USA, 02210
Boston Beer is a top player in high-end malt beverages and adjacent categories in the U.S., with strong positions in craft beer, flavored malt beverage, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands, including Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the U.S.
Executives
Carolyn L. O'boyle officer: Chief People Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Diego Reynoso officer: CFO and Treasurer 7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Calagione Samuel A. Iii officer: Founder & Brewer, Dogfish Head THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
John C Geist officer: VP of Sales ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Cynthia Swanson director 1529 OAK STREET, SARASOTA FL 34236
David A Burwick director 32 AUTUMN LANE, NEW CANAAN CT 06840
Philip A. Hodges officer: Chief Supply Chain Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Matthew Donal Murphy officer: CAO & Interim CFO THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Annette N Fritsch officer: VP of Product Design and R&D THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, SUITE 850, BOSTON 2J 02210
David L. Grinnell officer: Vice President of Brewing THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, STE. 850, BOSTON MA 02170
Quincy B Troupe officer: Senior VP, Supply Chain C/O THE BOSTON BEER COMPANY, 1 DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
C James Koch director, 10 percent owner, officer: Chairman C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Jean Michel Valette director 28 MAPLE AVE, KENTFIELD CT 06897
Cynthia A Fisher director 186 PARK STREET, NEWTON MA 02458
Tara L. Heath officer: Vice President, Legal THE BOSTON BEER COMPANY, INC., 1 DESIGN CENTER PL., STE. 850, BOSTON MA 02210