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CAG (Conagra Brands) Cyclically Adjusted FCF per Share : $2.73 (As of Feb. 2025)


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What is Conagra Brands Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Conagra Brands's adjusted free cash flow per share for the three months ended in Feb. 2025 was $1.050. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.73 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Conagra Brands's average Cyclically Adjusted FCF Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 7.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Conagra Brands was 23.40% per year. The lowest was -17.80% per year. And the median was 7.40% per year.

As of today (2025-05-11), Conagra Brands's current stock price is $23.09. Conagra Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2025 was $2.73. Conagra Brands's Cyclically Adjusted Price-to-FCF of today is 8.46.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Conagra Brands was 23.87. The lowest was 8.46. And the median was 14.29.


Conagra Brands Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Conagra Brands's Cyclically Adjusted FCF per Share 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.

Conagra Brands Cyclically Adjusted FCF per Share Chart

Conagra Brands Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.38 2.45 2.61 2.54 2.63

Conagra Brands Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Cyclically Adjusted FCF per Share 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 2.70 2.63 2.62 2.67 2.73

Competitive Comparison of Conagra Brands's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Conagra Brands'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.


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

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

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


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Conagra Brands Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Conagra Brands's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=1.05/134.6241*134.6241
=1.050

Current CPI (Feb. 2025) = 134.6241.

Conagra Brands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201505 1.775 100.333 2.382
201508 -0.043 100.548 -0.058
201511 0.595 100.135 0.800
201602 0.741 100.040 0.997
201605 0.939 101.355 1.247
201608 0.605 101.617 0.802
201611 0.354 101.829 0.468
201702 0.605 102.779 0.792
201705 0.566 103.256 0.738
201708 0.223 103.587 0.290
201711 0.497 104.072 0.643
201802 0.917 105.052 1.175
201805 0.091 106.148 0.115
201808 0.022 106.383 0.028
201811 0.284 106.338 0.360
201902 0.803 106.649 1.014
201905 0.522 108.048 0.650
201908 0.206 108.245 0.256
201911 0.294 108.519 0.365
202002 0.813 109.139 1.003
202005 1.701 108.175 2.117
202008 0.284 109.662 0.349
202011 0.245 109.793 0.300
202102 0.849 110.968 1.030
202105 0.596 113.576 0.706
202108 -0.031 115.421 -0.036
202111 0.041 117.269 0.047
202202 0.796 119.703 0.895
202205 0.673 123.323 0.735
202208 0.288 124.958 0.310
202211 -0.060 125.607 -0.064
202302 0.681 126.928 0.722
202305 0.411 128.314 0.431
202308 0.625 129.538 0.650
202311 0.710 129.548 0.738
202402 1.211 130.930 1.245
202405 0.845 132.509 0.858
202408 0.282 132.816 0.286
202411 0.841 133.110 0.851
202502 1.050 134.624 1.050

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Conagra Brands  (NYSE:CAG) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Conagra Brands's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.09/2.73
=8.46

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Conagra Brands was 23.87. The lowest was 8.46. And the median was 14.29.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Conagra Brands Cyclically Adjusted FCF per Share Related Terms

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


Conagra Brands Business Description

Traded in Other Exchanges
Address
222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654
Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of fiscal 2024 revenue). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the US retail channel, with just 9% of fiscal 2024 revenue coming from international markets and 10% from foodservice.
Executives
Thomas M Mcgough officer: EVP and Co-COO C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS 1-330, OMAHA NE 68102
Charisse Brock officer: EVP, Chief HR Officer C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
Richard H Lenny director ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Francisco Fraga director 222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
William Eric Johnson officer: SVP, Corporate Controller 222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Robert G Wise officer: SVP, Corporate Controller C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, OMAHA NE 68102
Carey Bartell officer: EVP, GC and Corp. Secretary C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Denise Paulonis director 8000 BENT BRANCH DRIVE, IRVING TX 75063
Emanuel Chirico director 7 NEW YORK PLACE, BRONSVILLE NY 10708
Batcheler Colleen officer: SVP and General Counsel ONE CONAGRA DRIVE, OMAHA NE 68102
Darren Serrao officer: EVP and Co-COO C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
George Dowdie director C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE 1300, CHICAGO IL 60654
Fran Horowitz-bonadies director 6301 FITCH PATH, NEW ALBANY OH 43054
Alexandre Eboli officer: EVP,Chief Supply Chain Officer C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Jana Partners Llc director, other: See Remarks 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153