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AptarGroup (FRA:AGT) Cyclically Adjusted FCF per Share : €3.11 (As of Mar. 2024)


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What is AptarGroup 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.

AptarGroup's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.227. 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 €3.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AptarGroup's average Cyclically Adjusted FCF Growth Rate was 5.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.90% 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 AptarGroup was 76.50% per year. The lowest was 5.90% per year. And the median was 7.90% per year.

As of today (2024-05-16), AptarGroup's current stock price is €135.90. AptarGroup's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.11. AptarGroup's Cyclically Adjusted Price-to-FCF of today is 43.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AptarGroup was 54.52. The lowest was 30.41. And the median was 39.35.


AptarGroup Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AptarGroup'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.

AptarGroup Cyclically Adjusted FCF per Share Chart

AptarGroup Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.28 2.27 2.54 2.88 3.01

AptarGroup Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.86 2.84 3.06 3.01 3.11

Competitive Comparison of AptarGroup's Cyclically Adjusted FCF per Share

For the Medical Instruments & Supplies subindustry, AptarGroup'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.


AptarGroup's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, AptarGroup's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AptarGroup 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, AptarGroup'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)
=0.227/131.7762*131.7762
=0.227

Current CPI (Mar. 2024) = 131.7762.

AptarGroup Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.377 100.560 0.494
201409 0.607 100.428 0.796
201412 0.966 99.070 1.285
201503 0.185 99.621 0.245
201506 0.929 100.684 1.216
201509 0.626 100.392 0.822
201512 0.706 99.792 0.932
201603 -0.205 100.470 -0.269
201606 0.545 101.688 0.706
201609 1.140 101.861 1.475
201612 1.269 101.863 1.642
201703 0.048 102.862 0.061
201706 1.083 103.349 1.381
201709 0.804 104.136 1.017
201712 0.311 104.011 0.394
201803 0.137 105.290 0.171
201806 0.683 106.317 0.847
201809 0.017 106.507 0.021
201812 0.509 105.998 0.633
201903 0.348 107.251 0.428
201906 0.937 108.070 1.143
201909 1.268 108.329 1.542
201912 1.068 108.420 1.298
202003 0.266 108.902 0.322
202006 1.092 108.767 1.323
202009 1.310 109.815 1.572
202012 1.312 109.897 1.573
202103 0.103 111.754 0.121
202106 0.369 114.631 0.424
202109 0.052 115.734 0.059
202112 0.169 117.630 0.189
202203 0.257 121.301 0.279
202206 0.147 125.017 0.155
202209 0.692 125.227 0.728
202212 1.251 125.222 1.316
202303 0.278 127.348 0.288
202306 0.084 128.729 0.086
202309 1.326 129.860 1.346
202312 1.862 129.419 1.896
202403 0.227 131.776 0.227

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


AptarGroup  (FRA:AGT) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=135.90/3.11
=43.70

* 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 AptarGroup was 54.52. The lowest was 30.41. And the median was 39.35.


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.


AptarGroup Cyclically Adjusted FCF per Share Related Terms

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


AptarGroup (FRA:AGT) Business Description

Traded in Other Exchanges
Address
265 Exchange Drive, Suite 301, Crystal Lake, IL, USA, 60014
Headquartered in Crystal Lake, Illinois, AptarGroup is a leading global supplier of dispensing systems such as aerosol valves, pumps, and closures to the consumer goods and pharmaceutical markets. With the bulk of its annual net sales coming from Europe (50% of sales) and the United States (33%), Aptar aims to increase its presence in Asia (10%) and Latin America (7%). Aptar's pharmaceutical division generates roughly one third of group sales but over two thirds of group profits.

AptarGroup (FRA:AGT) Headlines