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Coca-Cola Co (UKEX:KO) Cyclically Adjusted FCF per Share : ₴82.38 (As of Mar. 2024)


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What is Coca-Cola Co 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.

Coca-Cola Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₴1.460. 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 ₴82.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Coca-Cola Co's average Cyclically Adjusted FCF Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.20% 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 Coca-Cola Co was 11.70% per year. The lowest was 2.40% per year. And the median was 7.80% per year.

As of today (2024-05-23), Coca-Cola Co's current stock price is ₴2260.00. Coca-Cola Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₴82.38. Coca-Cola Co's Cyclically Adjusted Price-to-FCF of today is 27.43.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Coca-Cola Co was 34.36. The lowest was 21.89. And the median was 27.82.


Coca-Cola Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Coca-Cola Co'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.

Coca-Cola Co Cyclically Adjusted FCF per Share Chart

Coca-Cola Co 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 - - - 86.97 84.37

Coca-Cola Co 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 90.43 94.87 102.51 84.37 82.38

Competitive Comparison of Coca-Cola Co's Cyclically Adjusted FCF per Share

For the Beverages - Non-Alcoholic subindustry, Coca-Cola 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.


Coca-Cola Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

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

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



Coca-Cola Co 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, Coca-Cola Co'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)
=1.46/131.7762*131.7762
=1.460

Current CPI (Mar. 2024) = 131.7762.

Coca-Cola Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 25.320 100.560 33.180
201409 26.252 100.428 34.447
201412 16.635 99.070 22.127
201503 9.558 99.621 12.643
201506 26.699 100.684 34.944
201509 24.664 100.392 32.375
201512 11.420 99.792 15.080
201603 0.620 100.470 0.813
201606 24.341 101.688 31.543
201609 22.217 101.861 28.742
201612 12.575 101.863 16.268
201703 2.968 102.862 3.802
201706 20.200 103.349 25.756
201709 19.956 104.136 25.253
201712 5.768 104.011 7.308
201803 3.572 105.290 4.471
201806 15.011 106.317 18.606
201809 24.601 106.507 30.438
201812 13.335 105.998 16.578
201903 3.711 107.251 4.560
201906 30.938 108.070 37.725
201909 26.173 108.329 31.838
201912 17.114 108.420 20.801
202003 2.115 108.902 2.559
202006 18.706 108.767 22.663
202009 29.686 109.815 35.623
202012 29.585 109.897 35.475
202103 13.101 111.754 15.448
202106 33.658 114.631 38.692
202109 31.524 115.734 35.894
202112 25.306 117.630 28.349
202203 3.722 121.301 4.043
202206 33.524 125.017 35.337
202209 29.717 125.227 31.271
202212 20.618 125.222 21.697
202303 -1.067 127.348 -1.104
202306 38.006 128.729 38.906
202309 36.035 129.860 36.567
202312 16.782 129.419 17.088
202403 1.460 131.776 1.460

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


Coca-Cola Co  (UKEX:KO) 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.

Coca-Cola Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2260.00/82.38
=27.43

* 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 Coca-Cola Co was 34.36. The lowest was 21.89. And the median was 27.82.


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.


Coca-Cola Co Cyclically Adjusted FCF per Share Related Terms

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


Coca-Cola Co (UKEX:KO) Business Description

Address
One Coca-Cola Plaza, Atlanta, GA, USA, 30313
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenues overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

Coca-Cola Co (UKEX:KO) Headlines

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