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Altria Group (XSGO:MO) Cyclically Adjusted FCF per Share : $4.45 (As of Mar. 2025)


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What is Altria Group 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.

Altria Group's adjusted free cash flow per share for the three months ended in Mar. 2025 was $1.587. 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 $4.45 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Altria Group's average Cyclically Adjusted FCF Growth Rate was 6.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.60% 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 Altria Group was 13.40% per year. The lowest was -11.60% per year. And the median was 7.80% per year.

As of today (2025-05-20), Altria Group's current stock price is $58.04. Altria Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $4.45. Altria Group's Cyclically Adjusted Price-to-FCF of today is 13.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Altria Group was 33.08. The lowest was 9.45. And the median was 15.57.


Altria Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Altria Group'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.

Altria Group Cyclically Adjusted FCF per Share Chart

Altria Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.70 3.70 3.89 4.61 4.79

Altria Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.37 4.29 4.75 4.79 4.45

Competitive Comparison of Altria Group's Cyclically Adjusted FCF per Share

For the Tobacco subindustry, Altria Group'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.


Altria Group's Cyclically Adjusted Price-to-FCF Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Altria Group 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, Altria Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.587/134.9266*134.9266
=1.587

Current CPI (Mar. 2025) = 134.9266.

Altria Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.664 100.684 -0.890
201509 1.420 100.392 1.908
201512 0.861 99.792 1.164
201603 1.376 100.470 1.848
201606 -0.860 101.688 -1.141
201609 1.225 101.861 1.623
201612 0.121 101.863 0.160
201703 1.363 102.862 1.788
201706 -0.409 103.349 -0.534
201709 1.117 104.136 1.447
201712 0.373 104.011 0.484
201803 1.461 105.290 1.872
201806 0.530 106.317 0.673
201809 1.411 106.507 1.788
201812 0.915 105.998 1.165
201903 1.201 107.251 1.511
201906 0.033 108.070 0.041
201909 1.499 108.329 1.867
201912 1.330 108.420 1.655
202003 1.656 108.902 2.052
202006 0.948 108.767 1.176
202009 0.453 109.815 0.557
202012 1.330 109.897 1.633
202103 1.623 111.754 1.960
202106 -0.210 114.631 -0.247
202109 1.636 115.734 1.907
202112 1.416 117.630 1.624
202203 1.667 121.301 1.854
202206 -0.305 125.017 -0.329
202209 1.674 125.227 1.804
202212 1.429 125.222 1.540
202303 1.640 127.348 1.738
202306 0.043 128.729 0.045
202309 1.642 129.860 1.706
202312 1.795 129.419 1.871
202403 1.617 131.776 1.656
202406 -0.061 132.554 -0.062
202409 1.515 133.029 1.537
202412 1.944 133.157 1.970
202503 1.587 134.927 1.587

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


Altria Group  (XSGO:MO) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=58.04/4.45
=13.04

* 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 Altria Group was 33.08. The lowest was 9.45. And the median was 15.57.


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.


Altria Group Cyclically Adjusted FCF per Share Related Terms

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


Altria Group Business Description

Address
6601 West Broad Street, Richmond, VA, USA, 23230
Altria comprises Philip Morris USA, US Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the US with 42% annual share in 2024. Beyond its core business, it holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev and a 41% stake in cannabis manufacturer Cronos. It also acquired vaping company Njoy Holdings in 2023 and operates a joint venture with Japan Tobacco in the heated tobacco category.