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ACCO Brands (ACCO Brands) Cyclically Adjusted Price-to-FCF : 3.09 (As of Apr. 30, 2024)


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What is ACCO Brands Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), ACCO Brands's current share price is $4.8536. ACCO Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.57. ACCO Brands's Cyclically Adjusted Price-to-FCF for today is 3.09.

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

ACCO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.78   Med: 7.81   Max: 18.8
Current: 3.14

During the past years, ACCO Brands's highest Cyclically Adjusted Price-to-FCF was 18.80. The lowest was 2.78. And the median was 7.81.

ACCO's Cyclically Adjusted Price-to-FCF is ranked better than
98.33% of 1020 companies
in the Industrial Products industry
Industry Median: 32.835 vs ACCO: 3.14

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.

ACCO Brands's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.564. 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 $1.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ACCO Brands Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ACCO Brands'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.

ACCO Brands Cyclically Adjusted Price-to-FCF Chart

ACCO Brands 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 8.28 7.21 6.36 3.55 3.88

ACCO Brands 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 3.55 3.58 3.39 3.62 3.88

Competitive Comparison of ACCO Brands's Cyclically Adjusted Price-to-FCF

For the Business Equipment & Supplies subindustry, ACCO 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.


ACCO Brands's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ACCO Brands's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ACCO Brands 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.

ACCO Brands's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.8536/1.57
=3.09

* 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.

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

For example, ACCO Brands'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)
=0.564/129.4194*129.4194
=0.564

Current CPI (Dec. 2023) = 129.4194.

ACCO Brands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.362 99.695 0.470
201406 -0.418 100.560 -0.538
201409 0.461 100.428 0.594
201412 0.831 99.070 1.086
201503 0.368 99.621 0.478
201506 -0.433 100.684 -0.557
201509 0.502 100.392 0.647
201512 0.883 99.792 1.145
201603 0.449 100.470 0.578
201606 -0.494 101.688 -0.629
201609 0.960 101.861 1.220
201612 0.443 101.863 0.563
201703 0.536 102.862 0.674
201706 -0.584 103.349 -0.731
201709 0.925 104.136 1.150
201712 0.706 104.011 0.878
201803 0.476 105.290 0.585
201806 -0.703 106.317 -0.856
201809 0.773 106.507 0.939
201812 0.981 105.998 1.198
201903 -0.670 107.251 -0.808
201906 -0.606 108.070 -0.726
201909 1.856 108.329 2.217
201912 1.199 108.420 1.431
202003 -0.329 108.902 -0.391
202006 -0.465 108.767 -0.553
202009 0.904 109.815 1.065
202012 0.980 109.897 1.154
202103 -0.486 111.754 -0.563
202106 -0.187 114.631 -0.211
202109 0.971 115.734 1.086
202112 1.112 117.630 1.223
202203 -1.119 121.301 -1.194
202206 0.028 125.017 0.029
202209 0.884 125.227 0.914
202212 0.874 125.222 0.903
202303 -0.266 127.348 -0.270
202306 -0.210 128.729 -0.211
202309 1.100 129.860 1.096
202312 0.564 129.419 0.564

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.


ACCO Brands  (NYSE:ACCO) 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.


ACCO Brands Cyclically Adjusted Price-to-FCF Related Terms

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


ACCO Brands (ACCO Brands) Business Description

Traded in Other Exchanges
Address
Four Corporate Drive, Lake Zurich, IL, USA, 60047
ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO, Rapid, Rexel, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs.
Executives
Paul P Daniel officer: SVP and CIO C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Joseph B Burton director 345 ENCINAL STREET, SANTA CRUZ CA 95060
Deborah A Oconnor officer: EVP and CFO C/O ACCO BRANDS CORP, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gregory J. Mccormack officer: Sr. Vice Pres, Global Products FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Roxanne M Bernstein officer: EVP & Pres, ACCO Brands N.A. C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Boris Elisman director, officer: Chairman, President & CEO C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gina Boswell director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Angela Y Jones officer: SVP, Global Chief People Offic 9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210
Thomas W Tedford officer: Exec VP & Pres US Office & Con C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Neal V Fenwick officer: Executive VP and CFO FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Pamela R Schneider officer: Sr VP, General Counsel & Sec C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Patrick Buchenroth officer: ExecVP, Pres ACCO Brands Intl C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ralph Paul Hargrow officer: Sr VP & Chief People Officer C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ronald M. Lombardi director 660 WHITE PLAINS RD., TARRYTOWN NY 10591
James Dudek officer: SVP, Corp Controller and CAO C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147