GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The a2 Milk Co Ltd (OTCPK:ACOPF) » Definitions » Cyclically Adjusted Price-to-FCF

The a2 Milk Co (The a2 Milk Co) Cyclically Adjusted Price-to-FCF : 27.14 (As of May. 01, 2024)


View and export this data going back to 2013. Start your Free Trial

What is The a2 Milk Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), The a2 Milk Co's current share price is $3.80. The a2 Milk Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was $0.14. The a2 Milk Co's Cyclically Adjusted Price-to-FCF for today is 27.14.

The historical rank and industry rank for The a2 Milk Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ACOPF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.19   Med: 42.72   Max: 388.75
Current: 28.73

During the past 13 years, The a2 Milk Co's highest Cyclically Adjusted Price-to-FCF was 388.75. The lowest was 18.19. And the median was 42.72.

ACOPF's Cyclically Adjusted Price-to-FCF is ranked worse than
58.82% of 709 companies
in the Consumer Packaged Goods industry
Industry Median: 23.75 vs ACOPF: 28.73

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.

The a2 Milk Co's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was $0.084. 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 $0.14 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


The a2 Milk Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The a2 Milk Co'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.

The a2 Milk Co Cyclically Adjusted Price-to-FCF Chart

The a2 Milk Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 162.05 127.71 36.91 21.64 23.73

The a2 Milk Co Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 36.91 - 21.64 - 23.73

Competitive Comparison of The a2 Milk Co's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, The a2 Milk 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.


The a2 Milk Co's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where The a2 Milk Co's Cyclically Adjusted Price-to-FCF falls into.



The a2 Milk Co 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.

The a2 Milk Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.80/0.14
=27.14

* 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.

The a2 Milk Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, The a2 Milk Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.084/125.8458*125.8458
=0.084

Current CPI (Jun23) = 125.8458.

The a2 Milk Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.003 99.646 -0.004
201506 -0.013 100.063 -0.016
201606 0.019 100.480 0.024
201706 0.096 102.231 0.118
201806 0.211 103.764 0.256
201906 0.254 105.502 0.303
202006 0.366 107.035 0.430
202106 0.079 110.614 0.090
202206 0.170 118.690 0.180
202306 0.084 125.846 0.084

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.


The a2 Milk Co  (OTCPK:ACOPF) 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.


The a2 Milk Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of The a2 Milk Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


The a2 Milk Co (The a2 Milk Co) Business Description

Address
51 Shortland Street, P.O. Box 163, Level 10, Auckland, NTL, NZL, 1010
A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.

The a2 Milk Co (The a2 Milk Co) Headlines

From GuruFocus

Ruane Cunniff's Sequoia Fund 1st-Quarter Letter to Investors

By Sydnee Gatewood Sydnee Gatewood 04-14-2021

A2 Milk: Not All Milks Are Equal

By Steven Chen Steven Chen 04-19-2020