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Bega Cheese (ASX:BGA) Cyclically Adjusted Price-to-FCF : 33.54 (As of May. 02, 2024)


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What is Bega Cheese Cyclically Adjusted Price-to-FCF?

As of today (2024-05-02), Bega Cheese's current share price is A$4.36. Bega Cheese's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$0.13. Bega Cheese's Cyclically Adjusted Price-to-FCF for today is 33.54.

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

ASX:BGA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.38   Med: 25.39   Max: 56.7
Current: 32.53

During the past 12 years, Bega Cheese's highest Cyclically Adjusted Price-to-FCF was 56.70. The lowest was 19.38. And the median was 25.39.

ASX:BGA's Cyclically Adjusted Price-to-FCF is ranked worse than
64.37% of 710 companies
in the Consumer Packaged Goods industry
Industry Median: 23.735 vs ASX:BGA: 32.53

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.

Bega Cheese's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$-0.197. 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 A$0.13 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bega Cheese Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bega Cheese'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.

Bega Cheese Cyclically Adjusted Price-to-FCF Chart

Bega Cheese 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 - - 61.32 23.19 22.56

Bega Cheese Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 23.19 - 22.56 -

Competitive Comparison of Bega Cheese's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, Bega Cheese'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.


Bega Cheese's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



Bega Cheese 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.

Bega Cheese's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.36/0.13
=33.54

* 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.

Bega Cheese's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Bega Cheese'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)
=-0.197/124.1700*124.1700
=-0.197

Current CPI (Jun23) = 124.1700.

Bega Cheese Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.081 98.352 0.102
201506 -0.233 99.838 -0.290
201606 0.124 100.859 0.153
201706 0.115 102.809 0.139
201806 0.064 104.945 0.076
201906 0.180 106.617 0.210
202006 0.371 106.246 0.434
202106 0.298 110.332 0.335
202206 0.285 117.112 0.302
202306 -0.197 124.170 -0.197

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.


Bega Cheese  (ASX:BGA) 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.


Bega Cheese Cyclically Adjusted Price-to-FCF Related Terms

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


Bega Cheese (ASX:BGA) Business Description

Traded in Other Exchanges
Address
23 Ridge Street, Bega, NSW, AUS, 2550
Bega Group is an Australia-based dairy processor and food manufacturer of well-known brands including Bega Cheese and Vegemite. Bega operates two segments: the branded segment which produces consumer packaged goods primarily sold through the supermarket and foodservice channels and the bulk segment which produces commodity dairy ingredients primarily sold through the business-to-business channel.

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