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Ambev (FRA:AMNA) Cyclically Adjusted Price-to-FCF : 10.00 (As of May. 20, 2024)


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What is Ambev Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Ambev's current share price is €2.20. Ambev's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.22. Ambev's Cyclically Adjusted Price-to-FCF for today is 10.00.

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

FRA:AMNA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.21   Med: 20.32   Max: 35.02
Current: 10.59

During the past years, Ambev's highest Cyclically Adjusted Price-to-FCF was 35.02. The lowest was 10.21. And the median was 20.32.

FRA:AMNA's Cyclically Adjusted Price-to-FCF is ranked better than
82.73% of 110 companies
in the Beverages - Alcoholic industry
Industry Median: 29.655 vs FRA:AMNA: 10.59

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.

Ambev's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.003. 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 €0.22 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ambev Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ambev'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.

Ambev Cyclically Adjusted Price-to-FCF Chart

Ambev 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 19.23 15.40 13.97 12.82 11.81

Ambev Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 12.59 13.49 11.37 11.81 10.69

Competitive Comparison of Ambev's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Ambev'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.


Ambev's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

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

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



Ambev 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.20/0.22
=10.00

* 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.

Ambev's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ambev'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)
=-0.003/159.3724*159.3724
=-0.003

Current CPI (Mar. 2024) = 159.3724.

Ambev Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.031 91.838 0.054
201409 0.036 92.602 0.062
201412 0.142 94.194 0.240
201503 0.047 97.799 0.077
201506 0.049 100.006 0.078
201509 0.062 101.392 0.097
201512 0.132 104.247 0.202
201603 -0.045 106.979 -0.067
201606 0.015 108.851 0.022
201609 0.062 109.986 0.090
201612 0.116 110.802 0.167
201703 0.027 111.869 0.038
201706 0.029 112.115 0.041
201709 0.065 112.777 0.092
201712 0.126 114.068 0.176
201803 0.007 114.868 0.010
201806 0.035 117.038 0.048
201809 0.059 117.881 0.080
201812 0.106 118.340 0.143
201903 0.022 120.124 0.029
201906 0.032 120.977 0.042
201909 0.027 121.292 0.035
201912 0.105 123.436 0.136
202003 0.002 124.092 0.003
202006 0.011 123.557 0.014
202009 0.059 125.095 0.075
202012 0.070 129.012 0.086
202103 0.014 131.660 0.017
202106 0.002 133.871 0.002
202109 0.048 137.913 0.055
202112 0.087 141.992 0.098
202203 -0.004 146.537 -0.004
202206 0.005 149.784 0.005
202209 0.052 147.800 0.056
202212 0.111 150.207 0.118
202303 -0.020 153.352 -0.021
202306 0.025 154.519 0.026
202309 0.080 155.464 0.082
202312 0.138 157.148 0.140
202403 -0.003 159.372 -0.003

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.


Ambev  (FRA:AMNA) 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.


Ambev Cyclically Adjusted Price-to-FCF Related Terms

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


Ambev (FRA:AMNA) Business Description

Traded in Other Exchanges
Address
Rua Doutor Renato Paes de Barros, 1017, 3rd Floor, Sao Paulo, SP, BRA, 04530-001
Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now AB InBev) a controlling interest of 61.8% as at the end of 2022.

Ambev (FRA:AMNA) Headlines

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