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Conagra Brands (FRA:CAO) Cyclically Adjusted Price-to-FCF : 11.21 (As of May. 25, 2024)


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

As of today (2024-05-25), Conagra Brands's current share price is €27.80. Conagra Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €2.48. Conagra Brands's Cyclically Adjusted Price-to-FCF for today is 11.21.

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

FRA:CAO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.1   Med: 15.84   Max: 23.87
Current: 11.22

During the past years, Conagra Brands's highest Cyclically Adjusted Price-to-FCF was 23.87. The lowest was 9.10. And the median was 15.84.

FRA:CAO's Cyclically Adjusted Price-to-FCF is ranked better than
77.24% of 703 companies
in the Consumer Packaged Goods industry
Industry Median: 23.56 vs FRA:CAO: 11.22

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.

Conagra Brands's adjusted free cash flow per share data for the three months ended in Feb. 2024 was €1.122. 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 €2.48 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Conagra Brands Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Conagra 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.

Conagra Brands Cyclically Adjusted Price-to-FCF Chart

Conagra Brands Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.47 14.64 15.54 12.60 13.71

Conagra Brands Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 13.88 13.71 11.35 10.77 10.41

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

For the Packaged Foods subindustry, Conagra 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.


Conagra Brands's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



Conagra 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=27.80/2.48
=11.21

* 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.

Conagra Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Conagra Brands's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.122/130.9299*130.9299
=1.122

Current CPI (Feb. 2024) = 130.9299.

Conagra Brands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 1.046 100.373 1.364
201408 0.251 100.352 0.327
201411 0.218 99.635 0.286
201502 0.489 99.032 0.647
201505 1.589 100.333 2.074
201508 -0.039 100.548 -0.051
201511 0.555 100.135 0.726
201602 0.668 100.040 0.874
201605 0.830 101.355 1.072
201608 0.540 101.617 0.696
201611 0.328 101.829 0.422
201702 0.568 102.779 0.724
201705 0.512 103.256 0.649
201708 0.189 103.587 0.239
201711 0.423 104.072 0.532
201802 0.743 105.052 0.926
201805 0.077 106.148 0.095
201808 0.019 106.383 0.023
201811 0.250 106.338 0.308
201902 0.708 106.649 0.869
201905 0.467 108.048 0.566
201908 0.185 108.245 0.224
201911 0.266 108.519 0.321
202002 0.746 109.139 0.895
202005 1.559 108.175 1.887
202008 0.240 109.662 0.287
202011 0.207 109.793 0.247
202102 0.702 110.968 0.828
202105 0.491 113.576 0.566
202108 -0.027 115.421 -0.031
202111 0.036 117.269 0.040
202202 0.701 119.703 0.767
202205 0.637 123.323 0.676
202208 0.284 124.958 0.298
202211 -0.059 125.607 -0.062
202302 0.636 126.928 0.656
202305 0.378 128.314 0.386
202308 0.573 129.538 0.579
202311 0.656 129.548 0.663
202402 1.122 130.930 1.122

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.


Conagra Brands  (FRA:CAO) 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.


Conagra Brands Cyclically Adjusted Price-to-FCF Related Terms

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


Conagra Brands (FRA:CAO) Business Description

Traded in Other Exchanges
Address
222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654
Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the U.S. retail channel, with just 8% of fiscal 2023 revenue coming from international markets and 9% from foodservice.

Conagra Brands (FRA:CAO) Headlines

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