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Constellation Brands (FRA:CB1A) Cyclically Adjusted Price-to-FCF : 35.88 (As of May. 01, 2024)


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

As of today (2024-05-01), Constellation Brands's current share price is €243.60. Constellation Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €6.79. Constellation Brands's Cyclically Adjusted Price-to-FCF for today is 35.88.

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

FRA:CB1A' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.57   Med: 43.88   Max: 80.21
Current: 35.3

During the past years, Constellation Brands's highest Cyclically Adjusted Price-to-FCF was 80.21. The lowest was 27.57. And the median was 43.88.

FRA:CB1A's Cyclically Adjusted Price-to-FCF is ranked worse than
58.93% of 112 companies
in the Beverages - Alcoholic industry
Industry Median: 27.04 vs FRA:CB1A: 35.30

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.

Constellation Brands's adjusted free cash flow per share data for the three months ended in Feb. 2024 was €0.384. 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 €6.79 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Constellation Brands Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Constellation 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.

Constellation Brands Cyclically Adjusted Price-to-FCF Chart

Constellation Brands Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.80 41.91 36.21 32.69 33.59

Constellation 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 32.69 34.02 35.90 32.48 33.59

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

For the Beverages - Wineries & Distilleries subindustry, Constellation 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.


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

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

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



Constellation 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=243.60/6.79
=35.88

* 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.

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

For example, Constellation 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)
=0.384/129.4194*129.4194
=0.384

Current CPI (Feb. 2024) = 129.4194.

Constellation Brands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.367 100.373 0.473
201408 0.969 100.352 1.250
201411 -0.602 99.635 -0.782
201502 0.665 99.032 0.869
201505 0.335 100.333 0.432
201508 1.911 100.548 2.460
201511 0.317 100.135 0.410
201602 -0.244 100.040 -0.316
201605 0.760 101.355 0.970
201608 2.168 101.617 2.761
201611 0.667 101.829 0.848
201702 -0.167 102.779 -0.210
201705 0.741 103.256 0.929
201708 1.823 103.587 2.278
201711 0.699 104.072 0.869
201802 0.451 105.052 0.556
201805 1.442 106.148 1.758
201808 2.794 106.383 3.399
201811 1.742 106.338 2.120
201902 0.029 106.649 0.035
201905 2.043 108.048 2.447
201908 2.941 108.245 3.516
201911 2.201 108.519 2.625
202002 1.372 109.139 1.627
202005 2.578 108.175 3.084
202008 2.705 109.662 3.192
202011 3.155 109.793 3.719
202102 0.132 110.968 0.154
202105 2.556 113.576 2.913
202108 2.518 115.421 2.823
202111 2.765 117.269 3.051
202202 -0.774 119.703 -0.837
202205 2.500 123.323 2.624
202208 3.510 124.958 3.635
202211 1.776 125.607 1.830
202302 0.563 126.928 0.574
202305 1.943 128.314 1.960
202308 3.242 129.538 3.239
202311 1.981 129.548 1.979
202402 0.384 129.419 0.384

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.


Constellation Brands  (FRA:CB1A) 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.


Constellation Brands Cyclically Adjusted Price-to-FCF Related Terms

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Constellation Brands (FRA:CB1A) Business Description

Traded in Other Exchanges
Address
207 High Point Drive, Building 100, Victor, New York, NY, USA, 14564
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the U.S., generating 80% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the U.S., the firm has small revenue exposure to international markets. Constellation owns a 36% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Constellation Brands (FRA:CB1A) Headlines

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