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Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) Cyclically Adjusted Price-to-FCF : (As of May. 20, 2024)


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What is Coca-Cola Hellenic Bottling Company S.A. Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola Hellenic Bottling Company S.A. Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Coca-Cola Hellenic Bottling Company S.A.'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.

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Coca-Cola Hellenic Bottling Company S.A. Cyclically Adjusted Price-to-FCF Chart

Coca-Cola Hellenic Bottling Company S.A. Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted Price-to-FCF
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Coca-Cola Hellenic Bottling Company S.A. Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
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Competitive Comparison of Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted Price-to-FCF

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Hellenic Bottling Company S.A.'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.


Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted Price-to-FCF falls into.



Coca-Cola Hellenic Bottling Company S.A. 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.

Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2013 is calculated as:

For example, Coca-Cola Hellenic Bottling Company S.A.'s adjusted Free Cash Flow per Share data for the three months ended in Mar. 2013 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2013 (Change)*Current CPI (Mar. 2013)
=-0.101/104.1502*104.1502
=-0.101

Current CPI (Mar. 2013) = 104.1502.

Coca-Cola Hellenic Bottling Company S.A. Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200306 -0.019 79.994 -0.025
200309 0.341 79.913 0.444
200312 0.410 80.698 0.529
200403 -0.020 81.900 -0.025
200406 0.107 82.250 0.135
200409 0.386 82.168 0.489
200412 -0.088 83.194 -0.110
200503 0.093 84.269 0.115
200506 0.205 84.980 0.251
200509 0.406 85.402 0.495
200512 -0.311 86.207 -0.376
200603 -0.002 87.053 -0.002
200606 0.152 87.729 0.180
200609 0.519 87.904 0.615
200612 -0.289 88.714 -0.339
200703 -0.042 89.344 -0.049
200706 0.377 90.040 0.436
200709 0.507 90.470 0.584
200712 -0.370 92.159 -0.418
200803 -0.131 93.306 -0.146
200806 0.024 94.462 0.026
200809 0.857 94.663 0.943
200812 0.003 93.971 0.003
200903 0.082 94.514 0.090
200906 0.357 94.959 0.392
200909 1.115 95.339 1.218
200912 0.126 96.453 0.136
201003 0.217 98.231 0.230
201006 0.558 99.918 0.582
201009 1.100 100.650 1.138
201012 -0.234 101.443 -0.240
201103 -0.149 102.652 -0.151
201106 0.539 103.254 0.544
201109 0.849 103.723 0.852
201112 0.069 103.893 0.069
201203 -0.069 104.371 -0.069
201206 0.363 104.599 0.361
201209 0.796 104.662 0.792
201212 -0.103 104.729 -0.102
201303 -0.101 104.150 -0.101

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.


Coca-Cola Hellenic Bottling Company S.A.  (LSE:CCB) 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.


Coca-Cola Hellenic Bottling Company S.A. Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) Business Description

Traded in Other Exchanges
N/A
Address
Website
Coca-Cola Hellenic Bottling Company S.A. was incorporated in Greece and founded in 1969. It took its current form in August 2000 through the acquisition of the Coca-Cola Beverages PLC by Hellenic Bottling Company S.A. The Company is headquartered in Athens. Its two major shareholders are the Kar-Tess Holding S.A., a private holding company, and The Coca-Cola Company. The Company and its subsidiaries are primarily engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. The Company distributes its products in 27 countries in Europe and Nigeria. The Company has one business, being the production, sale and distribution of non-alcoholic, ready-to-drink beverages. The Company operates in 28 such as Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, Russia, Serbia and Ukraine. The Company is licensed to produce, sell and distribute a range of beverages. The Coca-Cola Company owns the trademarks for most of these. It supplies the concentrates and is largely responsible for consumer marketing. The Company's product portfolio consists of the world-leading brands Coca-Cola, Coca-Cola Light (diet Coke), Fanta and Sprite brands that it owns manufactures and distributes, including Amita, Avra, Deep RiverRock and Fruice brands licensed by other companies, such as Nestea and Monster. The Company produces, markets and sells its customers valuable brands, in addition to the 136 brands. In 2012, sparkling beverages of The Coca-Cola Company accounted for 62% of its sales volume, low calorie sparkling beverages accounted for 6%, while still and water beverages accounted for approximately 32% of its sales volume. With more than 30 water brands in its portfolio, it focuses on generating value through the 'on-the-go' or immediate consumption occasion.

Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) Headlines

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