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Comvita (NZSE:CVT) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Comvita Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Comvita Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Comvita'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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Comvita Cyclically Adjusted Price-to-FCF Chart

Comvita Annual Data
Trend Mar13 Mar14 Mar15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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Comvita Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Comvita's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, Comvita'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.


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

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

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



Comvita 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.

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

For example, Comvita'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)
=-0.175/125.8458*125.8458
=-0.175

Current CPI (Jun23) = 125.8458.

Comvita Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201303 -0.262 97.895 -0.337
201403 -0.232 99.396 -0.294
201503 -0.052 99.646 -0.066
201706 -0.320 102.231 -0.394
201806 -0.558 103.764 -0.677
201906 0.089 105.502 0.106
202006 0.662 107.035 0.778
202106 0.199 110.614 0.226
202206 -0.094 118.690 -0.100
202306 -0.175 125.846 -0.175

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.


Comvita  (NZSE:CVT) 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.


Comvita Cyclically Adjusted Price-to-FCF Related Terms

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Comvita (NZSE:CVT) Business Description

Traded in Other Exchanges
Address
23 Wilson Road South, Private Bag 1, Paengaroa, Te Puke, BOP, NZL, 3153
Comvita Ltd is a New Zealand based company. It is engaged in the development and marketing of natural health and wellbeing products. Its products include manuka honey, manuka honey extract, nutritional oils, royal jelly, olive leaf extract, and other products. The company's geographical segments include Greater China; ANZ; Rest of Asia; Rest of Asia and EMEA. It derives a majority of its revenue from Greater China.

Comvita (NZSE:CVT) Headlines

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