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Reed's (Reed's) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is Reed's Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Reed's Cyclically Adjusted Price-to-FCF Historical Data

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

Reed's Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Reed's Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Reed's's Cyclically Adjusted Price-to-FCF

For the Beverages - Non-Alcoholic subindustry, Reed's'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.


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

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

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



Reed's 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.

Reed's's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Reed's's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.044/129.4194*129.4194
=-0.044

Current CPI (Dec. 2023) = 129.4194.

Reed's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.044 99.695 0.057
201406 2.920 100.560 3.758
201409 1.401 100.428 1.805
201412 -1.897 99.070 -2.478
201503 -2.974 99.621 -3.864
201506 -5.366 100.684 -6.897
201509 -0.685 100.392 -0.883
201512 2.097 99.792 2.720
201603 -3.422 100.470 -4.408
201606 -11.785 101.688 -14.999
201609 6.869 101.861 8.727
201612 -3.061 101.863 -3.889
201703 1.736 102.862 2.184
201706 -13.271 103.349 -16.619
201709 -6.757 104.136 -8.398
201712 3.196 104.011 3.977
201803 -9.272 105.290 -11.397
201806 -11.489 106.317 -13.986
201809 -0.158 106.507 -0.192
201812 2.409 105.998 2.941
201903 -15.134 107.251 -18.262
201906 -4.210 108.070 -5.042
201909 -4.837 108.329 -5.779
201912 -4.098 108.420 -4.892
202003 -2.494 108.902 -2.964
202006 -2.328 108.767 -2.770
202009 -1.415 109.815 -1.668
202012 -1.885 109.897 -2.220
202103 -2.975 111.754 -3.445
202106 -2.893 114.631 -3.266
202109 -2.667 115.734 -2.982
202112 -1.343 117.630 -1.478
202203 -1.133 121.301 -1.209
202206 -6.271 125.017 -6.492
202209 -0.079 125.227 -0.082
202212 0.355 125.222 0.367
202303 0.429 127.348 0.436
202306 -1.071 128.729 -1.077
202309 -0.431 129.860 -0.430
202312 -0.044 129.419 -0.044

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.


Reed's  (OTCPK:REED) 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.


Reed's Cyclically Adjusted Price-to-FCF Related Terms

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


Reed's (Reed's) Business Description

Traded in Other Exchanges
N/A
Address
201 Merritt 7, Norwalk, CT, USA, 06851
Reed's Inc sells Ginger Beer brand. The company's portfolio of handcrafted, all-natural beverages is sold in over 45,000 outlets nationwide including the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores, and on-premise locations including bars and restaurants. The company's two core brands are Reed's, which includes Reed's Craft Ginger Beer, Reed's Real Ginger Ale, Reed's Mules, and Reed's Hard Ginger Ale; and Virgil's Handcrafted sodas.
Executives
John Bello director 201 MERRITT 7 CORPORATE PARK, NORWALK CT 06851
Shufen Deng 10 percent owner ROOMS 3006-07, CHINA RESOURCES BUILDING, 26 HARBOUR ROAD, WANCHAI, HONG KONG K3 000000
D&d Source Of Life Holding Ltd. 10 percent owner ROOMS 3006-07, CHINA RESOURCES BUILDING, 26 HARBOUR ROAD, WANCHAI, HONG KONG K3 000000
Union Square Park Capital Management, Llc director, 10 percent owner, other: See Remarks 1120 AVENUE OF THE AMERICAS, SUITE 1512, NEW YORK NY 10036
Christopher Scott Burleson officer: CCO 6527 LEDERER AVE, WEST HILLS CA 91307
Thomas Wayne Kosler director 39919 N. 102ND ST, SCOTTSDALE AZ 85262
Leon Michael Zaltzman director, 10 percent owner, other: See Remarks 1120 AVENUE OF THE AMERICAS, FLOOR 15, NEW YORK NY 10036
Union Square Park Gp, Llc director, 10 percent owner, other: See Remarks 1120 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036
Union Square Park Partners, Lp director, 10 percent owner, other: See Remarks 1251 AVENUE OF THE AMERICAS, 34TH FLOOR, NEW YORK NY 10020
Rhonda Kallman director 42 BROOK STREET, SCITUATE MA 02066
Thomas J. Spisak officer: CFO 201 MERRITT 7, NORWALK CT 06851
Snyder Norman E. Jr. officer: COO 88 GREY ROCKS ROAD, WILTON CT 06897
Richard H. Hubli officer: COO 36 ROCKHOUSE ROAD, WILTON CT 06897
Joann Christine Tinnelly officer: INTERIM CFO 11/22/19 -12/1/19 19 NORTON LANE, OLD GREENWICH CT 06870
Lewis Jaffe director 201 MERRITT 7 CORPORATE PARK, NORWALK CT 06851