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PepsiCo (UKEX:PEP) Cyclically Adjusted Price-to-FCF : 29.92 (As of Jun. 02, 2024)


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What is PepsiCo Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), PepsiCo's current share price is ₴6372.00. PepsiCo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₴212.99. PepsiCo's Cyclically Adjusted Price-to-FCF for today is 29.92.

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

UKEX:PEP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.52   Med: 27.18   Max: 34.65
Current: 29.53

During the past years, PepsiCo's highest Cyclically Adjusted Price-to-FCF was 34.65. The lowest was 21.52. And the median was 27.18.

UKEX:PEP's Cyclically Adjusted Price-to-FCF is ranked worse than
68.63% of 51 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 21.75 vs UKEX:PEP: 29.53

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.

PepsiCo's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₴-48.603. 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 ₴212.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PepsiCo Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PepsiCo'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.

PepsiCo Cyclically Adjusted Price-to-FCF Chart

PepsiCo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.31 29.82 32.18 31.84 29.00

PepsiCo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 32.18 32.55 29.13 29.00 29.89

Competitive Comparison of PepsiCo's Cyclically Adjusted Price-to-FCF

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


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

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

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



PepsiCo 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6372.00/212.99
=29.92

* 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.

PepsiCo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-48.603/131.7762*131.7762
=-48.603

Current CPI (Mar. 2024) = 131.7762.

PepsiCo Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 50.923 100.560 66.731
201409 90.408 100.428 118.629
201412 66.848 99.070 88.917
201503 0.000 99.621 0.000
201506 52.432 100.684 68.624
201509 92.449 100.392 121.351
201512 77.344 99.792 102.133
201603 -2.333 100.470 -3.060
201606 63.240 101.688 81.952
201609 85.687 101.861 110.852
201612 66.560 101.863 86.106
201703 -14.353 102.862 -18.388
201706 52.958 103.349 67.525
201709 91.312 104.136 115.549
201712 69.280 104.011 87.774
201803 -47.073 105.290 -58.915
201806 51.241 106.317 63.512
201809 85.721 106.507 106.059
201812 85.081 105.998 105.772
201903 -22.572 107.251 -27.734
201906 28.993 108.070 35.353
201909 83.159 108.329 101.158
201912 66.908 108.420 81.321
202003 -35.795 108.902 -43.314
202006 43.843 108.767 53.118
202009 110.064 109.815 132.075
202012 67.807 109.897 81.307
202103 -34.771 111.754 -41.001
202106 64.966 114.631 74.683
202109 96.955 115.734 110.394
202112 76.657 117.630 85.876
202203 -20.278 121.301 -22.029
202206 31.453 125.017 33.154
202209 98.410 125.227 103.557
202212 54.407 125.222 57.255
202303 -28.492 127.348 -29.483
202306 43.309 128.729 44.334
202309 134.415 129.860 136.399
202312 83.139 129.419 84.653
202403 -48.603 131.776 -48.603

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.


PepsiCo  (UKEX:PEP) 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.


PepsiCo Cyclically Adjusted Price-to-FCF Related Terms

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


PepsiCo (UKEX:PEP) Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.