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KT&G (XKRX:033780) Cyclically Adjusted Price-to-FCF : 11.65 (As of Apr. 30, 2024)


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What is KT&G Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), KT&G's current share price is ₩89400.00. KT&G's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₩7,672.13. KT&G's Cyclically Adjusted Price-to-FCF for today is 11.65.

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

XKRX:033780' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.09   Med: 13.79   Max: 24.56
Current: 11.59

During the past years, KT&G's highest Cyclically Adjusted Price-to-FCF was 24.56. The lowest was 11.09. And the median was 13.79.

XKRX:033780's Cyclically Adjusted Price-to-FCF is ranked worse than
62.5% of 24 companies
in the Tobacco Products industry
Industry Median: 10.56 vs XKRX:033780: 11.59

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.

KT&G's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₩1,595.061. 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 ₩7,672.13 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


KT&G Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for KT&G'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.

KT&G Cyclically Adjusted Price-to-FCF Chart

KT&G 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 16.17 13.68 11.58 12.70 11.33

KT&G Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 12.70 12.65 12.46 11.55 11.33

Competitive Comparison of KT&G's Cyclically Adjusted Price-to-FCF

For the Tobacco subindustry, KT&G'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.


KT&G's Cyclically Adjusted Price-to-FCF Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, KT&G's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



KT&G 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.

KT&G's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=89400.00/7672.13
=11.65

* 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.

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

For example, KT&G'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)
=1595.061/118.8477*118.8477
=1,595.061

Current CPI (Dec. 2023) = 118.8477.

KT&G Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1,800.903 99.253 2,156.440
201406 1,949.637 99.353 2,332.188
201409 743.553 99.608 887.173
201412 -538.877 99.098 -646.272
201503 536.543 99.720 639.460
201506 4,563.333 100.050 5,420.706
201509 2,406.962 100.110 2,857.476
201512 781.742 100.220 927.043
201603 1,307.614 100.560 1,545.415
201606 2,160.516 100.790 2,547.598
201609 1,959.496 101.460 2,295.304
201612 5,101.207 101.560 5,969.542
201703 -2,475.221 102.850 -2,860.227
201706 2,974.979 102.610 3,445.760
201709 4,922.291 103.490 5,652.749
201712 1,194.476 102.990 1,378.393
201803 2,376.968 104.100 2,713.710
201806 3,267.389 104.130 3,729.201
201809 1,696.588 105.650 1,908.524
201812 -3,682.781 104.350 -4,194.442
201903 5,399.860 104.490 6,141.841
201906 3,021.363 104.880 3,423.742
201909 -2,306.565 105.200 -2,605.798
201912 103.196 105.120 116.672
202003 1,458.278 105.540 1,642.155
202006 5,721.916 104.870 6,484.567
202009 952.756 106.200 1,066.223
202012 -154.353 105.765 -173.445
202103 594.478 107.357 658.105
202106 1,882.628 107.579 2,079.838
202109 5,996.994 108.759 6,553.275
202112 814.413 109.676 882.515
202203 1,462.441 111.806 1,554.550
202206 3,163.070 114.083 3,295.182
202209 265.909 114.831 275.210
202212 125.073 115.200 129.033
202303 -2,240.686 116.550 -2,284.867
202306 1,468.799 117.140 1,490.213
202309 5,704.126 119.111 5,691.507
202312 1,595.061 118.848 1,595.061

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.


KT&G  (XKRX:033780) 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.


KT&G Cyclically Adjusted Price-to-FCF Related Terms

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


KT&G (XKRX:033780) Business Description

Traded in Other Exchanges
N/A
Address
100, Pyong chon-dong, Daedeog-gu, Daejeon, KOR, 306-712
KT&G primarily manufactures and sells tobacco products in South Korea. Its flagship cigarette brand is Esse. Other brands include This, The One, Bohem, and Raison. More than two thirds of the company's revenue come from tobacco sales in South Korea. Tobacco sales outside of South Korea generate another fourth of the company's total revenue and are primarily generated in the Middle East and Asia, although the company sells its product in roughly 50 countries spanning the globe. The remaining company sales are from KT&G's businesses that invest in real estate and sell ginseng products, cosmetics, and pharmaceuticals.

KT&G (XKRX:033780) Headlines

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