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Performance Food Group Co (Performance Food Group Co) Cyclically Adjusted FCF per Share : $1.82 (As of Dec. 2023)


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What is Performance Food Group Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Performance Food Group Co's adjusted free cash flow per share for the three months ended in Dec. 2023 was $2.396. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $1.82 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Performance Food Group Co's average Cyclically Adjusted FCF Growth Rate was 33.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 21.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 21.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Performance Food Group Co was 21.60% per year. The lowest was -15.60% per year. And the median was 14.15% per year.

As of today (2024-04-29), Performance Food Group Co's current stock price is $68.85. Performance Food Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.82. Performance Food Group Co's Cyclically Adjusted Price-to-FCF of today is 37.83.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Performance Food Group Co was 84.34. The lowest was 20.19. And the median was 45.34.


Performance Food Group Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Performance Food Group Co's Cyclically Adjusted FCF per Share 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.

Performance Food Group Co Cyclically Adjusted FCF per Share Chart

Performance Food Group Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.90 0.95 0.96 1.62

Performance Food Group Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 1.36 1.56 1.62 1.61 1.82

Competitive Comparison of Performance Food Group Co's Cyclically Adjusted FCF per Share

For the Food Distribution subindustry, Performance Food Group Co'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.


Performance Food Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Performance Food Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Performance Food Group Co's Cyclically Adjusted Price-to-FCF falls into.



Performance Food Group Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Performance Food Group Co'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)
=2.396/129.4194*129.4194
=2.396

Current CPI (Dec. 2023) = 129.4194.

Performance Food Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 -1.142 100.428 -1.472
201412 0.132 99.070 0.172
201503 0.605 99.621 0.786
201506 0.733 100.684 0.942
201509 -0.497 100.392 -0.641
201512 0.114 99.792 0.148
201603 0.815 100.470 1.050
201606 0.572 101.688 0.728
201609 -1.070 101.861 -1.359
201612 0.045 101.863 0.057
201703 0.981 102.862 1.234
201706 0.638 103.349 0.799
201709 -0.005 104.136 -0.006
201712 -0.052 104.011 -0.065
201803 1.553 105.290 1.909
201806 0.672 106.317 0.818
201809 0.069 106.507 0.084
201812 0.025 105.998 0.031
201903 1.499 107.251 1.809
201906 0.103 108.070 0.123
201909 0.581 108.329 0.694
201912 0.445 108.420 0.531
202003 -1.659 108.902 -1.972
202006 4.300 108.767 5.116
202009 -1.312 109.815 -1.546
202012 0.491 109.897 0.578
202103 1.221 111.754 1.414
202106 -1.331 114.631 -1.503
202109 0.052 115.734 0.058
202112 0.505 117.630 0.556
202203 1.062 121.301 1.133
202206 -1.221 125.017 -1.264
202209 1.772 125.227 1.831
202212 0.324 125.222 0.335
202303 0.981 127.348 0.997
202306 0.528 128.729 0.531
202309 0.216 129.860 0.215
202312 2.396 129.419 2.396

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Performance Food Group Co  (NYSE:PFGC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Performance Food Group Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=68.85/1.82
=37.83

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Performance Food Group Co was 84.34. The lowest was 20.19. And the median was 45.34.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Performance Food Group Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Performance Food Group Co's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Performance Food Group Co (Performance Food Group Co) Business Description

Traded in Other Exchanges
Address
12500 West Creek Parkway, Richmond, VA, USA, 23238
Performance Food Group Co is the third-largest U.S. food-service distributor behind Sysco and us Foods, with 9% market share. PFG's food-service business (52% of 2022 sales) provides customized food products and services (such as product selection and procurement) to independent and chain restaurants, and institutional customers. Acquisitions of Eby-Brown (2019) and Core-Mark (2021) enabled PFG to tap into the convenience store segment (41% of sales), offering convenience products, marketing programs, and technology solutions to convenience stores, drug stores, and other such channels. The firm's Vistar business (7% of sales) is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, theaters, and hospitality providers.
Executives
David V Singer director 13024 BALLANTYNE CORPORATE PL, SUITE 900, CHARLOTTE NC 28277
Patrick T. Hagerty officer: See Remarks C/O PERFORMANCE FOOD GROUP COMPANY, 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
George L Holm director, officer: See Remarks 3000 69TH STREET EAST, PALMETTO FL 34221
Donald S. Bulmer officer: See Remarks 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
Craig Howard Hoskins officer: See Remarks C/O PERFORMANCE FOOD GROUP COMPANY, 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
Hugh Patrick Hatcher officer: See Remarks 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
Christine R Vlahcevic officer: See Remarks 1021 EAST CARY STREET, PO BOX 2350, RICHMOND VA 23218-2350
Kimberly Grant director 150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Scott E Mcpherson officer: See Remarks 395 OYSTER POINT BLVD, SUITE 415, SAN FRANCISCO CA 94080
Matthew C Flanigan director LEGGETT & PLATT INC, NO 1 LEGGETT ROAD, CARTHAGE MO 64836
Laura Jean Flanagan director 395 OYSTER POINT BLVD, SUITE 415, SOUTH SAN FRANCISCO CA 94080
James D Hope officer: See Remarks 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Warren M Thompson director 4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060
Barbara Beck director 5301 N IRONWOOD RD, MILWAUKEE WI 53217
Erika T Davis officer: See Remarks

Performance Food Group Co (Performance Food Group Co) Headlines