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Associated British Foods (Associated British Foods) Cyclically Adjusted Price-to-FCF : 24.15 (As of Apr. 27, 2024)


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What is Associated British Foods Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Associated British Foods's current share price is $31.63. Associated British Foods's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 was $1.31. Associated British Foods's Cyclically Adjusted Price-to-FCF for today is 24.15.

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

ASBFF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.49   Med: 37.38   Max: 100.81
Current: 25.58

During the past 13 years, Associated British Foods's highest Cyclically Adjusted Price-to-FCF was 100.81. The lowest was 12.49. And the median was 37.38.

ASBFF's Cyclically Adjusted Price-to-FCF is ranked worse than
54.81% of 697 companies
in the Consumer Packaged Goods industry
Industry Median: 23.47 vs ASBFF: 25.58

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.

Associated British Foods's adjusted free cash flow per share data of for the fiscal year that ended in Aug23 was $0.949. 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 $1.31 for the trailing ten years ended in Aug23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Associated British Foods Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Associated British Foods'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.

Associated British Foods Cyclically Adjusted Price-to-FCF Chart

Associated British Foods Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.80 25.08 20.71 15.21 19.34

Associated British Foods Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 - 15.21 - 19.34 -

Competitive Comparison of Associated British Foods's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, Associated British Foods'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.


Associated British Foods's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



Associated British Foods 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.

Associated British Foods's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.63/1.31
=24.15

* 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.

Associated British Foods's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 is calculated as:

For example, Associated British Foods's adjusted Free Cash Flow per Share data for the fiscal year that ended in Aug23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Aug23 (Change)*Current CPI (Aug23)
=0.949/129.4000*129.4000
=0.949

Current CPI (Aug23) = 129.4000.

Associated British Foods Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 1.545 99.900 2.001
201508 1.108 100.300 1.429
201608 0.838 101.200 1.072
201708 1.271 104.000 1.581
201808 0.916 106.500 1.113
201908 1.189 108.300 1.421
202008 1.881 108.800 2.237
202108 1.372 112.100 1.584
202208 0.583 121.800 0.619
202308 0.949 129.400 0.949

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.


Associated British Foods  (OTCPK:ASBFF) 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.


Associated British Foods Cyclically Adjusted Price-to-FCF Related Terms

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


Associated British Foods (Associated British Foods) Business Description

Traded in Other Exchanges
Address
10 Grosvenor Street, Weston Centre, London, GBR, W1K 4QY
Associated British Foods is a diversified international retail, food, and ingredients group with 130,000 employees and operations in 50 countries across Europe, southern Africa, the Americas, Asia, and Australia. The group sells branded grocery products, grows and processes sugar, supplies farmers with crop input and animal feed, and runs the popular Primark clothing retail chain. It also supplies ingredients like baker's yeast, enzymes, lipids, and cereal specialities. Some 40% of sales are in the U.K., and Primark generates more than half of the firm's operating profit.

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