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BRF (BSP:BRFS3) Cyclically Adjusted Price-to-FCF : 9.97 (As of Apr. 29, 2024)


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What is BRF Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), BRF's current share price is R$17.45. BRF's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$1.75. BRF's Cyclically Adjusted Price-to-FCF for today is 9.97.

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

BSP:BRFS3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.07   Med: 27.46   Max: 1304.35
Current: 9.99

During the past years, BRF's highest Cyclically Adjusted Price-to-FCF was 1304.35. The lowest was 3.07. And the median was 27.46.

BSP:BRFS3's Cyclically Adjusted Price-to-FCF is ranked better than
79.63% of 697 companies
in the Consumer Packaged Goods industry
Industry Median: 23.47 vs BSP:BRFS3: 9.99

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.

BRF's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$0.665. 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 R$1.75 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


BRF Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BRF'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.

BRF Cyclically Adjusted Price-to-FCF Chart

BRF 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 22.61 13.10 10.77 4.32 7.90

BRF 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 4.32 3.18 4.72 5.68 7.90

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

For the Packaged Foods subindustry, BRF'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.


BRF's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



BRF 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.45/1.75
=9.97

* 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.

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

For example, BRF'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)
=0.665/156.2729*156.2729
=0.665

Current CPI (Dec. 2023) = 156.2729.

BRF Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.698 90.447 1.206
201406 0.942 91.838 1.603
201409 0.521 92.602 0.879
201412 1.407 94.194 2.334
201503 1.317 97.799 2.104
201506 0.378 100.006 0.591
201509 1.292 101.392 1.991
201512 -0.272 104.247 -0.408
201603 -0.903 106.979 -1.319
201606 -0.743 108.851 -1.067
201609 0.535 109.986 0.760
201612 0.994 110.802 1.402
201703 -1.844 111.869 -2.576
201706 0.238 112.115 0.332
201709 -0.260 112.777 -0.360
201712 0.941 114.068 1.289
201803 -0.273 114.868 -0.371
201806 -0.234 117.038 -0.312
201809 -0.608 117.881 -0.806
201812 -0.233 118.340 -0.308
201903 -0.322 120.124 -0.419
201906 0.312 120.977 0.403
201909 1.496 121.292 1.927
201912 1.756 123.436 2.223
202003 2.888 124.092 3.637
202006 0.324 123.557 0.410
202009 2.395 125.095 2.992
202012 -1.235 129.012 -1.496
202103 1.716 131.660 2.037
202106 -1.819 133.871 -2.123
202109 1.124 137.913 1.274
202112 0.152 141.992 0.167
202203 -2.417 146.537 -2.578
202206 0.061 149.784 0.064
202209 0.499 147.800 0.528
202212 0.517 150.207 0.538
202303 -0.057 153.352 -0.058
202306 0.081 154.519 0.082
202309 0.236 155.464 0.237
202312 0.665 156.273 0.665

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.


BRF  (BSP:BRFS3) 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.


BRF Cyclically Adjusted Price-to-FCF Related Terms

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


BRF (BSP:BRFS3) Business Description

Traded in Other Exchanges
Address
Avenida das Nacoes Unidas, 8501 – 1st Floor, Pinheiros, Sao Paulo, SP, BRA, 05425-070
BRF SA is an international producer of fresh and frozen protein foods. The firm's segments are In natura (poultry, pork, bovine, and other), Processed foods, and Other sales. The product portfolio includes marinated, frozen, whole and cut meat, specialty meats, portioned products, and frozen prepared entrees. The company also offers margarine, sweet specialties, sandwiches, mayonnaise, and animal feed. Its most well-known brands are Sadia, Chester, Perdix, Paty, Perdigao, and Qualy. Internationally, the portfolio's leading brand is Sadia, which is present in multiple categories in Middle Eastern countries. Geographically, sales are distributed evenly between Brazil and international markets.

BRF (BSP:BRFS3) Headlines

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