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Imperial Brands (LSE:IMB) Cyclically Adjusted Price-to-FCF : 6.08 (As of Apr. 27, 2024)


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What is Imperial Brands Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Imperial Brands's current share price is £18.115. Imperial Brands's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 was £2.98. Imperial Brands's Cyclically Adjusted Price-to-FCF for today is 6.08.

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

LSE:IMB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.08   Med: 12.24   Max: 28.68
Current: 6.09

During the past 13 years, Imperial Brands's highest Cyclically Adjusted Price-to-FCF was 28.68. The lowest was 5.08. And the median was 12.24.

LSE:IMB's Cyclically Adjusted Price-to-FCF is ranked better than
79.17% of 24 companies
in the Tobacco Products industry
Industry Median: 10.585 vs LSE:IMB: 6.09

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.

Imperial Brands's adjusted free cash flow per share data of for the fiscal year that ended in Sep23 was £3.174. 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 £2.98 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imperial Brands Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Imperial Brands'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.

Imperial Brands Cyclically Adjusted Price-to-FCF Chart

Imperial Brands Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.30 5.71 6.39 6.72 5.60

Imperial Brands Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 6.39 - 6.72 - 5.60

Competitive Comparison of Imperial Brands's Cyclically Adjusted Price-to-FCF

For the Tobacco subindustry, Imperial Brands'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.


Imperial Brands's Cyclically Adjusted Price-to-FCF Distribution in the Tobacco Products Industry

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

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



Imperial Brands 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.115/2.98
=6.08

* 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.

Imperial Brands's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Imperial Brands's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=3.174/130.1000*130.1000
=3.174

Current CPI (Sep23) = 130.1000.

Imperial Brands Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 2.250 100.000 2.927
201509 -2.218 100.200 -2.880
201609 3.058 101.500 3.920
201709 2.909 104.300 3.629
201809 3.161 106.600 3.858
201909 3.371 108.400 4.046
202009 4.107 109.200 4.893
202109 2.287 112.400 2.647
202209 3.329 122.300 3.541
202309 3.174 130.100 3.174

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.


Imperial Brands  (LSE:IMB) 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.


Imperial Brands Cyclically Adjusted Price-to-FCF Related Terms

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


Imperial Brands (LSE:IMB) Business Description

Address
121 Winterstoke Road, Bristol, GBR, BS3 2LL
Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco) with total fiscal 2023 volume of 198 billion cigarettes sold in more than 160 countries. The firm holds a leading global position in the fine-cut tobacco and hand-rolling paper categories, and it has a logistics platform in Western Europe, Altadis. Through acquisition, Imperial is the third-largest manufacturer in the U.S. and owns the Winston and blu brands.

Imperial Brands (LSE:IMB) Headlines

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