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Fortune Brands Innovations (LTS:0IRN) Cyclically Adjusted Price-to-FCF : 20.32 (As of Apr. 28, 2024)


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What is Fortune Brands Innovations Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Fortune Brands Innovations's current share price is $87.38003. Fortune Brands Innovations's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.30. Fortune Brands Innovations's Cyclically Adjusted Price-to-FCF for today is 20.32.

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

LTS:0IRN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.75   Med: 23.38   Max: 38.14
Current: 19.77

During the past years, Fortune Brands Innovations's highest Cyclically Adjusted Price-to-FCF was 38.14. The lowest was 14.75. And the median was 23.38.

LTS:0IRN's Cyclically Adjusted Price-to-FCF is ranked worse than
54.06% of 566 companies
in the Construction industry
Industry Median: 17.73 vs LTS:0IRN: 19.77

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.

Fortune Brands Innovations's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.097. 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 $4.30 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortune Brands Innovations Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fortune Brands Innovations'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.

Fortune Brands Innovations Cyclically Adjusted Price-to-FCF Chart

Fortune Brands Innovations 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 27.74 29.75 31.55 18.01 20.30

Fortune Brands Innovations 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 18.01 17.71 20.23 16.69 20.30

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

For the Building Products & Equipment subindustry, Fortune Brands Innovations'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.


Fortune Brands Innovations's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Fortune Brands Innovations's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Fortune Brands Innovations 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=87.38003/4.3
=20.32

* 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.

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

For example, Fortune Brands Innovations'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)
=1.097/129.4194*129.4194
=1.097

Current CPI (Dec. 2023) = 129.4194.

Fortune Brands Innovations Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.037 99.695 -1.346
201406 0.589 100.560 0.758
201409 0.651 100.428 0.839
201412 0.684 99.070 0.894
201503 -0.562 99.621 -0.730
201506 0.565 100.684 0.726
201509 1.163 100.392 1.499
201512 0.674 99.792 0.874
201603 -0.313 100.470 -0.403
201606 0.892 101.688 1.135
201609 1.169 101.861 1.485
201612 1.445 101.863 1.836
201703 -0.303 102.862 -0.381
201706 1.016 103.349 1.272
201709 0.933 104.136 1.160
201712 1.153 104.011 1.435
201803 -0.588 105.290 -0.723
201806 1.088 106.317 1.324
201809 1.159 106.507 1.408
201812 1.521 105.998 1.857
201903 -0.824 107.251 -0.994
201906 1.231 108.070 1.474
201909 1.521 108.329 1.817
201912 1.660 108.420 1.982
202003 -0.289 108.902 -0.343
202006 1.865 108.767 2.219
202009 1.583 109.815 1.866
202012 1.666 109.897 1.962
202103 -0.673 111.754 -0.779
202106 2.076 114.631 2.344
202109 0.865 115.734 0.967
202112 1.140 117.630 1.254
202203 -1.811 121.301 -1.932
202206 1.297 125.017 1.343
202209 1.440 125.227 1.488
202212 1.598 125.222 1.652
202303 0.261 127.348 0.265
202306 2.807 128.729 2.822
202309 2.101 129.860 2.094
202312 1.097 129.419 1.097

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.


Fortune Brands Innovations  (LTS:0IRN) 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.


Fortune Brands Innovations Cyclically Adjusted Price-to-FCF Related Terms

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


Fortune Brands Innovations (LTS:0IRN) Business Description

Traded in Other Exchanges
Address
520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611
Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.

Fortune Brands Innovations (LTS:0IRN) Headlines

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