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Coca-Cola Co (UKEX:KO) Cyclically Adjusted FCF per Share : ₴82.38 (As of Mar. 2024)


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What is Coca-Cola 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.

Coca-Cola Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₴1.480. 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 ₴82.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Coca-Cola Co's average Cyclically Adjusted FCF Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.20% 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 Coca-Cola Co was 11.70% per year. The lowest was 2.40% per year. And the median was 7.80% per year.

As of today (2024-06-08), Coca-Cola Co's current stock price is ₴2260.00. Coca-Cola Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₴82.38. Coca-Cola Co's Cyclically Adjusted Price-to-FCF of today is 27.43.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Coca-Cola Co was 34.36. The lowest was 21.89. And the median was 27.82.


Coca-Cola Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Coca-Cola 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.

Coca-Cola Co Cyclically Adjusted FCF per Share Chart

Coca-Cola Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 86.97 84.37

Coca-Cola Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 90.43 94.87 102.51 84.37 82.38

Competitive Comparison of Coca-Cola Co's Cyclically Adjusted FCF per Share

For the Beverages - Non-Alcoholic subindustry, Coca-Cola 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.


Coca-Cola Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Coca-Cola 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, Coca-Cola Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.48/131.7762*131.7762
=1.480

Current CPI (Mar. 2024) = 131.7762.

Coca-Cola Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 25.654 100.560 33.618
201409 26.599 100.428 34.902
201412 16.854 99.070 22.418
201503 9.684 99.621 12.810
201506 27.052 100.684 35.406
201509 24.991 100.392 32.804
201512 11.571 99.792 15.280
201603 0.628 100.470 0.824
201606 24.663 101.688 31.960
201609 22.511 101.861 29.122
201612 12.741 101.863 16.483
201703 3.007 102.862 3.852
201706 20.467 103.349 26.097
201709 20.219 104.136 25.586
201712 5.844 104.011 7.404
201803 3.619 105.290 4.529
201806 15.209 106.317 18.851
201809 24.927 106.507 30.841
201812 13.511 105.998 16.797
201903 3.760 107.251 4.620
201906 31.347 108.070 38.223
201909 26.519 108.329 32.259
201912 17.340 108.420 21.075
202003 2.143 108.902 2.593
202006 18.953 108.767 22.962
202009 30.079 109.815 36.094
202012 29.976 109.897 35.944
202103 13.274 111.754 15.652
202106 34.103 114.631 39.204
202109 31.941 115.734 36.368
202112 25.641 117.630 28.725
202203 3.772 121.301 4.098
202206 33.967 125.017 35.804
202209 30.110 125.227 31.685
202212 20.890 125.222 21.983
202303 -1.081 127.348 -1.119
202306 38.509 128.729 39.421
202309 36.512 129.860 37.051
202312 17.004 129.419 17.314
202403 1.480 131.776 1.480

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


Coca-Cola Co  (UKEX:KO) 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.

Coca-Cola Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2260.00/82.38
=27.43

* 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 Coca-Cola Co was 34.36. The lowest was 21.89. And the median was 27.82.


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.


Coca-Cola Co Cyclically Adjusted FCF per Share Related Terms

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


Coca-Cola Co (UKEX:KO) Business Description

Address
One Coca-Cola Plaza, Atlanta, GA, USA, 30313
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenues overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

Coca-Cola Co (UKEX:KO) Headlines

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