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Zoetis (BSP:Z1TS34) Cyclically Adjusted Price-to-FCF : 63.54 (As of Jun. 11, 2024)


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What is Zoetis Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), Zoetis's current share price is R$59.73. Zoetis's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.94. Zoetis's Cyclically Adjusted Price-to-FCF for today is 63.54.

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

BSP:Z1TS34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 49.33   Med: 74.39   Max: 119.46
Current: 59.61

During the past years, Zoetis's highest Cyclically Adjusted Price-to-FCF was 119.46. The lowest was 49.33. And the median was 74.39.

BSP:Z1TS34's Cyclically Adjusted Price-to-FCF is ranked worse than
71.12% of 322 companies
in the Drug Manufacturers industry
Industry Median: 31.22 vs BSP:Z1TS34: 59.61

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.

Zoetis's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.309. 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$0.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zoetis Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zoetis'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.

Zoetis Cyclically Adjusted Price-to-FCF Chart

Zoetis 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 - 94.30 113.12 58.74 70.49

Zoetis Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 65.52 66.49 63.90 70.49 57.01

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

For the Drug Manufacturers - Specialty & Generic subindustry, Zoetis'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.


Zoetis's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zoetis's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Zoetis 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=59.73/0.94
=63.54

* 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.

Zoetis's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zoetis'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)
=0.309/131.7762*131.7762
=0.309

Current CPI (Mar. 2024) = 131.7762.

Zoetis Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.028 100.560 0.037
201409 0.018 100.428 0.024
201412 0.110 99.070 0.146
201503 0.006 99.621 0.008
201506 0.030 100.684 0.039
201509 0.074 100.392 0.097
201512 0.095 99.792 0.125
201603 0.003 100.470 0.004
201606 0.036 101.688 0.047
201609 0.074 101.861 0.096
201612 0.095 101.863 0.123
201703 0.030 102.862 0.038
201706 0.054 103.349 0.069
201709 0.155 104.136 0.196
201712 0.220 104.011 0.279
201803 0.141 105.290 0.176
201806 0.094 106.317 0.117
201809 0.252 106.507 0.312
201812 0.223 105.998 0.277
201903 0.162 107.251 0.199
201906 0.107 108.070 0.130
201909 0.202 108.329 0.246
201912 0.222 108.420 0.270
202003 0.200 108.902 0.242
202006 0.236 108.767 0.286
202009 0.314 109.815 0.377
202012 0.380 109.897 0.456
202103 0.238 111.754 0.281
202106 0.242 114.631 0.278
202109 0.370 115.734 0.421
202112 0.380 117.630 0.426
202203 0.127 121.301 0.138
202206 0.127 125.017 0.134
202209 0.260 125.227 0.274
202212 0.400 125.222 0.421
202303 0.228 127.348 0.236
202306 0.011 128.729 0.011
202309 0.387 129.860 0.393
202312 0.465 129.419 0.473
202403 0.309 131.776 0.309

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.


Zoetis  (BSP:Z1TS34) 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.


Zoetis Cyclically Adjusted Price-to-FCF Related Terms

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


Zoetis (BSP:Z1TS34) Business Description

Industry
Traded in Other Exchanges
Address
10 Sylvan Way, Parsippany, NJ, USA, 07054
Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns roughly 35% of total revenue from production animals (cattle, pigs, poultry, and so on), and nearly 65% from companion animal (dogs, horses, cats) products. Its U.S. business is heavily skewed toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.

Zoetis (BSP:Z1TS34) Headlines

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