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Ambev (BUE:ABEV) Cyclically Adjusted Price-to-FCF : 11.21 (As of Jun. 10, 2024)


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What is Ambev Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Ambev's current share price is ARS8499.00. Ambev's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS757.83. Ambev's Cyclically Adjusted Price-to-FCF for today is 11.21.

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

BUE:ABEV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.88   Med: 20.17   Max: 35.02
Current: 9.89

During the past years, Ambev's highest Cyclically Adjusted Price-to-FCF was 35.02. The lowest was 9.88. And the median was 20.17.

BUE:ABEV's Cyclically Adjusted Price-to-FCF is ranked better than
84.07% of 113 companies
in the Beverages - Alcoholic industry
Industry Median: 28.23 vs BUE:ABEV: 9.89

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.

Ambev's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ARS-3.180. 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 ARS757.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ambev Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ambev'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.

Ambev Cyclically Adjusted Price-to-FCF Chart

Ambev 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 19.23 15.40 13.97 12.82 11.81

Ambev 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 12.59 13.49 11.37 11.81 10.69

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

For the Beverages - Brewers subindustry, Ambev'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.


Ambev's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

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

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



Ambev 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8499.00/757.83
=11.21

* 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.

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

For example, Ambev'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)
=-3.18/159.3724*159.3724
=-3.180

Current CPI (Mar. 2024) = 159.3724.

Ambev Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.338 91.838 0.587
201409 0.395 92.602 0.680
201412 1.494 94.194 2.528
201503 0.452 97.799 0.737
201506 0.500 100.006 0.797
201509 0.652 101.392 1.025
201512 1.862 104.247 2.847
201603 -0.734 106.979 -1.093
201606 0.241 108.851 0.353
201609 1.037 109.986 1.503
201612 1.932 110.802 2.779
201703 0.447 111.869 0.637
201706 0.541 112.115 0.769
201709 1.366 112.777 1.930
201712 2.845 114.068 3.975
201803 0.184 114.868 0.255
201806 1.007 117.038 1.371
201809 2.520 117.881 3.407
201812 4.545 118.340 6.121
201903 0.984 120.124 1.306
201906 1.620 120.977 2.134
201909 1.652 121.292 2.171
201912 6.989 123.436 9.024
202003 0.158 124.092 0.203
202006 0.858 123.557 1.107
202009 5.140 125.095 6.548
202012 6.969 129.012 8.609
202103 1.520 131.660 1.840
202106 0.278 133.871 0.331
202109 5.487 137.913 6.341
202112 9.932 141.992 11.148
202203 -0.502 146.537 -0.546
202206 0.675 149.784 0.718
202209 7.110 147.800 7.667
202212 19.729 150.207 20.933
202303 -4.139 153.352 -4.301
202306 6.613 154.519 6.821
202309 29.698 155.464 30.445
202312 54.362 157.148 55.131
202403 -3.180 159.372 -3.180

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.


Ambev  (BUE:ABEV) 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.


Ambev Cyclically Adjusted Price-to-FCF Related Terms

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


Ambev (BUE:ABEV) Business Description

Traded in Other Exchanges
Address
Rua Doutor Renato Paes de Barros, 1017, 3rd Floor, Sao Paulo, SP, BRA, 04530-001
Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now AB InBev) a controlling interest of 61.8% as at the end of 2022.

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