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Boston Beer Co (FRA:BBEA) Cyclically Adjusted Price-to-FCF : 35.61 (As of Jun. 08, 2024)


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What is Boston Beer Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Boston Beer Co's current share price is €267.80. Boston Beer Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €7.52. Boston Beer Co's Cyclically Adjusted Price-to-FCF for today is 35.61.

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

FRA:BBEA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 31.99   Med: 74.81   Max: 226.39
Current: 35.77

During the past years, Boston Beer Co's highest Cyclically Adjusted Price-to-FCF was 226.39. The lowest was 31.99. And the median was 74.81.

FRA:BBEA's Cyclically Adjusted Price-to-FCF is ranked worse than
61.61% of 112 companies
in the Beverages - Alcoholic industry
Industry Median: 27.275 vs FRA:BBEA: 35.77

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.

Boston Beer Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-1.574. 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 €7.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Beer Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Boston Beer Co'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.

Boston Beer Co Cyclically Adjusted Price-to-FCF Chart

Boston Beer Co 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 72.71 173.27 102.84 56.64 45.11

Boston Beer 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 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 55.17 45.45 51.27 45.11 37.35

Competitive Comparison of Boston Beer Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Boston Beer 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.


Boston Beer Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

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

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



Boston Beer Co 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.

Boston Beer Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=267.80/7.52
=35.61

* 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.

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

For example, Boston Beer 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)
=-1.574/131.7762*131.7762
=-1.574

Current CPI (Mar. 2024) = 131.7762.

Boston Beer Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.155 100.560 0.203
201409 1.397 100.428 1.833
201412 0.915 99.070 1.217
201503 0.165 99.621 0.218
201506 2.408 100.684 3.152
201509 3.126 100.392 4.103
201512 0.528 99.792 0.697
201603 -0.257 100.470 -0.337
201606 2.019 101.688 2.616
201609 3.234 101.861 4.184
201612 2.480 101.863 3.208
201703 -0.898 102.862 -1.150
201706 4.091 103.349 5.216
201709 2.823 104.136 3.572
201712 1.299 104.011 1.646
201803 -1.501 105.290 -1.879
201806 3.643 106.317 4.515
201809 3.005 106.507 3.718
201812 2.923 105.998 3.634
201903 -0.642 107.251 -0.789
201906 1.469 108.070 1.791
201909 4.855 108.329 5.906
201912 0.672 108.420 0.817
202003 -0.629 108.902 -0.761
202006 3.797 108.767 4.600
202009 4.450 109.815 5.340
202012 0.321 109.897 0.385
202103 -1.313 111.754 -1.548
202106 -2.202 114.631 -2.531
202109 -1.203 115.734 -1.370
202112 -1.549 117.630 -1.735
202203 -4.782 121.301 -5.195
202206 10.385 125.017 10.946
202209 6.868 125.227 7.227
202212 -3.460 125.222 -3.641
202303 -2.666 127.348 -2.759
202306 7.629 128.729 7.810
202309 8.984 129.860 9.117
202312 1.312 129.419 1.336
202403 -1.574 131.776 -1.574

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.


Boston Beer Co  (FRA:BBEA) 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.


Boston Beer Co Cyclically Adjusted Price-to-FCF Related Terms

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Boston Beer Co (FRA:BBEA) Business Description

Traded in Other Exchanges
Address
One Design Center Place, Suite 850, Boston, MA, USA, 02210
Boston Beer is a top player in high-end malt beverages and adjacent categories in the U.S., with strong positions in craft beer, flavored malt beverage, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands, including Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the U.S.

Boston Beer Co (FRA:BBEA) Headlines

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