GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fonterra Co-operative Group Ltd (NZSE:FCG) » Definitions » Cyclically Adjusted Price-to-FCF

Fonterra Co-operative Group (NZSE:FCG) Cyclically Adjusted Price-to-FCF : 7.37 (As of Jun. 09, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Fonterra Co-operative Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Fonterra Co-operative Group's current share price is NZ$3.02. Fonterra Co-operative Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 was NZ$0.41. Fonterra Co-operative Group's Cyclically Adjusted Price-to-FCF for today is 7.37.

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

NZSE:FCG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.95   Med: 8.15   Max: 13.41
Current: 7.31

During the past 13 years, Fonterra Co-operative Group's highest Cyclically Adjusted Price-to-FCF was 13.41. The lowest was 4.95. And the median was 8.15.

NZSE:FCG's Cyclically Adjusted Price-to-FCF is ranked better than
88.53% of 715 companies
in the Consumer Packaged Goods industry
Industry Median: 23.11 vs NZSE:FCG: 7.31

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.

Fonterra Co-operative Group's adjusted free cash flow per share data of for the fiscal year that ended in Jul23 was NZ$1.300. 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 NZ$0.41 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fonterra Co-operative Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fonterra Co-operative Group'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.

Fonterra Co-operative Group Cyclically Adjusted Price-to-FCF Chart

Fonterra Co-operative Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.58 10.10 7.30 8.20 6.45

Fonterra Co-operative Group Semi-Annual Data
Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23
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 7.30 - 8.20 - 6.45

Competitive Comparison of Fonterra Co-operative Group's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, Fonterra Co-operative Group'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.


Fonterra Co-operative Group's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fonterra Co-operative Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fonterra Co-operative Group's Cyclically Adjusted Price-to-FCF falls into.



Fonterra Co-operative Group 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.

Fonterra Co-operative Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.02/0.41
=7.37

* 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.

Fonterra Co-operative Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Fonterra Co-operative Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jul23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=1.3/128.0949*128.0949
=1.300

Current CPI (Jul23) = 128.0949.

Fonterra Co-operative Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 0.201 99.979 0.258
201507 -0.389 100.396 -0.496
201607 1.166 100.813 1.482
201707 0.257 102.731 0.320
201807 0.258 104.684 0.316
201907 0.239 106.218 0.288
202007 0.544 107.751 0.647
202107 0.333 113.067 0.377
202207 -0.339 121.245 -0.358
202307 1.300 128.095 1.300

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.


Fonterra Co-operative Group  (NZSE:FCG) 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.


Fonterra Co-operative Group Cyclically Adjusted Price-to-FCF Related Terms

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


Fonterra Co-operative Group (NZSE:FCG) Business Description

Traded in Other Exchanges
N/A
Address
109 Fanshawe Street, Auckland Central, Auckland, NZL, 1010
Fonterra Co-operative Group Ltd operates predominantly in the international dairy industry. The company is involved in the collection, manufacture, and sale of milk and milk-derived products through its ingredients, Consumer and Foodservice channels. The company's reportable segments are Global Markets, Greater China, and Core Operations and the majority of the revenue is generated from its core operations segment. Its primary geographic markets are China, the Rest of Asia, Australia, New Zealand, the United States, Latin America, and the Rest of the world.

Fonterra Co-operative Group (NZSE:FCG) Headlines