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Reynolds American (Reynolds American) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Reynolds American Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Reynolds American Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Reynolds American'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.

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Reynolds American Cyclically Adjusted Price-to-FCF Chart

Reynolds American Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted Price-to-FCF
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Reynolds American Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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Competitive Comparison of Reynolds American's Cyclically Adjusted Price-to-FCF

For the Tobacco subindustry, Reynolds American'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.


Reynolds American's Cyclically Adjusted Price-to-FCF Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Reynolds American's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Reynolds American 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.

Reynolds American's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2017 is calculated as:

For example, Reynolds American's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2017 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=1.279/102.8622*102.8622
=1.279

Current CPI (Mar. 2017) = 102.8622.

Reynolds American Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200706 0.552 87.906 0.646
200709 0.937 87.964 1.096
200712 -0.003 88.616 -0.003
200803 0.710 90.090 0.811
200806 -1.028 92.320 -1.145
200809 0.945 92.307 1.053
200812 0.398 88.697 0.462
200903 0.717 89.744 0.822
200906 -0.508 91.003 -0.574
200909 0.489 91.120 0.552
200912 0.427 91.111 0.482
201003 0.691 91.821 0.774
201006 -0.907 91.962 -1.015
201009 0.987 92.162 1.102
201012 0.161 92.474 0.179
201103 0.755 94.283 0.824
201106 -0.847 95.235 -0.915
201109 0.688 95.727 0.739
201112 0.455 95.213 0.492
201203 0.888 96.783 0.944
201206 -0.998 96.819 -1.060
201209 0.856 97.633 0.902
201212 0.562 96.871 0.597
201303 0.833 98.209 0.872
201306 -1.073 98.518 -1.120
201309 0.764 98.790 0.795
201312 0.533 98.326 0.558
201403 0.795 99.695 0.820
201406 -0.678 100.560 -0.694
201409 0.768 100.428 0.787
201412 0.439 99.070 0.456
201503 0.988 99.621 1.020
201506 -0.588 100.684 -0.601
201509 -0.664 100.392 -0.680
201512 0.411 99.792 0.424
201603 0.762 100.470 0.780
201606 -1.335 101.688 -1.350
201609 0.797 101.861 0.805
201612 0.528 101.863 0.533
201703 1.279 102.862 1.279

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.


Reynolds American  (NYSE:RAI) 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.


Reynolds American Cyclically Adjusted Price-to-FCF Related Terms

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


Reynolds American (Reynolds American) Business Description

Traded in Other Exchanges
N/A
Address
Reynolds American controls roughly one third of the U.S. cigarette market and is the second-largest domestic cigarette manufacturer behind Altria. Its brands include Camel, Pall Mall, and Newport. Reynolds also owns the Grizzly and Kodiak smokeless tobacco brands. Another subsidiary, Santa Fe Natural Tobacco, manufactures superpremium Natural American Spirit cigarettes. In 2013, Reynolds entered the electronic cigarette market with its Vuse brand, which captured a significant share of this small but growing market.
Executives
John J Zillmer director ARAMARK CORP, 1101 MARKET ST, PHILADELPHIA PA 19107
Debra Ann Crew officer: President and CEO STANLEY BLACK & DECKER, INC., 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Ronald S Rolfe director 825 8TH AVENUE, 38TH FLOOR, NEW YORK NY 10019
Nowell Lionel L Iii director 401 NORTH MAIN STREET, WINSTON-SALEM NC 27101
Holly K Koeppel director 401 NORTH MAIN STREET, WINSTON-SALEM NC 27101
Susan M. Cameron director C/O TUPPERWARE BRANDS CORP, PO BOX 2353, ORLANDO FL 32802-2353
Murray S Kessler director 714 GREEN VALLEY ROAD, GREENSBORO NC 27408
Nana Mensah director 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Thomas C Wajnert director 401 NORTH MAIN STREET, WINSTON SALEM NC 27102
Richard E Thornburgh director 401 N. MAIN STREET, WINSTON-SALEM NC 27101
Nicholas V Scheele director FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Betsy S Atkins director
Joseph P Viviano director 4351 GULF SHORE BLVD. N, 17N LERIVAGE, NAPLES FL 34103
Monteiro De Castro Antonio director BRITISH AMERICAN TOBACCO - GLOBE HOUSE, 4 TEMPLE PLACE, LONDON X0 WC2R2PG
Chain John T Jr director 401 N. MAIN ST., C/O RJ REYNOLDS TOBACCO HOLDINGS, WINSTON SALEM NC 27102

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