GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Asahi Group Holdings Ltd (STU:ABW) » Definitions » Cyclically Adjusted Price-to-FCF

Asahi Group Holdings (STU:ABW) Cyclically Adjusted Price-to-FCF : 16.16 (As of May. 26, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Asahi Group Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Asahi Group Holdings's current share price is €34.09. Asahi Group Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.11. Asahi Group Holdings's Cyclically Adjusted Price-to-FCF for today is 16.16.

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

STU:ABW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.09   Med: 16.06   Max: 31.82
Current: 16.57

During the past years, Asahi Group Holdings's highest Cyclically Adjusted Price-to-FCF was 31.82. The lowest was 11.09. And the median was 16.06.

STU:ABW's Cyclically Adjusted Price-to-FCF is ranked better than
70.91% of 110 companies
in the Beverages - Alcoholic industry
Industry Median: 29.655 vs STU:ABW: 16.57

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.

Asahi Group Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-1.173. 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 €2.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asahi Group Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Asahi Group Holdings'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.

Asahi Group Holdings Cyclically Adjusted Price-to-FCF Chart

Asahi Group Holdings 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 17.91 13.99 12.58 11.30 13.62

Asahi Group Holdings 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 14.82 15.66 14.88 13.62 15.86

Competitive Comparison of Asahi Group Holdings's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Asahi Group Holdings'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.


Asahi Group Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

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

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



Asahi Group Holdings 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.

Asahi Group Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=34.09/2.11
=16.16

* 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.

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

For example, Asahi Group Holdings'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)
=-1.173/107.2000*107.2000
=-1.173

Current CPI (Mar. 2024) = 107.2000.

Asahi Group Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.000 0.000
201409 0.000 98.500 0.000
201412 0.000 97.900 0.000
201503 0.000 97.900 0.000
201506 0.000 98.400 0.000
201509 0.000 98.500 0.000
201512 0.000 98.100 0.000
201603 -0.207 97.900 -0.227
201606 0.859 98.100 0.939
201609 0.801 98.000 0.876
201612 0.352 98.400 0.383
201703 -0.116 98.100 -0.127
201706 1.135 98.500 1.235
201709 1.009 98.800 1.095
201712 0.398 99.400 0.429
201803 -0.282 99.200 -0.305
201806 1.431 99.200 1.546
201809 1.179 99.900 1.265
201812 0.454 99.700 0.488
201903 -0.740 99.700 -0.796
201906 1.697 99.800 1.823
201909 1.201 100.100 1.286
201912 0.912 100.500 0.973
202003 -0.324 100.300 -0.346
202006 0.644 99.900 0.691
202009 1.854 99.900 1.989
202012 0.929 99.300 1.003
202103 -0.024 99.900 -0.026
202106 1.727 99.500 1.861
202109 1.343 100.100 1.438
202112 0.651 100.100 0.697
202203 -0.694 101.100 -0.736
202206 1.274 101.800 1.342
202209 1.138 103.100 1.183
202212 0.536 104.100 0.552
202303 -1.037 104.400 -1.065
202306 1.576 105.200 1.606
202309 1.379 106.200 1.392
202312 1.010 106.800 1.014
202403 -1.173 107.200 -1.173

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.


Asahi Group Holdings  (STU:ABW) 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.


Asahi Group Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Asahi Group Holdings (STU:ABW) Business Description

Traded in Other Exchanges
Address
1-23-1, Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602
Asahi is a leading brewer in Japan with an estimated 36.5% market share by volume in Japan's beer and beer-like market, led by its Asahi Super Dry beer brand. It also operates a wide range of acholic and soft beverage products as well as packaged foods, mainly in Japan. It has made inroads into Europe through acquisitions of SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017. The acquisition of Carlton United Breweries has granted Asahi the leading market share in Australia's beer market with Great Northern the leading brand. East Asia including China and Southeast Asia are the other overseas markets where Asahi is growing. Overseas business represents nearly half of the group sales and 60% of business profits.

Asahi Group Holdings (STU:ABW) Headlines

No Headlines