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FMC (FMC) Cyclically Adjusted Price-to-FCF : 27.58 (As of Apr. 27, 2024)


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What is FMC Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), FMC's current share price is $58.46. FMC's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.12. FMC's Cyclically Adjusted Price-to-FCF for today is 27.58.

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

FMC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.41   Med: 54.89   Max: 86.71
Current: 27.32

During the past years, FMC's highest Cyclically Adjusted Price-to-FCF was 86.71. The lowest was 24.41. And the median was 54.89.

FMC's Cyclically Adjusted Price-to-FCF is ranked worse than
65.93% of 91 companies
in the Agriculture industry
Industry Median: 18.47 vs FMC: 27.32

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.

FMC's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $2.140. 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 $2.12 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


FMC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FMC'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.

FMC Cyclically Adjusted Price-to-FCF Chart

FMC 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 66.14 63.83 47.84 47.87 29.80

FMC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 47.87 60.83 55.52 35.57 29.80

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

For the Agricultural Inputs subindustry, FMC'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.


FMC's Cyclically Adjusted Price-to-FCF Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, FMC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



FMC 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=58.46/2.12
=27.58

* 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.

FMC's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, FMC's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.14/129.4194*129.4194
=2.140

Current CPI (Dec. 2023) = 129.4194.

FMC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.193 99.695 -1.549
201406 1.290 100.560 1.660
201409 0.336 100.428 0.433
201412 0.991 99.070 1.295
201503 -2.501 99.621 -3.249
201506 0.716 100.684 0.920
201509 -1.191 100.392 -1.535
201512 -0.102 99.792 -0.132
201603 0.485 100.470 0.625
201606 0.882 101.688 1.123
201609 0.958 101.861 1.217
201612 0.696 101.863 0.884
201703 -0.323 102.862 -0.406
201706 2.085 103.349 2.611
201709 0.316 104.136 0.393
201712 0.112 104.011 0.139
201803 -0.685 105.290 -0.842
201806 1.881 106.317 2.290
201809 1.503 106.507 1.826
201812 -0.613 105.998 -0.748
201903 -2.224 107.251 -2.684
201906 0.267 108.070 0.320
201909 1.777 108.329 2.123
201912 3.222 108.420 3.846
202003 -2.635 108.902 -3.131
202006 1.738 108.767 2.068
202009 2.515 109.815 2.964
202012 2.823 109.897 3.324
202103 -2.517 111.754 -2.915
202106 1.611 114.631 1.819
202109 2.222 115.734 2.485
202112 4.332 117.630 4.766
202203 -5.196 121.301 -5.544
202206 1.197 125.017 1.239
202209 2.858 125.227 2.954
202212 4.633 125.222 4.788
202303 -7.221 127.348 -7.338
202306 0.703 128.729 0.707
202309 0.275 129.860 0.274
202312 2.140 129.419 2.140

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.


FMC  (NYSE:FMC) 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.


FMC Cyclically Adjusted Price-to-FCF Related Terms

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


FMC (FMC) Business Description

Industry
Traded in Other Exchanges
Address
2929 Walnut Street, Philadelphia, PA, USA, 19104
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.
Executives
Robert C Pallash director 17000 ROTUNDA DRIVE, DEARBORN MI 48120
Jacqueline Scanlan officer: Executive VP & Chief HRO HAEMONETICS CORPORATION, 400 WOOD ROAD, BRAINTREE MA 02184
Ronaldo Pereira officer: EVP, President, FMC Americas 1620 MONK RD, GLADWYNE PA 19035
Nicholas Pfeiffer officer: Corporate Controller 1735 MARKET STREET, PHILADELPHIA PA 19103
Patricia Verduin director ONE CONAGRA DRIVE, OMAHA NE 68102
Mark Douglas officer: Pres., Agricultural Solutions ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Vsevolod Rostovtsev officer: VP & Chief Technology Officer 909 TWYCKENHAM ROAD, MEDIA PA 19063
Andrew D Sandifer officer: EVP and CFO FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Michael Finian Reilly officer: EVP, General Counsel & Sec. FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Kathy Lynn Fortmann director INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Kathleen Shelton officer: EVP, Chief Technology Officer 630 UNIVERSITY PLACE, SWARTHMORE PA 19081
Diane Allemang officer: EVP & Chief Marketing Officer 1615 NORTH CLEVELAND STREET, ARLINGTON VA 22201
Carol Anthony Davidson director
Eduardo E Cordeiro director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Volpe Vincent R Jr director C/O DRESSER-RAND GROUP INC, PAUL CLARK DRIVE, OLEAN NY 14760