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AGCO (AGCO) Cyclically Adjusted Price-to-FCF : 19.84 (As of May. 15, 2024)


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What is AGCO Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), AGCO's current share price is $117.28. AGCO's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.91. AGCO's Cyclically Adjusted Price-to-FCF for today is 19.84.

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

AGCO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.08   Med: 21.56   Max: 35.11
Current: 19.66

During the past years, AGCO's highest Cyclically Adjusted Price-to-FCF was 35.11. The lowest was 10.08. And the median was 21.56.

AGCO's Cyclically Adjusted Price-to-FCF is ranked better than
67.68% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 27.36 vs AGCO: 19.66

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.

AGCO's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-6.225. 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 $5.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGCO Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AGCO'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.

AGCO Cyclically Adjusted Price-to-FCF Chart

AGCO 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 19.32 22.65 23.96 26.18 21.25

AGCO 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 27.35 27.49 21.91 21.25 20.81

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

For the Farm & Heavy Construction Machinery subindustry, AGCO'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.


AGCO's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, AGCO's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AGCO 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=117.28/5.91
=19.84

* 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.

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

For example, AGCO'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)
=-6.225/129.4194*129.4194
=-6.225

Current CPI (Mar. 2024) = 129.4194.

AGCO Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.129 100.560 2.740
201409 -0.372 100.428 -0.479
201412 6.376 99.070 8.329
201503 -3.920 99.621 -5.093
201506 3.143 100.684 4.040
201509 -0.018 100.392 -0.023
201512 4.561 99.792 5.915
201603 -4.620 100.470 -5.951
201606 3.012 101.688 3.833
201609 -1.530 101.861 -1.944
201612 5.306 101.863 6.741
201703 -3.881 102.862 -4.883
201706 1.870 103.349 2.342
201709 -0.123 104.136 -0.153
201712 6.737 104.011 8.383
201803 -5.061 105.290 -6.221
201806 1.608 106.317 1.957
201809 1.705 106.507 2.072
201812 6.817 105.998 8.323
201903 -5.043 107.251 -6.085
201906 0.816 108.070 0.977
201909 0.776 108.329 0.927
201912 9.007 108.420 10.752
202003 -6.534 108.902 -7.765
202006 2.085 108.767 2.481
202009 5.041 109.815 5.941
202012 7.715 109.897 9.086
202103 -4.991 111.754 -5.780
202106 1.756 114.631 1.983
202109 1.168 115.734 1.306
202112 7.263 117.630 7.991
202203 -8.582 121.301 -9.156
202206 -0.836 125.017 -0.865
202209 1.866 125.227 1.928
202212 13.558 125.222 14.012
202303 -9.099 127.348 -9.247
202306 1.072 128.729 1.078
202309 5.960 129.860 5.940
202312 9.920 129.419 9.920
202403 -6.225 129.419 -6.225

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.


AGCO  (NYSE:AGCO) 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.


AGCO Cyclically Adjusted Price-to-FCF Related Terms

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


AGCO (AGCO) Business Description

Traded in Other Exchanges
Address
4205 River Green Parkway, Duluth, GA, USA, 30096
Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.
Executives
Dehner Torsten Rudolf Willi officer: SVP Gen Mgr Europe Middle East AGCO INTERNATIONAL GMBH, VICTOR VON BRUNS STRASSE 17, NEUHAUSEN AM RHEINFALL V8 CH 8212
Robert B Crain officer: Sr VP Gen. Mgr. North America AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096-2584
Felli Luis Fernando Sartini officer: SVP Gen Manager South America AGCO AMERICA DO SUL, RUA JAMES JOULE, 92 - CONJ 161 BROOKLIN, SAO PAULO D5 04576-080
Lara Thrush Long officer: VP, Chief Accounting Officer AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
George E Minnich director 4 WEST RED OAK LANE, WHITE PLAINS NY 10604
Timothy Millwood officer: SVP Chief Supply Chain Officer AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
Andrew H Beck officer: Sr. VP and CFO
Damon J Audia officer: SVP, Chief Financial Officer 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
David M. Sagehorn director 2307 OREGON STREET, PO BOX 2566, OSHKOSH WI 54903-2566
Niels Porksen director 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
Hans Bernd Veltmaat officer: Sr VP Manufacturing & Quality AGCO GMBH, VICTOR VON BRUNS STRASSE 17, CH 8212 NEUHAUSEN V8 CH 8212
Gary L Collar officer: SVP, General Manager, EAME 11975 S MAGNOLIA CIRCLE, ALPHARETTA GA 30005
Kelvin Eugene Bennett officer: SVP, Engineering AGCO INTERNATIONAL GMBH, VICTOR VON BRUNS STRASSE 17, NEUHAUSEN AM RHEINFALL V8 CH 8212
Ivory Marie Harris officer: SVP Chief HR Officer AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096
Wolfgang Deml director