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AGCO (FRA:AGJ) Cyclically Adjusted Price-to-FCF : 17.70 (As of May. 31, 2024)


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What is AGCO Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), AGCO's current share price is €97.20. AGCO's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.49. AGCO's Cyclically Adjusted Price-to-FCF for today is 17.70.

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

FRA:AGJ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.08   Med: 21.52   Max: 35.11
Current: 17.36

During the past years, AGCO's highest Cyclically Adjusted Price-to-FCF was 35.11. The lowest was 10.08. And the median was 21.52.

FRA:AGJ's Cyclically Adjusted Price-to-FCF is ranked better than
69.39% of 98 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 25.04 vs FRA:AGJ: 17.36

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 €-5.727. 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 €5.49 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 20.40

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
=97.20/5.49
=17.70

* 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)
=-5.727/131.7762*131.7762
=-5.727

Current CPI (Mar. 2024) = 131.7762.

AGCO Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.567 100.560 2.053
201409 -0.289 100.428 -0.379
201412 5.171 99.070 6.878
201503 -3.622 99.621 -4.791
201506 2.800 100.684 3.665
201509 -0.016 100.392 -0.021
201512 4.187 99.792 5.529
201603 -4.149 100.470 -5.442
201606 2.681 101.688 3.474
201609 -1.363 101.861 -1.763
201612 5.030 101.863 6.507
201703 -3.628 102.862 -4.648
201706 1.664 103.349 2.122
201709 -0.104 104.136 -0.132
201712 5.692 104.011 7.211
201803 -4.104 105.290 -5.136
201806 1.377 106.317 1.707
201809 1.461 106.507 1.808
201812 5.992 105.998 7.449
201903 -4.463 107.251 -5.484
201906 0.722 108.070 0.880
201909 0.704 108.329 0.856
201912 8.106 108.420 9.852
202003 -5.913 108.902 -7.155
202006 1.852 108.767 2.244
202009 4.280 109.815 5.136
202012 6.342 109.897 7.605
202103 -4.192 111.754 -4.943
202106 1.458 114.631 1.676
202109 0.993 115.734 1.131
202112 6.427 117.630 7.200
202203 -7.793 121.301 -8.466
202206 -0.791 125.017 -0.834
202209 1.885 125.227 1.984
202212 12.799 125.222 13.469
202303 -8.498 127.348 -8.794
202306 0.989 128.729 1.012
202309 5.585 129.860 5.667
202312 9.096 129.419 9.262
202403 -5.727 131.776 -5.727

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  (FRA:AGJ) 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 (FRA:AGJ) 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.

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