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Crown Holdings (Crown Holdings) Cyclically Adjusted FCF per Share : $2.24 (As of Mar. 2024)


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What is Crown Holdings Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Crown Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-1.636. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Crown Holdings's average Cyclically Adjusted FCF Growth Rate was 17.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 0.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Crown Holdings was 127.50% per year. The lowest was -21.20% per year. And the median was 7.75% per year.

As of today (2024-05-25), Crown Holdings's current stock price is $83.67. Crown Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.24. Crown Holdings's Cyclically Adjusted Price-to-FCF of today is 37.35.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Crown Holdings was 65.49. The lowest was 17.18. And the median was 38.63.


Crown Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Crown Holdings's Cyclically Adjusted FCF per Share 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.

Crown Holdings Cyclically Adjusted FCF per Share Chart

Crown Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.42 1.78 1.98 1.81 1.81

Crown 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 FCF per Share 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 1.90 2.06 2.33 1.81 2.24

Competitive Comparison of Crown Holdings's Cyclically Adjusted FCF per Share

For the Packaging & Containers subindustry, Crown 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.


Crown Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Crown Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Crown Holdings Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Crown 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)
=-1.636/131.7762*131.7762
=-1.636

Current CPI (Mar. 2024) = 131.7762.

Crown Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.258 100.560 2.959
201409 0.454 100.428 0.596
201412 5.664 99.070 7.534
201503 -2.439 99.621 -3.226
201506 1.529 100.684 2.001
201509 1.905 100.392 2.501
201512 3.321 99.792 4.385
201603 -3.302 100.470 -4.331
201606 2.721 101.688 3.526
201609 1.520 101.861 1.966
201612 -5.317 101.863 -6.878
201703 -4.921 102.862 -6.304
201706 0.066 103.349 0.084
201709 0.915 104.136 1.158
201712 -1.476 104.011 -1.870
201803 -6.300 105.290 -7.885
201806 1.129 106.317 1.399
201809 1.158 106.507 1.433
201812 4.817 105.998 5.988
201903 -5.513 107.251 -6.774
201906 2.671 108.070 3.257
201909 2.519 108.329 3.064
201912 5.713 108.420 6.944
202003 -5.311 108.902 -6.427
202006 2.090 108.767 2.532
202009 3.073 109.815 3.688
202012 5.581 109.897 6.692
202103 -3.863 111.754 -4.555
202106 2.712 114.631 3.118
202109 -0.856 115.734 -0.975
202112 2.829 117.630 3.169
202203 -3.360 121.301 -3.650
202206 2.500 125.017 2.635
202209 -2.987 125.227 -3.143
202212 3.665 125.222 3.857
202303 -3.913 127.348 -4.049
202306 2.567 128.729 2.628
202309 3.166 129.860 3.213
202312 3.696 129.419 3.763
202403 -1.636 131.776 -1.636

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Crown Holdings  (NYSE:CCK) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Crown Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=83.67/2.24
=37.35

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Crown Holdings was 65.49. The lowest was 17.18. And the median was 38.63.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Crown Holdings Cyclically Adjusted FCF per Share Related Terms

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


Crown Holdings (Crown Holdings) Business Description

Traded in Other Exchanges
Address
14025 Riveredge Drive, Suite 300, Tampa, FL, USA, 33637-2015
Crown Holdings is one of the world's largest producers of metal packaging. The company manufactures beverage cans, metal food cans, and closures as well as aerosol cans. With the purchase of Signode, the company also has a presence in a wide variety of protective transport packaging. Although it's headquartered in the United States, the vast majority of Crown's sales come from its operations in Europe, South America, and Southeast Asia.
Executives
Timothy J Donahue officer: Senior Vice President C/O CROWN HOLDINGS, INC, 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Gerard H Gifford officer: President - European Division C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Christy L. Kalaus officer: VP & Corp Controller 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
James H Miller director C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Carlos Baila officer: President - Asia Pacific Div. 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Andrew Teno director C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Jesse Lynn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Matt Madeksza officer: President - Transit Packaging 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Angela M Snyder director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Djalma Jr Novaes officer: President - Crown Americas Div C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Hock Huat Goh officer: President - Asia Pacific Div. C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Marsha C Williams director EQUITY OFFICE PROPERTIES, CHICAGO IL 60606
John W Conway director C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
B Craig Owens director 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Dwayne Andree Wilson director 6700 LAS COLINAS BOULEVARD, IRVING TX 75039