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Crown Holdings (FRA:CWN) Cyclically Adjusted FCF per Share : €2.05 (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 €-1.505. 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 €2.05 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 (2024-06-02), Crown Holdings's current stock price is €76.62. Crown Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.05. Crown Holdings's Cyclically Adjusted Price-to-FCF of today is 37.38.

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 1.27 1.42 1.73 1.71 1.65

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 1.71 1.89 2.19 1.65 2.05

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)
=-1.505/131.7762*131.7762
=-1.505

Current CPI (Mar. 2024) = 131.7762.

Crown Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.662 100.560 2.178
201409 0.352 100.428 0.462
201412 4.593 99.070 6.109
201503 -2.253 99.621 -2.980
201506 1.362 100.684 1.783
201509 1.697 100.392 2.228
201512 3.049 99.792 4.026
201603 -2.965 100.470 -3.889
201606 2.421 101.688 3.137
201609 1.354 101.861 1.752
201612 -5.040 101.863 -6.520
201703 -4.601 102.862 -5.894
201706 0.059 103.349 0.075
201709 0.768 104.136 0.972
201712 -1.247 104.011 -1.580
201803 -5.110 105.290 -6.395
201806 0.966 106.317 1.197
201809 0.993 106.507 1.229
201812 4.234 105.998 5.264
201903 -4.879 107.251 -5.995
201906 2.364 108.070 2.883
201909 2.287 108.329 2.782
201912 5.142 108.420 6.250
202003 -4.807 108.902 -5.817
202006 1.856 108.767 2.249
202009 2.609 109.815 3.131
202012 4.588 109.897 5.501
202103 -3.245 111.754 -3.826
202106 2.251 114.631 2.588
202109 -0.727 115.734 -0.828
202112 2.504 117.630 2.805
202203 -3.051 121.301 -3.314
202206 2.365 125.017 2.493
202209 -3.017 125.227 -3.175
202212 3.460 125.222 3.641
202303 -3.655 127.348 -3.782
202306 2.369 128.729 2.425
202309 2.967 129.860 3.011
202312 3.389 129.419 3.451
202403 -1.505 131.776 -1.505

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


Crown Holdings  (FRA:CWN) 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
=76.62/2.05
=37.38

* 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 (FRA:CWN) 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.

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