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Performance Food Group Co (FRA:P5F) Cyclically Adjusted FCF per Share : €1.84 (As of Mar. 2024)


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What is Performance Food Group Co 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.

Performance Food Group Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.800. 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 €1.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Performance Food Group Co's average Cyclically Adjusted FCF Growth Rate was 28.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 21.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 21.70% 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 Performance Food Group Co was 21.60% per year. The lowest was -15.60% per year. And the median was 14.15% per year.

As of today (2024-06-09), Performance Food Group Co's current stock price is €64.00. Performance Food Group Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.84. Performance Food Group Co's Cyclically Adjusted Price-to-FCF of today is 34.78.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Performance Food Group Co was 84.34. The lowest was 20.19. And the median was 45.04.


Performance Food Group Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Performance Food Group Co'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.

Performance Food Group Co Cyclically Adjusted FCF per Share Chart

Performance Food Group Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.79 0.78 0.91 1.48

Performance Food Group Co 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 1.42 1.48 1.52 1.64 1.84

Competitive Comparison of Performance Food Group Co's Cyclically Adjusted FCF per Share

For the Food Distribution subindustry, Performance Food Group Co'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.


Performance Food Group Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Performance Food Group Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Performance Food Group Co's Cyclically Adjusted Price-to-FCF falls into.



Performance Food Group Co 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, Performance Food Group Co'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)
=1.8/131.7762*131.7762
=1.800

Current CPI (Mar. 2024) = 131.7762.

Performance Food Group Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 -0.886 100.428 -1.163
201412 0.107 99.070 0.142
201503 0.559 99.621 0.739
201506 0.653 100.684 0.855
201509 -0.443 100.392 -0.581
201512 0.104 99.792 0.137
201603 0.732 100.470 0.960
201606 0.509 101.688 0.660
201609 -0.953 101.861 -1.233
201612 0.042 101.863 0.054
201703 0.917 102.862 1.175
201706 0.568 103.349 0.724
201709 -0.004 104.136 -0.005
201712 -0.044 104.011 -0.056
201803 1.260 105.290 1.577
201806 0.575 106.317 0.713
201809 0.060 106.507 0.074
201812 0.022 105.998 0.027
201903 1.326 107.251 1.629
201906 0.091 108.070 0.111
201909 0.528 108.329 0.642
201912 0.401 108.420 0.487
202003 -1.502 108.902 -1.817
202006 3.818 108.767 4.626
202009 -1.114 109.815 -1.337
202012 0.404 109.897 0.484
202103 1.026 111.754 1.210
202106 -1.105 114.631 -1.270
202109 0.045 115.734 0.051
202112 0.447 117.630 0.501
202203 0.964 121.301 1.047
202206 -1.155 125.017 -1.217
202209 1.790 125.227 1.884
202212 0.306 125.222 0.322
202303 0.917 127.348 0.949
202306 0.487 128.729 0.499
202309 0.203 129.860 0.206
202312 2.197 129.419 2.237
202403 1.800 131.776 1.800

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


Performance Food Group Co  (FRA:P5F) 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.

Performance Food Group Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=64.00/1.84
=34.78

* 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 Performance Food Group Co was 84.34. The lowest was 20.19. And the median was 45.04.


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.


Performance Food Group Co Cyclically Adjusted FCF per Share Related Terms

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


Performance Food Group Co (FRA:P5F) Business Description

Traded in Other Exchanges
Address
12500 West Creek Parkway, Richmond, VA, USA, 23238
Performance Food Group Co is the third-largest U.S. food-service distributor behind Sysco and us Foods, with 9% market share. PFG's food-service business (52% of 2022 sales) provides customized food products and services (such as product selection and procurement) to independent and chain restaurants, and institutional customers. Acquisitions of Eby-Brown (2019) and Core-Mark (2021) enabled PFG to tap into the convenience store segment (41% of sales), offering convenience products, marketing programs, and technology solutions to convenience stores, drug stores, and other such channels. The firm's Vistar business (7% of sales) is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, theaters, and hospitality providers.

Performance Food Group Co (FRA:P5F) Headlines

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