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Treasury Wine Estates (ASX:TWE) Cyclically Adjusted Price-to-FCF : 37.63 (As of May. 24, 2024)


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What is Treasury Wine Estates Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Treasury Wine Estates's current share price is A$12.04. Treasury Wine Estates's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$0.32. Treasury Wine Estates's Cyclically Adjusted Price-to-FCF for today is 37.63.

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

ASX:TWE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 31.81   Med: 47.4   Max: 66.88
Current: 36.33

During the past 13 years, Treasury Wine Estates's highest Cyclically Adjusted Price-to-FCF was 66.88. The lowest was 31.81. And the median was 47.40.

ASX:TWE's Cyclically Adjusted Price-to-FCF is ranked worse than
64.49% of 107 companies
in the Beverages - Alcoholic industry
Industry Median: 29.78 vs ASX:TWE: 36.33

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.

Treasury Wine Estates's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$0.032. 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 A$0.32 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Treasury Wine Estates Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Treasury Wine Estates'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.

Treasury Wine Estates Cyclically Adjusted Price-to-FCF Chart

Treasury Wine Estates Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 53.27 50.48 39.21 35.08

Treasury Wine Estates Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 39.21 - 35.08 -

Competitive Comparison of Treasury Wine Estates's Cyclically Adjusted Price-to-FCF

For the Beverages - Wineries & Distilleries subindustry, Treasury Wine Estates'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.


Treasury Wine Estates's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Treasury Wine Estates's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Treasury Wine Estates 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.

Treasury Wine Estates's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.04/0.32
=37.63

* 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.

Treasury Wine Estates's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Treasury Wine Estates's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.032/124.1700*124.1700
=0.032

Current CPI (Jun23) = 124.1700.

Treasury Wine Estates Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.110 98.352 0.139
201506 0.127 99.838 0.158
201606 0.389 100.859 0.479
201706 0.228 102.809 0.275
201806 0.108 104.945 0.128
201906 0.351 106.617 0.409
202006 0.306 106.246 0.358
202106 0.480 110.332 0.540
202206 0.614 117.112 0.651
202306 0.032 124.170 0.032

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.


Treasury Wine Estates  (ASX:TWE) 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.


Treasury Wine Estates Cyclically Adjusted Price-to-FCF Related Terms

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


Treasury Wine Estates (ASX:TWE) Business Description

Traded in Other Exchanges
Address
161 Collins Street, Level 8, Melbourne, VIC, AUS, 3000
Treasury Wine Estates is an Australia-based global wine company that demerged from Foster's Group in 2011. The company is among the world's top five wine producers, and owns a portfolio that includes Australian labels such as Penfolds and Wolf Blass, U.S. wines like Chateau St Jean and Sterling, and newly launched names such as 19 Crimes and Maison de Grand Esprit. An acquisition of Diageo's wine business in 2016 added additional U.S. brands including BV and Stags' Leap. Treasury owns over 130 wineries, with more than 13,000 planted hectares.

Treasury Wine Estates (ASX:TWE) Headlines

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