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United Spirits (BOM:532432) Cyclically Adjusted Price-to-FCF : 192.85 (As of May. 26, 2024)


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What is United Spirits Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), United Spirits's current share price is ₹1178.30. United Spirits's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was ₹6.11. United Spirits's Cyclically Adjusted Price-to-FCF for today is 192.85.

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

BOM:532432' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 64.49   Med: 106.59   Max: 192.79
Current: 192.79

During the past 13 years, United Spirits's highest Cyclically Adjusted Price-to-FCF was 192.79. The lowest was 64.49. And the median was 106.59.

BOM:532432's Cyclically Adjusted Price-to-FCF is ranked worse than
94.55% of 110 companies
in the Beverages - Alcoholic industry
Industry Median: 29.655 vs BOM:532432: 192.79

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.

United Spirits's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was ₹6.737. 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 ₹6.11 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Spirits Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for United Spirits'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.

United Spirits Cyclically Adjusted Price-to-FCF Chart

United Spirits Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.78 112.07 69.11 93.82 123.75

United Spirits Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 - 123.75 - - -

Competitive Comparison of United Spirits's Cyclically Adjusted Price-to-FCF

For the Beverages - Wineries & Distilleries subindustry, United Spirits'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.


United Spirits's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

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

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



United Spirits 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.

United Spirits's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1178.30/6.11
=192.85

* 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.

United Spirits's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, United Spirits's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=6.737/146.8646*146.8646
=6.737

Current CPI (Mar23) = 146.8646.

United Spirits Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -11.704 91.425 -18.801
201503 -5.578 97.163 -8.431
201603 -0.310 102.518 -0.444
201703 4.734 105.196 6.609
201803 10.443 109.786 13.970
201903 10.930 118.202 13.580
202003 8.058 124.705 9.490
202103 23.176 131.771 25.831
202203 11.890 138.822 12.579
202303 6.737 146.865 6.737

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.


United Spirits  (BOM:532432) 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.


United Spirits Cyclically Adjusted Price-to-FCF Related Terms

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


United Spirits (BOM:532432) Business Description

Traded in Other Exchanges
Address
No. 24, Vittal Mallya Road, UB Tower, Bengaluru, KA, IND, 560 001
United Spirits Ltd manufactures and sells spirits, beer, wine, and other alcoholic beverages. The Company is engaged in the business of manufacture, purchase and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and through strategic franchising of some of its brands. Its brand portfolio consists of McDowell's No.1, Royal Challenge, Black Dog, Signature, Antiquity, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards among others. Geographically, the firm generates a majority of its revenue from India.

United Spirits (BOM:532432) Headlines

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