GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Conagra Brands Inc (BSP:C1AG34) » Definitions » Cyclically Adjusted Price-to-FCF

Conagra Brands (BSP:C1AG34) Cyclically Adjusted Price-to-FCF : 12.24 (As of Jun. 07, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Conagra Brands Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Conagra Brands's current share price is R$160.33. Conagra Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was R$13.10. Conagra Brands's Cyclically Adjusted Price-to-FCF for today is 12.24.

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

BSP:C1AG34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.1   Med: 15.78   Max: 23.87
Current: 10.95

During the past years, Conagra Brands's highest Cyclically Adjusted Price-to-FCF was 23.87. The lowest was 9.10. And the median was 15.78.

BSP:C1AG34's Cyclically Adjusted Price-to-FCF is ranked better than
77.86% of 718 companies
in the Consumer Packaged Goods industry
Industry Median: 23.205 vs BSP:C1AG34: 10.95

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.

Conagra Brands's adjusted free cash flow per share data for the three months ended in Feb. 2024 was R$6.006. 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 R$13.10 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Conagra Brands Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Conagra Brands'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.

Conagra Brands Cyclically Adjusted Price-to-FCF Chart

Conagra Brands Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.47 14.64 15.54 12.60 13.71

Conagra Brands Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 13.88 13.71 11.35 10.77 10.41

Competitive Comparison of Conagra Brands's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, Conagra Brands'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.


Conagra Brands's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Conagra Brands 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.

Conagra Brands's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=160.33/13.1
=12.24

* 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.

Conagra Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Conagra Brands's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=6.006/130.9299*130.9299
=6.006

Current CPI (Feb. 2024) = 130.9299.

Conagra Brands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 3.189 100.373 4.160
201408 0.757 100.352 0.988
201411 0.693 99.635 0.911
201502 1.563 99.032 2.066
201505 5.425 100.333 7.079
201508 -0.152 100.548 -0.198
201511 2.253 100.135 2.946
201602 2.938 100.040 3.845
201605 3.324 101.355 4.294
201608 1.941 101.617 2.501
201611 1.180 101.829 1.517
201702 1.880 102.779 2.395
201705 1.815 103.256 2.301
201708 0.701 103.587 0.886
201711 1.621 104.072 2.039
201802 2.981 105.052 3.715
201805 0.332 106.148 0.410
201808 0.086 106.383 0.106
201811 1.077 106.338 1.326
201902 2.992 106.649 3.673
201905 2.084 108.048 2.525
201908 0.828 108.245 1.002
201911 1.220 108.519 1.472
202002 3.534 109.139 4.240
202005 9.590 108.175 11.607
202008 1.552 109.662 1.853
202011 1.336 109.793 1.593
202102 4.595 110.968 5.422
202105 3.152 113.576 3.634
202108 -0.164 115.421 -0.186
202111 0.228 117.269 0.255
202202 4.138 119.703 4.526
202205 3.339 123.323 3.545
202208 1.479 124.958 1.550
202211 -0.317 125.607 -0.330
202302 3.530 126.928 3.641
202305 2.047 128.314 2.089
202308 3.064 129.538 3.097
202311 3.478 129.548 3.515
202402 6.006 130.930 6.006

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.


Conagra Brands  (BSP:C1AG34) 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.


Conagra Brands Cyclically Adjusted Price-to-FCF Related Terms

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


Conagra Brands (BSP:C1AG34) Business Description

Traded in Other Exchanges
Address
222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654
Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. The company primarily sells through the U.S. retail channel, with just 8% of fiscal 2023 revenue coming from international markets and 9% from foodservice.

Conagra Brands (BSP:C1AG34) Headlines

No Headlines