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Conagra Brands (Conagra Brands) Cyclically Adjusted Price-to-FCF : 11.48 (As of May. 17, 2024)


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

As of today (2024-05-17), Conagra Brands's current share price is $30.99. Conagra Brands's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was $2.70. Conagra Brands's Cyclically Adjusted Price-to-FCF for today is 11.48.

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

CAG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.1   Med: 15.88   Max: 23.87
Current: 11.49

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 15.88.

CAG's Cyclically Adjusted Price-to-FCF is ranked better than
77.51% of 716 companies
in the Consumer Packaged Goods industry
Industry Median: 23.78 vs CAG: 11.49

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 $1.211. 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 $2.70 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
=30.99/2.7
=11.48

* 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)
=1.211/130.9299*130.9299
=1.211

Current CPI (Feb. 2024) = 130.9299.

Conagra Brands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 1.437 100.373 1.874
201408 0.334 100.352 0.436
201411 0.271 99.635 0.356
201502 0.555 99.032 0.734
201505 1.775 100.333 2.316
201508 -0.043 100.548 -0.056
201511 0.595 100.135 0.778
201602 0.741 100.040 0.970
201605 0.939 101.355 1.213
201608 0.605 101.617 0.780
201611 0.354 101.829 0.455
201702 0.605 102.779 0.771
201705 0.566 103.256 0.718
201708 0.223 103.587 0.282
201711 0.497 104.072 0.625
201802 0.917 105.052 1.143
201805 0.091 106.148 0.112
201808 0.022 106.383 0.027
201811 0.284 106.338 0.350
201902 0.803 106.649 0.986
201905 0.522 108.048 0.633
201908 0.206 108.245 0.249
201911 0.294 108.519 0.355
202002 0.813 109.139 0.975
202005 1.701 108.175 2.059
202008 0.284 109.662 0.339
202011 0.245 109.793 0.292
202102 0.849 110.968 1.002
202105 0.596 113.576 0.687
202108 -0.031 115.421 -0.035
202111 0.041 117.269 0.046
202202 0.796 119.703 0.871
202205 0.673 123.323 0.715
202208 0.288 124.958 0.302
202211 -0.060 125.607 -0.063
202302 0.681 126.928 0.702
202305 0.411 128.314 0.419
202308 0.625 129.538 0.632
202311 0.710 129.548 0.718
202402 1.211 130.930 1.211

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  (NYSE:CAG) 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 (Conagra Brands) 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.
Executives
Richard H Lenny director ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Francisco Fraga director 222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Thomas M Mcgough officer: EVP and Co-COO C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS 1-330, OMAHA NE 68102
William Eric Johnson officer: SVP, Corporate Controller 222 MERCHANDISE MART PLAZA, SUITE 1300, CHICAGO IL 60654
Charisse Brock officer: EVP, Chief HR Officer C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
Robert G Wise officer: SVP, Corporate Controller C/O CONAGRA FOODS, INC., ONE CONAGRA DRIVE, OMAHA NE 68102
Carey Bartell officer: EVP, GC and Corp. Secretary C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Denise Paulonis director 8000 BENT BRANCH DRIVE, IRVING TX 75063
Emanuel Chirico director 7 NEW YORK PLACE, BRONSVILLE NY 10708
Batcheler Colleen officer: SVP and General Counsel ONE CONAGRA DRIVE, OMAHA NE 68102
Darren Serrao officer: EVP and Co-COO C/CONAGRA FOODS, INC., ONE CONAGRA DRIVE, MS1-330, OMAHA NE 68102
George Dowdie director C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE 1300, CHICAGO IL 60654
Fran Horowitz-bonadies director 6301 FITCH PATH, NEW ALBANY OH 43054
Alexandre Eboli officer: EVP,Chief Supply Chain Officer C/O CONAGRA BRANDS, INC., 222 W. MERCHANDISE MART PLAZA, STE. 1300, CHICAGO IL 60654
Jana Partners Llc director, other: See Remarks 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153

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