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PepsiCo (UKEX:PEP) Cyclically Adjusted Price-to-FCF : 29.92 (As of May. 20, 2024)


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What is PepsiCo Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), PepsiCo's current share price is ₴6372.00. PepsiCo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₴212.99. PepsiCo's Cyclically Adjusted Price-to-FCF for today is 29.92.

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

UKEX:PEP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.52   Med: 27.18   Max: 34.65
Current: 31.12

During the past years, PepsiCo's highest Cyclically Adjusted Price-to-FCF was 34.65. The lowest was 21.52. And the median was 27.18.

UKEX:PEP's Cyclically Adjusted Price-to-FCF is ranked worse than
70.59% of 51 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 22.08 vs UKEX:PEP: 31.12

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.

PepsiCo's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₴-47.576. 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 ₴212.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PepsiCo Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PepsiCo'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.

PepsiCo Cyclically Adjusted Price-to-FCF Chart

PepsiCo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.31 29.82 32.18 31.84 29.00

PepsiCo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 32.18 32.55 29.13 29.00 29.89

Competitive Comparison of PepsiCo's Cyclically Adjusted Price-to-FCF

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


PepsiCo's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

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

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



PepsiCo 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6372.00/212.99
=29.92

* 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.

PepsiCo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PepsiCo'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)
=-47.576/131.7762*131.7762
=-47.576

Current CPI (Mar. 2024) = 131.7762.

PepsiCo Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 49.847 100.560 65.321
201409 88.498 100.428 116.123
201412 65.436 99.070 87.039
201503 0.000 99.621 0.000
201506 51.324 100.684 67.173
201509 90.496 100.392 118.787
201512 75.710 99.792 99.975
201603 -2.284 100.470 -2.996
201606 61.904 101.688 80.221
201609 83.877 101.861 108.511
201612 65.154 101.863 84.287
201703 -14.050 102.862 -17.999
201706 51.839 103.349 66.098
201709 89.383 104.136 113.108
201712 67.817 104.011 85.920
201803 -46.079 105.290 -57.671
201806 50.159 106.317 62.170
201809 83.910 106.507 103.818
201812 83.283 105.998 103.537
201903 -22.095 107.251 -27.148
201906 28.380 108.070 34.606
201909 81.402 108.329 99.021
201912 65.495 108.420 79.604
202003 -35.039 108.902 -42.399
202006 42.917 108.767 51.996
202009 107.739 109.815 129.285
202012 66.375 109.897 79.590
202103 -34.036 111.754 -40.134
202106 63.593 114.631 73.104
202109 94.907 115.734 108.062
202112 75.038 117.630 84.062
202203 -19.850 121.301 -21.564
202206 30.788 125.017 32.453
202209 96.331 125.227 101.369
202212 53.258 125.222 56.046
202303 -27.890 127.348 -28.860
202306 42.394 128.729 43.398
202309 131.576 129.860 133.518
202312 81.382 129.419 82.864
202403 -47.576 131.776 -47.576

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.


PepsiCo  (UKEX:PEP) 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.


PepsiCo Cyclically Adjusted Price-to-FCF Related Terms

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


PepsiCo (UKEX:PEP) Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.