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Krones AG (WBO:KRN) Cyclically Adjusted Price-to-FCF : 29.00 (As of May. 29, 2024)


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What is Krones AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-29), Krones AG's current share price is €127.60. Krones AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.40. Krones AG's Cyclically Adjusted Price-to-FCF for today is 29.00.

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

WBO:KRN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.41   Med: 43.25   Max: 228.59
Current: 29

During the past years, Krones AG's highest Cyclically Adjusted Price-to-FCF was 228.59. The lowest was 22.41. And the median was 43.25.

WBO:KRN's Cyclically Adjusted Price-to-FCF is ranked better than
56.14% of 1035 companies
in the Industrial Products industry
Industry Median: 33.39 vs WBO:KRN: 29.00

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.

Krones AG's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €5.504. 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 €4.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Krones AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Krones AG'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.

Krones AG Cyclically Adjusted Price-to-FCF Chart

Krones AG 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 90.05 44.23 37.02 27.28 30.49

Krones AG 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 25.73 29.70 26.70 30.49 27.80

Competitive Comparison of Krones AG's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Krones AG'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.


Krones AG's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Krones AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Krones AG 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=127.60/4.4
=29.00

* 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.

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

For example, Krones AG'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)
=5.504/125.0381*125.0381
=5.504

Current CPI (Mar. 2024) = 125.0381.

Krones AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.742 99.543 0.932
201409 1.477 99.823 1.850
201412 3.924 99.543 4.929
201503 -1.659 99.717 -2.080
201506 1.458 100.417 1.815
201509 -0.869 100.417 -1.082
201512 3.371 99.717 4.227
201603 -3.703 100.017 -4.629
201606 -1.261 100.717 -1.566
201609 -0.351 101.017 -0.434
201612 7.920 101.217 9.784
201703 -2.590 101.417 -3.193
201706 -1.563 102.117 -1.914
201709 -2.658 102.717 -3.236
201712 2.392 102.617 2.915
201803 -0.366 102.917 -0.445
201806 -1.296 104.017 -1.558
201809 -2.783 104.718 -3.323
201812 8.692 104.217 10.429
201903 -4.322 104.217 -5.185
201906 -2.861 105.718 -3.384
201909 -0.984 106.018 -1.161
201912 5.880 105.818 6.948
202003 -0.569 105.718 -0.673
202006 -1.579 106.618 -1.852
202009 0.304 105.818 0.359
202012 8.953 105.518 10.609
202103 0.850 107.518 0.989
202106 0.003 108.486 0.003
202109 2.598 109.435 2.968
202112 3.852 110.384 4.363
202203 2.385 113.968 2.617
202206 -0.943 115.760 -1.019
202209 1.825 118.818 1.921
202212 8.146 119.345 8.535
202303 -0.681 122.402 -0.696
202306 -3.872 123.140 -3.932
202309 -1.555 124.195 -1.566
202312 5.319 123.773 5.373
202403 5.504 125.038 5.504

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.


Krones AG  (WBO:KRN) 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.


Krones AG Cyclically Adjusted Price-to-FCF Related Terms

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


Krones AG (WBO:KRN) Business Description

Industry
Traded in Other Exchanges
Address
Bohmerwaldstrasse 5, Neutraubling, BY, DEU, 93073
Krones AG offers machinery and systems for filling, packaging, and producing beverages. Part of its product portfolio is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. Krones has two reportable segments: product filling and decoration, which is the highest revenue segment, and machines and lines for beverage production and process technology segment. Its customer base includes companies in the beverage, food, chemical, pharmaceutical, and cosmetic industries, but beverage companies account the Krones' revenue. While the company has a presence, Germany remains the central location for the development of machines, lines, and services.

Krones AG (WBO:KRN) Headlines

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