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Coca-Cola Co (Coca-Cola Co) Cyclically Adjusted Price-to-FCF : 28.06 (As of Apr. 27, 2024)


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What is Coca-Cola Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Coca-Cola Co's current share price is $61.74. Coca-Cola Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.20. Coca-Cola Co's Cyclically Adjusted Price-to-FCF for today is 28.06.

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

KO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.89   Med: 27.83   Max: 34.36
Current: 28.06

During the past years, Coca-Cola Co's highest Cyclically Adjusted Price-to-FCF was 34.36. The lowest was 21.89. And the median was 27.83.

KO's Cyclically Adjusted Price-to-FCF is ranked worse than
62.75% of 51 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 21.17 vs KO: 28.06

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.

Coca-Cola Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.420. 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 $2.20 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Coca-Cola Co'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.

Coca-Cola Co Cyclically Adjusted Price-to-FCF Chart

Coca-Cola Co 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 31.56 30.60 29.48 29.77 26.78

Coca-Cola Co 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 29.77 28.57 27.30 25.20 26.78

Competitive Comparison of Coca-Cola Co's Cyclically Adjusted Price-to-FCF

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co'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.


Coca-Cola Co's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

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

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



Coca-Cola Co 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.

Coca-Cola Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=61.74/2.2
=28.06

* 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.

Coca-Cola Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Coca-Cola Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.42/129.4194*129.4194
=0.420

Current CPI (Dec. 2023) = 129.4194.

Coca-Cola Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.138 99.695 0.179
201406 0.634 100.560 0.816
201409 0.657 100.428 0.847
201412 0.416 99.070 0.543
201503 0.239 99.621 0.310
201506 0.668 100.684 0.859
201509 0.617 100.392 0.795
201512 0.286 99.792 0.371
201603 0.016 100.470 0.021
201606 0.609 101.688 0.775
201609 0.556 101.861 0.706
201612 0.315 101.863 0.400
201703 0.074 102.862 0.093
201706 0.506 103.349 0.634
201709 0.500 104.136 0.621
201712 0.144 104.011 0.179
201803 0.089 105.290 0.109
201806 0.376 106.317 0.458
201809 0.616 106.507 0.749
201812 0.334 105.998 0.408
201903 0.093 107.251 0.112
201906 0.774 108.070 0.927
201909 0.655 108.329 0.783
201912 0.428 108.420 0.511
202003 0.053 108.902 0.063
202006 0.468 108.767 0.557
202009 0.743 109.815 0.876
202012 0.741 109.897 0.873
202103 0.328 111.754 0.380
202106 0.843 114.631 0.952
202109 0.789 115.734 0.882
202112 0.633 117.630 0.696
202203 0.093 121.301 0.099
202206 0.839 125.017 0.869
202209 0.744 125.227 0.769
202212 0.516 125.222 0.533
202303 -0.027 127.348 -0.027
202306 0.951 128.729 0.956
202309 0.902 129.860 0.899
202312 0.420 129.419 0.420

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.


Coca-Cola Co  (NYSE:KO) 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.


Coca-Cola Co Cyclically Adjusted Price-to-FCF Related Terms

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


Coca-Cola Co (Coca-Cola Co) Business Description

Address
One Coca-Cola Plaza, Atlanta, GA, USA, 30313
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenues overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.
Executives
James Quincey other: Group President THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Henrique Braun other: Operating Unit President C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Beatriz R Perez officer: Senior Vice President ONE COCA-COLA PLAZA, ATLANTA GA 30313
Monica Howard Douglas officer: SVP & General Counsel 535 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
John Murphy other: Group President THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Thomas Sinnickson Gayner director C/O MARKEL CORP, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Amity Millhiser director C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Manuel Arroyo other: Group President THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Nikolaos Koumettis other: Group President THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Nancy Quan officer: Senior Vice President THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Erin L May officer: Vice President & Controller C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Bruno Pietracci other: President, Latin America OU C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Brian John Smith other: Group President THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Mark Randazza officer: Principal Accounting Officer THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Allen Herbert A Iii director ALLEN & COMPANY LLC, 711 FIFTH AVENUE, NEW YORK NY 10022

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