The Dividend Champions Are Not 'Fair To Cheap'

A recent article from Ploutos, titled Forward P/E Says Stocks Now Fair To Cheap, used Bloomberg estimates for the next four quarters and compared it to historic data from January 1990.
I had a problem with this and commented saying so, though my opinion is kind of worthless without data to back it up right? This article is the result of me believing it to not be the case, and having to do the work to prove it. Most of you could argue that because I’m using a different dataset, it doesn’t disprove Ploutos article. In my defense most of the 69 companies are actually in the SP 500, are of the highest quality to an investor, and if we get an average free-cash-flow of 16.66 or below we can agree to his statement.
If you’re a passive investor who uses indexes like the Vanguard S&P 500 ETF (NYSE: VOO) or the SPDR S&P 500 Trust ETF (NYSE: SPY), then you wouldn’t care too much about its forward price-to-earnings as you would most likely be averaging using a monthly order. However, it’s interesting for people like myself, who use a hands-on approach as we’re looking for stocks that actually ARE cheap that could outperform the S&P 500.
Before looking at the data below, be aware there are no financials, energy or utility stocks in the list due to erratic earnings from a year to year basis.
Company Name Ticker Industry Yrs Price CapFlow CROIC FCF Yield Score FCF PS P/FCF FV Price Fw Div Yield 3M Company MMM Conglomerate 60 $214.33 22%... Read more