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International Flavors & Fragrances (BUE:IFF) Cyclically Adjusted FCF per Share : ARS397.51 (As of Mar. 2024)


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What is International Flavors & Fragrances Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

International Flavors & Fragrances's adjusted free cash flow per share for the three months ended in Mar. 2024 was ARS-125.059. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ARS397.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, International Flavors & Fragrances's average Cyclically Adjusted FCF Growth Rate was -0.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of International Flavors & Fragrances was 10.60% per year. The lowest was 0.20% per year. And the median was 4.30% per year.

As of today (2024-05-14), International Flavors & Fragrances's current stock price is ARS8646.50. International Flavors & Fragrances's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS397.51. International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF of today is 21.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of International Flavors & Fragrances was 47.11. The lowest was 14.32. And the median was 36.71.


International Flavors & Fragrances Cyclically Adjusted FCF per Share Historical Data

The historical data trend for International Flavors & Fragrances's Cyclically Adjusted FCF per Share 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.

International Flavors & Fragrances Cyclically Adjusted FCF per Share Chart

International Flavors & Fragrances Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.82 2.27 1.91 123.52 358.91

International Flavors & Fragrances Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 150.13 189.48 299.62 358.91 397.51

Competitive Comparison of International Flavors & Fragrances's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, International Flavors & Fragrances'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.


International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF falls into.



International Flavors & Fragrances Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, International Flavors & Fragrances'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)
=-125.059/129.4194*129.4194
=-125.059

Current CPI (Mar. 2024) = 129.4194.

International Flavors & Fragrances Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 18.485 100.560 23.790
201409 26.008 100.428 33.516
201412 32.713 99.070 42.735
201503 2.628 99.621 3.414
201506 26.028 100.684 33.456
201509 23.217 100.392 29.930
201512 44.498 99.792 57.709
201603 6.360 100.470 8.193
201606 38.994 101.688 49.628
201609 53.220 101.861 67.619
201612 60.475 101.863 76.835
201703 -3.171 102.862 -3.990
201706 8.289 103.349 10.380
201709 48.755 104.136 60.593
201712 67.132 104.011 83.531
201803 -22.587 105.290 -27.763
201806 20.283 106.317 24.690
201809 100.767 106.507 122.445
201812 110.700 105.998 135.160
201903 -7.155 107.251 -8.634
201906 60.325 108.070 72.243
201909 148.514 108.329 177.427
201912 255.317 108.420 304.768
202003 -35.154 108.902 -41.777
202006 192.168 108.767 228.656
202009 212.300 109.815 250.200
202012 329.803 109.897 388.391
202103 231.759 111.754 268.393
202106 199.119 114.631 224.806
202109 266.115 115.734 297.582
202112 126.733 117.630 139.435
202203 -116.214 121.301 -123.992
202206 -142.508 125.017 -147.527
202209 143.854 125.227 148.671
202212 63.115 125.222 65.231
202303 -74.372 127.348 -75.582
202306 250.353 128.729 251.696
202309 874.875 129.860 871.910
202312 1,503.459 129.419 1,503.459
202403 -125.059 129.419 -125.059

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


International Flavors & Fragrances  (BUE:IFF) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=8646.50/397.51
=21.75

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of International Flavors & Fragrances was 47.11. The lowest was 14.32. And the median was 36.71.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


International Flavors & Fragrances Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of International Flavors & Fragrances's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


International Flavors & Fragrances (BUE:IFF) Business Description

Address
521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.