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Flowers Foods (STU:FWF) Cyclically Adjusted FCF per Share : €1.19 (As of Mar. 2024)


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What is Flowers Foods 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.

Flowers Foods's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.311. 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 €1.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Flowers Foods's average Cyclically Adjusted FCF Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 9.30% 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 Flowers Foods was 14.70% per year. The lowest was 6.60% per year. And the median was 8.40% per year.

As of today (2024-05-24), Flowers Foods's current stock price is €21.60. Flowers Foods's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.19. Flowers Foods's Cyclically Adjusted Price-to-FCF of today is 18.15.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Flowers Foods was 46.98. The lowest was 15.80. And the median was 22.29.


Flowers Foods Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Flowers Foods'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.

Flowers Foods Cyclically Adjusted FCF per Share Chart

Flowers Foods 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 0.91 0.89 1.05 1.18 1.18

Flowers Foods 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 1.16 1.16 1.23 1.18 1.19

Competitive Comparison of Flowers Foods's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Flowers Foods'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.


Flowers Foods's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Flowers Foods's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Flowers Foods 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, Flowers Foods'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)
=0.311/131.7762*131.7762
=0.311

Current CPI (Mar. 2024) = 131.7762.

Flowers Foods Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.103 100.560 0.135
201409 0.123 100.428 0.161
201412 0.265 99.070 0.352
201503 0.406 99.621 0.537
201506 0.322 100.684 0.421
201509 0.183 100.392 0.240
201512 0.110 99.792 0.145
201603 0.400 100.470 0.525
201606 0.250 101.688 0.324
201609 0.277 101.861 0.358
201612 0.165 101.863 0.213
201703 0.287 102.862 0.368
201706 0.324 103.349 0.413
201709 0.127 104.136 0.161
201712 0.198 104.011 0.251
201803 0.271 105.290 0.339
201806 0.115 106.317 0.143
201809 0.235 106.507 0.291
201812 0.163 105.998 0.203
201903 0.315 107.251 0.387
201906 0.356 108.070 0.434
201909 0.201 108.329 0.245
201912 0.237 108.420 0.288
202003 0.361 108.902 0.437
202006 0.605 108.767 0.733
202009 0.268 109.815 0.322
202012 0.233 109.897 0.279
202103 0.279 111.754 0.329
202106 0.328 114.631 0.377
202109 0.253 115.734 0.288
202112 -0.351 117.630 -0.393
202203 0.314 121.301 0.341
202206 0.055 125.017 0.058
202209 0.365 125.227 0.384
202212 0.127 125.222 0.134
202303 0.105 127.348 0.109
202306 0.158 128.729 0.162
202309 0.442 129.860 0.449
202312 0.258 129.419 0.263
202403 0.311 131.776 0.311

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


Flowers Foods  (STU:FWF) 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.

Flowers Foods's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=21.60/1.19
=18.15

* 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 Flowers Foods was 46.98. The lowest was 15.80. And the median was 22.29.


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.


Flowers Foods Cyclically Adjusted FCF per Share Related Terms

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


Flowers Foods (STU:FWF) Business Description

Traded in Other Exchanges
Address
1919 Flowers Circle, Thomasville, GA, USA, 31757
Flowers Foods Inc is an American company producing bakery food for retail and foodservice across the United States. The product portfolio includes fresh breads, buns, rolls, snack cakes, and tortillas. The company distributes to supermarkets, convenience stores, and restaurants. The key brands are Nature's Own, Whitewheat, Cobblestone Bread, Wonder, Dave's Killer Bread, Canyon Bakehouse, Mrs. Freshley's, and Tastykake.

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