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JBS (JBSAY) Cyclically Adjusted FCF per Share : $1.14 (As of Dec. 2023)


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What is JBS 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.

JBS's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.945. 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 $1.14 for the trailing ten years ended in Dec. 2023.

During the past 12 months, JBS's average Cyclically Adjusted FCF Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 58.70% 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 JBS was 174.80% per year. The lowest was 19.00% per year. And the median was 80.90% per year.

As of today (2024-04-28), JBS's current stock price is $8.93. JBS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.14. JBS's Cyclically Adjusted Price-to-FCF of today is 7.83.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of JBS was 320.33. The lowest was 6.84. And the median was 18.28.


JBS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for JBS'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.

JBS Cyclically Adjusted FCF per Share Chart

JBS 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 0.37 0.64 0.84 0.99 1.14

JBS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.99 0.93 1.02 1.00 1.14

Competitive Comparison of JBS's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, JBS'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.


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

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

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



JBS 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, JBS'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)
=0.945/156.2729*156.2729
=0.945

Current CPI (Dec. 2023) = 156.2729.

JBS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.064 90.447 -0.111
201406 -0.194 91.838 -0.330
201409 0.629 92.602 1.061
201412 1.035 94.194 1.717
201503 0.805 97.799 1.286
201506 -0.553 100.006 -0.864
201509 0.171 101.392 0.264
201512 -0.142 104.247 -0.213
201603 -0.382 106.979 -0.558
201606 -0.382 108.851 -0.548
201609 0.098 109.986 0.139
201612 0.720 110.802 1.015
201703 -0.240 111.869 -0.335
201706 0.011 112.115 0.015
201709 0.485 112.777 0.672
201712 0.206 114.068 0.282
201803 -0.267 114.868 -0.363
201806 0.359 117.038 0.479
201809 0.465 117.881 0.616
201812 0.296 118.340 0.391
201903 -0.170 120.124 -0.221
201906 0.667 120.977 0.862
201909 0.642 121.292 0.827
201912 0.628 123.436 0.795
202003 -0.093 124.092 -0.117
202006 1.319 123.557 1.668
202009 0.639 125.095 0.798
202012 0.703 129.012 0.852
202103 -0.479 131.660 -0.569
202106 0.431 133.871 0.503
202109 0.921 137.913 1.044
202112 0.884 141.992 0.973
202203 -0.514 146.537 -0.548
202206 0.109 149.784 0.114
202209 0.541 147.800 0.572
202212 0.231 150.207 0.240
202303 -1.084 153.352 -1.105
202306 0.283 154.519 0.286
202309 0.639 155.464 0.642
202312 0.945 156.273 0.945

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


JBS  (OTCPK:JBSAY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=8.93/1.14
=7.83

* 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 JBS was 320.33. The lowest was 6.84. And the median was 18.28.


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.


JBS Cyclically Adjusted FCF per Share Related Terms

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


JBS (JBSAY) Business Description

Traded in Other Exchanges
Address
Avenue Marginal Direita do Tiete, 500, Bloco 3, Vila Jaguara, Sao Paulo, SP, BRA, 05118-100
JBS SA is an international company involved in beef, lamb, and poultry processing. It is originally from Brazil. JBS is one of the world's exporters of animal protein, selling to more than 150 countries. Sales offices are in Brazil, the United States, Australia, Canada, Argentina, Uruguay, Paraguay, Mexico, Italy, Ireland, the United Kingdom, France, the Netherlands, China, and Russia, among others. The company also sells hygiene and cleaning products, collagen, metal packaging, and biodiesel, among others.

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