GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ajinomoto Co Inc (OTCPK:AJINY) » Definitions » Cyclically Adjusted Price-to-FCF

Ajinomoto Co (Ajinomoto Co) Cyclically Adjusted Price-to-FCF : 51.07 (As of Apr. 27, 2024)


View and export this data going back to . Start your Free Trial

What is Ajinomoto Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Ajinomoto Co's current share price is $37.28. Ajinomoto Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.73. Ajinomoto Co's Cyclically Adjusted Price-to-FCF for today is 51.07.

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

AJINY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.58   Med: 32.43   Max: 66.67
Current: 51.85

During the past years, Ajinomoto Co's highest Cyclically Adjusted Price-to-FCF was 66.67. The lowest was 22.58. And the median was 32.43.

AJINY's Cyclically Adjusted Price-to-FCF is ranked worse than
79.91% of 697 companies
in the Consumer Packaged Goods industry
Industry Median: 23.47 vs AJINY: 51.85

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.

Ajinomoto Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.427. 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 $0.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ajinomoto Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ajinomoto 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.

Ajinomoto Co Cyclically Adjusted Price-to-FCF Chart

Ajinomoto Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.29 27.71 29.64 42.14 51.39

Ajinomoto 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 45.78 51.39 62.23 59.71 52.50

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

For the Packaged Foods subindustry, Ajinomoto 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.


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

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

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



Ajinomoto 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=37.28/0.73
=51.07

* 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.

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

For example, Ajinomoto 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)
=0.427/106.8000*106.8000
=0.427

Current CPI (Dec. 2023) = 106.8000.

Ajinomoto Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.341 95.700 0.381
201406 0.214 98.000 0.233
201409 0.331 98.500 0.359
201412 0.105 97.900 0.115
201503 0.266 97.900 0.290
201506 0.229 98.400 0.249
201509 0.247 98.500 0.268
201512 0.177 98.100 0.193
201603 0.393 97.900 0.429
201606 0.113 98.100 0.123
201609 0.003 98.000 0.003
201612 -0.192 98.400 -0.208
201703 0.441 98.100 0.480
201706 0.021 98.500 0.023
201709 0.036 98.800 0.039
201712 0.169 99.400 0.182
201803 0.568 99.200 0.612
201806 -0.078 99.200 -0.084
201809 0.027 99.900 0.029
201812 0.215 99.700 0.230
201903 0.545 99.700 0.584
201906 0.036 99.800 0.039
201909 -0.010 100.100 -0.011
201912 0.323 100.500 0.343
202003 0.202 100.300 0.215
202006 0.229 99.900 0.245
202009 0.188 99.900 0.201
202012 0.408 99.300 0.439
202103 0.535 99.900 0.572
202106 -0.059 99.500 -0.063
202109 0.215 100.100 0.229
202112 0.446 100.100 0.476
202203 0.441 101.100 0.466
202206 -0.017 101.800 -0.018
202209 0.006 103.100 0.006
202212 0.320 104.100 0.328
202303 0.314 104.400 0.321
202306 -0.056 105.200 -0.057
202309 0.306 106.200 0.308
202312 0.427 106.800 0.427

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.


Ajinomoto Co  (OTCPK:AJINY) 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.


Ajinomoto Co Cyclically Adjusted Price-to-FCF Related Terms

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


Ajinomoto Co (Ajinomoto Co) Business Description

Traded in Other Exchanges
Address
15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315
Ajinomoto is Japan's leading food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to global food manufacturers including Nestle. The food business represents nearly three fourths of group sales and 80%-plus of profits with nearly two thirds generated overseas. Healthcare and function materials (mainly Ajinomoto build-up film, or ABF), the key growth drivers through 2030, make up the balance of its business portfolio. The nonfood businesses are expected to contribute half of the group profits by 2030, boosted by ABF and CDMO growth.