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Kellanova Co (Kellanova Co) Cyclically Adjusted Price-to-FCF : 18.39 (As of Apr. 27, 2024)


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

As of today (2024-04-27), Kellanova Co's current share price is $57.73. Kellanova Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.14. Kellanova Co's Cyclically Adjusted Price-to-FCF for today is 18.39.

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

K' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.68   Med: 21.78   Max: 27.01
Current: 18.6

During the past years, Kellanova Co's highest Cyclically Adjusted Price-to-FCF was 27.01. The lowest was 15.68. And the median was 21.78.

K's Cyclically Adjusted Price-to-FCF is ranked better than
58.82% of 697 companies
in the Consumer Packaged Goods industry
Industry Median: 23.47 vs K: 18.60

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.

Kellanova Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.216. 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 $3.14 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kellanova Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kellanova 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.

Kellanova Co Cyclically Adjusted Price-to-FCF Chart

Kellanova Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.21 20.31 19.64 21.04 17.79

Kellanova 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 21.04 19.83 19.84 17.54 17.79

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

For the Packaged Foods subindustry, Kellanova 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.


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

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

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



Kellanova 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=57.73/3.14
=18.39

* 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.

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

For example, Kellanova 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)
=0.216/129.4194*129.4194
=0.216

Current CPI (Dec. 2023) = 129.4194.

Kellanova Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.472 99.695 0.613
201406 0.710 100.560 0.914
201409 1.094 100.428 1.410
201412 1.090 99.070 1.424
201503 0.034 99.621 0.044
201506 0.876 100.684 1.126
201509 0.722 100.392 0.931
201512 1.567 99.792 2.032
201603 -0.392 100.470 -0.505
201606 1.520 101.688 1.935
201609 0.695 101.861 0.883
201612 0.336 101.863 0.427
201703 -0.463 102.862 -0.583
201706 -0.034 103.349 -0.043
201709 -0.023 104.136 -0.029
201712 0.247 104.011 0.307
201803 0.276 105.290 0.339
201806 0.233 106.317 0.284
201809 1.032 106.507 1.254
201812 1.203 105.998 1.469
201903 -0.227 107.251 -0.274
201906 0.891 108.070 1.067
201909 0.769 108.329 0.919
201912 0.292 108.420 0.349
202003 0.811 108.902 0.964
202006 1.374 108.767 1.635
202009 1.486 109.815 1.751
202012 0.623 109.897 0.734
202103 0.180 111.754 0.208
202106 0.945 114.631 1.067
202109 1.023 115.734 1.144
202112 1.189 117.630 1.308
202203 0.553 121.301 0.590
202206 1.020 125.017 1.056
202209 0.849 125.227 0.877
202212 0.959 125.222 0.991
202303 0.212 127.348 0.215
202306 0.672 128.729 0.676
202309 1.707 129.860 1.701
202312 0.216 129.419 0.216

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.


Kellanova Co  (NYSE:K) 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.


Kellanova Co Cyclically Adjusted Price-to-FCF Related Terms

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


Kellanova Co (Kellanova Co) Business Description

Address
412 N. Wells Street, Chicago, IL, USA, 60654
Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base.
Executives
Kellogg W K Foundation Trust 10 percent owner 50 S. LA SALLE ST., B-10, CHICAGO IL 60603
John Min officer: Chief Legal Officer ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Christopher M Hood officer: Senior Vice President ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Kris Bahner officer: SVP-Chief Global Corp Affairs ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Nicolas Amaya officer: Senior Vice President ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Charisse Ford Hughes officer: Senior Vice President C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Gary H Pilnick officer: Senior Vice President
Kurt D Forche officer: VP-Corporate Controller ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Amit Banati officer: Senior Vice President ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Rodrigo Lance officer: Senior Vice President ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Alistair D Hirst officer: SVP - Global Supply Chain ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
J Michael Schlotman director 1014 VINE ST, CINCINNATI OH 45202
Steven A Cahillane director, officer: CEO & President ONE COCA-COLA PLAZA, ATLANTA GA 30313
Shumit Kapoor officer: Senior Vice President ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Maria Fernanda Mejia officer: Senior Vice President ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599

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