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CBCFF (CALBEE) Cyclically Adjusted FCF per Share : $0.46 (As of Sep. 2024)


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What is CALBEE 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.

CALBEE's adjusted free cash flow per share for the three months ended in Sep. 2024 was $0.420. 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 $0.46 for the trailing ten years ended in Sep. 2024.

During the past 12 months, CALBEE's average Cyclically Adjusted FCF Growth Rate was -10.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -8.60% 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 CALBEE was -8.60% per year. The lowest was -8.60% per year. And the median was -8.60% per year.

As of today (2025-01-19), CALBEE's current stock price is $23.00. CALBEE's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $0.46. CALBEE's Cyclically Adjusted Price-to-FCF of today is 50.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CALBEE was 52.41. The lowest was 23.75. And the median was 32.23.


CALBEE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CALBEE'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.

CALBEE Cyclically Adjusted FCF per Share Chart

CALBEE Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.93 0.82 0.69 0.46

CALBEE Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.63 0.56 0.46 0.50 0.46

Competitive Comparison of CALBEE's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, CALBEE'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.


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

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

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



CALBEE 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, CALBEE's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.42/108.9000*108.9000
=0.420

Current CPI (Sep. 2024) = 108.9000.

CALBEE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.556 97.900 -0.618
201503 0.737 97.900 0.820
201506 -0.301 98.400 -0.333
201509 0.076 98.500 0.084
201512 -0.657 98.100 -0.729
201603 1.044 97.900 1.161
201606 0.182 98.100 0.202
201609 0.178 98.000 0.198
201612 -0.841 98.400 -0.931
201703 1.605 98.100 1.782
201706 -0.131 98.500 -0.145
201709 -0.660 98.800 -0.727
201712 -0.303 99.400 -0.332
201803 1.035 99.200 1.136
201806 0.155 99.200 0.170
201809 0.247 99.900 0.269
201812 -0.165 99.700 -0.180
201903 0.953 99.700 1.041
201906 0.224 99.800 0.244
201909 1.237 100.100 1.346
201912 -0.942 100.500 -1.021
202003 1.679 100.300 1.823
202006 0.281 99.900 0.306
202009 0.408 99.900 0.445
202012 -1.092 99.300 -1.198
202103 1.684 99.900 1.836
202106 0.082 99.500 0.090
202109 0.315 100.100 0.343
202112 -1.356 100.100 -1.475
202203 1.523 101.100 1.641
202206 0.118 101.800 0.126
202209 0.075 103.100 0.079
202212 -1.308 104.100 -1.368
202303 0.702 104.400 0.732
202306 0.078 105.200 0.081
202309 -0.300 106.200 -0.308
202312 -1.000 106.800 -1.020
202403 0.817 107.200 0.830
202406 -0.176 108.200 -0.177
202409 0.420 108.900 0.420

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


CALBEE  (OTCPK:CBCFF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.00/0.46
=50.00

* 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 CALBEE was 52.41. The lowest was 23.75. And the median was 32.23.


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.


CALBEE Cyclically Adjusted FCF per Share Related Terms

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


CALBEE Business Description

Traded in Other Exchanges
Address
1-8-3 Marunouchi, Chiyoda-ku, 22nd Floor, Marunouchi Trust Tower Main, Tokyo, JPN, 100-0005
Calbee, listed in 2011, is a leader in Japan's snack food industry with nearly 54% of the domestic market. Potato snacks, including chips and the company's original Jagarico and Jagabee potato strips, are a core strength, demonstrated by a dominant 71% share in potato chips. Growth in the Frugra brand, the best-selling cereal product with a 38% share in the domestic cereal market, is the latest growth driver in China. The overseas business, constituting 16% of group sales, has been undergoing restructuring since the partnership with Tingyi and PepsiCo unwound. Apart from China and the U.S., Indonesia and the U.K. are emerging as new growth drivers. Easing competition should end losses in Indonesia while the integration of Calbee U.K. and Seabrook will enhance cost efficiencies.

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