AAK AB (CHIX:AAKS) Cyclically Adjusted FCF per Share: kr3.29 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:AAKS AAK AB CHIX:AAKS
79 GF Score
Price kr202.30
GF Value kr253.67
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is AAK AB Cyclically Adjusted FCF per Share?

AAK AB CHIX:AAKS 79 Cyclically Adjusted FCF per Share is kr3.29 as of Jun. 2026. GuruFocus rates CHIX:AAKS with a GF Score™ of 79/100 and a GF Value™ of kr253.67 (Modestly Undervalued). The stock has 2 warning signs investors should review.

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.

AAK AB's adjusted free cash flow per share for the three months ended in Jun. 2026 was kr2.599. 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 kr3.29 for the trailing ten years ended in Jun. 2026.

During the past 12 months, AAK AB's average Cyclically Adjusted FCF Growth Rate was 20.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.80% 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 AAK AB was 8.10% per year. The lowest was -10.70% per year. And the median was -2.75% per year.

As of today (2026-07-23), AAK AB's current stock price is kr202.30. AAK AB's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was kr3.29. AAK AB's Cyclically Adjusted Price-to-FCF of today is 61.49.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AAK AB was 102.55. The lowest was 31.52. And the median was 64.75.


AAK AB  (CHIX:AAKs) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=202.30/3.29
=61.49

* 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 AAK AB was 102.55. The lowest was 31.52. And the median was 64.75.


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.


AAK AB Cyclically Adjusted FCF per Share Related Terms


AAK AB Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for AAK AB'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.

AAK AB Cyclically Adjusted FCF per Share Chart

AAK AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.98 3.09 2.66

AAK AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.88 2.83 2.66 3.16 3.29

CHIX:AAKS vs KHC, GIS: Cyclically Adjusted FCF per Share Comparison

For the Packaged Foods subindustry, AAK AB'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.


AAK AB Cyclically Adjusted Price-to-FCF vs Consumer Packaged Goods Industry

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

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


CHIX:AAKS
79GF Score
AAK AB CHIX:AAKS
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AAK AB 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, AAK AB's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.599/134.1100*134.1100
=2.599

Current CPI (Jun. 2026) = 134.1100.

AAK AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -1.576 101.138 -2.090
201612 2.041 102.022 2.683
201703 -2.215 102.022 -2.912
201706 -0.098 102.752 -0.128
201709 1.245 103.279 1.617
201712 2.179 103.793 2.815
201803 -2.073 103.962 -2.674
201806 0.871 104.875 1.114
201809 1.435 105.679 1.821
201812 1.206 105.912 1.527
201903 1.051 105.886 1.331
201906 0.920 106.742 1.156
201909 -0.376 107.214 -0.470
201912 1.358 107.766 1.690
202003 -0.336 106.563 -0.423
202006 0.338 107.498 0.422
202009 1.206 107.635 1.503
202012 3.811 108.296 4.719
202103 -0.203 108.360 -0.251
202106 0.343 108.928 0.422
202109 -0.661 110.338 -0.803
202112 0.093 112.486 0.111
202203 -5.323 114.825 -6.217
202206 -0.836 118.384 -0.947
202209 -1.172 122.296 -1.285
202212 2.238 126.365 2.375
202303 3.140 127.042 3.315
202306 5.304 129.407 5.497
202309 3.589 130.224 3.696
202312 3.626 131.912 3.686
202403 1.743 132.205 1.768
202406 2.670 132.716 2.698
202409 0.778 132.304 0.789
202412 -0.939 132.987 -0.947
202503 -2.932 132.825 -2.960
202506 0.603 133.699 0.605
202509 0.845 133.480 0.849
202512 -0.207 133.390 -0.208
202603 4.239 133.560 4.256
202606 2.599 134.110 2.599

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

What does a Cyclically Adjusted FCF per Share of kr3.29 mean?
AAK AB (CHIX:AAKS) has a Cyclically Adjusted FCF per Share of kr3.29 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on AAK AB and its competitors.
Is AAK AB's Cyclically Adjusted FCF per Share too high?
AAK AB's current Cyclically Adjusted FCF per Share is kr3.29. Overall, AAK AB has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AAK AB's Cyclically Adjusted FCF per Share compare to KHC and GIS?
AAK AB's Cyclically Adjusted FCF per Share of kr3.29 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Consumer Packaged Goods company?
A good Cyclically Adjusted FCF per Share depends on the Consumer Packaged Goods industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on AAK AB and its competitors. AAK AB's current Cyclically Adjusted FCF per Share is kr3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AAK AB stock overvalued right now?
Based on GuruFocus' analysis, AAK AB (CHIX:AAKS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr253.67, compared to a current price of kr202.30 — trading 20.3% below its estimated fair value. The current Cyclically Adjusted FCF per Share is kr3.29. AAK AB's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For AAK AB (CHIX:AAKS), the current Cyclically Adjusted FCF per Share is kr3.29 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AAK AB (CHIX:AAKS) Overvalued in 2026?

Based on GuruFocus' analysis, AAK AB stock appears to be undervalued. The current stock price of kr202.30 is trading 20.3% below its estimated GF Value™ of kr253.67. GuruFocus considers AAK AB to be Modestly Undervalued.

Key valuation signals for CHIX:AAKS:

  • Cyclically Adjusted FCF per Share: kr3.29
  • GF Value™: kr253.67 vs. price of kr202.30 (20.3% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the CHIX:AAKS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AAK AB Business Description

Address Pulpetgatan 20, Malmo, SWE, 215 37
AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food Ingredients, Chocolate & Confectionery Fats, and Technical Products & Feed. The Food Ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. The Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. A majority of its revenue is generated from the Food Ingredients segment.
79GF Score

Get the complete analysis for CHIX:AAKS

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr202.30
Price
kr253.67
GF Value