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Mead Johnson Nutrition Co (FRA:0MJA) Cyclically Adjusted FCF per Share : €0.00 (As of Mar. 2017)


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What is Mead Johnson Nutrition Co 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.

Mead Johnson Nutrition Co's adjusted free cash flow per share for the three months ended in Mar. 2017 was €0.752. 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 €0.00 for the trailing ten years ended in Mar. 2017.

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.

As of today (2024-06-18), Mead Johnson Nutrition Co's current stock price is €79.68. Mead Johnson Nutrition Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2017 was €0.00. Mead Johnson Nutrition Co's Cyclically Adjusted Price-to-FCF of today is .


Mead Johnson Nutrition Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mead Johnson Nutrition Co'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.

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Mead Johnson Nutrition Co Cyclically Adjusted FCF per Share Chart

Mead Johnson Nutrition Co Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted FCF per Share
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Mead Johnson Nutrition Co Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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Competitive Comparison of Mead Johnson Nutrition Co's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Mead Johnson Nutrition 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.


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

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

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



Mead Johnson Nutrition Co 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, Mead Johnson Nutrition Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2017 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=0.752/102.8622*102.8622
=0.752

Current CPI (Mar. 2017) = 102.8622.

Mead Johnson Nutrition Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200612 0.000 85.142 0.000
200709 0.000 87.964 0.000
200712 0.000 88.616 0.000
200803 0.425 90.090 0.485
200806 0.402 92.320 0.448
200809 0.471 92.307 0.525
200812 0.325 88.697 0.377
200903 0.302 89.744 0.346
200906 0.718 91.003 0.812
200909 0.259 91.120 0.292
200912 0.414 91.111 0.467
201003 0.313 91.821 0.351
201006 0.079 91.962 0.088
201009 0.372 92.162 0.415
201012 0.498 92.474 0.554
201103 0.578 94.283 0.631
201106 0.256 95.235 0.277
201109 0.500 95.727 0.537
201112 0.517 95.213 0.559
201203 -0.041 96.783 -0.044
201206 0.889 96.819 0.944
201209 0.521 97.633 0.549
201212 0.800 96.871 0.849
201303 0.495 98.209 0.518
201306 0.568 98.518 0.593
201309 0.486 98.790 0.506
201312 0.545 98.326 0.570
201403 0.480 99.695 0.495
201406 0.271 100.560 0.277
201409 0.809 100.428 0.829
201412 0.744 99.070 0.772
201503 1.040 99.621 1.074
201506 0.650 100.684 0.664
201509 0.474 100.392 0.486
201512 1.221 99.792 1.259
201603 0.503 100.470 0.515
201606 0.432 101.688 0.437
201609 0.988 101.861 0.998
201612 0.731 101.863 0.738
201703 0.752 102.862 0.752

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


Mead Johnson Nutrition Co  (FRA:0MJA) 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.


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.


Mead Johnson Nutrition Co Cyclically Adjusted FCF per Share Related Terms

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Mead Johnson Nutrition Co (FRA:0MJA) Business Description

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Mead Johnson Nutrition makes, distributes, and markets pediatric nutrition products worldwide under a variety of brands, including Enfamil, its largest label, along with Sustagen, Enfagrow, and Nutramigen. Infant formula represented 59% of 2015 sales and children's nutrition 39%, with expectant and nursing mother nutrition and pediatric vitamins comprising the remainder. The company sells its products globally; 73% of sales were generated outside the United States in 2015. At about 30% of revenue, China is the company's largest market.

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