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Jeronimo Martins SGPS (FRA:JEM) Cyclically Adjusted FCF per Share : €1.31 (As of Sep. 2024)


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What is Jeronimo Martins SGPS 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.

Jeronimo Martins SGPS's adjusted free cash flow per share for the three months ended in Sep. 2024 was €0.286. 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 €1.31 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Jeronimo Martins SGPS's average Cyclically Adjusted FCF Growth Rate was -1.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.80% per year. During the past 5 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 Jeronimo Martins SGPS was 10.40% per year. The lowest was 7.60% per year. And the median was 9.80% per year.

As of today (2024-12-11), Jeronimo Martins SGPS's current stock price is €18.52. Jeronimo Martins SGPS's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €1.31. Jeronimo Martins SGPS's Cyclically Adjusted Price-to-FCF of today is 14.14.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Jeronimo Martins SGPS was 20.89. The lowest was 11.31. And the median was 15.75.


Jeronimo Martins SGPS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Jeronimo Martins SGPS'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.

Jeronimo Martins SGPS Cyclically Adjusted FCF per Share Chart

Jeronimo Martins SGPS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 1.00 1.12 1.29 1.31

Jeronimo Martins SGPS 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 1.30 1.31 1.35 1.33 1.31

Competitive Comparison of Jeronimo Martins SGPS's Cyclically Adjusted FCF per Share

For the Food Distribution subindustry, Jeronimo Martins SGPS'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.


Jeronimo Martins SGPS's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Jeronimo Martins SGPS 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, Jeronimo Martins SGPS'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)
=0.286/121.5743*121.5743
=0.286

Current CPI (Sep. 2024) = 121.5743.

Jeronimo Martins SGPS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.467 99.723 0.569
201503 0.095 100.097 0.115
201506 0.283 100.769 0.341
201509 0.462 100.489 0.559
201512 0.529 100.119 0.642
201603 -0.033 100.547 -0.040
201606 0.188 101.319 0.226
201609 0.243 101.122 0.292
201612 0.247 100.998 0.297
201703 -0.320 101.924 -0.382
201706 0.254 102.240 0.302
201709 0.195 102.527 0.231
201712 0.265 102.479 0.314
201803 -0.134 102.626 -0.159
201806 -0.090 103.790 -0.105
201809 0.190 103.960 0.222
201812 0.281 103.159 0.331
201903 0.156 103.495 0.183
201906 0.430 104.192 0.502
201909 0.483 103.844 0.565
201912 0.389 103.592 0.457
202003 -0.012 103.544 -0.014
202006 0.154 104.323 0.179
202009 0.685 103.699 0.803
202012 0.660 103.354 0.776
202103 0.137 104.014 0.160
202106 0.362 104.852 0.420
202109 0.577 105.232 0.667
202112 0.738 106.191 0.845
202203 -0.135 109.559 -0.150
202206 0.684 114.003 0.729
202209 0.476 114.999 0.503
202212 0.901 116.377 0.941
202303 -0.172 117.701 -0.178
202306 0.387 117.872 0.399
202309 0.762 119.111 0.778
202312 0.349 118.032 0.359
202403 0.002 120.396 0.002
202406 -0.061 121.165 -0.061
202409 0.286 121.574 0.286

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


Jeronimo Martins SGPS  (FRA:JEM) 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.

Jeronimo Martins SGPS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18.52/1.31
=14.14

* 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 Jeronimo Martins SGPS was 20.89. The lowest was 11.31. And the median was 15.75.


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.


Jeronimo Martins SGPS Cyclically Adjusted FCF per Share Related Terms

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


Jeronimo Martins SGPS Business Description

Traded in Other Exchanges
Address
Rua Actor Antonio Silva, No. 7, Lisboa, PRT, 1649-033
Jeronimo Martins SGPS SA operates in food distribution, agribusiness, and other businesses. The food distribution business is the group's main activity, which consists of retail and wholesale operations under the brand's Pingo Doce and Recheio in Portugal, Poland, and Colombia. The group has five segments. Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets), Portugal Cash & Carry: includes the wholesale business unit Recheio, Poland Retail: the business unit which operates under the Biedronka banner, Colombia Retail: the business unit which operates under Ara banner, & Others, eliminations and adjustments. The majority of revenue is derived from the Poland retail segment.

Jeronimo Martins SGPS Headlines

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