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Marudai Food Co (FRA:MFL) Cyclically Adjusted FCF per Share : €0.64 (As of Mar. 2024)


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What is Marudai Food 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.

Marudai Food Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.323. 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 €0.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Marudai Food Co's average Cyclically Adjusted FCF Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.60% 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 Marudai Food Co was -1.30% per year. The lowest was -3.90% per year. And the median was -3.05% per year.

As of today (2024-06-12), Marudai Food Co's current stock price is €3.48. Marudai Food Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.64. Marudai Food Co's Cyclically Adjusted Price-to-FCF of today is 5.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Marudai Food Co was 7.73. The lowest was 4.58. And the median was 5.52.


Marudai Food Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Marudai Food 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.

* Premium members only.

Marudai Food Co Cyclically Adjusted FCF per Share Chart

Marudai Food Co 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 0.57 0.63 0.72 0.71 0.64

Marudai Food Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.71 0.72 0.60 0.68 0.64

Competitive Comparison of Marudai Food Co's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Marudai Food 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.


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

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

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



Marudai Food 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, Marudai Food Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.323/107.2000*107.2000
=1.323

Current CPI (Mar. 2024) = 107.2000.

Marudai Food Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.452 98.000 0.494
201409 0.508 98.500 0.553
201412 -1.176 97.900 -1.288
201503 1.925 97.900 2.108
201506 0.549 98.400 0.598
201509 1.396 98.500 1.519
201512 -0.799 98.100 -0.873
201603 2.239 97.900 2.452
201606 0.474 98.100 0.518
201609 0.773 98.000 0.846
201612 -0.431 98.400 -0.470
201703 2.000 98.100 2.186
201706 0.278 98.500 0.303
201709 0.287 98.800 0.311
201712 -0.683 99.400 -0.737
201803 1.071 99.200 1.157
201806 0.163 99.200 0.176
201809 0.308 99.900 0.331
201812 -0.135 99.700 -0.145
201903 1.743 99.700 1.874
201906 0.442 99.800 0.475
201909 1.925 100.100 2.062
201912 -1.370 100.500 -1.461
202003 1.871 100.300 2.000
202006 0.093 99.900 0.100
202009 0.572 99.900 0.614
202012 -0.465 99.300 -0.502
202103 2.151 99.900 2.308
202106 0.531 99.500 0.572
202109 0.892 100.100 0.955
202112 -1.086 100.100 -1.163
202203 1.765 101.100 1.871
202206 0.137 101.800 0.144
202209 0.181 103.100 0.188
202212 -0.689 104.100 -0.710
202303 1.182 104.400 1.214
202306 0.511 105.200 0.521
202309 0.255 106.200 0.257
202312 0.434 106.800 0.436
202403 1.323 107.200 1.323

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


Marudai Food Co  (FRA:MFL) 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.

Marudai Food Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.48/0.64
=5.44

* 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 Marudai Food Co was 7.73. The lowest was 4.58. And the median was 5.52.


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.


Marudai Food Co Cyclically Adjusted FCF per Share Related Terms

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


Marudai Food Co (FRA:MFL) Business Description

Traded in Other Exchanges
Address
21-3, Midori-cho, Takatsuki-shi, Osaka, JPN
Marudai Food Co Ltd is a food manufacturing company, which through its subsidiaries, is engaged in the manufacturing and sale of hams and sausages, including bone-less hams, bacon, wiener sausages, fish hams and sausages.