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High Liner Foods (High Liner Foods) Cyclically Adjusted FCF per Share : $1.10 (As of Dec. 2023)


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What is High Liner Foods 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.

High Liner Foods's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.815. 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 $1.10 for the trailing ten years ended in Dec. 2023.

During the past 12 months, High Liner Foods's average Cyclically Adjusted FCF Growth Rate was 68.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.90% 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 High Liner Foods was 23.40% per year. The lowest was -22.70% per year. And the median was 9.45% per year.

As of today (2024-05-15), High Liner Foods's current stock price is $9.5675. High Liner Foods's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.10. High Liner Foods's Cyclically Adjusted Price-to-FCF of today is 8.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of High Liner Foods was 50.71. The lowest was 4.73. And the median was 12.94.


High Liner Foods Cyclically Adjusted FCF per Share Historical Data

The historical data trend for High Liner Foods'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.

High Liner Foods Cyclically Adjusted FCF per Share Chart

High Liner Foods 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 0.86 1.08 1.10 0.67 1.10

High Liner Foods Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.67 0.66 0.68 0.83 1.10

Competitive Comparison of High Liner Foods's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, High Liner Foods'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.


High Liner Foods's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



High Liner Foods 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, High Liner Foods's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.815/125.4675*125.4675
=1.815

Current CPI (Dec. 2023) = 125.4675.

High Liner Foods Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.356 98.604 -0.453
201406 0.599 99.473 0.756
201409 -0.260 99.394 -0.328
201412 -0.146 98.367 -0.186
201503 0.517 99.789 0.650
201506 0.172 100.500 0.215
201509 1.046 100.421 1.307
201512 0.329 99.947 0.413
201603 0.921 101.054 1.144
201606 0.473 102.002 0.582
201609 0.375 101.765 0.462
201612 0.259 101.449 0.320
201703 -0.571 102.634 -0.698
201706 0.092 103.029 0.112
201709 -0.112 103.345 -0.136
201712 -0.879 103.345 -1.067
201803 0.146 105.004 0.174
201806 0.562 105.557 0.668
201809 0.379 105.636 0.450
201812 0.191 105.399 0.227
201903 0.765 106.979 0.897
201906 0.919 107.690 1.071
201909 0.393 107.611 0.458
201912 -0.762 107.769 -0.887
202003 0.028 107.927 0.033
202006 0.904 108.401 1.046
202009 1.269 108.164 1.472
202012 0.543 108.559 0.628
202103 0.711 110.298 0.809
202106 -0.035 111.720 -0.039
202109 -0.011 112.905 -0.012
202112 -0.427 113.774 -0.471
202203 -0.609 117.646 -0.649
202206 0.173 120.806 0.180
202209 -0.475 120.648 -0.494
202212 -1.856 120.964 -1.925
202303 0.288 122.702 0.294
202306 1.136 124.203 1.148
202309 1.471 125.230 1.474
202312 1.815 125.468 1.815

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


High Liner Foods  (OTCPK:HLNFF) 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.

High Liner Foods's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.5675/1.1
=8.70

* 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 High Liner Foods was 50.71. The lowest was 4.73. And the median was 12.94.


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.


High Liner Foods Cyclically Adjusted FCF per Share Related Terms

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


High Liner Foods (High Liner Foods) Business Description

Traded in Other Exchanges
Address
100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0
High Liner Foods Inc is a Canadian company which is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company sells its products to institutions, health care facilities, and quick-service family and casual dining establishments. Its foodservice brands include High Liner Culinary, Mirabel, FPI, Viking, American Pride, High Liner, Fisher Boy, Sea Cuisine and others.

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