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Ulker Biskuvinayi AS (IST:ULKER) Cyclically Adjusted FCF per Share : ₺11.08 (As of Mar. 2025)


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What is Ulker Biskuvinayi AS 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.

Ulker Biskuvinayi AS's adjusted free cash flow per share for the three months ended in Mar. 2025 was ₺-16.027. 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 ₺11.08 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ulker Biskuvinayi AS's average Cyclically Adjusted FCF Growth Rate was 242.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 181.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 84.80% 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 Ulker Biskuvinayi AS was 181.70% per year. The lowest was 15.90% per year. And the median was 52.80% per year.

As of today (2025-05-30), Ulker Biskuvinayi AS's current stock price is ₺105.60. Ulker Biskuvinayi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ₺11.08. Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF of today is 9.53.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ulker Biskuvinayi AS was 70.30. The lowest was 8.82. And the median was 32.01.


Ulker Biskuvinayi AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ulker Biskuvinayi AS'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.

Ulker Biskuvinayi AS Cyclically Adjusted FCF per Share Chart

Ulker Biskuvinayi AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.56 1.27 3.65 12.52

Ulker Biskuvinayi AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.24 12.04 11.69 12.52 11.08

Competitive Comparison of Ulker Biskuvinayi AS's Cyclically Adjusted FCF per Share

For the Confectioners subindustry, Ulker Biskuvinayi AS'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.


Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF falls into.


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Ulker Biskuvinayi AS 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, Ulker Biskuvinayi AS's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-16.027/134.9266*134.9266
=-16.027

Current CPI (Mar. 2025) = 134.9266.

Ulker Biskuvinayi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.162 100.684 0.217
201509 -0.023 100.392 -0.031
201512 0.174 99.792 0.235
201603 0.082 100.470 0.110
201606 0.144 101.688 0.191
201609 -0.117 101.861 -0.155
201612 0.827 101.863 1.095
201703 -0.037 102.862 -0.049
201706 0.253 103.349 0.330
201709 0.004 104.136 0.005
201712 1.009 104.011 1.309
201803 -0.365 105.290 -0.468
201806 -0.541 106.317 -0.687
201809 -0.052 106.507 -0.066
201812 0.286 105.998 0.364
201903 0.085 107.251 0.107
201906 0.393 108.070 0.491
201909 0.085 108.329 0.106
201912 1.357 108.420 1.689
202003 0.152 108.902 0.188
202006 0.038 108.767 0.047
202009 0.365 109.815 0.448
202012 0.643 109.897 0.789
202103 -4.157 111.754 -5.019
202106 4.094 114.631 4.819
202109 0.497 115.734 0.579
202112 -1.827 117.630 -2.096
202203 0.788 121.301 0.877
202206 0.809 125.017 0.873
202209 -0.946 125.227 -1.019
202212 6.736 125.222 7.258
202303 -0.269 127.348 -0.285
202306 6.537 128.729 6.852
202309 6.821 129.860 7.087
202312 10.923 129.419 11.388
202403 -4.476 131.776 -4.583
202406 87.765 132.554 89.336
202409 -4.446 133.029 -4.509
202412 8.857 133.157 8.975
202503 -16.027 134.927 -16.027

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


Ulker Biskuvinayi AS  (IST:ULKER) 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.

Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=105.60/11.08
=9.53

* 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 Ulker Biskuvinayi AS was 70.30. The lowest was 8.82. And the median was 32.01.


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.


Ulker Biskuvinayi AS Cyclically Adjusted FCF per Share Related Terms

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


Ulker Biskuvinayi AS Business Description

Traded in Other Exchanges
Address
Davutpa?a Cad No 10, Topkap?, Istanbul, TUR, 366
Ulker Biskuvi Sanayi AS manufactures biscuits, crackers, chocolate, and cake in its half a dozen production facilities in Turkey. Its major brands include Ulker, Alpella, Halk, Kat Tat, and Karsa. The company also has a financial stake in the Godiva brand. Biscuit sales and chocolate sales each account for more than 40% of the company's total revenue. Substantially all of the remaining revenue is from cake sales. Nearly 90% of the company's total revenue comes from sales in Turkey. The company is a subsidiary of Yildiz Holding.

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