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Kellanova Co (MEX:K) Cyclically Adjusted FCF per Share : MXN54.76 (As of Mar. 2024)


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What is Kellanova 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.

Kellanova Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was MXN10.083. 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 MXN54.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kellanova Co's average Cyclically Adjusted FCF Growth Rate was 0.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 1.20% 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 Kellanova Co was 10.90% per year. The lowest was -4.20% per year. And the median was 4.30% per year.

As of today (2024-06-22), Kellanova Co's current stock price is MXN1077.50. Kellanova Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was MXN54.76. Kellanova Co's Cyclically Adjusted Price-to-FCF of today is 19.68.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kellanova Co was 27.01. The lowest was 15.68. And the median was 21.73.


Kellanova Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kellanova 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.

Kellanova Co Cyclically Adjusted FCF per Share Chart

Kellanova Co 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 - 56.13 62.42 65.25 51.11

Kellanova 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 57.03 53.46 55.80 51.11 54.76

Competitive Comparison of Kellanova Co's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Kellanova 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.


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

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

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



Kellanova 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, Kellanova 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)
=10.083/131.7762*131.7762
=10.083

Current CPI (Mar. 2024) = 131.7762.

Kellanova Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 9.208 100.560 12.066
201409 14.695 100.428 19.282
201412 16.072 99.070 21.378
201503 0.512 99.621 0.677
201506 13.745 100.684 17.990
201509 12.199 100.392 16.013
201512 26.952 99.792 35.590
201603 -6.740 100.470 -8.840
201606 28.106 101.688 36.422
201609 13.437 101.861 17.383
201612 6.931 101.863 8.966
201703 -8.723 102.862 -11.175
201706 -0.616 103.349 -0.785
201709 -0.417 104.136 -0.528
201712 4.853 104.011 6.148
201803 5.012 105.290 6.273
201806 4.574 106.317 5.669
201809 19.295 106.507 23.873
201812 23.618 105.998 29.362
201903 -4.411 107.251 -5.420
201906 17.125 108.070 20.882
201909 15.182 108.329 18.468
201912 5.514 108.420 6.702
202003 19.017 108.902 23.012
202006 31.713 108.767 38.422
202009 32.817 109.815 39.380
202012 12.392 109.897 14.859
202103 3.684 111.754 4.344
202106 18.803 114.631 21.615
202109 21.042 115.734 23.959
202112 24.396 117.630 27.330
202203 11.003 121.301 11.953
202206 20.530 125.017 21.640
202209 17.074 125.227 17.967
202212 18.691 125.222 19.669
202303 3.814 127.348 3.947
202306 11.529 128.729 11.802
202309 29.738 129.860 30.177
202312 3.659 129.419 3.726
202403 10.083 131.776 10.083

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


Kellanova Co  (MEX:K) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1077.50/54.76
=19.68

* 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 Kellanova Co was 27.01. The lowest was 15.68. And the median was 21.73.


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.


Kellanova Co Cyclically Adjusted FCF per Share Related Terms

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


Kellanova Co (MEX:K) Business Description

Address
412 N. Wells Street, Chicago, IL, USA, 60654
Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base.

Kellanova Co (MEX:K) Headlines