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National Beverage (STU:20V) Cyclically Adjusted FCF per Share : €1.34 (As of Jan. 2024)


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What is National Beverage 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.

National Beverage's adjusted free cash flow per share for the three months ended in Jan. 2024 was €0.281. 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 €1.34 for the trailing ten years ended in Jan. 2024.

During the past 12 months, National Beverage's average Cyclically Adjusted FCF Growth Rate was 12.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.40% 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 National Beverage was 19.00% per year. The lowest was 3.80% per year. And the median was 10.75% per year.

As of today (2024-05-20), National Beverage's current stock price is €43.00. National Beverage's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €1.34. National Beverage's Cyclically Adjusted Price-to-FCF of today is 32.09.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of National Beverage was 110.76. The lowest was 22.87. And the median was 40.26.


National Beverage Cyclically Adjusted FCF per Share Historical Data

The historical data trend for National Beverage'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.

National Beverage Cyclically Adjusted FCF per Share Chart

National Beverage Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.76 0.82 1.12 1.19

National Beverage Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.13 1.19 1.24 1.29 1.34

Competitive Comparison of National Beverage's Cyclically Adjusted FCF per Share

For the Beverages - Non-Alcoholic subindustry, National Beverage'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.


National Beverage's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, National Beverage's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



National Beverage 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, National Beverage's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.281/130.1244*130.1244
=0.281

Current CPI (Jan. 2024) = 130.1244.

National Beverage Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.124 100.023 0.161
201407 0.132 100.520 0.171
201410 0.085 100.176 0.110
201501 0.027 98.604 0.036
201504 0.167 99.824 0.218
201507 0.181 100.691 0.234
201510 0.135 100.346 0.175
201601 0.091 99.957 0.118
201604 0.248 100.947 0.320
201607 0.261 101.524 0.335
201610 0.173 101.988 0.221
201701 0.251 102.456 0.319
201704 0.304 103.167 0.383
201707 0.365 103.278 0.460
201710 0.204 104.070 0.255
201801 0.228 104.578 0.284
201804 0.301 105.708 0.371
201807 0.484 106.324 0.592
201810 0.063 106.695 0.077
201901 0.184 106.200 0.225
201904 0.204 107.818 0.246
201907 0.442 108.250 0.531
201910 0.299 108.577 0.358
202001 0.307 108.841 0.367
202004 0.437 108.173 0.526
202007 0.445 109.318 0.530
202010 0.477 109.861 0.565
202101 0.243 110.364 0.287
202104 0.360 112.673 0.416
202107 0.469 115.183 0.530
202110 0.253 116.696 0.282
202201 -0.027 118.619 -0.030
202204 0.273 121.978 0.291
202207 0.399 125.002 0.415
202210 0.393 125.734 0.407
202301 0.255 126.223 0.263
202304 0.387 127.992 0.393
202307 0.625 128.974 0.631
202310 0.249 129.810 0.250
202401 0.281 130.124 0.281

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


National Beverage  (STU:20V) 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.

National Beverage's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=43.00/1.34
=32.09

* 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 National Beverage was 110.76. The lowest was 22.87. And the median was 40.26.


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.


National Beverage Cyclically Adjusted FCF per Share Related Terms

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


National Beverage (STU:20V) Business Description

Traded in Other Exchanges
Address
8100 SW Tenth Street, Suite 4000, Fort Lauderdale, FL, USA, 33324
National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for big-box retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants). It is controlled by chairman and CEO Nick Caporella, who owns over 73% of the common stock.

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