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AAK AB (STU:6AA0) Cyclically Adjusted FCF per Share : €0.28 (As of Mar. 2024)


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What is AAK AB 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.

AAK AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.154. 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 €0.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AAK AB's average Cyclically Adjusted FCF Growth Rate was 40.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -5.00% 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 AAK AB was -5.50% per year. The lowest was -10.70% per year. And the median was -8.10% per year.

As of today (2024-06-19), AAK AB's current stock price is €27.02. AAK AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.28. AAK AB's Cyclically Adjusted Price-to-FCF of today is 96.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AAK AB was 95.47. The lowest was 34.35. And the median was 60.26.


AAK AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AAK AB'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.

AAK AB Cyclically Adjusted FCF per Share Chart

AAK AB 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 0.28 0.32 0.30 0.19 0.28

AAK AB 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 0.20 0.22 0.24 0.28 0.28

Competitive Comparison of AAK AB's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, AAK AB'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.


AAK AB's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



AAK AB 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, AAK AB'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)
=0.154/132.2054*132.2054
=0.154

Current CPI (Mar. 2024) = 132.2054.

AAK AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.073 100.432 0.096
201409 -0.022 100.161 -0.029
201412 0.208 100.225 0.274
201503 0.114 99.950 0.151
201506 0.091 99.995 0.120
201509 0.010 100.228 0.013
201512 0.101 100.276 0.133
201603 -0.089 100.751 -0.117
201606 0.138 101.019 0.181
201609 -0.165 101.138 -0.216
201612 0.210 102.022 0.272
201703 -0.232 102.022 -0.301
201706 -0.010 102.752 -0.013
201709 0.130 103.279 0.166
201712 0.219 103.793 0.279
201803 -0.204 103.962 -0.259
201806 0.085 104.875 0.107
201809 0.138 105.679 0.173
201812 0.117 105.912 0.146
201903 0.100 105.886 0.125
201906 0.087 106.742 0.108
201909 -0.035 107.214 -0.043
201912 0.130 107.766 0.159
202003 -0.031 106.563 -0.038
202006 0.032 107.498 0.039
202009 0.116 107.635 0.142
202012 0.375 108.296 0.458
202103 -0.020 108.360 -0.024
202106 0.034 108.928 0.041
202109 -0.065 110.338 -0.078
202112 0.009 112.486 0.011
202203 -0.505 114.825 -0.581
202206 -0.079 118.384 -0.088
202209 -0.109 122.296 -0.118
202212 0.204 126.365 0.213
202303 0.280 127.042 0.291
202306 0.455 129.407 0.465
202309 0.303 130.224 0.308
202312 0.324 131.912 0.325
202403 0.154 132.205 0.154

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


AAK AB  (STU:6AA0) 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.

AAK AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=27.02/0.28
=96.50

* 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 AAK AB was 95.47. The lowest was 34.35. And the median was 60.26.


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.


AAK AB Cyclically Adjusted FCF per Share Related Terms

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


AAK AB (STU:6AA0) Business Description

Industry
Traded in Other Exchanges
Address
Skrivaregatan 9, Malmo, SWE, SE-215 32
AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food ingredients, Chocolate & confectionery fats, and Technical products & feed. The food ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. The majority is from the Food ingredients segment.

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