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Stepan Co (STU:96S) Cyclically Adjusted FCF per Share : €1.56 (As of Mar. 2024)


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What is Stepan 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.

Stepan Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.457. 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 €1.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Stepan Co's average Cyclically Adjusted FCF Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -21.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -9.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 10.80% 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 Stepan Co was 41.50% per year. The lowest was -21.30% per year. And the median was 7.30% per year.

As of today (2024-05-26), Stepan Co's current stock price is €78.50. Stepan Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.56. Stepan Co's Cyclically Adjusted Price-to-FCF of today is 50.32.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Stepan Co was 95.30. The lowest was 29.49. And the median was 46.18.


Stepan Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Stepan 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.

Stepan Co Cyclically Adjusted FCF per Share Chart

Stepan 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 2.11 2.38 2.35 1.95 1.30

Stepan 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 1.45 1.46 1.49 1.30 1.56

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

For the Specialty Chemicals subindustry, Stepan 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.


Stepan Co's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Stepan Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Stepan 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, Stepan 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)
=0.457/131.7762*131.7762
=0.457

Current CPI (Mar. 2024) = 131.7762.

Stepan Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.175 100.560 0.229
201409 0.220 100.428 0.289
201412 -0.060 99.070 -0.080
201503 0.225 99.621 0.298
201506 0.728 100.684 0.953
201509 0.350 100.392 0.459
201512 1.250 99.792 1.651
201603 -0.831 100.470 -1.090
201606 2.199 101.688 2.850
201609 0.543 101.861 0.702
201612 2.411 101.863 3.119
201703 -0.686 102.862 -0.879
201706 1.512 103.349 1.928
201709 1.586 104.136 2.007
201712 1.929 104.011 2.444
201803 -0.915 105.290 -1.145
201806 1.339 106.317 1.660
201809 0.855 106.507 1.058
201812 1.929 105.998 2.398
201903 -0.808 107.251 -0.993
201906 2.085 108.070 2.542
201909 1.097 108.329 1.334
201912 1.971 108.420 2.396
202003 -1.542 108.902 -1.866
202006 1.666 108.767 2.018
202009 1.934 109.815 2.321
202012 1.856 109.897 2.226
202103 -1.776 111.754 -2.094
202106 -0.030 114.631 -0.034
202109 -1.756 115.734 -1.999
202112 -0.921 117.630 -1.032
202203 -3.183 121.301 -3.458
202206 -0.414 125.017 -0.436
202209 -1.714 125.227 -1.804
202212 -0.426 125.222 -0.448
202303 -6.670 127.348 -6.902
202306 1.614 128.729 1.652
202309 0.670 129.860 0.680
202312 0.890 129.419 0.906
202403 0.457 131.776 0.457

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


Stepan Co  (STU:96S) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=78.50/1.56
=50.32

* 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 Stepan Co was 95.30. The lowest was 29.49. And the median was 46.18.


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.


Stepan Co Cyclically Adjusted FCF per Share Related Terms

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


Stepan Co (STU:96S) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Stepan Co (STU:96S) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
1101 Skokie Boulevard, Suite 500, Northbrook, IL, USA, 60062
Stepan Co manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. The surfactants segment, which generates the majority of revenue, sells cleaning agents used in detergents, shampoos, body wash, fabric softeners, toothpastes, and other personal-care products. Surfactants are chemical agents that affect the interaction between two surfaces. The polymers segment sells polyurethane used to manufacture rigid foam for thermal insulation, as well as phthalic anhydride used to make plastic components for the construction, automotive, and boating industries. The specialty products segment sells chemicals used in food and flavoring. Most of Stepan's revenue comes from the United States.

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