Saputo (TSX:SAP) Cyclically Adjusted FCF per Share: C$1.64 (As of Mar. 2026)

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TSX:SAP Saputo Inc TSX:SAP
68 GF Score
Price C$41.20
GF Value C$29.17
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Saputo Cyclically Adjusted FCF per Share?

Saputo TSX:SAP +1.53% 68 Cyclically Adjusted FCF per Share is C$1.64 as of Mar. 2026. GuruFocus rates TSX:SAP with a GF Score™ of 68/100 and a GF Value™ of C$29.17 (Significantly Overvalued). The stock has 4 warning signs investors should review.

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.

Saputo's adjusted free cash flow per share for the three months ended in Mar. 2026 was C$0.757. 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 C$1.64 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Saputo's average Cyclically Adjusted FCF Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 2.90% 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 Saputo was 42.70% per year. The lowest was 1.40% per year. And the median was 9.80% per year.

As of today (2026-07-16), Saputo's current stock price is C$41.20. Saputo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was C$1.64. Saputo's Cyclically Adjusted Price-to-FCF of today is 25.12.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Saputo was 39.26. The lowest was 15.46. And the median was 24.89.


Saputo  (TSX:SAP) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=41.20/1.64
=25.12

* 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 Saputo was 39.26. The lowest was 15.46. And the median was 24.89.


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.


Saputo Cyclically Adjusted FCF per Share Related Terms


Saputo Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Saputo'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.

Saputo Cyclically Adjusted FCF per Share Chart

Saputo Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 1.46 1.49 1.52 1.64

Saputo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.52 1.56 1.59 1.62 1.64

TSX:SAP vs KHC, GIS: Cyclically Adjusted FCF per Share Comparison

For the Packaged Foods subindustry, Saputo'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.


Saputo Cyclically Adjusted Price-to-FCF vs Consumer Packaged Goods Industry

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

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


TSX:SAP
68GF Score
Saputo Inc TSX:SAP
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saputo 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, Saputo's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.757/132.2623*132.2623
=0.757

Current CPI (Mar. 2026) = 132.2623.

Saputo Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.677 102.002 0.878
201609 0.493 101.765 0.641
201612 0.464 101.449 0.605
201703 0.258 102.634 0.332
201706 0.066 103.029 0.085
201709 0.191 103.345 0.244
201712 0.314 103.345 0.402
201803 0.620 105.004 0.781
201806 0.185 105.557 0.232
201809 0.382 105.636 0.478
201812 0.314 105.399 0.394
201903 0.252 106.979 0.312
201906 0.228 107.690 0.280
201909 0.184 107.611 0.226
201912 0.503 107.769 0.617
202003 0.223 107.927 0.273
202006 0.629 108.401 0.767
202009 0.689 108.164 0.843
202012 0.282 108.559 0.344
202103 -0.032 110.298 -0.038
202106 0.101 111.720 0.120
202109 0.393 112.905 0.460
202112 0.048 113.774 0.056
202203 -0.072 117.646 -0.081
202206 0.125 120.806 0.137
202209 0.551 120.648 0.604
202212 -0.019 120.964 -0.021
202303 0.259 122.702 0.279
202306 0.244 124.203 0.260
202309 0.047 125.230 0.050
202312 0.581 125.072 0.614
202403 0.396 126.258 0.415
202406 0.219 127.522 0.227
202409 0.167 127.285 0.174
202412 0.707 127.364 0.734
202503 0.816 129.181 0.835
202506 0.606 129.892 0.617
202509 0.696 130.287 0.707
202512 0.774 130.366 0.785
202603 0.757 132.262 0.757

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

What does a Cyclically Adjusted FCF per Share of C$1.64 mean?
Saputo (TSX:SAP) has a Cyclically Adjusted FCF per Share of C$1.64 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Saputo and its competitors.
Is Saputo's Cyclically Adjusted FCF per Share too high?
Saputo's current Cyclically Adjusted FCF per Share is C$1.64. Overall, Saputo has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saputo's Cyclically Adjusted FCF per Share compare to KHC and GIS?
Saputo's Cyclically Adjusted FCF per Share of C$1.64 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Consumer Packaged Goods company?
A good Cyclically Adjusted FCF per Share depends on the Consumer Packaged Goods industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Saputo and its competitors. Saputo's current Cyclically Adjusted FCF per Share is C$1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saputo stock overvalued right now?
Based on GuruFocus' analysis, Saputo (TSX:SAP) is currently considered Significantly Overvalued. The stock's GF Value™ is C$29.17, compared to a current price of C$41.20 — trading 41.2% above its estimated fair value. The current Cyclically Adjusted FCF per Share is C$1.64. Saputo's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Saputo (TSX:SAP), the current Cyclically Adjusted FCF per Share is C$1.64 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Saputo (TSX:SAP) Overvalued in 2026?

Based on GuruFocus' analysis, Saputo stock appears to be overvalued. The current stock price of C$41.20 is trading 41.2% above its estimated GF Value™ of C$29.17. GuruFocus considers Saputo to be Significantly Overvalued.

Key valuation signals for TSX:SAP:

  • Cyclically Adjusted FCF per Share: C$1.64
  • GF Value™: C$29.17 vs. price of C$41.20 (41.2% above fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the TSX:SAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Saputo Business Description

Other Exchanges SAPIF:USASB7:Germany
Address 1000 de la Gauchetiere Street West, Suite 2900, Montreal, QC, CAN, H3B 4W5
Saputo Inc produces, markets, and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. The Company is a cheese manufacturer and fluid milk and cream processor in Canada, a dairy processor in Australia, a cheese producer and extended shelf-life and cultured dairy products manufacturer in the USA, and a manufacturer of branded cheese and dairy spreads in the UK. Its cheese products are sold under various brand names, including Saputo, Armstrong, Alexis de Portneuf, Bari, Cogruet, DuVillage 1860, Kingsey, and Shepherd Gourmet Dairy. The Company operates through four divisions: Canada Sector, USA Sector, International Sector, and Europe Sector, with the USA Sector generating the maximum revenue.
68GF Score

Get the complete analysis for TSX:SAP

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$41.20
Price
C$29.17
GF Value