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Ulker Biskuvinayi AS (IST:ULKER) Cyclically Adjusted Price-to-FCF : 58.53 (As of Jun. 15, 2024)


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What is Ulker Biskuvinayi AS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-15), Ulker Biskuvinayi AS's current share price is ₺155.10. Ulker Biskuvinayi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₺2.65. Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF for today is 58.53.

The historical rank and industry rank for Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:ULKER' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.95   Med: 36.41   Max: 70.3
Current: 60.3

During the past years, Ulker Biskuvinayi AS's highest Cyclically Adjusted Price-to-FCF was 70.30. The lowest was 18.95. And the median was 36.41.

IST:ULKER's Cyclically Adjusted Price-to-FCF is ranked worse than
82.63% of 714 companies
in the Consumer Packaged Goods industry
Industry Median: 22.4 vs IST:ULKER: 60.30

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.

Ulker Biskuvinayi AS's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₺-3.210. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ₺2.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ulker Biskuvinayi AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF 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.

Ulker Biskuvinayi AS Cyclically Adjusted Price-to-FCF Chart

Ulker Biskuvinayi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.61 32.15 31.15 34.51 27.80

Ulker Biskuvinayi AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 24.17 20.75 42.31 27.80 39.42

Competitive Comparison of Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF

For the Confectioners subindustry, Ulker Biskuvinayi AS'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.


Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



Ulker Biskuvinayi AS Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Ulker Biskuvinayi AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=155.10/2.65
=58.53

* 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.

Ulker Biskuvinayi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ulker Biskuvinayi AS'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)
=-3.21/131.7762*131.7762
=-3.210

Current CPI (Mar. 2024) = 131.7762.

Ulker Biskuvinayi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.024 100.560 -0.031
201409 -0.395 100.428 -0.518
201412 0.519 99.070 0.690
201503 0.029 99.621 0.038
201506 0.162 100.684 0.212
201509 -0.023 100.392 -0.030
201512 0.174 99.792 0.230
201603 0.082 100.470 0.108
201606 0.144 101.688 0.187
201609 -0.117 101.861 -0.151
201612 0.826 101.863 1.069
201703 -0.037 102.862 -0.047
201706 0.253 103.349 0.323
201709 0.004 104.136 0.005
201712 1.009 104.011 1.278
201803 -0.365 105.290 -0.457
201806 -0.541 106.317 -0.671
201809 -0.052 106.507 -0.064
201812 0.286 105.998 0.356
201903 0.085 107.251 0.104
201906 0.393 108.070 0.479
201909 0.085 108.329 0.103
201912 1.357 108.420 1.649
202003 0.152 108.902 0.184
202006 0.038 108.767 0.046
202009 0.365 109.815 0.438
202012 0.643 109.897 0.771
202103 -4.157 111.754 -4.902
202106 4.094 114.631 4.706
202109 0.497 115.734 0.566
202112 -1.827 117.630 -2.047
202203 0.788 121.301 0.856
202206 0.809 125.017 0.853
202209 -0.946 125.227 -0.995
202212 6.736 125.222 7.089
202303 -0.269 127.348 -0.278
202306 4.149 128.729 4.247
202309 4.986 129.860 5.060
202312 8.092 129.419 8.239
202403 -3.210 131.776 -3.210

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


Ulker Biskuvinayi AS  (IST:ULKER) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Ulker Biskuvinayi AS Cyclically Adjusted Price-to-FCF Related Terms

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Ulker Biskuvinayi AS (IST:ULKER) Business Description

Traded in Other Exchanges
Address
Davutpa?a Cad No 10, Topkap?, Istanbul, TUR, 366
Ulker Biskuvi Sanayi AS manufactures biscuits, crackers, chocolate, and cake in its half a dozen production facilities in Turkey. Its major brands include Ulker, Alpella, Halk, Kat Tat, and Karsa. The company also has a financial stake in the Godiva brand. Biscuit sales and chocolate sales each account for more than 40% of the company's total revenue. Substantially all of the remaining revenue is from cake sales. Nearly 90% of the company's total revenue comes from sales in Turkey. The company is a subsidiary of Yildiz Holding.

Ulker Biskuvinayi AS (IST:ULKER) Headlines

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