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The Hershey Co (LTS:0J4X) Cyclically Adjusted Price-to-FCF : 22.21 (As of Jun. 05, 2025)


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What is The Hershey Co Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), The Hershey Co's current share price is $161.914. The Hershey Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $7.29. The Hershey Co's Cyclically Adjusted Price-to-FCF for today is 22.21.

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

LTS:0J4X' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.67   Med: 33.47   Max: 42.89
Current: 22.06

During the past years, The Hershey Co's highest Cyclically Adjusted Price-to-FCF was 42.89. The lowest was 20.67. And the median was 33.47.

LTS:0J4X's Cyclically Adjusted Price-to-FCF is ranked worse than
53.52% of 697 companies
in the Consumer Packaged Goods industry
Industry Median: 20.34 vs LTS:0J4X: 22.06

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.

The Hershey Co's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $1.236. 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 $7.29 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Hershey Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Hershey Co'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.

The Hershey Co Cyclically Adjusted Price-to-FCF Chart

The Hershey Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.49 35.96 37.66 28.56 23.46

The Hershey Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 28.82 26.55 27.04 23.46 23.37

Competitive Comparison of The Hershey Co's Cyclically Adjusted Price-to-FCF

For the Confectioners subindustry, The Hershey 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.


The Hershey Co's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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


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The Hershey Co 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.

The Hershey Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=161.914/7.29
=22.21

* 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.

The Hershey Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, The Hershey Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.236/134.9266*134.9266
=1.236

Current CPI (Mar. 2025) = 134.9266.

The Hershey Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.626 100.684 0.839
201509 0.106 100.392 0.142
201512 2.480 99.792 3.353
201603 1.048 100.470 1.407
201606 0.170 101.688 0.226
201609 0.083 101.861 0.110
201612 2.157 101.863 2.857
201703 0.938 102.862 1.230
201706 0.232 103.349 0.303
201709 1.059 104.136 1.372
201712 2.422 104.011 3.142
201803 1.377 105.290 1.765
201806 0.832 106.317 1.056
201809 0.877 106.507 1.111
201812 2.937 105.998 3.739
201903 1.128 107.251 1.419
201906 1.261 108.070 1.574
201909 1.201 108.329 1.496
201912 3.275 108.420 4.076
202003 0.699 108.902 0.866
202006 1.346 108.767 1.670
202009 1.793 109.815 2.203
202012 2.172 109.897 2.667
202103 2.374 111.754 2.866
202106 1.420 114.631 1.671
202109 1.283 115.734 1.496
202112 2.558 117.630 2.934
202203 2.487 121.301 2.766
202206 1.731 125.017 1.868
202209 1.587 125.227 1.710
202212 2.962 125.222 3.192
202303 2.814 127.348 2.981
202306 0.536 128.729 0.562
202309 1.144 129.860 1.189
202312 2.059 129.419 2.147
202403 1.737 131.776 1.779
202406 0.759 132.554 0.773
202409 2.202 133.029 2.233
202412 3.132 133.157 3.174
202503 1.236 134.927 1.236

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.


The Hershey Co  (LTS:0J4X) 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.


The Hershey Co Cyclically Adjusted Price-to-FCF Related Terms

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


The Hershey Co Business Description

Address
19 East Chocolate Avenue, Hershey, PA, USA, 17033
Hershey is a leading US confectionery manufacturer (around a $54 billion market, according to Euromonitor), controlling around 36% of the domestic chocolate space. Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the US, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.

The Hershey Co Headlines

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