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Kikkoman (TSE:2801) Cyclically Adjusted Price-to-FCF : 44.51 (As of Jun. 25, 2024)


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What is Kikkoman Cyclically Adjusted Price-to-FCF?

As of today (2024-06-25), Kikkoman's current share price is 円1877.50. Kikkoman's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円42.18. Kikkoman's Cyclically Adjusted Price-to-FCF for today is 44.51.

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

TSE:2801' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 30.82   Med: 45.07   Max: 72.72
Current: 43.26

During the past years, Kikkoman's highest Cyclically Adjusted Price-to-FCF was 72.72. The lowest was 30.82. And the median was 45.07.

TSE:2801's Cyclically Adjusted Price-to-FCF is ranked worse than
72.78% of 709 companies
in the Consumer Packaged Goods industry
Industry Median: 22.55 vs TSE:2801: 43.26

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.

Kikkoman's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円18.063. 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 円42.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kikkoman Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kikkoman'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.

Kikkoman Cyclically Adjusted Price-to-FCF Chart

Kikkoman Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 31.54 42.54 35.73 46.61

Kikkoman 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 35.73 44.18 40.68 43.14 46.61

Competitive Comparison of Kikkoman's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, Kikkoman'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.


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

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

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



Kikkoman 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.

Kikkoman's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1877.50/42.18
=44.51

* 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.

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

For example, Kikkoman'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)
=18.063/107.2000*107.2000
=18.063

Current CPI (Mar. 2024) = 107.2000.

Kikkoman Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.000 0.000
201409 0.000 98.500 0.000
201412 0.000 97.900 0.000
201503 0.000 97.900 0.000
201506 0.000 98.400 0.000
201509 0.000 98.500 0.000
201512 0.000 98.100 0.000
201603 0.000 97.900 0.000
201606 0.000 98.100 0.000
201609 0.000 98.000 0.000
201612 0.000 98.400 0.000
201703 0.000 98.100 0.000
201706 0.000 98.500 0.000
201709 0.000 98.800 0.000
201712 0.000 99.400 0.000
201803 0.000 99.200 0.000
201806 0.000 99.200 0.000
201809 0.000 99.900 0.000
201812 0.000 99.700 0.000
201903 0.000 99.700 0.000
201906 0.000 99.800 0.000
201909 0.000 100.100 0.000
201912 0.000 100.500 0.000
202003 0.000 100.300 0.000
202006 4.190 99.900 4.496
202009 14.880 99.900 15.967
202012 3.324 99.300 3.588
202103 19.380 99.900 20.796
202106 4.490 99.500 4.837
202109 6.092 100.100 6.524
202112 6.983 100.100 7.478
202203 16.380 101.100 17.368
202206 -1.233 101.800 -1.298
202209 12.479 103.100 12.975
202212 4.446 104.100 4.578
202303 18.414 104.400 18.908
202306 6.473 105.200 6.596
202309 13.318 106.200 13.443
202312 14.355 106.800 14.409
202403 18.063 107.200 18.063

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.


Kikkoman  (TSE:2801) 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.


Kikkoman Cyclically Adjusted Price-to-FCF Related Terms

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


Kikkoman (TSE:2801) Business Description

Traded in Other Exchanges
Address
250 Noda, Noda-shi, Chiba, JPN, 278-8601
Kikkoman was founded in 1917 following the merger of eight family-owned companies in Noda, Chiba Prefecture, Japan. It is the largest soy sauce manufacturer in Japan and the U.S. Domestically, it sells a wide range of food and beverage products including but not limited to soy sauce, soy milk, licensed Del Monte products, and liquor. Kikkoman's products are shipped to over 100 countries with eight global production plants across the U.S., Asia, Europe, and South America. Apart from food manufacturing, Kikkoman also operates a wholesale business that resells Asian foods globally.

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