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Ajinomoto Co (TSE:2802) Cyclically Adjusted Price-to-FCF : 56.61 (As of May. 02, 2024)


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What is Ajinomoto Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-02), Ajinomoto Co's current share price is 円5866.00. Ajinomoto Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円103.62. Ajinomoto Co's Cyclically Adjusted Price-to-FCF for today is 56.61.

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

TSE:2802' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.58   Med: 32.45   Max: 66.67
Current: 55.74

During the past years, Ajinomoto Co's highest Cyclically Adjusted Price-to-FCF was 66.67. The lowest was 22.58. And the median was 32.45.

TSE:2802's Cyclically Adjusted Price-to-FCF is ranked worse than
80.42% of 710 companies
in the Consumer Packaged Goods industry
Industry Median: 23.735 vs TSE:2802: 55.74

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.

Ajinomoto Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was 円61.552. 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103.62 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ajinomoto Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ajinomoto 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.

Ajinomoto Co Cyclically Adjusted Price-to-FCF Chart

Ajinomoto Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.29 27.71 29.64 42.14 51.39

Ajinomoto Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 45.78 51.39 62.23 59.71 52.50

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

For the Packaged Foods subindustry, Ajinomoto 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.


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

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

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



Ajinomoto 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5866.00/103.62
=56.61

* 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.

Ajinomoto Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Ajinomoto Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=61.552/106.8000*106.8000
=61.552

Current CPI (Dec. 2023) = 106.8000.

Ajinomoto Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 34.863 95.700 38.907
201406 21.826 98.000 23.786
201409 35.526 98.500 38.520
201412 12.494 97.900 13.630
201503 32.063 97.900 34.978
201506 28.297 98.400 30.713
201509 29.646 98.500 32.144
201512 21.485 98.100 23.390
201603 44.437 97.900 48.477
201606 11.857 98.100 12.909
201609 0.290 98.000 0.316
201612 -22.253 98.400 -24.153
201703 49.814 98.100 54.232
201706 2.293 98.500 2.486
201709 4.027 98.800 4.353
201712 19.088 99.400 20.509
201803 60.286 99.200 64.905
201806 -8.629 99.200 -9.290
201809 3.000 99.900 3.207
201812 24.134 99.700 25.853
201903 60.578 99.700 64.892
201906 3.941 99.800 4.217
201909 -1.089 100.100 -1.162
201912 35.260 100.500 37.470
202003 21.750 100.300 23.160
202006 24.689 99.900 26.394
202009 19.850 99.900 21.221
202012 42.399 99.300 45.601
202103 58.208 99.900 62.228
202106 -6.540 99.500 -7.020
202109 23.659 100.100 25.243
202112 50.716 100.100 54.111
202203 52.279 101.100 55.226
202206 -2.211 101.800 -2.320
202209 0.800 103.100 0.829
202212 43.152 104.100 44.271
202303 41.960 104.400 42.925
202306 -7.918 105.200 -8.038
202309 45.226 106.200 45.482
202312 61.552 106.800 61.552

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.


Ajinomoto Co  (TSE:2802) 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.


Ajinomoto Co Cyclically Adjusted Price-to-FCF Related Terms

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Ajinomoto Co (TSE:2802) Business Description

Traded in Other Exchanges
Address
15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315
Ajinomoto is Japan's leading food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to global food manufacturers including Nestle. The food business represents nearly three fourths of group sales and 80%-plus of profits with nearly two thirds generated overseas. Healthcare and function materials (mainly Ajinomoto build-up film, or ABF), the key growth drivers through 2030, make up the balance of its business portfolio. The nonfood businesses are expected to contribute half of the group profits by 2030, boosted by ABF and CDMO growth.

Ajinomoto Co (TSE:2802) Headlines

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