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The Hershey Co (XTER:HSY) Cyclically Adjusted Price-to-FCF : 27.23 (As of Dec. 15, 2024)


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

As of today (2024-12-15), The Hershey Co's current share price is €175.10. The Hershey Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €6.43. The Hershey Co's Cyclically Adjusted Price-to-FCF for today is 27.23.

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

XTER:HSY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.9   Med: 33.94   Max: 42.89
Current: 25.62

During the past years, The Hershey Co's highest Cyclically Adjusted Price-to-FCF was 42.89. The lowest was 23.90. And the median was 33.94.

XTER:HSY's Cyclically Adjusted Price-to-FCF is ranked worse than
56.34% of 655 companies
in the Consumer Packaged Goods industry
Industry Median: 22.25 vs XTER:HSY: 25.62

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 Sep. 2024 was €1.984. 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 €6.43 for the trailing ten years ended in Sep. 2024.

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 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 35.68 34.49 35.96 37.67 28.32

The Hershey Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 30.31 28.32 28.58 26.34 26.83

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.



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
=175.10/6.43
=27.23

* 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 Sep. 2024 is calculated as:

For example, The Hershey Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.984/133.0289*133.0289
=1.984

Current CPI (Sep. 2024) = 133.0289.

The Hershey Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.156 99.070 1.552
201503 0.815 99.621 1.088
201506 0.558 100.684 0.737
201509 0.094 100.392 0.125
201512 2.277 99.792 3.035
201603 0.942 100.470 1.247
201606 0.152 101.688 0.199
201609 0.074 101.861 0.097
201612 2.045 101.863 2.671
201703 0.877 102.862 1.134
201706 0.207 103.349 0.266
201709 0.888 104.136 1.134
201712 2.046 104.011 2.617
201803 1.117 105.290 1.411
201806 0.712 106.317 0.891
201809 0.751 106.507 0.938
201812 2.581 105.998 3.239
201903 0.998 107.251 1.238
201906 1.116 108.070 1.374
201909 1.090 108.329 1.339
201912 2.947 108.420 3.616
202003 0.633 108.902 0.773
202006 1.195 108.767 1.462
202009 1.522 109.815 1.844
202012 1.786 109.897 2.162
202103 1.994 111.754 2.374
202106 1.179 114.631 1.368
202109 1.091 115.734 1.254
202112 2.264 117.630 2.560
202203 2.258 121.301 2.476
202206 1.638 125.017 1.743
202209 1.603 125.227 1.703
202212 2.783 125.222 2.957
202303 2.629 127.348 2.746
202306 0.495 128.729 0.512
202309 1.072 129.860 1.098
202312 2.397 129.419 2.464
202403 1.598 131.776 1.613
202406 0.705 132.554 0.708
202409 1.984 133.029 1.984

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  (XTER:HSY) 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 $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). 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.