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The Kraft Heinz Co (The Kraft Heinz Co) Cyclically Adjusted FCF per Share : $2.19 (As of Dec. 2023)


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What is The Kraft Heinz Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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 Kraft Heinz Co's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.909. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.19 for the trailing ten years ended in Dec. 2023.

During the past 12 months, The Kraft Heinz Co's average Cyclically Adjusted FCF Growth Rate was -0.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of The Kraft Heinz Co was -3.00% per year. The lowest was -3.00% per year. And the median was -3.00% per year.

As of today (2024-04-27), The Kraft Heinz Co's current stock price is $38.16. The Kraft Heinz Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.19. The Kraft Heinz Co's Cyclically Adjusted Price-to-FCF of today is 17.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Kraft Heinz Co was 19.36. The lowest was 12.97. And the median was 15.72.


The Kraft Heinz Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The Kraft Heinz Co's Cyclically Adjusted FCF per Share 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 Kraft Heinz Co Cyclically Adjusted FCF per Share Chart

The Kraft Heinz Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.40 2.48 2.20 2.19

The Kraft Heinz 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 FCF per Share 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 2.20 2.22 2.26 2.27 2.19

Competitive Comparison of The Kraft Heinz Co's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, The Kraft Heinz 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 Kraft Heinz 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 Kraft Heinz Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



The Kraft Heinz Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, The Kraft Heinz 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)
=0.909/129.4194*129.4194
=0.909

Current CPI (Dec. 2023) = 129.4194.

The Kraft Heinz Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.291 99.695 0.378
201406 0.465 100.560 0.598
201409 0.167 100.428 0.215
201412 1.573 99.070 2.055
201503 0.329 99.621 0.427
201506 1.017 100.684 1.307
201509 -0.370 100.392 -0.477
201512 0.201 99.792 0.261
201603 -0.375 100.470 -0.483
201606 0.688 101.688 0.876
201609 -0.167 101.861 -0.212
201612 0.996 101.863 1.265
201703 -0.800 102.862 -1.007
201706 0.094 103.349 0.118
201709 -0.059 104.136 -0.073
201712 0.202 104.011 0.251
201803 0.151 105.290 0.186
201806 -0.334 106.317 -0.407
201809 0.413 106.507 0.502
201812 1.201 105.998 1.466
201903 0.045 107.251 0.054
201906 0.673 108.070 0.806
201909 0.435 108.329 0.520
201912 1.121 108.420 1.338
202003 0.066 108.902 0.078
202006 1.535 108.767 1.826
202009 0.790 109.815 0.931
202012 1.127 109.897 1.327
202103 0.473 111.754 0.548
202106 0.829 114.631 0.936
202109 0.158 115.734 0.177
202112 2.178 117.630 2.396
202203 0.220 121.301 0.235
202206 0.066 125.017 0.068
202209 0.431 125.227 0.445
202212 0.541 125.222 0.559
202303 0.178 127.348 0.181
202306 0.693 128.729 0.697
202309 0.619 129.860 0.617
202312 0.909 129.419 0.909

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


The Kraft Heinz Co  (NAS:KHC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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 Kraft Heinz Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.16/2.19
=17.42

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Kraft Heinz Co was 19.36. The lowest was 12.97. And the median was 15.72.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


The Kraft Heinz Co Cyclically Adjusted FCF per Share Related Terms

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


The Kraft Heinz Co (The Kraft Heinz Co) Business Description

Address
One PPG Place, Pittsburgh, PA, USA, 15222
In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm operates a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.
Executives
Lande Rashida La officer: SVP, Global Gen Csl & Corp Sec C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Vince Garlati officer: VP, Global Controller (PAO) C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Humberto P Alfonso director 1085 OCEAN AVENUE, MANTOLOKING NJ 08738
Flavio Torres officer: Head of Global Operations THE KRAFT HEINZ COMPANY, 200 E. RANDOLPH ST., CHICAGO IL 60601
Melissa Werneck officer: EVP & Global Chief People Ofcr C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Marcos Eloi officer: Chief Procurement Officer 200 E RANDOLPH STREET SUITE 7600, CHICAGO IL 60601
Diane J Gherson director IBM CORPORATION, ONE NEW ORCHARD ROAD, ARMONK NY 10504
Miguel Patricio officer: Chief Executive Officer 200 E. RANDOLPH STREET SUITE 7600, CHICAGO IL 60601
Alicia R Knapp director C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
James Park director C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Andre Maciel officer: EVP & Global CFO C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Yang Xu officer: SVP, Global Head of Corp Dev C/O GAMESTOP CORP., 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Kathy Krenger officer: SVP & Global Chief Comm. Ofcr C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
3g Global Food Holdings Lp 10 percent owner C/O 3G CAPITAL INC., 600 THIRD AVE., 37TH FLOOR, NEW YORK NY 10016
Bruno Keller officer: Zone President, Canada 200 E. RANDOLPH STREET SUITE 7600, CHICAGO IL 60601

The Kraft Heinz Co (The Kraft Heinz Co) Headlines