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AAK AB (OSTO:AAK) Cyclically Adjusted FCF per Share : kr3.21 (As of Mar. 2024)


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What is AAK AB 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.

AAK AB's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr1.743. 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 kr3.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AAK AB's average Cyclically Adjusted FCF Growth Rate was 39.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -5.10% 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 AAK AB was -0.20% per year. The lowest was -10.70% per year. And the median was -5.50% per year.

As of today (2024-05-15), AAK AB's current stock price is kr289.20. AAK AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr3.21. AAK AB's Cyclically Adjusted Price-to-FCF of today is 90.09.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AAK AB was 93.07. The lowest was 34.35. And the median was 60.18.


AAK AB Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AAK AB'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.

AAK AB Cyclically Adjusted FCF per Share Chart

AAK AB 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 2.93 3.10 3.05 2.09 3.08

AAK AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.31 2.59 2.81 3.08 3.21

Competitive Comparison of AAK AB's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, AAK AB'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.


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

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

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



AAK AB 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, AAK AB'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)
=1.743/130.9575*130.9575
=1.743

Current CPI (Mar. 2024) = 130.9575.

AAK AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.663 100.432 0.865
201409 -0.205 100.161 -0.268
201412 1.954 100.225 2.553
201503 1.054 99.950 1.381
201506 0.846 99.995 1.108
201509 0.095 100.228 0.124
201512 0.937 100.276 1.224
201603 -0.824 100.751 -1.071
201606 1.285 101.019 1.666
201609 -1.576 101.138 -2.041
201612 2.041 102.022 2.620
201703 -2.215 102.022 -2.843
201706 -0.098 102.752 -0.125
201709 1.245 103.279 1.579
201712 2.179 103.793 2.749
201803 -2.073 103.962 -2.611
201806 0.871 104.875 1.088
201809 1.435 105.679 1.778
201812 1.206 105.912 1.491
201903 1.051 105.886 1.300
201906 0.920 106.742 1.129
201909 -0.376 107.214 -0.459
201912 1.358 107.766 1.650
202003 -0.336 106.563 -0.413
202006 0.338 107.498 0.412
202009 1.206 107.635 1.467
202012 3.811 108.296 4.608
202103 -0.203 108.360 -0.245
202106 0.343 108.928 0.412
202109 -0.661 110.338 -0.785
202112 0.093 112.486 0.108
202203 -5.323 114.825 -6.071
202206 -0.836 118.384 -0.925
202209 -1.172 122.296 -1.255
202212 2.238 126.365 2.319
202303 3.140 127.042 3.237
202306 5.304 129.407 5.368
202309 3.589 130.224 3.609
202312 3.626 130.958 3.626
202403 1.743 130.958 1.743

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


AAK AB  (OSTO:AAK) 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.

AAK AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=289.20/3.21
=90.09

* 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 AAK AB was 93.07. The lowest was 34.35. And the median was 60.18.


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.


AAK AB Cyclically Adjusted FCF per Share Related Terms

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


AAK AB (OSTO:AAK) Business Description

Industry
Traded in Other Exchanges
Address
Skrivaregatan 9, Malmo, SWE, SE-215 32
AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food ingredients, Chocolate & confectionery fats, and Technical products & feed. The food ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. The majority is from the Food ingredients segment.

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