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Tootsie Roll Industries (Tootsie Roll Industries) Cyclically Adjusted FCF per Share : $1.00 (As of Dec. 2023)


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What is Tootsie Roll Industries 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.

Tootsie Roll Industries's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.667. 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 $1.00 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Tootsie Roll Industries's average Cyclically Adjusted FCF Growth Rate was -2.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 3.70% 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 Tootsie Roll Industries was 32.00% per year. The lowest was -1.90% per year. And the median was 3.20% per year.

As of today (2024-04-29), Tootsie Roll Industries's current stock price is $29.82. Tootsie Roll Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.00. Tootsie Roll Industries's Cyclically Adjusted Price-to-FCF of today is 29.82.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tootsie Roll Industries was 44.61. The lowest was 25.27. And the median was 31.48.


Tootsie Roll Industries Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tootsie Roll Industries'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.

Tootsie Roll Industries Cyclically Adjusted FCF per Share Chart

Tootsie Roll Industries 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 0.95 0.95 1.04 1.03 1.00

Tootsie Roll Industries 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 1.03 0.98 0.98 1.04 1.00

Competitive Comparison of Tootsie Roll Industries's Cyclically Adjusted FCF per Share

For the Confectioners subindustry, Tootsie Roll Industries'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.


Tootsie Roll Industries's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



Tootsie Roll Industries 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, Tootsie Roll Industries'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)
=0.667/129.4194*129.4194
=0.667

Current CPI (Dec. 2023) = 129.4194.

Tootsie Roll Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.006 99.695 0.008
201406 0.079 100.560 0.102
201409 -0.055 100.428 -0.071
201412 0.937 99.070 1.224
201503 0.057 99.621 0.074
201506 0.137 100.684 0.176
201509 0.027 100.392 0.035
201512 0.728 99.792 0.944
201603 0.083 100.470 0.107
201606 0.059 101.688 0.075
201609 0.288 101.861 0.366
201612 0.619 101.863 0.786
201703 0.090 102.862 0.113
201706 -0.078 103.349 -0.098
201709 0.074 104.136 0.092
201712 0.254 104.011 0.316
201803 0.025 105.290 0.031
201806 -0.094 106.317 -0.114
201809 0.384 106.507 0.467
201812 0.644 105.998 0.786
201903 0.077 107.251 0.093
201906 -0.063 108.070 -0.075
201909 0.277 108.329 0.331
201912 0.769 108.420 0.918
202003 0.144 108.902 0.171
202006 -0.085 108.767 -0.101
202009 0.110 109.815 0.130
202012 0.593 109.897 0.698
202103 0.156 111.754 0.181
202106 -0.177 114.631 -0.200
202109 0.147 115.734 0.164
202112 0.609 117.630 0.670
202203 0.148 121.301 0.158
202206 -0.280 125.017 -0.290
202209 0.310 125.227 0.320
202212 0.493 125.222 0.510
202303 -0.173 127.348 -0.176
202306 -0.046 128.729 -0.046
202309 0.502 129.860 0.500
202312 0.667 129.419 0.667

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


Tootsie Roll Industries  (NYSE:TR) 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.

Tootsie Roll Industries's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=29.82/1
=29.82

* 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 Tootsie Roll Industries was 44.61. The lowest was 25.27. And the median was 31.48.


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.


Tootsie Roll Industries Cyclically Adjusted FCF per Share Related Terms

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


Tootsie Roll Industries (Tootsie Roll Industries) Business Description

Traded in Other Exchanges
Address
7401 South Cicero Avenue, Chicago, IL, USA, 60629
Tootsie Roll Industries Inc manufactures and sells candy products. Notable varieties include Tootsie Roll and Tootsie Pops, Charms, Blow-Pops, Dots, Junior Mints, Sugar Daddy and Sugar Babies, Andes, Dubble Bubble, and Razzles. The company sells its products to wholesale distributors and directly to retail stores. Geographically, it generates a majority of its revenue from the United States.
Executives
Henry G Mills officer: Vice President C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
Leigh R Weiner 10 percent owner
Virginia L Gordon director C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
Stephen Green officer: VP Manufacturing C/O TOOTAIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE., CHICAGO IL 60629
Ellen R Gordon director, 10 percent owner, officer: President
Lewis Brent Lana Jane director
Newlin John W. Jr. officer: Vice President-Mfg. C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVENUE, CHICAGO IL 60629
Barre A Seibert director C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
G Howard Ember officer: CFO
John P Majors officer: VP-Logistics TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE., CHICAGO IL 60629
Melvin J Gordon director, 10 percent owner, officer: Chairman