GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meiji Holdings Co Ltd (TSE:2269) » Definitions » Cyclically Adjusted Price-to-FCF

Meiji Holdings Co (TSE:2269) Cyclically Adjusted Price-to-FCF : 28.48 (As of Apr. 27, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Meiji Holdings Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Meiji Holdings Co's current share price is 円3499.00. Meiji Holdings Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円122.85. Meiji Holdings Co's Cyclically Adjusted Price-to-FCF for today is 28.48.

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

TSE:2269' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.75   Med: 28.82   Max: 129.36
Current: 27.96

During the past years, Meiji Holdings Co's highest Cyclically Adjusted Price-to-FCF was 129.36. The lowest was 19.75. And the median was 28.82.

TSE:2269's Cyclically Adjusted Price-to-FCF is ranked worse than
58.31% of 698 companies
in the Consumer Packaged Goods industry
Industry Median: 23.435 vs TSE:2269: 27.96

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.

Meiji Holdings Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was 円83.341. 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122.85 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meiji Holdings Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Meiji Holdings 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.

Meiji Holdings Co Cyclically Adjusted Price-to-FCF Chart

Meiji Holdings 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 - 36.45 20.96 21.34 25.95

Meiji Holdings 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 32.74 25.95 30.53 33.62 27.26

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

For the Packaged Foods subindustry, Meiji Holdings 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.


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

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

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



Meiji Holdings 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3499.00/122.85
=28.48

* 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.

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

For example, Meiji Holdings 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)
=83.341/106.8000*106.8000
=83.341

Current CPI (Dec. 2023) = 106.8000.

Meiji Holdings Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.000 95.700 0.000
201406 0.000 98.000 0.000
201409 0.000 98.500 0.000
201412 0.000 97.900 0.000
201503 0.000 97.900 0.000
201506 0.000 98.400 0.000
201509 0.000 98.500 0.000
201512 0.000 98.100 0.000
201603 0.000 97.900 0.000
201606 0.000 98.100 0.000
201609 0.000 98.000 0.000
201612 0.000 98.400 0.000
201703 0.000 98.100 0.000
201706 0.000 98.500 0.000
201709 0.000 98.800 0.000
201712 0.000 99.400 0.000
201803 0.000 99.200 0.000
201806 0.000 99.200 0.000
201809 0.000 99.900 0.000
201812 0.000 99.700 0.000
201903 0.000 99.700 0.000
201906 -47.689 99.800 -51.034
201909 31.205 100.100 33.294
201912 36.334 100.500 38.612
202003 128.255 100.300 136.567
202006 -24.664 99.900 -26.368
202009 50.714 99.900 54.217
202012 35.507 99.300 38.189
202103 130.664 99.900 139.689
202106 -48.915 99.500 -52.504
202109 94.073 100.100 100.370
202112 -4.848 100.100 -5.172
202203 80.428 101.100 84.963
202206 -76.019 101.800 -79.753
202209 8.063 103.100 8.352
202212 -22.830 104.100 -23.422
202303 99.282 104.400 101.564
202306 -42.091 105.200 -42.731
202309 45.102 106.200 45.357
202312 83.341 106.800 83.341

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.


Meiji Holdings Co  (TSE:2269) 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.


Meiji Holdings Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Meiji Holdings Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Meiji Holdings Co (TSE:2269) Business Description

Traded in Other Exchanges
Address
4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031
Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (TSE:2269) Headlines

No Headlines