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International Flavors & Fragrances (BSP:I1FF34) Cyclically Adjusted FCF per Share : R$12.40 (As of Jun. 2024)


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What is International Flavors & Fragrances 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.

International Flavors & Fragrances's adjusted free cash flow per share for the three months ended in Jun. 2024 was R$1.631. 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 R$12.40 for the trailing ten years ended in Jun. 2024.

During the past 12 months, International Flavors & Fragrances's average Cyclically Adjusted FCF Growth Rate was 0.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% 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 International Flavors & Fragrances was 10.60% per year. The lowest was 0.20% per year. And the median was 4.30% per year.

As of today (2024-10-31), International Flavors & Fragrances's current stock price is R$279.20. International Flavors & Fragrances's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was R$12.40. International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF of today is 22.52.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of International Flavors & Fragrances was 47.11. The lowest was 14.32. And the median was 36.18.


International Flavors & Fragrances Cyclically Adjusted FCF per Share Historical Data

The historical data trend for International Flavors & Fragrances'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.

International Flavors & Fragrances Cyclically Adjusted FCF per Share Chart

International Flavors & Fragrances 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 - 9.98 11.35 11.35 10.86

International Flavors & Fragrances Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 10.47 11.10 10.86 11.15 12.40

Competitive Comparison of International Flavors & Fragrances's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, International Flavors & Fragrances'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.


International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF falls into.



International Flavors & Fragrances 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, International Flavors & Fragrances's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=1.631/132.5538*132.5538
=1.631

Current CPI (Jun. 2024) = 132.5538.

International Flavors & Fragrances Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 1.806 100.428 2.384
201412 2.527 99.070 3.381
201503 0.234 99.621 0.311
201506 2.228 100.684 2.933
201509 2.410 100.392 3.182
201512 3.336 99.792 4.431
201603 0.403 100.470 0.532
201606 2.387 101.688 3.112
201609 2.902 101.861 3.776
201612 3.199 101.863 4.163
201703 -0.161 102.862 -0.207
201706 0.414 103.349 0.531
201709 2.179 104.136 2.774
201712 2.896 104.011 3.691
201803 -0.919 105.290 -1.157
201806 0.767 106.317 0.956
201809 2.813 106.507 3.501
201812 2.850 105.998 3.564
201903 -0.176 107.251 -0.218
201906 1.301 108.070 1.596
201909 2.735 108.329 3.347
201912 4.383 108.420 5.359
202003 -0.692 108.902 -0.842
202006 3.641 108.767 4.437
202009 3.861 109.815 4.660
202012 5.212 109.897 6.287
202103 3.625 111.754 4.300
202106 2.642 114.631 3.055
202109 3.592 115.734 4.114
202112 1.774 117.630 1.999
202203 -1.347 121.301 -1.472
202206 -1.495 125.017 -1.585
202209 1.357 125.227 1.436
202212 0.494 125.222 0.523
202303 -0.490 127.348 -0.510
202306 1.266 128.729 1.304
202309 3.087 129.860 3.151
202312 5.102 129.419 5.226
202403 -0.185 131.776 -0.186
202406 1.631 132.554 1.631

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


International Flavors & Fragrances  (BSP:I1FF34) 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.

International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=279.20/12.4
=22.52

* 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 International Flavors & Fragrances was 47.11. The lowest was 14.32. And the median was 36.18.


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.


International Flavors & Fragrances Cyclically Adjusted FCF per Share Related Terms

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


International Flavors & Fragrances Business Description

Address
521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world.

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