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Kellanova Co (BSP:K1EL34) Cyclically Adjusted FCF per Share : R$7.98 (As of Mar. 2024)


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What is Kellanova 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.

Kellanova Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$1.513. 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$7.98 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kellanova Co's average Cyclically Adjusted FCF Growth Rate was 0.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 1.20% 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 Kellanova Co was 10.90% per year. The lowest was -4.20% per year. And the median was 4.30% per year.

As of today (2024-05-23), Kellanova Co's current stock price is R$158.24. Kellanova Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$7.98. Kellanova Co's Cyclically Adjusted Price-to-FCF of today is 19.83.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kellanova Co was 27.01. The lowest was 15.68. And the median was 21.74.


Kellanova Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kellanova 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.

Kellanova Co Cyclically Adjusted FCF per Share Chart

Kellanova 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 - 8.12 9.07 9.00 7.47

Kellanova Co 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 8.62 8.13 8.71 7.47 7.98

Competitive Comparison of Kellanova Co's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Kellanova 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.


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

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

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



Kellanova 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, Kellanova Co'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)
=1.513/131.7762*131.7762
=1.513

Current CPI (Mar. 2024) = 131.7762.

Kellanova Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.794 100.560 1.040
201409 1.279 100.428 1.678
201412 1.439 99.070 1.914
201503 0.053 99.621 0.070
201506 1.363 100.684 1.784
201509 1.409 100.392 1.849
201512 3.041 99.792 4.016
201603 -0.724 100.470 -0.950
201606 2.601 101.688 3.371
201609 1.130 101.861 1.462
201612 0.564 101.863 0.730
201703 -0.724 102.862 -0.928
201706 -0.056 103.349 -0.071
201709 -0.036 104.136 -0.046
201712 0.407 104.011 0.516
201803 0.452 105.290 0.566
201806 0.439 106.317 0.544
201809 2.119 106.507 2.622
201812 2.336 105.998 2.904
201903 -0.437 107.251 -0.537
201906 1.719 108.070 2.096
201909 1.584 108.329 1.927
201912 0.600 108.420 0.729
202003 1.981 108.902 2.397
202006 3.564 108.767 4.318
202009 4.011 109.815 4.813
202012 1.603 109.897 1.922
202103 0.508 111.754 0.599
202106 2.375 114.631 2.730
202109 2.701 115.734 3.075
202112 3.363 117.630 3.767
202203 1.375 121.301 1.494
202206 2.576 125.017 2.715
202209 2.225 125.227 2.341
202212 2.514 125.222 2.646
202303 0.551 127.348 0.570
202306 1.632 128.729 1.671
202309 4.216 129.860 4.278
202312 0.528 129.419 0.538
202403 1.513 131.776 1.513

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


Kellanova Co  (BSP:K1EL34) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=158.24/7.98
=19.83

* 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 Kellanova Co was 27.01. The lowest was 15.68. And the median was 21.74.


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.


Kellanova Co Cyclically Adjusted FCF per Share Related Terms

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


Kellanova Co (BSP:K1EL34) Business Description

Traded in Other Exchanges
Address
412 N. Wells Street, Chicago, IL, USA, 60654
Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base.

Kellanova Co (BSP:K1EL34) Headlines

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