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Adecoagro (FRA:ACD) Cyclically Adjusted FCF per Share : €0.44 (As of Mar. 2024)


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What is Adecoagro 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.

Adecoagro's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-1.166. 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 €0.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Adecoagro's average Cyclically Adjusted FCF Growth Rate was 220.00% 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 Adecoagro was 37.40% per year. The lowest was 37.40% per year. And the median was 37.40% per year.

As of today (2024-06-09), Adecoagro's current stock price is €8.23. Adecoagro's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.44. Adecoagro's Cyclically Adjusted Price-to-FCF of today is 18.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Adecoagro was 445.00. The lowest was 18.77. And the median was 37.73.


Adecoagro Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Adecoagro'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.

Adecoagro Cyclically Adjusted FCF per Share Chart

Adecoagro 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 -0.38 -0.25 -0.11 0.20 0.46

Adecoagro 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 0.14 0.20 0.37 0.46 0.44

Competitive Comparison of Adecoagro's Cyclically Adjusted FCF per Share

For the Farm Products subindustry, Adecoagro'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.


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

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

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



Adecoagro 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, Adecoagro'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)
=-1.166/122.5900*122.5900
=-1.166

Current CPI (Mar. 2024) = 122.5900.

Adecoagro Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.425 99.960 -0.521
201409 -0.215 99.900 -0.264
201412 -0.068 98.830 -0.084
201503 -0.161 99.980 -0.197
201506 -0.209 100.640 -0.255
201509 -0.111 100.380 -0.136
201512 0.495 99.910 0.607
201603 -0.179 100.030 -0.219
201606 -0.197 100.660 -0.240
201609 -0.056 100.750 -0.068
201612 1.307 101.040 1.586
201703 -0.515 101.780 -0.620
201706 0.078 102.170 0.094
201709 0.073 102.520 0.087
201712 0.579 102.410 0.693
201803 -0.472 102.900 -0.562
201806 -0.127 103.650 -0.150
201809 0.215 104.580 0.252
201812 0.431 104.320 0.506
201903 -0.719 105.140 -0.838
201906 -0.106 105.550 -0.123
201909 0.515 105.900 0.596
201912 0.736 106.080 0.851
202003 -0.149 106.040 -0.172
202006 -0.125 106.340 -0.144
202009 0.311 106.620 0.358
202012 0.506 106.670 0.582
202103 -0.599 108.140 -0.679
202106 0.382 108.680 0.431
202109 0.508 109.470 0.569
202112 0.746 111.090 0.823
202203 -0.836 114.780 -0.893
202206 0.124 116.750 0.130
202209 0.359 117.000 0.376
202212 1.621 117.060 1.698
202303 -1.159 118.910 -1.195
202306 0.294 120.460 0.299
202309 1.476 121.740 1.486
202312 1.042 121.170 1.054
202403 -1.166 122.590 -1.166

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


Adecoagro  (FRA:ACD) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=8.23/0.44
=18.70

* 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 Adecoagro was 445.00. The lowest was 18.77. And the median was 37.73.


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.


Adecoagro Cyclically Adjusted FCF per Share Related Terms

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


Adecoagro (FRA:ACD) Business Description

Traded in Other Exchanges
Address
6, Rue Eugene Ruppert, Vertigo Naos Building, Luxembourg, LUX, L-2453
Adecoagro SA is a Luxembourg-based agricultural company. It is involved in a wide range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol, energy production, and land transformation. The company operates through three segments namely Farming, Sugar, Ethanol and Energy, and Land Transformation. The Farming segment consists of planting, harvesting, and sale of grains, oilseeds and fibers, rice, and production and sale of dairy products; the Sugar, Ethanol, and Energy segment consists of cultivating sugar cane which is processed in owned sugar mills, transformed into ethanol; and the Land Transformation segment comprises identification and acquisition of underdeveloped and undermanaged farmland.

Adecoagro (FRA:ACD) Headlines

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