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JM Smucker Co (STU:JM2) Cyclically Adjusted FCF per Share : €8.40 (As of Jan. 2024)


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What is JM Smucker 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.

JM Smucker Co's adjusted free cash flow per share for the three months ended in Jan. 2024 was €2.164. 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 €8.40 for the trailing ten years ended in Jan. 2024.

During the past 12 months, JM Smucker Co's average Cyclically Adjusted FCF Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.30% 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 JM Smucker Co was 17.60% per year. The lowest was 1.10% per year. And the median was 10.10% per year.

As of today (2024-05-23), JM Smucker Co's current stock price is €103.20. JM Smucker Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €8.40. JM Smucker Co's Cyclically Adjusted Price-to-FCF of today is 12.29.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of JM Smucker Co was 35.41. The lowest was 11.74. And the median was 18.11.


JM Smucker Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for JM Smucker 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.

JM Smucker Co Cyclically Adjusted FCF per Share Chart

JM Smucker Co Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.77 6.13 6.54 8.56 8.22

JM Smucker Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 7.94 8.22 8.34 8.68 8.40

Competitive Comparison of JM Smucker Co's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, JM Smucker 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.


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

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

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



JM Smucker 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, JM Smucker Co's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=2.164/130.1244*130.1244
=2.164

Current CPI (Jan. 2024) = 130.1244.

JM Smucker Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.980 100.023 1.275
201407 -0.418 100.520 -0.541
201410 0.213 100.176 0.277
201501 3.227 98.604 4.259
201504 1.205 99.824 1.571
201507 1.939 100.691 2.506
201510 1.578 100.346 2.046
201601 3.854 99.957 5.017
201604 2.198 100.947 2.833
201607 1.473 101.524 1.888
201610 0.803 101.988 1.025
201701 2.973 102.456 3.776
201704 1.700 103.167 2.144
201707 1.801 103.278 2.269
201710 0.526 104.070 0.658
201801 2.821 104.578 3.510
201804 1.463 105.708 1.801
201807 1.072 106.324 1.312
201810 0.961 106.695 1.172
201901 2.577 106.200 3.158
201904 1.429 107.818 1.725
201907 1.169 108.250 1.405
201910 1.280 108.577 1.534
202001 3.695 108.841 4.418
202004 1.710 108.173 2.057
202007 2.548 109.318 3.033
202010 2.439 109.861 2.889
202101 3.051 110.364 3.597
202104 1.387 112.673 1.602
202107 0.546 115.183 0.617
202110 0.844 116.696 0.941
202201 2.634 118.619 2.889
202204 1.870 121.978 1.995
202207 -1.176 125.002 -1.224
202210 0.981 125.734 1.015
202301 3.854 126.223 3.973
202304 2.580 127.992 2.623
202307 0.596 128.974 0.601
202310 0.261 129.810 0.262
202401 2.164 130.124 2.164

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


JM Smucker Co  (STU:JM2) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=103.20/8.4
=12.29

* 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 JM Smucker Co was 35.41. The lowest was 11.74. And the median was 18.11.


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.


JM Smucker Co Cyclically Adjusted FCF per Share Related Terms

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


JM Smucker Co (STU:JM2) Business Description

Traded in Other Exchanges
Address
One Strawberry Lane, Orrville, OH, USA, 44667-0280
J.M. Smucker is a packaged food company that primarily sells through the U.S. retail channel (77% of forecast fiscal 2024 revenue), with the remaining share consisting of Hostess, foodservice, and international (primarily Canada). Following the divestiture of several pet foods brands and private-label products that constituted about $1.5 billion of sales, retail coffee is now its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.

JM Smucker Co (STU:JM2) Headlines

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