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Uni-President Enterprises (TPE:1216) Cyclically Adjusted FCF per Share : NT$7.15 (As of Mar. 2024)


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What is Uni-President Enterprises 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.

Uni-President Enterprises's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-0.064. 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 NT$7.15 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Uni-President Enterprises's average Cyclically Adjusted FCF Growth Rate was 20.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.80% 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 Uni-President Enterprises was 18.80% per year. The lowest was 18.10% per year. And the median was 18.45% per year.

As of today (2024-06-08), Uni-President Enterprises's current stock price is NT$80.30. Uni-President Enterprises's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$7.15. Uni-President Enterprises's Cyclically Adjusted Price-to-FCF of today is 11.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Uni-President Enterprises was 26.68. The lowest was 9.80. And the median was 14.61.


Uni-President Enterprises Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Uni-President Enterprises'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.

Uni-President Enterprises Cyclically Adjusted FCF per Share Chart

Uni-President Enterprises 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 3.57 4.19 5.07 5.88 7.02

Uni-President Enterprises 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 5.94 6.31 6.87 7.02 7.15

Competitive Comparison of Uni-President Enterprises's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Uni-President Enterprises'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.


Uni-President Enterprises's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



Uni-President Enterprises 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, Uni-President Enterprises'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)
=-0.064/131.7762*131.7762
=-0.064

Current CPI (Mar. 2024) = 131.7762.

Uni-President Enterprises Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.023 100.560 0.030
201409 0.674 100.428 0.884
201412 -0.194 99.070 -0.258
201503 1.506 99.621 1.992
201506 0.994 100.684 1.301
201509 1.756 100.392 2.305
201512 1.057 99.792 1.396
201603 1.621 100.470 2.126
201606 1.241 101.688 1.608
201609 1.062 101.861 1.374
201612 2.916 101.863 3.772
201703 -1.145 102.862 -1.467
201706 2.262 103.349 2.884
201709 1.812 104.136 2.293
201712 2.330 104.011 2.952
201803 -0.641 105.290 -0.802
201806 1.749 106.317 2.168
201809 2.895 106.507 3.582
201812 0.841 105.998 1.046
201903 0.932 107.251 1.145
201906 2.023 108.070 2.467
201909 3.423 108.329 4.164
201912 1.260 108.420 1.531
202003 1.024 108.902 1.239
202006 2.425 108.767 2.938
202009 3.356 109.815 4.027
202012 1.094 109.897 1.312
202103 -0.503 111.754 -0.593
202106 2.153 114.631 2.475
202109 2.147 115.734 2.445
202112 2.925 117.630 3.277
202203 -0.586 121.301 -0.637
202206 2.984 125.017 3.145
202209 2.610 125.227 2.747
202212 2.306 125.222 2.427
202303 -0.660 127.348 -0.683
202306 2.356 128.729 2.412
202309 4.676 129.860 4.745
202312 1.767 129.419 1.799
202403 -0.064 131.776 -0.064

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


Uni-President Enterprises  (TPE:1216) 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.

Uni-President Enterprises's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=80.30/7.15
=11.23

* 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 Uni-President Enterprises was 26.68. The lowest was 9.80. And the median was 14.61.


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.


Uni-President Enterprises Cyclically Adjusted FCF per Share Related Terms

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


Uni-President Enterprises (TPE:1216) Business Description

Traded in Other Exchanges
N/A
Address
No. 301, Zhongzheng Road, Yongkang District, Tainan, TWN, 710401
Uni-President Enterprises is one of the largest food conglomerates in Asia. It produces and sells a comprehensive range of food products through its company and affiliates. Core business includes food manufacturing and investments in other related business. Product categories include feeds, flour, edible oils, soy sauce, meat products, instant noodles, bread, beverages, dairy products, frozen food, and health food. Through its network of 200 affiliates, its convenient stores, retail, logistics, construction, finance, and recreation operations are located all across Taiwan, mainland China, and Southeast Asia.

Uni-President Enterprises (TPE:1216) Headlines

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