GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Hershey Co (BSP:HSHY34) » Definitions » Cyclically Adjusted Price-to-FCF

The Hershey Co (BSP:HSHY34) Cyclically Adjusted Price-to-FCF : 29.72 (As of May. 28, 2024)


View and export this data going back to 2015. Start your Free Trial

What is The Hershey Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), The Hershey Co's current share price is R$202.11. The Hershey Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$6.80. The Hershey Co's Cyclically Adjusted Price-to-FCF for today is 29.72.

The historical rank and industry rank for The Hershey Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:HSHY34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.34   Med: 34.71   Max: 42.89
Current: 28.76

During the past years, The Hershey Co's highest Cyclically Adjusted Price-to-FCF was 42.89. The lowest was 26.34. And the median was 34.71.

BSP:HSHY34's Cyclically Adjusted Price-to-FCF is ranked worse than
56.68% of 704 companies
in the Consumer Packaged Goods industry
Industry Median: 23.415 vs BSP:HSHY34: 28.76

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.

The Hershey Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$1.730. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$6.80 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Hershey Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Hershey Co's Cyclically Adjusted Price-to-FCF 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.

The Hershey Co Cyclically Adjusted Price-to-FCF Chart

The Hershey Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.68 34.49 35.96 37.67 28.13

The Hershey 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 Price-to-FCF 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 39.63 38.05 30.10 28.13 28.40

Competitive Comparison of The Hershey Co's Cyclically Adjusted Price-to-FCF

For the Confectioners subindustry, The Hershey 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.


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

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

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



The Hershey Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

The Hershey Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=202.11/6.8
=29.72

* 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.

The Hershey Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, The Hershey 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)
=1.73/131.7762*131.7762
=1.730

Current CPI (Mar. 2024) = 131.7762.

The Hershey Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.202 100.560 -0.265
201409 0.276 100.428 0.362
201412 0.753 99.070 1.002
201503 0.554 99.621 0.733
201506 0.390 100.684 0.510
201509 0.082 100.392 0.108
201512 1.925 99.792 2.542
201603 0.775 100.470 1.016
201606 0.117 101.688 0.152
201609 0.054 101.861 0.070
201612 1.447 101.863 1.872
201703 0.587 102.862 0.752
201706 0.153 103.349 0.195
201709 0.663 104.136 0.839
201712 1.596 104.011 2.022
201803 0.903 105.290 1.130
201806 0.628 106.317 0.778
201809 0.720 106.507 0.891
201812 2.281 105.998 2.836
201903 0.866 107.251 1.064
201906 0.973 108.070 1.186
201909 0.989 108.329 1.203
201912 2.688 108.420 3.267
202003 0.683 108.902 0.826
202006 1.397 108.767 1.693
202009 1.936 109.815 2.323
202012 2.235 109.897 2.680
202103 2.676 111.754 3.155
202106 1.428 114.631 1.642
202109 1.355 115.734 1.543
202112 2.893 117.630 3.241
202203 2.475 121.301 2.689
202206 1.748 125.017 1.843
202209 1.664 125.227 1.751
202212 3.093 125.222 3.255
202303 2.932 127.348 3.034
202306 0.661 128.729 0.677
202309 1.431 129.860 1.452
202312 2.554 129.419 2.601
202403 1.730 131.776 1.730

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


The Hershey Co  (BSP:HSHY34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


The Hershey Co Cyclically Adjusted Price-to-FCF Related Terms

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


The Hershey Co (BSP:HSHY34) Business Description

Traded in Other Exchanges
Address
19 East Chocolate Avenue, Hershey, PA, USA, 17033
Hershey is a leading confectionery manufacturer in the U.S. (around a $25 billion market), controlling around 45% of the domestic chocolate space (per IRI, as cited by Hershey). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the U.S., including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.

The Hershey Co (BSP:HSHY34) Headlines

No Headlines