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CALBEE (TSE:2229) Cyclically Adjusted Price-to-FCF : 45.63 (As of Jun. 08, 2024)


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What is CALBEE Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), CALBEE's current share price is 円3167.00. CALBEE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円69.40. CALBEE's Cyclically Adjusted Price-to-FCF for today is 45.63.

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

TSE:2229' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.75   Med: 31.73   Max: 52.41
Current: 44.55

During the past years, CALBEE's highest Cyclically Adjusted Price-to-FCF was 52.41. The lowest was 23.75. And the median was 31.73.

TSE:2229's Cyclically Adjusted Price-to-FCF is ranked worse than
74.37% of 718 companies
in the Consumer Packaged Goods industry
Industry Median: 23.205 vs TSE:2229: 44.55

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.

CALBEE's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円122.463. 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 円69.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CALBEE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CALBEE'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.

CALBEE Cyclically Adjusted Price-to-FCF Chart

CALBEE Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 31.06 24.11 31.86 49.25

CALBEE 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 31.86 30.90 36.34 40.94 49.25

Competitive Comparison of CALBEE's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, CALBEE'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.


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

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

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



CALBEE 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.

CALBEE's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3167.00/69.4
=45.63

* 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.

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

For example, CALBEE'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)
=122.463/107.2000*107.2000
=122.463

Current CPI (Mar. 2024) = 107.2000.

CALBEE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.465 98.000 -1.603
201409 31.209 98.500 33.966
201412 -66.333 97.900 -72.634
201503 88.676 97.900 97.100
201506 -37.265 98.400 -40.598
201509 9.098 98.500 9.902
201512 -79.933 98.100 -87.348
201603 117.877 97.900 129.075
201606 19.155 98.100 20.932
201609 18.143 98.000 19.846
201612 -97.562 98.400 -106.287
201703 181.232 98.100 198.044
201706 -14.550 98.500 -15.835
201709 -73.149 98.800 -79.368
201712 -34.264 99.400 -36.953
201803 109.808 99.200 118.663
201806 17.066 99.200 18.442
201809 27.725 99.900 29.751
201812 -18.503 99.700 -19.895
201903 105.942 99.700 113.912
201906 24.226 99.800 26.022
201909 132.998 100.100 142.431
201912 -102.772 100.500 -109.623
202003 180.782 100.300 193.219
202006 30.185 99.900 32.391
202009 43.052 99.900 46.198
202012 -113.305 99.300 -122.319
202103 183.065 99.900 196.442
202106 8.987 99.500 9.682
202109 34.693 100.100 37.154
202112 -154.314 100.100 -165.259
202203 180.638 101.100 191.537
202206 15.745 101.800 16.580
202209 10.726 103.100 11.153
202212 -176.405 104.100 -181.658
202303 93.877 104.400 96.395
202306 11.078 105.200 11.289
202309 -44.339 106.200 -44.757
202312 -143.931 106.800 -144.470
202403 122.463 107.200 122.463

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.


CALBEE  (TSE:2229) 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.


CALBEE Cyclically Adjusted Price-to-FCF Related Terms

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


CALBEE (TSE:2229) Business Description

Traded in Other Exchanges
Address
1-8-3 Marunouchi, Chiyoda-ku, 22nd Floor, Marunouchi Trust Tower Main, Tokyo, JPN, 100-0005
Calbee, listed in 2011, is a leader in Japan's snack food industry with nearly 54% of the domestic market. Potato snacks, including chips and the company's original Jagarico and Jagabee potato strips, are a core strength, demonstrated by a dominant 71% share in potato chips. Growth in the Frugra brand, the best-selling cereal product with a 38% share in the domestic cereal market, is the latest growth driver in China. The overseas business, constituting 16% of group sales, has been undergoing restructuring since the partnership with Tingyi and PepsiCo unwound. Apart from China and the U.S., Indonesia and the U.K. are emerging as new growth drivers. Easing competition should end losses in Indonesia while the integration of Calbee U.K. and Seabrook will enhance cost efficiencies.

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