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Treehouse Foods (STU:T4H) Cyclically Adjusted FCF per Share : €3.75 (As of Mar. 2024)


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What is Treehouse Foods 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.

Treehouse Foods's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-1.380. 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 €3.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Treehouse Foods's average Cyclically Adjusted FCF Growth Rate was -5.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -2.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% 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 Treehouse Foods was 11.30% per year. The lowest was -2.70% per year. And the median was 5.50% per year.

As of today (2024-05-23), Treehouse Foods's current stock price is €32.40. Treehouse Foods's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.75. Treehouse Foods's Cyclically Adjusted Price-to-FCF of today is 8.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Treehouse Foods was 30.74. The lowest was 6.20. And the median was 12.01.


Treehouse Foods Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Treehouse Foods'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.

Treehouse Foods Cyclically Adjusted FCF per Share Chart

Treehouse Foods 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 4.00 3.71 4.38 4.12 3.78

Treehouse Foods 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 3.96 4.00 4.13 3.78 3.75

Competitive Comparison of Treehouse Foods's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Treehouse Foods'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.


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

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

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



Treehouse Foods 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, Treehouse Foods'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)
=-1.38/131.7762*131.7762
=-1.380

Current CPI (Mar. 2024) = 131.7762.

Treehouse Foods Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.645 100.560 0.845
201409 -0.809 100.428 -1.062
201412 2.378 99.070 3.163
201503 1.197 99.621 1.583
201506 0.948 100.684 1.241
201509 -0.013 100.392 -0.017
201512 2.142 99.792 2.829
201603 1.431 100.470 1.877
201606 1.031 101.688 1.336
201609 0.077 101.861 0.100
201612 2.278 101.863 2.947
201703 0.570 102.862 0.730
201706 3.231 103.349 4.120
201709 -1.450 104.136 -1.835
201712 2.980 104.011 3.775
201803 0.235 105.290 0.294
201806 1.921 106.317 2.381
201809 0.136 106.507 0.168
201812 2.829 105.998 3.517
201903 -1.155 107.251 -1.419
201906 0.190 108.070 0.232
201909 0.032 108.329 0.039
201912 3.523 108.420 4.282
202003 0.505 108.902 0.611
202006 0.563 108.767 0.682
202009 -0.350 109.815 -0.420
202012 3.833 109.897 4.596
202103 -0.593 111.754 -0.699
202106 -1.076 114.631 -1.237
202109 1.467 115.734 1.670
202112 4.067 117.630 4.556
202203 -1.465 121.301 -1.592
202206 0.338 125.017 0.356
202209 -1.881 125.227 -1.979
202212 -1.175 125.222 -1.237
202303 -1.031 127.348 -1.067
202306 -0.681 128.729 -0.697
202309 0.626 129.860 0.635
202312 1.376 129.419 1.401
202403 -1.380 131.776 -1.380

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


Treehouse Foods  (STU:T4H) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=32.40/3.75
=8.64

* 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 Treehouse Foods was 30.74. The lowest was 6.20. And the median was 12.01.


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.


Treehouse Foods Cyclically Adjusted FCF per Share Related Terms

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


Treehouse Foods (STU:T4H) Business Description

Traded in Other Exchanges
Address
2021 Spring Road, Suite 600, Oak Brook, IL, USA, 60523
TreeHouse Foods, the largest private label manufacturer in the U.S., is the product of a slew of acquisitions, the most significant being the 2016 acquisition of Ralcorp, Conagra's former private brands business. The firm plays in over 25 categories, including snacks like pretzels and cookies, meals like pasta and dry dinners, and single-serve beverages like pods and ready-to-drink coffee. Retailers represent its most significant end-market, where it sells products for resale under retailer brands, but it also serves foodservice customers (providing a similar service as its retail business), industrial (selling bulk food for repackaging and repurposing), and branded consumer goods firms (under co-packing arrangements). Over 90% of its revenue comes from the U.S.

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