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United Natural Foods (STU:UN3) Cyclically Adjusted FCF per Share : €2.60 (As of Jan. 2024)


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What is United Natural 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.

United Natural Foods's adjusted free cash flow per share for the three months ended in Jan. 2024 was €1.793. 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 €2.60 for the trailing ten years ended in Jan. 2024.

During the past 12 months, United Natural Foods's average Cyclically Adjusted FCF Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 25.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 25.80% 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 United Natural Foods was 48.70% per year. The lowest was -37.90% per year. And the median was 25.35% per year.

As of today (2024-05-27), United Natural Foods's current stock price is €10.825. United Natural Foods's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €2.60. United Natural Foods's Cyclically Adjusted Price-to-FCF of today is 4.16.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of United Natural Foods was 2082.50. The lowest was 3.28. And the median was 19.41.


United Natural Foods Cyclically Adjusted FCF per Share Historical Data

The historical data trend for United Natural 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.

United Natural Foods Cyclically Adjusted FCF per Share Chart

United Natural Foods Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 1.21 1.67 2.13 2.53

United Natural Foods 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 2.29 2.42 2.53 2.29 2.60

Competitive Comparison of United Natural Foods's Cyclically Adjusted FCF per Share

For the Food Distribution subindustry, United Natural 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.


United Natural Foods's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

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

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



United Natural 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, United Natural Foods'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)
=1.793/130.1244*130.1244
=1.793

Current CPI (Jan. 2024) = 130.1244.

United Natural Foods Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.238 100.023 -0.310
201407 0.646 100.520 0.836
201410 -1.986 100.176 -2.580
201501 0.292 98.604 0.385
201504 0.079 99.824 0.103
201507 0.442 100.691 0.571
201510 -0.037 100.346 -0.048
201601 1.942 99.957 2.528
201604 1.266 100.947 1.632
201607 1.410 101.524 1.807
201610 -0.295 101.988 -0.376
201701 1.680 102.456 2.134
201704 0.897 103.167 1.131
201707 1.602 103.278 2.018
201710 -0.758 104.070 -0.948
201801 0.428 104.578 0.533
201804 -0.674 105.708 -0.830
201807 2.108 106.324 2.580
201810 -2.122 106.695 -2.588
201901 1.192 106.200 1.461
201904 -0.096 107.818 -0.116
201907 1.982 108.250 2.383
201910 -3.056 108.577 -3.662
202001 2.153 108.841 2.574
202004 6.290 108.173 7.566
202007 -0.659 109.318 -0.784
202010 -1.524 109.861 -1.805
202101 2.968 110.364 3.499
202104 0.774 112.673 0.894
202107 1.848 115.183 2.088
202110 -1.933 116.696 -2.155
202201 1.072 118.619 1.176
202204 -1.916 121.978 -2.044
202207 4.335 125.002 4.513
202210 -5.421 125.734 -5.610
202301 6.815 126.223 7.026
202304 0.981 127.992 0.997
202307 1.769 128.974 1.785
202310 -5.292 129.810 -5.305
202401 1.793 130.124 1.793

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


United Natural Foods  (STU:UN3) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.825/2.6
=4.16

* 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 United Natural Foods was 2082.50. The lowest was 3.28. And the median was 19.41.


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.


United Natural Foods Cyclically Adjusted FCF per Share Related Terms

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


United Natural Foods (STU:UN3) Business Description

Traded in Other Exchanges
Address
313 Iron Horse Way, Providence, RI, USA, 02908
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.

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