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Sapporo Holdings (TSE:2501) Cyclically Adjusted FCF per Share : 円159.23 (As of Mar. 2024)


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What is Sapporo Holdings 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.

Sapporo Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円-53.498. 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 円159.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sapporo Holdings's average Cyclically Adjusted FCF Growth Rate was 2.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.50% 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 Sapporo Holdings was 34.80% per year. The lowest was -4.60% per year. And the median was 7.20% per year.

As of today (2024-05-24), Sapporo Holdings's current stock price is 円5198.00. Sapporo Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円159.23. Sapporo Holdings's Cyclically Adjusted Price-to-FCF of today is 32.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sapporo Holdings was 80.17. The lowest was 10.19. And the median was 20.36.


Sapporo Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sapporo Holdings'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.

Sapporo Holdings Cyclically Adjusted FCF per Share Chart

Sapporo Holdings 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 155.41 141.44 167.77 135.07 174.13

Sapporo Holdings 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 155.35 165.27 178.59 174.13 159.23

Competitive Comparison of Sapporo Holdings's Cyclically Adjusted FCF per Share

For the Beverages - Brewers subindustry, Sapporo Holdings'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.


Sapporo Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Sapporo Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Sapporo Holdings 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, Sapporo Holdings'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)
=-53.498/107.2000*107.2000
=-53.498

Current CPI (Mar. 2024) = 107.2000.

Sapporo Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.000 0.000
201409 0.000 98.500 0.000
201412 0.000 97.900 0.000
201503 0.000 97.900 0.000
201506 0.000 98.400 0.000
201509 0.000 98.500 0.000
201512 0.000 98.100 0.000
201603 0.000 97.900 0.000
201606 0.000 98.100 0.000
201609 0.000 98.000 0.000
201612 0.000 98.400 0.000
201703 0.000 98.100 0.000
201706 0.000 98.500 0.000
201709 0.000 98.800 0.000
201712 0.000 99.400 0.000
201803 39.619 99.200 42.814
201806 9.812 99.200 10.603
201809 115.863 99.900 124.329
201812 18.275 99.700 19.650
201903 18.262 99.700 19.636
201906 43.921 99.800 47.178
201909 188.448 100.100 201.814
201912 -31.690 100.500 -33.803
202003 94.527 100.300 101.030
202006 -131.744 99.900 -141.371
202009 174.329 99.900 187.068
202012 -89.509 99.300 -96.630
202103 -7.316 99.900 -7.851
202106 95.085 99.500 102.443
202109 117.817 100.100 126.174
202112 14.581 100.100 15.615
202203 -33.706 101.100 -35.740
202206 38.102 101.800 40.123
202209 75.678 103.100 78.688
202212 -103.250 104.100 -106.325
202303 138.302 104.400 142.011
202306 87.132 105.200 88.789
202309 109.296 106.200 110.325
202312 12.073 106.800 12.118
202403 -53.498 107.200 -53.498

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


Sapporo Holdings  (TSE:2501) 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.

Sapporo Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5198.00/159.23
=32.64

* 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 Sapporo Holdings was 80.17. The lowest was 10.19. And the median was 20.36.


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.


Sapporo Holdings Cyclically Adjusted FCF per Share Related Terms

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


Sapporo Holdings (TSE:2501) Business Description

Traded in Other Exchanges
Address
20-1, Ebisu 4-chome, Shibuya-ku, Tokyo, JPN, 150-8522
Sapporo Holdings Ltd primarily sells alcoholic beverages, food, and soft drinks. Alcoholic beverage sales in Japan, which consist mostly of beer sales under the Sapporo and Yebisu brand names, make up more than half of Sapporo's total revenue. Roughly a quarter of Sapporo's revenue is from its Food and Soft Drink business, which includes its Café de Crie coffee shops in addition to many brands and products. Sapporo has international food and beverage sales in North America and other parts of Asia. Sapporo's remaining revenue comes from its restaurants, which are in Japan and operate under brand names including Ginza Lion Beer Hall and Yebisu Bar, and its real estate business, which develops, leases, and manages commercial complexes and office buildings in Japan.

Sapporo Holdings (TSE:2501) Headlines

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