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Makarony Polskie (WAR:MAK) Cyclically Adjusted FCF per Share : zł0.77 (As of Mar. 2024)


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What is Makarony Polskie 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.

Makarony Polskie's adjusted free cash flow per share for the three months ended in Mar. 2024 was zł1.266. 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 zł0.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Makarony Polskie's average Cyclically Adjusted FCF Growth Rate was 285.00% 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 Makarony Polskie was 35.70% per year. The lowest was 35.70% per year. And the median was 35.70% per year.

As of today (2024-06-06), Makarony Polskie's current stock price is zł22.80. Makarony Polskie's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł0.77. Makarony Polskie's Cyclically Adjusted Price-to-FCF of today is 29.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Makarony Polskie was 482.00. The lowest was 23.18. And the median was 71.20.


Makarony Polskie Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Makarony Polskie'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.

Makarony Polskie Cyclically Adjusted FCF per Share Chart

Makarony Polskie 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 -0.06 -0.17 0.05 0.19 0.66

Makarony Polskie 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 0.20 0.31 0.43 0.66 0.77

Competitive Comparison of Makarony Polskie's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Makarony Polskie'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.


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

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

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



Makarony Polskie 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, Makarony Polskie'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)
=1.266/149.0435*149.0435
=1.266

Current CPI (Mar. 2024) = 149.0435.

Makarony Polskie Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.220 101.180 0.324
201409 0.198 100.611 0.293
201412 -0.129 100.122 -0.192
201503 0.263 100.041 0.392
201506 -0.135 100.448 -0.200
201509 0.251 99.634 0.375
201512 0.167 99.471 0.250
201603 0.101 98.983 0.152
201606 0.026 99.552 0.039
201609 0.106 99.064 0.159
201612 0.303 100.366 0.450
201703 0.053 101.018 0.078
201706 0.086 101.180 0.127
201709 -0.170 101.343 -0.250
201712 0.431 102.564 0.626
201803 -0.099 102.564 -0.144
201806 0.324 103.378 0.467
201809 -0.139 103.378 -0.200
201812 -0.313 103.785 -0.449
201903 -0.624 104.274 -0.892
201906 -0.032 105.983 -0.045
201909 -0.155 105.983 -0.218
201912 -0.530 107.123 -0.737
202003 -0.462 109.076 -0.631
202006 0.019 109.402 0.026
202009 -0.109 109.320 -0.149
202012 0.147 109.565 0.200
202103 0.155 112.658 0.205
202106 -0.003 113.960 -0.004
202109 0.222 115.588 0.286
202112 0.273 119.088 0.342
202203 0.508 125.031 0.606
202206 -0.133 131.705 -0.151
202209 0.291 135.531 0.320
202212 0.695 139.113 0.745
202303 0.250 145.950 0.255
202306 0.781 147.009 0.792
202309 1.335 146.113 1.362
202312 1.801 147.741 1.817
202403 1.266 149.044 1.266

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


Makarony Polskie  (WAR:MAK) 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.

Makarony Polskie's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.80/0.77
=29.61

* 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 Makarony Polskie was 482.00. The lowest was 23.18. And the median was 71.20.


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.


Makarony Polskie Cyclically Adjusted FCF per Share Related Terms

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


Makarony Polskie (WAR:MAK) Business Description

Traded in Other Exchanges
N/A
Address
Ulica Podkarpacka 15a, Rzeszow, POL, 35-082
Makarony Polskie SA is a Poland based company involved in manufacturing pasta products. The company's segments include Pasta; Meat and vegetable preserves; Vegetable and fruit preserves and other. It generates maximum revenue from the Pasta segment. Some of its products include spirals, elbows, farfalle, threads, shells, spaghetti, ribbons, waves, and others.

Makarony Polskie (WAR:MAK) Headlines

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