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International Flavors & Fragrances (WBO:IFF) Cyclically Adjusted Price-to-FCF : 21.39 (As of May. 28, 2024)


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What is International Flavors & Fragrances Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), International Flavors & Fragrances's current share price is €88.56. International Flavors & Fragrances's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.14. International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF for today is 21.39.

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

WBO:IFF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.32   Med: 36.71   Max: 47.11
Current: 21.37

During the past years, International Flavors & Fragrances's highest Cyclically Adjusted Price-to-FCF was 47.11. The lowest was 14.32. And the median was 36.71.

WBO:IFF's Cyclically Adjusted Price-to-FCF is ranked better than
55.6% of 563 companies
in the Chemicals industry
Industry Median: 24.36 vs WBO:IFF: 21.37

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.

International Flavors & Fragrances's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.068. 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 €4.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


International Flavors & Fragrances Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for International Flavors & Fragrances'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.

International Flavors & Fragrances Cyclically Adjusted Price-to-FCF Chart

International Flavors & Fragrances Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.78 28.60 34.04 24.09 18.29

International Flavors & Fragrances 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 20.78 18.02 15.50 18.29 19.12

Competitive Comparison of International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, International Flavors & Fragrances'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.


International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF falls into.



International Flavors & Fragrances 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.

International Flavors & Fragrances's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=88.56/4.14
=21.39

* 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.

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

For example, International Flavors & Fragrances'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)
=-0.068/131.7762*131.7762
=-0.068

Current CPI (Mar. 2024) = 131.7762.

International Flavors & Fragrances Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.837 100.560 1.097
201409 1.199 100.428 1.573
201412 1.551 99.070 2.063
201503 0.138 99.621 0.183
201506 1.276 100.684 1.670
201509 1.100 100.392 1.444
201512 1.578 99.792 2.084
201603 0.196 100.470 0.257
201606 1.241 101.688 1.608
201609 1.589 101.861 2.056
201612 1.808 101.863 2.339
201703 -0.096 102.862 -0.123
201706 0.224 103.349 0.286
201709 1.167 104.136 1.477
201712 1.485 104.011 1.881
201803 -0.455 105.290 -0.569
201806 0.348 106.317 0.431
201809 1.173 106.507 1.451
201812 1.290 105.998 1.604
201903 -0.081 107.251 -0.100
201906 0.597 108.070 0.728
201909 1.206 108.329 1.467
201912 1.922 108.420 2.336
202003 -0.256 108.902 -0.310
202006 1.246 108.767 1.510
202009 1.214 109.815 1.457
202012 1.666 109.897 1.998
202103 1.081 111.754 1.275
202106 0.872 114.631 1.002
202109 1.157 115.734 1.317
202112 0.555 117.630 0.622
202203 -0.491 121.301 -0.533
202206 -0.560 125.017 -0.590
202209 0.523 125.227 0.550
202212 0.178 125.222 0.187
202303 -0.176 127.348 -0.182
202306 0.481 128.729 0.492
202309 1.171 129.860 1.188
202312 1.910 129.419 1.945
202403 -0.068 131.776 -0.068

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.


International Flavors & Fragrances  (WBO:IFF) 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.


International Flavors & Fragrances Cyclically Adjusted Price-to-FCF Related Terms

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


International Flavors & Fragrances (WBO:IFF) Business Description

Address
521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.