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Darling Ingredients (Darling Ingredients) Cyclically Adjusted FCF per Share : $1.44 (As of Dec. 2023)


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What is Darling Ingredients 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.

Darling Ingredients's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.260. 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 $1.44 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Darling Ingredients's average Cyclically Adjusted FCF Growth Rate was 11.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.60% 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 Darling Ingredients was 32.90% per year. The lowest was -20.60% per year. And the median was 7.30% per year.

As of today (2024-04-27), Darling Ingredients's current stock price is $44.67. Darling Ingredients's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.44. Darling Ingredients's Cyclically Adjusted Price-to-FCF of today is 31.02.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Darling Ingredients was 81.54. The lowest was 10.25. And the median was 27.24.


Darling Ingredients Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Darling Ingredients'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.

Darling Ingredients Cyclically Adjusted FCF per Share Chart

Darling Ingredients 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 0.83 0.97 1.10 1.29 1.44

Darling Ingredients 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 1.32 1.35 1.43 1.44 -

Competitive Comparison of Darling Ingredients's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Darling Ingredients'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.


Darling Ingredients's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



Darling Ingredients 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, Darling Ingredients's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.26/129.4194*129.4194
=0.260

Current CPI (Dec. 2023) = 129.4194.

Darling Ingredients Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.539 99.695 -0.700
201406 0.114 100.560 0.147
201409 0.527 100.428 0.679
201412 0.107 99.070 0.140
201503 0.046 99.621 0.060
201506 0.478 100.684 0.614
201509 0.272 100.392 0.351
201512 0.338 99.792 0.438
201603 -0.051 100.470 -0.066
201606 0.406 101.688 0.517
201609 0.323 101.861 0.410
201612 0.212 101.863 0.269
201703 0.194 102.862 0.244
201706 0.197 103.349 0.247
201709 0.010 104.136 0.012
201712 0.374 104.011 0.465
201803 -0.177 105.290 -0.218
201806 0.111 106.317 0.135
201809 -0.024 106.507 -0.029
201812 0.505 105.998 0.617
201903 -0.228 107.251 -0.275
201906 0.129 108.070 0.154
201909 0.185 108.329 0.221
201912 -0.089 108.420 -0.106
202003 -0.181 108.902 -0.215
202006 1.007 108.767 1.198
202009 0.869 109.815 1.024
202012 0.351 109.897 0.413
202103 0.463 111.754 0.536
202106 0.560 114.631 0.632
202109 0.531 115.734 0.594
202112 1.022 117.630 1.124
202203 0.489 121.301 0.522
202206 0.782 125.017 0.810
202209 1.050 125.227 1.085
202212 0.243 125.222 0.251
202303 0.464 127.348 0.472
202306 0.581 128.729 0.584
202309 0.802 129.860 0.799
202312 0.260 129.419 0.260

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


Darling Ingredients  (NYSE:DAR) 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.

Darling Ingredients's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=44.67/1.44
=31.02

* 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 Darling Ingredients was 81.54. The lowest was 10.25. And the median was 27.24.


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.


Darling Ingredients Cyclically Adjusted FCF per Share Related Terms

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


Darling Ingredients (Darling Ingredients) Business Description

Traded in Other Exchanges
Address
5601 N MacArthur Boulevard, Irving, TX, USA, 75038
Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel, and fertilizer industries. It collects and transforms all aspects of animal by-product streams into ingredients, including gelatin, fats, proteins, pet food ingredients, fertilizers, and other specialty products. Also, the company recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. Darling has three primary business segments: feed ingredients (the majority of revenue), food ingredients, and fuel ingredients. It provides grease trap services for food businesses and sells various equipment for collecting and delivering cooking oil. The company derives the majority of its revenue from customers in North America.
Executives
Joseph Manzi officer: Chief Accounting Officer 5601 N. MACARTHUR BLVD., IRVING TX 75038
Robert W Day officer: EVP Chief Strategy Officer 5601 N. MACARTHUR BLVD, IRVING TX 75038
Matthew J Jansen officer: COO North America C/O DARLING INGREDIENTS INC., 5601 N. MACARTHUR BLVD, IRVING TX 75038
Patrick Mcnutt officer: EVP Chief Admin Officer 5601 N. MACARTHUR BLVD, IRVING TX 75038
Charles L Adair director 251 O'CONNOR RIDGE BLVD., SUITE 300, IRVING TX 75038
John Bullock officer: EVP Chief Strategy Officer 251 O'CONNOR RIDGE BLVD., SUITE 300, IRVING TX 75038
Randall C Stuewe director, officer: Chairman and CEO
Van Der Velden Jan officer: EVP Int Rendering&Specialties 251 O'CONNOR RIDGE BLVD, SUITE 300, IRVING TX 75038
Gary W. Mize director GEVO, INC., 345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
Brandon Lairmore officer: EVP US Rendering Operations 4221 E. ALEXANDRIA PIKE, COLD SPRING KY 41076
Larry Barden director 5601 N. MACARTHUR BLVD, IRVING TX 75038
Enderson Guimaraes director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Celeste A. Clark director C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242
Kurt Stoffel director 5601 N. MACARTHUR BLVD, IRVING TX 75038
Elizabeth Albright director C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19898