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Treehouse Foods (Treehouse Foods) Cyclically Adjusted FCF per Share : $4.19 (As of Dec. 2023)


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What is Treehouse 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.

Treehouse Foods's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.501. 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 $4.19 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Treehouse Foods's average Cyclically Adjusted FCF Growth Rate was -6.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -2.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% 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 Treehouse Foods was 11.30% per year. The lowest was -2.70% per year. And the median was 5.50% per year.

As of today (2024-04-27), Treehouse Foods's current stock price is $35.84. Treehouse Foods's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.19. Treehouse Foods's Cyclically Adjusted Price-to-FCF of today is 8.55.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Treehouse Foods was 30.74. The lowest was 6.20. And the median was 12.06.


Treehouse Foods Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Treehouse 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.

Treehouse Foods Cyclically Adjusted FCF per Share Chart

Treehouse Foods 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 4.55 4.55 5.04 4.48 4.19

Treehouse Foods Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.48 4.30 4.31 4.37 4.19

Competitive Comparison of Treehouse Foods's Cyclically Adjusted FCF per Share

For the Packaged Foods subindustry, Treehouse 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.


Treehouse Foods's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

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

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



Treehouse 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, Treehouse Foods'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)
=1.501/129.4194*129.4194
=1.501

Current CPI (Dec. 2023) = 129.4194.

Treehouse Foods Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.377 99.695 0.489
201406 0.876 100.560 1.127
201409 -1.042 100.428 -1.343
201412 2.932 99.070 3.830
201503 1.295 99.621 1.682
201506 1.064 100.684 1.368
201509 -0.015 100.392 -0.019
201512 2.333 99.792 3.026
201603 1.594 100.470 2.053
201606 1.158 101.688 1.474
201609 0.087 101.861 0.111
201612 2.403 101.863 3.053
201703 0.609 102.862 0.766
201706 3.630 103.349 4.546
201709 -1.728 104.136 -2.148
201712 3.527 104.011 4.389
201803 0.290 105.290 0.356
201806 2.245 106.317 2.733
201809 0.159 106.507 0.193
201812 3.219 105.998 3.930
201903 -1.305 107.251 -1.575
201906 0.215 108.070 0.257
201909 0.036 108.329 0.043
201912 3.915 108.420 4.673
202003 0.558 108.902 0.663
202006 0.634 108.767 0.754
202009 -0.412 109.815 -0.486
202012 4.663 109.897 5.491
202103 -0.706 111.754 -0.818
202106 -1.296 114.631 -1.463
202109 1.726 115.734 1.930
202112 4.596 117.630 5.057
202203 -1.613 121.301 -1.721
202206 0.357 125.017 0.370
202209 -1.863 125.227 -1.925
202212 -1.245 125.222 -1.287
202303 -1.109 127.348 -1.127
202306 -0.732 128.729 -0.736
202309 0.668 129.860 0.666
202312 1.501 129.419 1.501

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


Treehouse Foods  (NYSE:THS) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=35.84/4.19
=8.55

* 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 Treehouse Foods was 30.74. The lowest was 6.20. And the median was 12.06.


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.


Treehouse Foods Cyclically Adjusted FCF per Share Related Terms

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


Treehouse Foods (Treehouse Foods) Business Description

Traded in Other Exchanges
Address
2021 Spring Road, Suite 600, Oak Brook, IL, USA, 60523
TreeHouse Foods, the largest private label manufacturer in the U.S., is the product of a slew of acquisitions, the most significant being the 2016 acquisition of Ralcorp, Conagra's former private brands business. The firm plays in over 25 categories, including snacks like pretzels and cookies, meals like pasta and dry dinners, and single-serve beverages like pods and ready-to-drink coffee. Retailers represent its most significant end-market, where it sells products for resale under retailer brands, but it also serves foodservice customers (providing a similar service as its retail business), industrial (selling bulk food for repackaging and repurposing), and branded consumer goods firms (under co-packing arrangements). Over 90% of its revenue comes from the U.S.
Executives
Mark Hunter director 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Jana Partners Management, Lp director, other: See Remarks 767 5TH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Jana Partners Llc director, other: See Remarks 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Ann Sardini director 100 PIER 1 PLACE, FORT WORTH TX 76102
Joseph Scalzo director 1225 17TH STREET, SUITE 1000, DENVER CO 80202
Scott Ostfeld director 767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Stephen Alan Landry officer: SVP, Chief Operations Officer 2021 SPRING ROAD, SUITE 600, OAK BROOK IL 60523
Jeffrey M Haye officer: SVP, Chief Procurement Officer 2021 SPRING ROAD, OAK BROOK IL 60523
Timothy J Smith officer: SVP, Division President 5 CROSBY STREET, NEW YORK NY 10013
Curt B. Craig officer: Chief Supply Chain Officer 2021 SPRING ROAD, OAK BROOK IL 60523
Kristy N. Waterman officer: EVP, General Counsel 2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204
Lori G Roberts officer: SVP of HR 1014 SUTTON PL, ST CHARLES IL 60174
Sean Lewis officer: SVP, Chief Customer Officer 2021 SPRING ROAD, SUITE 600, OAK BROOK IL 60523
Clifford Braun officer: SVP, Chief Operations Officer 2021 SPRING ROAD, SUITE 600, OAK BROOK IL 60523
Gainor John P Jr director 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097