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Subaru (Subaru) Cyclically Adjusted FCF per Share : $1.20 (As of Dec. 2023)


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What is Subaru 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.

Subaru's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.563. 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 $1.20 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Subaru's average Cyclically Adjusted FCF Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.20% 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 Subaru was 4.30% per year. The lowest was -3.90% per year. And the median was -1.20% per year.

As of today (2024-05-01), Subaru's current stock price is $11.12. Subaru's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.20. Subaru's Cyclically Adjusted Price-to-FCF of today is 9.27.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Subaru was 19.01. The lowest was 5.85. And the median was 8.46.


Subaru Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Subaru'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.

Subaru Cyclically Adjusted FCF per Share Chart

Subaru Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.39 1.33 1.33 1.21 1.25

Subaru 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 1.19 1.25 1.17 1.12 1.20

Competitive Comparison of Subaru's Cyclically Adjusted FCF per Share

For the Auto Manufacturers subindustry, Subaru'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.


Subaru's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Subaru's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Subaru 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, Subaru'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)
=0.563/106.8000*106.8000
=0.563

Current CPI (Dec. 2023) = 106.8000.

Subaru Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.573 95.700 0.639
201406 0.002 98.000 0.002
201409 0.802 98.500 0.870
201412 0.229 97.900 0.250
201503 0.714 97.900 0.779
201506 0.568 98.400 0.616
201509 0.923 98.500 1.001
201512 0.798 98.100 0.869
201603 1.021 97.900 1.114
201606 0.377 98.100 0.410
201609 0.867 98.000 0.945
201612 0.101 98.400 0.110
201703 0.745 98.100 0.811
201706 0.829 98.500 0.899
201709 0.393 98.800 0.425
201712 0.270 99.400 0.290
201803 0.687 99.200 0.740
201806 0.031 99.200 0.033
201809 0.013 99.900 0.014
201812 0.145 99.700 0.155
201903 0.249 99.700 0.267
201906 0.536 99.800 0.574
201909 -0.724 100.100 -0.772
201912 -0.016 100.500 -0.017
202003 0.177 100.300 0.188
202006 -0.769 99.900 -0.822
202009 0.652 99.900 0.697
202012 0.423 99.300 0.455
202103 0.304 99.900 0.325
202106 -0.235 99.500 -0.252
202109 0.041 100.100 0.044
202112 -0.107 100.100 -0.114
202203 0.334 101.100 0.353
202206 0.391 101.800 0.410
202209 0.171 103.100 0.177
202212 0.328 104.100 0.337
202303 0.600 104.400 0.614
202306 0.371 105.200 0.377
202309 0.225 106.200 0.226
202312 0.563 106.800 0.563

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


Subaru  (OTCPK:FUJHY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=11.12/1.2
=9.27

* 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 Subaru was 19.01. The lowest was 5.85. And the median was 8.46.


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.


Subaru Cyclically Adjusted FCF per Share Related Terms

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


Subaru (Subaru) Business Description

Industry
Traded in Other Exchanges
Address
Ebisu Subaru Building, 1-20-8, Ebisu, Shibuya-ku, Tokyo, JPN, 150-8554
Subaru Corp is a Japan-based company engaged in the automobile manufacturing business. The company is split into three segments: Automotive Business Unit, Aerospace Company, and Other Businesses. The Automotive Business, which constitutes the vast majority of the company's revenue, manufactures, repairs, and sells passenger cars and their components under the Subaru brand. The Aerospace Company includes airplanes and aerospace-related machinery and components. The Other Businesses segment consists of Industrial product, and real estate lease, among others. A vast majority of the sales is derived from North America.

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