GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kyocera Corp (OTCPK:KYOCY) » Definitions » Cyclically Adjusted FCF per Share

Kyocera (Kyocera) Cyclically Adjusted FCF per Share : $0.38 (As of Mar. 2024)


View and export this data going back to 1980. Start your Free Trial

What is Kyocera 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.

Kyocera's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.175. 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 $0.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kyocera's average Cyclically Adjusted FCF Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 2.70% 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 Kyocera was 156.60% per year. The lowest was -3.80% per year. And the median was 3.00% per year.

As of today (2024-05-05), Kyocera's current stock price is $12.39. Kyocera's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.38. Kyocera's Cyclically Adjusted Price-to-FCF of today is 32.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kyocera was 146.10. The lowest was 23.37. And the median was 31.07.


Kyocera Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kyocera'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.

Kyocera Cyclically Adjusted FCF per Share Chart

Kyocera Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.51 0.47 0.42 0.38

Kyocera 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 0.42 0.41 0.37 0.41 0.38

Competitive Comparison of Kyocera's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, Kyocera'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.


Kyocera's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kyocera's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kyocera 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, Kyocera'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)
=0.175/107.2000*107.2000
=0.175

Current CPI (Mar. 2024) = 107.2000.

Kyocera Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.011 98.000 0.012
201409 0.175 98.500 0.190
201412 -0.045 97.900 -0.049
201503 0.261 97.900 0.286
201506 0.092 98.400 0.100
201509 0.203 98.500 0.221
201512 0.045 98.100 0.049
201603 0.342 97.900 0.374
201606 0.114 98.100 0.125
201609 0.111 98.000 0.121
201612 0.023 98.400 0.025
201703 0.322 98.100 0.352
201706 0.234 98.500 0.255
201709 0.084 98.800 0.091
201712 -0.006 99.400 -0.006
201803 0.106 99.200 0.115
201806 0.261 99.200 0.282
201809 0.164 99.900 0.176
201812 0.000 99.700 0.000
201903 0.206 99.700 0.221
201906 0.154 99.800 0.165
201909 0.171 100.100 0.183
201912 0.047 100.500 0.050
202003 0.229 100.300 0.245
202006 0.074 99.900 0.079
202009 0.106 99.900 0.114
202012 0.170 99.300 0.184
202103 0.223 99.900 0.239
202106 0.210 99.500 0.226
202109 0.073 100.100 0.078
202112 0.021 100.100 0.022
202203 0.038 101.100 0.040
202206 -0.079 101.800 -0.083
202209 -0.080 103.100 -0.083
202212 -0.046 104.100 -0.047
202303 0.172 104.400 0.177
202306 0.173 105.200 0.176
202309 -0.023 106.200 -0.023
202312 0.209 106.800 0.210
202403 0.175 107.200 0.175

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


Kyocera  (OTCPK:KYOCY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.39/0.38
=32.61

* 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 Kyocera was 146.10. The lowest was 23.37. And the median was 31.07.


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.


Kyocera Cyclically Adjusted FCF per Share Related Terms

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


Kyocera (Kyocera) Business Description

Industry
Address
6, Takeda Tobadono-cho, Fushimi-ku, Kyoto, JPN, 612-8501
Kyocera is a Japanese conglomerate whose original business consisted of manufacturing fine ceramic components; the firm has since expanded into manufacturing handsets, printers, solar cells, and industrial tools. As a result of reorganization, the firm now consists of three major business segments, which are the core components business (29% of 2022 revenue), electronic components business (19% of revenue), and solutions business (53% of revenue).

Kyocera (Kyocera) Headlines