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Subaru (STU:FUH) Cyclically Adjusted FCF per Share : €2.16 (As of Mar. 2024)


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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 Mar. 2024 was €1.759. 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 €2.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Subaru's average Cyclically Adjusted FCF Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.40% 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 7.10% per year. The lowest was -3.90% per year. And the median was 0.60% per year.

As of today (2024-06-08), Subaru's current stock price is €19.70. Subaru's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.16. Subaru's Cyclically Adjusted Price-to-FCF of today is 9.12.

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 8.49.


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 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 2.42 2.23 2.19 2.26 2.16

Subaru 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 2.26 2.11 2.10 2.17 2.16

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 Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.759/107.2000*107.2000
=1.759

Current CPI (Mar. 2024) = 107.2000.

Subaru Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.003 98.000 0.003
201409 1.244 98.500 1.354
201412 0.371 97.900 0.406
201503 1.320 97.900 1.445
201506 1.013 98.400 1.104
201509 1.645 98.500 1.790
201512 1.465 98.100 1.601
201603 1.834 97.900 2.008
201606 0.672 98.100 0.734
201609 1.545 98.000 1.690
201612 0.192 98.400 0.209
201703 1.393 98.100 1.522
201706 1.476 98.500 1.606
201709 0.660 98.800 0.716
201712 0.457 99.400 0.493
201803 1.114 99.200 1.204
201806 0.052 99.200 0.056
201809 0.023 99.900 0.025
201812 0.255 99.700 0.274
201903 0.440 99.700 0.473
201906 0.949 99.800 1.019
201909 -1.314 100.100 -1.407
201912 -0.028 100.500 -0.030
202003 0.319 100.300 0.341
202006 -1.366 99.900 -1.466
202009 1.108 99.900 1.189
202012 0.695 99.300 0.750
202103 0.511 99.900 0.548
202106 -0.390 99.500 -0.420
202109 0.070 100.100 0.075
202112 -0.189 100.100 -0.202
202203 0.606 101.100 0.643
202206 0.740 101.800 0.779
202209 0.346 103.100 0.360
202212 0.620 104.100 0.638
202303 1.120 104.400 1.150
202306 0.686 105.200 0.699
202309 0.421 106.200 0.425
202312 1.032 106.800 1.036
202403 1.759 107.200 1.759

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


Subaru  (STU:FUH) 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
=19.70/2.16
=9.12

* 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 8.49.


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 (STU:FUH) 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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