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Niterra Co (STU:NGK) Cyclically Adjusted FCF per Share : €0.77 (As of Mar. 2024)


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What is Niterra Co 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.

Niterra Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.822. 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 €0.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Niterra Co's average Cyclically Adjusted FCF Growth Rate was 37.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 33.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.50% 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 Niterra Co was 33.60% per year. The lowest was -8.50% per year. And the median was 14.45% per year.

As of today (2024-06-07), Niterra Co's current stock price is €27.20. Niterra Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.77. Niterra Co's Cyclically Adjusted Price-to-FCF of today is 35.32.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Niterra Co was 52.30. The lowest was 24.55. And the median was 34.91.


Niterra Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Niterra Co'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.

Niterra Co Cyclically Adjusted FCF per Share Chart

Niterra Co 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 0.42 0.41 0.53 0.64 0.77

Niterra Co 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 0.64 0.63 0.70 0.75 0.77

Competitive Comparison of Niterra Co's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Niterra Co'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.


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

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

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



Niterra Co 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, Niterra Co'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)
=0.822/107.2000*107.2000
=0.822

Current CPI (Mar. 2024) = 107.2000.

Niterra Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.442 98.000 -0.483
201409 0.369 98.500 0.402
201412 -0.264 97.900 -0.289
201503 0.328 97.900 0.359
201506 0.013 98.400 0.014
201509 0.498 98.500 0.542
201512 -0.380 98.100 -0.415
201603 0.305 97.900 0.334
201606 0.097 98.100 0.106
201609 0.265 98.000 0.290
201612 -0.071 98.400 -0.077
201703 0.234 98.100 0.256
201706 0.023 98.500 0.025
201709 0.222 98.800 0.241
201712 0.386 99.400 0.416
201803 0.328 99.200 0.354
201806 -0.315 99.200 -0.340
201809 0.135 99.900 0.145
201812 -0.262 99.700 -0.282
201903 0.160 99.700 0.172
201906 -0.383 99.800 -0.411
201909 0.235 100.100 0.252
201912 -0.049 100.500 -0.052
202003 0.471 100.300 0.503
202006 -0.377 99.900 -0.405
202009 0.533 99.900 0.572
202012 0.559 99.300 0.603
202103 0.579 99.900 0.621
202106 -0.181 99.500 -0.195
202109 0.433 100.100 0.464
202112 0.603 100.100 0.646
202203 0.820 101.100 0.869
202206 -0.390 101.800 -0.411
202209 0.868 103.100 0.903
202212 0.397 104.100 0.409
202303 0.674 104.400 0.692
202306 0.303 105.200 0.309
202309 0.916 106.200 0.925
202312 0.544 106.800 0.546
202403 0.822 107.200 0.822

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


Niterra Co  (STU:NGK) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=27.20/0.77
=35.32

* 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 Niterra Co was 52.30. The lowest was 24.55. And the median was 34.91.


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.


Niterra Co Cyclically Adjusted FCF per Share Related Terms

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


Niterra Co (STU:NGK) Business Description

Industry
Traded in Other Exchanges
Address
14-18, Takatsuji-cho, Mizuho-ku, Nagoya, JPN, 467-8525
Niterra Co Ltd is a producer of spark plugs for internal combustion engines in the automotive industry and various ceramic products and tools. Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics. NGK's largest end markets are Asia including Japan, North America, and Europe. The company produces in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions. The automotive components division generates the lion's share of sales for NGK Spark Plug.

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