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Yamada (TSE:6392) Cyclically Adjusted FCF per Share : 円163.17 (As of Dec. 2023)


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What is Yamada 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.

Yamada's adjusted free cash flow per share for the three months ended in Dec. 2023 was 円-175.763. 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 円163.17 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Yamada's average Cyclically Adjusted FCF Growth Rate was 21.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -17.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -16.10% 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 Yamada was -15.20% per year. The lowest was -26.30% per year. And the median was -17.40% per year.

As of today (2024-06-09), Yamada's current stock price is 円5970.00. Yamada's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円163.17. Yamada's Cyclically Adjusted Price-to-FCF of today is 36.59.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Yamada was 37.14. The lowest was 6.81. And the median was 14.59.


Yamada Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Yamada'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.

Yamada Cyclically Adjusted FCF per Share Chart

Yamada 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 268.05 249.63 152.91 107.12 140.72

Yamada 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 133.90 140.72 157.63 172.22 163.17

Competitive Comparison of Yamada's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, Yamada'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.


Yamada's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



Yamada 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, Yamada'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)
=-175.763/106.8000*106.8000
=-175.763

Current CPI (Dec. 2023) = 106.8000.

Yamada Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 112.662 95.700 125.729
201406 65.912 98.000 71.831
201409 -26.894 98.500 -29.160
201412 69.069 97.900 75.348
201503 50.106 97.900 54.661
201506 -65.177 98.400 -70.741
201509 34.167 98.500 37.046
201512 15.222 98.100 16.572
201603 95.118 97.900 103.765
201606 72.974 98.100 79.446
201609 67.175 98.000 73.207
201612 61.862 98.400 67.143
201703 91.911 98.100 100.062
201706 116.916 98.500 126.768
201709 66.490 98.800 71.874
201712 84.110 99.400 90.372
201803 184.614 99.200 198.758
201806 77.160 99.200 83.071
201809 274.923 99.900 293.912
201812 -4.265 99.700 -4.569
201903 64.431 99.700 69.019
201906 19.274 99.800 20.626
201909 63.562 100.100 67.816
201912 4.541 100.500 4.826
202003 57.454 100.300 61.177
202006 -488.715 99.900 -522.470
202009 74.616 99.900 79.770
202012 60.422 99.300 64.986
202103 -322.885 99.900 -345.186
202106 129.179 99.500 138.656
202109 120.268 100.100 128.318
202112 -545.815 100.100 -582.348
202203 55.134 101.100 58.242
202206 116.153 101.800 121.858
202209 257.561 103.100 266.804
202212 13.249 104.100 13.593
202303 179.115 104.400 183.233
202306 156.002 105.200 158.375
202309 253.614 106.200 255.047
202312 -175.763 106.800 -175.763

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


Yamada  (TSE:6392) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5970.00/163.17
=36.59

* 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 Yamada was 37.14. The lowest was 6.81. And the median was 14.59.


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.


Yamada Cyclically Adjusted FCF per Share Related Terms

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


Yamada (TSE:6392) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.1-3, 1-Chome, Minami-Magome, Ota-ku, Tokyo, JPN, 143-8504
Yamada Corp is engaged in the manufacturing and sale of pneumatic, hydraulic, electric driven and other types of pumps and associated equipment. It is also engaged in the manufacture and sales of transfer, spray and suction pumps and equipment for gas, liquid, powder, viscose and granulated materials.

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