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Yokohama Rubber Co (Yokohama Rubber Co) Cyclically Adjusted FCF per Share : $1.56 (As of Dec. 2023)


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What is Yokohama Rubber 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.

Yokohama Rubber Co's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.972. 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 $1.56 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Yokohama Rubber Co's average Cyclically Adjusted FCF Growth Rate was 44.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.60% 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 Yokohama Rubber Co was 39.30% per year. The lowest was -6.30% per year. And the median was 4.30% per year.

As of today (2024-05-01), Yokohama Rubber Co's current stock price is $25.87. Yokohama Rubber Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.56. Yokohama Rubber Co's Cyclically Adjusted Price-to-FCF of today is 16.58.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Yokohama Rubber Co was 71.34. The lowest was 6.01. And the median was 13.89.


Yokohama Rubber Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Yokohama Rubber 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.

Yokohama Rubber Co Cyclically Adjusted FCF per Share Chart

Yokohama Rubber Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 2.18 1.80 1.23 1.56

Yokohama Rubber Co 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 1.23 1.03 1.19 1.39 1.56

Competitive Comparison of Yokohama Rubber Co's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Yokohama Rubber 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.


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

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

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



Yokohama Rubber 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, Yokohama Rubber Co'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)
=1.972/106.8000*106.8000
=1.972

Current CPI (Dec. 2023) = 106.8000.

Yokohama Rubber Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.000 95.700 0.000
201406 0.000 98.000 0.000
201409 0.000 98.500 0.000
201412 0.000 97.900 0.000
201503 0.000 97.900 0.000
201506 0.000 98.400 0.000
201509 0.000 98.500 0.000
201512 0.000 98.100 0.000
201603 0.000 97.900 0.000
201606 0.000 98.100 0.000
201609 0.000 98.000 0.000
201612 0.000 98.400 0.000
201703 -0.607 98.100 -0.661
201706 0.596 98.500 0.646
201709 0.252 98.800 0.272
201712 1.047 99.400 1.125
201803 0.198 99.200 0.213
201806 0.362 99.200 0.390
201809 0.037 99.900 0.040
201812 1.429 99.700 1.531
201903 -0.381 99.700 -0.408
201906 0.481 99.800 0.515
201909 -0.433 100.100 -0.462
201912 1.776 100.500 1.887
202003 -0.464 100.300 -0.494
202006 0.495 99.900 0.529
202009 0.783 99.900 0.837
202012 1.993 99.300 2.144
202103 0.258 99.900 0.276
202106 0.602 99.500 0.646
202109 -0.165 100.100 -0.176
202112 1.082 100.100 1.154
202203 -0.871 101.100 -0.920
202206 -0.132 101.800 -0.138
202209 -0.832 103.100 -0.862
202212 1.058 104.100 1.085
202303 -0.311 104.400 -0.318
202306 1.235 105.200 1.254
202309 1.432 106.200 1.440
202312 1.972 106.800 1.972

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


Yokohama Rubber Co  (OTCPK:YORUF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=25.87/1.56
=16.58

* 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 Yokohama Rubber Co was 71.34. The lowest was 6.01. And the median was 13.89.


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.


Yokohama Rubber Co Cyclically Adjusted FCF per Share Related Terms

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


Yokohama Rubber Co (Yokohama Rubber Co) Business Description

Traded in Other Exchanges
Address
36-11, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8685
Yokohama Rubber Co Ltd makes and sells rubber tires, wheels, and other components in two primary segments based on product type: The tires segment, which generates the majority of revenue, sells rubber tires and wheels for automobiles under the Yokohama and Advan brand names; the multiple businesses segment sells hose and couplings, conveyor belts, marine hoses, pneumatic genders, sealants and adhesives, aerospace components, and electronic materials. The majority of revenue comes from Japan.

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