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Kao (FRA:KAO) Cyclically Adjusted Price-to-FCF : 27.94 (As of May. 28, 2024)


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What is Kao Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Kao's current share price is €40.23. Kao's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.44. Kao's Cyclically Adjusted Price-to-FCF for today is 27.94.

The historical rank and industry rank for Kao's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:KAO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.64   Med: 33.75   Max: 45.55
Current: 28.92

During the past years, Kao's highest Cyclically Adjusted Price-to-FCF was 45.55. The lowest was 20.64. And the median was 33.75.

FRA:KAO's Cyclically Adjusted Price-to-FCF is ranked worse than
57.39% of 704 companies
in the Consumer Packaged Goods industry
Industry Median: 23.415 vs FRA:KAO: 28.92

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.

Kao's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.214. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kao Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kao's Cyclically Adjusted Price-to-FCF 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.

Kao Cyclically Adjusted Price-to-FCF Chart

Kao Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.49 35.82 26.23 22.77 24.14

Kao Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 23.10 22.84 24.02 24.14 23.63

Competitive Comparison of Kao's Cyclically Adjusted Price-to-FCF

For the Household & Personal Products subindustry, Kao'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.


Kao's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kao's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kao Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Kao's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.23/1.44
=27.94

* 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.

Kao's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kao'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)
=-0.214/107.2000*107.2000
=-0.214

Current CPI (Mar. 2024) = 107.2000.

Kao Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.492 98.000 0.538
201409 0.254 98.500 0.276
201412 0.526 97.900 0.576
201503 -0.231 97.900 -0.253
201506 0.528 98.400 0.575
201509 0.531 98.500 0.578
201512 0.742 98.100 0.811
201603 -0.329 97.900 -0.360
201606 0.574 98.100 0.627
201609 0.429 98.000 0.469
201612 1.104 98.400 1.203
201703 -0.320 98.100 -0.350
201706 0.613 98.500 0.667
201709 0.390 98.800 0.423
201712 0.787 99.400 0.849
201803 -0.332 99.200 -0.359
201806 0.677 99.200 0.732
201809 0.483 99.900 0.518
201812 0.893 99.700 0.960
201903 -0.299 99.700 -0.321
201906 0.877 99.800 0.942
201909 1.089 100.100 1.166
201912 0.945 100.500 1.008
202003 -0.296 100.300 -0.316
202006 0.852 99.900 0.914
202009 0.808 99.900 0.867
202012 1.050 99.300 1.134
202103 -0.306 99.900 -0.328
202106 0.740 99.500 0.797
202109 0.654 100.100 0.700
202112 0.595 100.100 0.637
202203 -0.423 101.100 -0.449
202206 0.183 101.800 0.193
202209 0.420 103.100 0.437
202212 0.600 104.100 0.618
202303 -0.275 104.400 -0.282
202306 0.673 105.200 0.686
202309 0.554 106.200 0.559
202312 0.901 106.800 0.904
202403 -0.214 107.200 -0.214

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


Kao  (FRA:KAO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Kao Cyclically Adjusted Price-to-FCF Related Terms

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


Kao (FRA:KAO) Business Description

Traded in Other Exchanges
Address
14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, JPN, 103-8210
Kao is the largest household and personal care product manufacturer in Japan with a footprint across Asia, Europe, and the Americas. Japan remains its largest market, contributing about 60% of sales and an estimated 70% of profits with several leading brands including Attack and Biore. Initially a soap producer established in the 1890s, Kao has expanded into cosmetics, disposable hygiene products, and chemicals, in addition to its home care and toiletry products. Asia, the largest overseas market contributing 20% of group sales, is a key growth driver, led by expansion in China and Indonesia. It has also acquired several Western skin and haircare brands including Jergens, John Frieda, Curel, Molton Brown, and the latest, Oribe.

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