GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Koito Manufacturing Co Ltd (OTCPK:KOTMY) » Definitions » Cyclically Adjusted Price-to-FCF

Koito Manufacturing Co (Koito Manufacturing Co) Cyclically Adjusted Price-to-FCF : 13.76 (As of May. 20, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Koito Manufacturing Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Koito Manufacturing Co's current share price is $14.31. Koito Manufacturing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.04. Koito Manufacturing Co's Cyclically Adjusted Price-to-FCF for today is 13.76.

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

KOTMY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.06   Med: 28.08   Max: 48.17
Current: 16.58

During the past years, Koito Manufacturing Co's highest Cyclically Adjusted Price-to-FCF was 48.17. The lowest was 14.06. And the median was 28.08.

KOTMY's Cyclically Adjusted Price-to-FCF is ranked better than
61.34% of 494 companies
in the Vehicles & Parts industry
Industry Median: 21.75 vs KOTMY: 16.58

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.

Koito Manufacturing Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.145. 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 $1.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koito Manufacturing Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Koito Manufacturing Co'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.

Koito Manufacturing Co Cyclically Adjusted Price-to-FCF Chart

Koito Manufacturing Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.63 37.20 22.73 21.90 15.03

Koito Manufacturing 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 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 21.90 21.78 18.15 16.53 15.03

Competitive Comparison of Koito Manufacturing Co's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Koito Manufacturing 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.


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

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

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



Koito Manufacturing Co 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.

Koito Manufacturing Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.31/1.04
=13.76

* 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.

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

For example, Koito Manufacturing 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)
=0.145/107.2000*107.2000
=0.145

Current CPI (Mar. 2024) = 107.2000.

Koito Manufacturing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.336 98.000 0.368
201409 0.026 98.500 0.028
201412 0.039 97.900 0.043
201503 0.439 97.900 0.481
201506 0.322 98.400 0.351
201509 -0.150 98.500 -0.163
201512 0.246 98.100 0.269
201603 0.412 97.900 0.451
201606 0.722 98.100 0.789
201609 0.050 98.000 0.055
201612 0.479 98.400 0.522
201703 0.415 98.100 0.453
201706 0.583 98.500 0.634
201709 0.474 98.800 0.514
201712 0.137 99.400 0.148
201803 0.323 99.200 0.349
201806 0.473 99.200 0.511
201809 0.054 99.900 0.058
201812 0.362 99.700 0.389
201903 0.312 99.700 0.335
201906 0.586 99.800 0.629
201909 -0.075 100.100 -0.080
201912 0.164 100.500 0.175
202003 0.192 100.300 0.205
202006 0.067 99.900 0.072
202009 -0.136 99.900 -0.146
202012 0.725 99.300 0.783
202103 0.558 99.900 0.599
202106 0.610 99.500 0.657
202109 0.140 100.100 0.150
202112 -0.064 100.100 -0.069
202203 0.330 101.100 0.350
202206 0.172 101.800 0.181
202209 0.060 103.100 0.062
202212 0.156 104.100 0.161
202303 0.070 104.400 0.072
202306 0.387 105.200 0.394
202309 0.263 106.200 0.265
202312 0.515 106.800 0.517
202403 0.145 107.200 0.145

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.


Koito Manufacturing Co  (OTCPK:KOTMY) 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.


Koito Manufacturing Co Cyclically Adjusted Price-to-FCF Related Terms

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


Koito Manufacturing Co (Koito Manufacturing Co) Business Description

Traded in Other Exchanges
Address
4-8-3, Takanawa, Minato-ku, Tokyo, JPN, 108-8711
Koito Manufacturing Co Ltd is producing and marketing automotive lighting equipment, such as LED taillights, headlights, and fog lights, aircraft parts, interior and exterior lights, and electrical equipment. The company's products are used in the transportation industry including automobiles, aviation, railways, shipping, and traffic systems. Koito Manufacturing generates the majority of its revenue in Japan, China, and North America. Other regions are Other Asia and Europe.

Koito Manufacturing Co (Koito Manufacturing Co) Headlines

No Headlines