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Daito Trust Construction Co (TSE:1878) Cyclically Adjusted Price-to-FCF : 16.72 (As of May. 17, 2024)


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What is Daito Trust Construction Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Daito Trust Construction Co's current share price is 円16375.00. Daito Trust Construction Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円979.50. Daito Trust Construction Co's Cyclically Adjusted Price-to-FCF for today is 16.72.

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

TSE:1878' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.95   Med: 15.16   Max: 32.24
Current: 17.05

During the past years, Daito Trust Construction Co's highest Cyclically Adjusted Price-to-FCF was 32.24. The lowest was 9.95. And the median was 15.16.

TSE:1878's Cyclically Adjusted Price-to-FCF is ranked worse than
60.86% of 695 companies
in the Real Estate industry
Industry Median: 12.63 vs TSE:1878: 17.05

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.

Daito Trust Construction Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円1,268.201. 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 円979.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daito Trust Construction Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Daito Trust Construction 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.

Daito Trust Construction Co Cyclically Adjusted Price-to-FCF Chart

Daito Trust Construction 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 12.16 14.26 13.66 13.95 17.83

Daito Trust Construction 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 13.95 14.72 16.70 16.98 17.83

Competitive Comparison of Daito Trust Construction Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, Daito Trust Construction 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.


Daito Trust Construction Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Daito Trust Construction Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Daito Trust Construction 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.

Daito Trust Construction Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16375.00/979.5
=16.72

* 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.

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

For example, Daito Trust Construction 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)
=1268.201/107.2000*107.2000
=1,268.201

Current CPI (Mar. 2024) = 107.2000.

Daito Trust Construction Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -550.892 98.000 -602.608
201409 538.162 98.500 585.695
201412 -555.204 97.900 -607.946
201503 1,110.425 97.900 1,215.910
201506 -470.671 98.400 -512.764
201509 524.572 98.500 570.905
201512 -535.107 98.100 -584.745
201603 1,188.960 97.900 1,301.905
201606 -371.647 98.100 -406.122
201609 796.505 98.000 871.279
201612 -548.126 98.400 -597.145
201703 1,359.158 98.100 1,485.237
201706 -513.323 98.500 -558.662
201709 459.214 98.800 498.256
201712 -321.622 99.400 -346.860
201803 967.795 99.200 1,045.843
201806 -328.235 99.200 -354.706
201809 654.201 99.900 702.005
201812 -633.685 99.700 -681.354
201903 819.103 99.700 880.721
201906 -189.638 99.800 -203.699
201909 823.932 100.100 882.373
201912 -591.055 100.500 -630.459
202003 1,053.244 100.300 1,125.700
202006 -337.030 99.900 -361.658
202009 641.660 99.900 688.548
202012 -134.788 99.300 -145.511
202103 1,075.194 99.900 1,153.762
202106 105.013 99.500 113.140
202109 639.506 100.100 684.866
202112 -486.833 100.100 -521.364
202203 1,137.487 101.100 1,206.119
202206 -184.326 101.800 -194.104
202209 328.684 103.100 341.755
202212 -699.486 104.100 -720.316
202303 1,347.792 104.400 1,383.940
202306 -184.989 105.200 -188.506
202309 349.539 106.200 352.830
202312 -344.126 106.800 -345.415
202403 1,268.201 107.200 1,268.201

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.


Daito Trust Construction Co  (TSE:1878) 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.


Daito Trust Construction Co Cyclically Adjusted Price-to-FCF Related Terms

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


Daito Trust Construction Co (TSE:1878) Business Description

Traded in Other Exchanges
Address
2-16-1, Konan, Minato-ku, Tokyo, JPN, 108-8211
Daito Trust Construction Co Ltd engages in the design and construction of apartments, condominiums, rental office buildings, factories, and warehouses. Additional activities include tenant recruiting, building maintenance, and contracting arrangements. A Lease Management Trust System sits at the center of Daito's operations. Under this system, business is divided between the construction business and the real estate business. The company plans and proposes building rental businesses to landowners, and then designs and constructs the contracted rental buildings. Daito also recruits tenants for its constructed rental buildings and provides property management and operation services for the buildings.

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