GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AGC Inc (OTCPK:ASGLY) » Definitions » Cyclically Adjusted FCF per Share

AGC (ASGLY) Cyclically Adjusted FCF per Share : $0.22 (As of Dec. 2023)


View and export this data going back to 1983. Start your Free Trial

What is AGC 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.

AGC's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.050. 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 $0.22 for the trailing ten years ended in Dec. 2023.

During the past 12 months, AGC's average Cyclically Adjusted FCF Growth Rate was -3.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -17.30% 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 AGC was -5.80% per year. The lowest was -25.80% per year. And the median was -21.50% per year.

As of today (2024-04-27), AGC's current stock price is $7.22. AGC's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.22. AGC's Cyclically Adjusted Price-to-FCF of today is 32.82.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AGC was 37.51. The lowest was 7.66. And the median was 21.85.


AGC Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AGC'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.

AGC Cyclically Adjusted FCF per Share Chart

AGC 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 0.55 0.36 0.31 0.24 0.22

AGC 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 0.24 0.23 0.21 0.21 0.22

Competitive Comparison of AGC's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, AGC'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.


AGC's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AGC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AGC 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, AGC'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)
=0.05/106.8000*106.8000
=0.050

Current CPI (Dec. 2023) = 106.8000.

AGC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.124 95.700 0.138
201406 0.098 98.000 0.107
201409 -0.037 98.500 -0.040
201412 -0.002 97.900 -0.002
201503 0.182 97.900 0.199
201506 0.061 98.400 0.066
201509 -0.030 98.500 -0.033
201512 0.218 98.100 0.237
201603 0.158 97.900 0.172
201606 0.183 98.100 0.199
201609 0.082 98.000 0.089
201612 0.241 98.400 0.262
201703 0.216 98.100 0.235
201706 0.036 98.500 0.039
201709 -0.036 98.800 -0.039
201712 0.139 99.400 0.149
201803 -0.038 99.200 -0.041
201806 -0.058 99.200 -0.062
201809 -0.107 99.900 -0.114
201812 0.026 99.700 0.028
201903 0.097 99.700 0.104
201906 -0.017 99.800 -0.018
201909 0.004 100.100 0.004
201912 -0.136 100.500 -0.145
202003 0.231 100.300 0.246
202006 -0.011 99.900 -0.012
202009 -0.055 99.900 -0.059
202012 0.121 99.300 0.130
202103 0.343 99.900 0.367
202106 0.240 99.500 0.258
202109 0.015 100.100 0.016
202112 0.344 100.100 0.367
202203 0.149 101.100 0.157
202206 0.014 101.800 0.015
202209 -0.099 103.100 -0.103
202212 -0.086 104.100 -0.088
202303 -0.141 104.400 -0.144
202306 0.045 105.200 0.046
202309 0.034 106.200 0.034
202312 0.050 106.800 0.050

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


AGC  (OTCPK:ASGLY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.22/0.22
=32.82

* 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 AGC was 37.51. The lowest was 7.66. And the median was 21.85.


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.


AGC Cyclically Adjusted FCF per Share Related Terms

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


AGC (ASGLY) Business Description

Industry
Traded in Other Exchanges
Address
1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405
AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

AGC (ASGLY) Headlines

From GuruFocus

AGC: The World's Largest Glass Manufacturer

By Holmes Osborne, CFA Holmes Osborne, CFA 04-18-2019