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F.C.C. Co (FRA:FCV) Cyclically Adjusted FCF per Share : €1.12 (As of Mar. 2024)


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What is F.C.C. 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.

F.C.C. Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.810. 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 €1.12 for the trailing ten years ended in Mar. 2024.

During the past 12 months, F.C.C. Co's average Cyclically Adjusted FCF Growth Rate was 26.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.60% 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 F.C.C. Co was 11.10% per year. The lowest was -1.00% per year. And the median was 5.35% per year.

As of today (2024-05-21), F.C.C. Co's current stock price is €12.40. F.C.C. Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.12. F.C.C. Co's Cyclically Adjusted Price-to-FCF of today is 11.07.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of F.C.C. Co was 31.07. The lowest was 8.59. And the median was 12.01.


F.C.C. Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for F.C.C. 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.

F.C.C. Co Cyclically Adjusted FCF per Share Chart

F.C.C. Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.31 1.08 1.00 1.05 1.12

F.C.C. 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 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 1.05 1.00 1.08 1.17 1.12

Competitive Comparison of F.C.C. Co's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, F.C.C. 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.


F.C.C. Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

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

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



F.C.C. 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, F.C.C. 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)
=0.81/107.2000*107.2000
=0.810

Current CPI (Mar. 2024) = 107.2000.

F.C.C. Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.201 98.000 -0.220
201409 -0.297 98.500 -0.323
201412 -0.449 97.900 -0.492
201503 -0.123 97.900 -0.135
201506 0.265 98.400 0.289
201509 0.093 98.500 0.101
201512 0.241 98.100 0.263
201603 0.535 97.900 0.586
201606 0.433 98.100 0.473
201609 0.191 98.000 0.209
201612 0.534 98.400 0.582
201703 0.218 98.100 0.238
201706 0.657 98.500 0.715
201709 0.020 98.800 0.022
201712 0.543 99.400 0.586
201803 0.128 99.200 0.138
201806 0.279 99.200 0.302
201809 0.293 99.900 0.314
201812 0.580 99.700 0.624
201903 0.745 99.700 0.801
201906 0.563 99.800 0.605
201909 0.587 100.100 0.629
201912 0.784 100.500 0.836
202003 0.608 100.300 0.650
202006 -0.046 99.900 -0.049
202009 0.075 99.900 0.080
202012 0.048 99.300 0.052
202103 0.863 99.900 0.926
202106 0.482 99.500 0.519
202109 0.217 100.100 0.232
202112 -0.055 100.100 -0.059
202203 0.049 101.100 0.052
202206 0.056 101.800 0.059
202209 0.317 103.100 0.330
202212 0.590 104.100 0.608
202303 0.793 104.400 0.814
202306 0.549 105.200 0.559
202309 0.981 106.200 0.990
202312 1.034 106.800 1.038
202403 0.810 107.200 0.810

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


F.C.C. Co  (FRA:FCV) 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.

F.C.C. Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.40/1.12
=11.07

* 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 F.C.C. Co was 31.07. The lowest was 8.59. And the median was 12.01.


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.


F.C.C. Co Cyclically Adjusted FCF per Share Related Terms

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


F.C.C. Co (FRA:FCV) Business Description

Industry
Traded in Other Exchanges
Address
7000-36 Nakagawa, Hosoe-cho Kita-ku Hamamatsu-shi, Shizuoka-ken, JPN, 431-1394
F.C.C. Co Ltd is a manufacturer of clutches for automobiles and motorcycles. The company operates two business segments: motorcycle clutches and automobile clutches. In its motorcycle clutches division, F.C.C. manufactures and sells motorcycle, scooter, all-terrain vehicle, and general purpose clutches. The automotive clutches division is in the business of producing and selling clutches for automatic and manual transmission vehicles. Its main customers are Honda Motor and Ford, and its largest end markets are the United States. The remaining operations are located in the Asia-Pacific region.

F.C.C. Co (FRA:FCV) Headlines

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