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Fujitsu (FRA:FUJ1) Cyclically Adjusted FCF per Share : €0.30 (As of Mar. 2024)


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What is Fujitsu 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.

Fujitsu's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.340. 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 €0.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fujitsu's average Cyclically Adjusted FCF Growth Rate was 18.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.10% 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 Fujitsu was 19.10% per year. The lowest was 19.10% per year. And the median was 19.10% per year.

As of today (2024-05-02), Fujitsu's current stock price is €14.25. Fujitsu's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.30. Fujitsu's Cyclically Adjusted Price-to-FCF of today is 47.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fujitsu was 70.35. The lowest was 35.06. And the median was 51.03.


Fujitsu Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Fujitsu'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.

Fujitsu Cyclically Adjusted FCF per Share Chart

Fujitsu 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 - 0.21 0.23 0.28 0.30

Fujitsu 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 0.28 0.31 0.30 0.31 0.30

Competitive Comparison of Fujitsu's Cyclically Adjusted FCF per Share

For the Information Technology Services subindustry, Fujitsu'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.


Fujitsu's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Fujitsu's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Fujitsu 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, Fujitsu'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)
=0.34/107.2000*107.2000
=0.340

Current CPI (Mar. 2024) = 107.2000.

Fujitsu Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.024 98.000 -0.026
201409 0.009 98.500 0.010
201412 -0.119 97.900 -0.130
201503 0.451 97.900 0.494
201506 -0.026 98.400 -0.028
201509 -0.163 98.500 -0.177
201512 -0.154 98.100 -0.168
201603 0.609 97.900 0.667
201606 0.092 98.100 0.101
201609 -0.350 98.000 -0.383
201612 0.040 98.400 0.044
201703 0.410 98.100 0.448
201706 0.203 98.500 0.221
201709 -0.241 98.800 -0.261
201712 -0.053 99.400 -0.057
201803 0.347 99.200 0.375
201806 0.287 99.200 0.310
201809 -0.342 99.900 -0.367
201812 -0.229 99.700 -0.246
201903 0.213 99.700 0.229
201906 0.365 99.800 0.392
201909 -0.153 100.100 -0.164
201912 0.262 100.500 0.279
202003 0.403 100.300 0.431
202006 0.505 99.900 0.542
202009 -0.095 99.900 -0.102
202012 0.033 99.300 0.036
202103 0.278 99.900 0.298
202106 0.605 99.500 0.652
202109 -0.218 100.100 -0.233
202112 -0.063 100.100 -0.067
202203 0.067 101.100 0.071
202206 0.301 101.800 0.317
202209 -0.257 103.100 -0.267
202212 -0.183 104.100 -0.188
202303 0.335 104.400 0.344
202306 0.469 105.200 0.478
202309 -0.313 106.200 -0.316
202312 -0.108 106.800 -0.108
202403 0.340 107.200 0.340

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


Fujitsu  (FRA:FUJ1) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.25/0.3
=47.50

* 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 Fujitsu was 70.35. The lowest was 35.06. And the median was 51.03.


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.


Fujitsu Cyclically Adjusted FCF per Share Related Terms

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


Fujitsu (FRA:FUJ1) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Fujitsu Ltd (FRA:FUJ1) » Definitions » Cyclically Adjusted FCF per Share
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Address
Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, JPN, 105-7123
Fujitsu Ltd delivers total solutions in the field of information and communication technology. The company provides solutions/system integration services focused on information system consulting and construction, and infrastructure services centered on outsourcing services. Fujitsu provides services across a wide range of countries and regions, including Europe, the Americas, Asia, and Oceania. It operates in three segments namely, Technology Solutions; Ubiqitous Solutions and Device Solutions. Ubiquitous Solutions consists of PCs, mobile phones, and mobilewear. In PCs, Fujitsu's lineup includes desktop and laptop PCs known for energy efficiency, security, and other enhanced features, as well as water- and dust-resistant tablets.

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