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Hosiden (FRA:HOD) Cyclically Adjusted FCF per Share : €0.77 (As of Dec. 2023)


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What is Hosiden 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.

Hosiden's adjusted free cash flow per share for the three months ended in Dec. 2023 was €1.565. 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 €0.77 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Hosiden's average Cyclically Adjusted FCF Growth Rate was 46.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -15.80% 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 Hosiden was 9.60% per year. The lowest was -41.10% per year. And the median was -15.90% per year.

As of today (2024-05-15), Hosiden's current stock price is €10.90. Hosiden's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.77. Hosiden's Cyclically Adjusted Price-to-FCF of today is 14.16.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hosiden was 66.11. The lowest was 7.45. And the median was 22.15.


Hosiden Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hosiden'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.

Hosiden Cyclically Adjusted FCF per Share Chart

Hosiden Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.42 0.39 0.17 0.45

Hosiden 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 0.59 0.45 0.43 0.54 0.77

Competitive Comparison of Hosiden's Cyclically Adjusted FCF per Share

For the Electrical Equipment & Parts subindustry, Hosiden'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.


Hosiden's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hosiden's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Hosiden 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, Hosiden'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)
=1.565/106.8000*106.8000
=1.565

Current CPI (Dec. 2023) = 106.8000.

Hosiden Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.655 95.700 1.847
201406 0.316 98.000 0.344
201409 -0.161 98.500 -0.175
201412 -0.809 97.900 -0.883
201503 1.224 97.900 1.335
201506 -0.053 98.400 -0.058
201509 -0.366 98.500 -0.397
201512 0.145 98.100 0.158
201603 0.501 97.900 0.547
201606 0.017 98.100 0.019
201609 -0.318 98.000 -0.347
201612 -0.029 98.400 -0.031
201703 -0.459 98.100 -0.500
201706 -0.581 98.500 -0.630
201709 -0.694 98.800 -0.750
201712 -0.265 99.400 -0.285
201803 1.234 99.200 1.329
201806 0.519 99.200 0.559
201809 -1.757 99.900 -1.878
201812 2.301 99.700 2.465
201903 1.658 99.700 1.776
201906 0.007 99.800 0.007
201909 -1.383 100.100 -1.476
201912 -0.510 100.500 -0.542
202003 1.346 100.300 1.433
202006 -0.217 99.900 -0.232
202009 -0.532 99.900 -0.569
202012 0.857 99.300 0.922
202103 1.126 99.900 1.204
202106 -0.958 99.500 -1.028
202109 0.314 100.100 0.335
202112 -0.535 100.100 -0.571
202203 0.543 101.100 0.574
202206 -0.048 101.800 -0.050
202209 2.182 103.100 2.260
202212 -0.324 104.100 -0.332
202303 0.303 104.400 0.310
202306 0.361 105.200 0.366
202309 0.183 106.200 0.184
202312 1.565 106.800 1.565

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


Hosiden  (FRA:HOD) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.90/0.77
=14.16

* 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 Hosiden was 66.11. The lowest was 7.45. And the median was 22.15.


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.


Hosiden Cyclically Adjusted FCF per Share Related Terms

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


Hosiden (FRA:HOD) Business Description

Industry
Traded in Other Exchanges
Address
4-33, Kitakyuhoji 1-Chome, Yao-City, Osaka, JPN, 581-0071
Hosiden Corp is a Japanese electronic parts and equipment manufacturer. The company offers its product through four segments, Electromechanical Components, Acoustic Components, Display Components, and Allied Equipment and Others. Its product portfolio includes connector, switch, acoustic parts, and touch panel that are also used in various electronic devices. It derives the majority of its revenues from its Electromechanical Components segment which mainly includes electrical parts.

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