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Mitsubishi Chemical Group (FRA:M3C) Cyclically Adjusted FCF per Share : €0.67 (As of Mar. 2024)


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What is Mitsubishi Chemical Group 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.

Mitsubishi Chemical Group's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.435. 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 €0.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mitsubishi Chemical Group's average Cyclically Adjusted FCF Growth Rate was 12.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.80% 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 Mitsubishi Chemical Group was 10.90% per year. The lowest was 2.10% per year. And the median was 8.05% per year.

As of today (2024-06-07), Mitsubishi Chemical Group's current stock price is €4.709. Mitsubishi Chemical Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.67. Mitsubishi Chemical Group's Cyclically Adjusted Price-to-FCF of today is 7.03.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mitsubishi Chemical Group was 17.89. The lowest was 6.24. And the median was 9.27.


Mitsubishi Chemical Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mitsubishi Chemical Group'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.

Mitsubishi Chemical Group Cyclically Adjusted FCF per Share Chart

Mitsubishi Chemical Group 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 0.80 0.70 0.70 0.69 0.67

Mitsubishi Chemical Group 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 0.69 0.62 0.64 0.68 0.67

Competitive Comparison of Mitsubishi Chemical Group's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Mitsubishi Chemical Group'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.


Mitsubishi Chemical Group's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

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

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



Mitsubishi Chemical Group 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, Mitsubishi Chemical Group'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)
=0.435/107.2000*107.2000
=0.435

Current CPI (Mar. 2024) = 107.2000.

Mitsubishi Chemical Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.202 98.000 0.221
201409 0.081 98.500 0.088
201412 0.136 97.900 0.149
201503 0.429 97.900 0.470
201506 -0.292 98.400 -0.318
201509 0.169 98.500 0.184
201512 0.238 98.100 0.260
201603 0.328 97.900 0.359
201606 0.294 98.100 0.321
201609 0.290 98.000 0.317
201612 0.033 98.400 0.036
201703 0.470 98.100 0.514
201706 0.162 98.500 0.176
201709 0.254 98.800 0.276
201712 0.174 99.400 0.188
201803 0.243 99.200 0.263
201806 0.171 99.200 0.185
201809 0.422 99.900 0.453
201812 -0.049 99.700 -0.053
201903 0.390 99.700 0.419
201906 0.253 99.800 0.272
201909 0.522 100.100 0.559
201912 0.157 100.500 0.167
202003 0.250 100.300 0.267
202006 0.051 99.900 0.055
202009 0.151 99.900 0.162
202012 0.265 99.300 0.286
202103 0.665 99.900 0.714
202106 0.128 99.500 0.138
202109 0.113 100.100 0.121
202112 0.082 100.100 0.088
202203 0.121 101.100 0.128
202206 -0.217 101.800 -0.229
202209 0.039 103.100 0.041
202212 0.043 104.100 0.044
202303 0.487 104.400 0.500
202306 -0.036 105.200 -0.037
202309 0.331 106.200 0.334
202312 0.077 106.800 0.077
202403 0.435 107.200 0.435

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


Mitsubishi Chemical Group  (FRA:M3C) 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.

Mitsubishi Chemical Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.709/0.67
=7.03

* 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 Mitsubishi Chemical Group was 17.89. The lowest was 6.24. And the median was 9.27.


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.


Mitsubishi Chemical Group Cyclically Adjusted FCF per Share Related Terms

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


Mitsubishi Chemical Group (FRA:M3C) Business Description

Traded in Other Exchanges
Address
1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251
Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

Mitsubishi Chemical Group (FRA:M3C) Headlines

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