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OBIC Co (FRA:OBL) Cyclically Adjusted FCF per Share : €2.16 (As of Mar. 2024)


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What is OBIC 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.

OBIC Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.262. 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 €2.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, OBIC Co's average Cyclically Adjusted FCF Growth Rate was 15.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.10% 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 OBIC Co was 16.70% per year. The lowest was 9.40% per year. And the median was 14.50% per year.

As of today (2024-06-23), OBIC Co's current stock price is €119.00. OBIC Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.16. OBIC Co's Cyclically Adjusted Price-to-FCF of today is 55.09.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of OBIC Co was 112.16. The lowest was 41.02. And the median was 72.03.


OBIC Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for OBIC 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.

OBIC Co Cyclically Adjusted FCF per Share Chart

OBIC 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 1.60 1.74 1.93 2.07 2.16

OBIC 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 2.07 1.98 2.08 2.15 2.16

Competitive Comparison of OBIC Co's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, OBIC 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.


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

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

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



OBIC 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, OBIC 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)
=1.262/107.2000*107.2000
=1.262

Current CPI (Mar. 2024) = 107.2000.

OBIC Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.431 98.000 0.471
201409 0.318 98.500 0.346
201412 0.386 97.900 0.423
201503 0.538 97.900 0.589
201506 0.046 98.400 0.050
201509 0.394 98.500 0.429
201512 0.393 98.100 0.429
201603 0.564 97.900 0.618
201606 0.401 98.100 0.438
201609 0.451 98.000 0.493
201612 0.440 98.400 0.479
201703 0.619 98.100 0.676
201706 0.158 98.500 0.172
201709 0.429 98.800 0.465
201712 0.463 99.400 0.499
201803 0.580 99.200 0.627
201806 0.247 99.200 0.267
201809 0.313 99.900 0.336
201812 0.611 99.700 0.657
201903 0.528 99.700 0.568
201906 0.101 99.800 0.108
201909 0.402 100.100 0.431
201912 0.665 100.500 0.709
202003 0.658 100.300 0.703
202006 0.676 99.900 0.725
202009 1.030 99.900 1.105
202012 0.742 99.300 0.801
202103 1.178 99.900 1.264
202106 0.361 99.500 0.389
202109 0.900 100.100 0.964
202112 0.803 100.100 0.860
202203 1.147 101.100 1.216
202206 0.817 101.800 0.860
202209 1.023 103.100 1.064
202212 0.902 104.100 0.929
202303 1.358 104.400 1.394
202306 0.696 105.200 0.709
202309 1.158 106.200 1.169
202312 0.592 106.800 0.594
202403 1.262 107.200 1.262

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


OBIC Co  (FRA:OBL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=119.00/2.16
=55.09

* 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 OBIC Co was 112.16. The lowest was 41.02. And the median was 72.03.


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.


OBIC Co Cyclically Adjusted FCF per Share Related Terms

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


OBIC Co (FRA:OBL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » OBIC Co Ltd (FRA:OBL) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
Obic Building, 2-4-15 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8328
OBIC Co Ltd is a Japan-based IT service management company. Its principal operations are system integration services, system support services, office automation services, and package software services, providing customers with total solution services. The company's business segments include System Integration Services, OBIC7 series ERP software, System Support Services and Office Automation Services.

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