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Hoya (STU:HYB) Cyclically Adjusted FCF per Share : €2.40 (As of Dec. 2024)


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What is Hoya 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.

Hoya's adjusted free cash flow per share for the three months ended in Dec. 2024 was €0.851. 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 €2.40 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Hoya's average Cyclically Adjusted FCF Growth Rate was 12.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.30% 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 Hoya was 14.30% per year. The lowest was 6.40% per year. And the median was 9.00% per year.

As of today (2025-05-07), Hoya's current stock price is €111.20. Hoya's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was €2.40. Hoya's Cyclically Adjusted Price-to-FCF of today is 46.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hoya was 75.65. The lowest was 20.93. And the median was 43.33.


Hoya Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hoya'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.

Hoya Cyclically Adjusted FCF per Share Chart

Hoya 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 2.04 1.85 2.06 2.21 2.21

Hoya Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.24 2.21 2.16 2.41 2.40

Competitive Comparison of Hoya's Cyclically Adjusted FCF per Share

For the Medical Instruments & Supplies subindustry, Hoya'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.


Hoya's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hoya's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Hoya 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, Hoya's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.851/110.7000*110.7000
=0.851

Current CPI (Dec. 2024) = 110.7000.

Hoya Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.584 97.900 0.660
201506 0.477 98.400 0.537
201509 0.547 98.500 0.615
201512 0.426 98.100 0.481
201603 0.622 97.900 0.703
201606 0.300 98.100 0.339
201609 0.529 98.000 0.598
201612 0.371 98.400 0.417
201703 0.654 98.100 0.738
201706 0.431 98.500 0.484
201709 0.662 98.800 0.742
201712 0.542 99.400 0.604
201803 0.699 99.200 0.780
201806 0.410 99.200 0.458
201809 0.648 99.900 0.718
201812 0.572 99.700 0.635
201903 0.834 99.700 0.926
201906 0.534 99.800 0.592
201909 0.758 100.100 0.838
201912 0.629 100.500 0.693
202003 0.687 100.300 0.758
202006 0.080 99.900 0.089
202009 0.854 99.900 0.946
202012 0.667 99.300 0.744
202103 0.947 99.900 1.049
202106 0.690 99.500 0.768
202109 0.822 100.100 0.909
202112 0.860 100.100 0.951
202203 0.983 101.100 1.076
202206 0.774 101.800 0.842
202209 1.030 103.100 1.106
202212 0.690 104.100 0.734
202303 0.798 104.400 0.846
202306 0.889 105.200 0.935
202309 0.873 106.200 0.910
202312 0.586 106.800 0.607
202403 0.922 107.200 0.952
202406 0.698 108.200 0.714
202409 1.041 108.900 1.058
202412 0.851 110.700 0.851

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


Hoya  (STU:HYB) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=111.20/2.40
=46.33

* 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 Hoya was 75.65. The lowest was 20.93. And the median was 43.33.


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.


Hoya Cyclically Adjusted FCF per Share Related Terms

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


Hoya Business Description

Industry
Traded in Other Exchanges
Address
20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-8347
Founded in 1941 in Tokyo as an optical glass production plant, Hoya is one of the largest eyeglass lens manufacturers in the world. Leveraging its technology know-how in glass manufacturing, Hoya entered the mask blanks business in 1974. Now although its life care business accounts for 67% of its total revenue, almost half of its profit before tax comes from its higher-margin IT business.