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Komatsu (STU:KOM1) Cyclically Adjusted FCF per Share : €0.75 (As of Mar. 2024)


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What is Komatsu 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.

Komatsu's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.682. 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 €0.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Komatsu's average Cyclically Adjusted FCF Growth Rate was 10.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.70% 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 Komatsu was 12.40% per year. The lowest was 1.30% per year. And the median was 9.55% per year.

As of today (2024-05-24), Komatsu's current stock price is €27.25. Komatsu's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.75. Komatsu's Cyclically Adjusted Price-to-FCF of today is 36.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Komatsu was 64.68. The lowest was 19.74. And the median was 32.03.


Komatsu Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Komatsu'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.

Komatsu Cyclically Adjusted FCF per Share Chart

Komatsu 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 0.67 0.73 0.82 0.76 0.75

Komatsu 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 0.76 0.72 0.72 0.76 0.75

Competitive Comparison of Komatsu's Cyclically Adjusted FCF per Share

For the Farm & Heavy Construction Machinery subindustry, Komatsu'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.


Komatsu's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Komatsu's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Komatsu 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, Komatsu'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)
=0.682/107.2000*107.2000
=0.682

Current CPI (Mar. 2024) = 107.2000.

Komatsu Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.261 98.000 0.286
201409 0.456 98.500 0.496
201412 -0.069 97.900 -0.076
201503 0.474 97.900 0.519
201506 0.117 98.400 0.127
201509 0.449 98.500 0.489
201512 0.116 98.100 0.127
201603 0.557 97.900 0.610
201606 0.108 98.100 0.118
201609 0.152 98.000 0.166
201612 0.088 98.400 0.096
201703 0.587 98.100 0.641
201706 -0.014 98.500 -0.015
201709 0.023 98.800 0.025
201712 -0.338 99.400 -0.365
201803 0.282 99.200 0.305
201806 -0.347 99.200 -0.375
201809 0.232 99.900 0.249
201812 -0.258 99.700 -0.277
201903 0.464 99.700 0.499
201906 0.121 99.800 0.130
201909 0.268 100.100 0.287
201912 -0.223 100.500 -0.238
202003 0.818 100.300 0.874
202006 0.155 99.900 0.166
202009 0.421 99.900 0.452
202012 0.292 99.300 0.315
202103 0.576 99.900 0.618
202106 0.212 99.500 0.228
202109 0.397 100.100 0.425
202112 -0.116 100.100 -0.124
202203 0.624 101.100 0.662
202206 -0.289 101.800 -0.304
202209 -0.164 103.100 -0.171
202212 0.066 104.100 0.068
202303 0.553 104.400 0.568
202306 0.310 105.200 0.316
202309 0.360 106.200 0.363
202312 0.188 106.800 0.189
202403 0.682 107.200 0.682

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


Komatsu  (STU:KOM1) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=27.25/0.75
=36.33

* 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 Komatsu was 64.68. The lowest was 19.74. And the median was 32.03.


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.


Komatsu Cyclically Adjusted FCF per Share Related Terms

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


Komatsu (STU:KOM1) Business Description

Address
3-6 Akasaka 2-chome, Minato-ku, Tokyo, JPN, 107-8414
Komatsu manufactures and sells construction, mining, utility, forestry, and industrial machinery. It also provides related services such as supplying parts, financing, and maintenance. Its major products are hydraulic excavators, bulldozers, wheel loaders, dump trucks, and motor graders, which focus on surface mining and construction. Through its subsidiary, Komatsu Mining (previously Joy Global before being acquired), the company manufactures and sells surface mining equipment like draglines as well as underground mining machinery such as continuous miners and blasthole drills. The company is headquartered in Tokyo.

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