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Toyo Sugar Refining Co (TSE:2107) Cyclically Adjusted FCF per Share : 円129.13 (As of Dec. 2023)


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What is Toyo Sugar Refining 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.

Toyo Sugar Refining Co's adjusted free cash flow per share for the three months ended in Dec. 2023 was 円191.821. 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 円129.13 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Toyo Sugar Refining Co's average Cyclically Adjusted FCF Growth Rate was 16.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.10% 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 Toyo Sugar Refining Co was -4.90% per year. The lowest was -5.10% per year. And the median was -5.00% per year.

As of today (2024-06-09), Toyo Sugar Refining Co's current stock price is 円1650.00. Toyo Sugar Refining Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円129.13. Toyo Sugar Refining Co's Cyclically Adjusted Price-to-FCF of today is 12.78.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Toyo Sugar Refining Co was 20.68. The lowest was 6.99. And the median was 9.14.


Toyo Sugar Refining Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Toyo Sugar Refining 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.

Toyo Sugar Refining Co Cyclically Adjusted FCF per Share Chart

Toyo Sugar Refining Co 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 137.31 131.25 120.42 118.04 112.30

Toyo Sugar Refining Co 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 110.62 112.30 111.13 112.87 129.13

Competitive Comparison of Toyo Sugar Refining Co's Cyclically Adjusted FCF per Share

For the Confectioners subindustry, Toyo Sugar Refining 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.


Toyo Sugar Refining Co's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Toyo Sugar Refining Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Toyo Sugar Refining 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, Toyo Sugar Refining Co'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)
=191.821/106.8000*106.8000
=191.821

Current CPI (Dec. 2023) = 106.8000.

Toyo Sugar Refining Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 52.081 95.700 58.122
201406 -36.494 98.000 -39.771
201409 58.683 98.500 63.628
201412 78.122 97.900 85.224
201503 -38.144 97.900 -41.612
201506 -55.749 98.400 -60.508
201509 80.690 98.500 87.489
201512 105.080 98.100 114.399
201603 19.072 97.900 20.806
201606 4.401 98.100 4.791
201609 5.135 98.000 5.596
201612 -15.404 98.400 -16.719
201703 65.835 98.100 71.674
201706 -115.166 98.500 -124.870
201709 62.351 98.800 67.400
201712 97.011 99.400 104.233
201803 24.574 99.200 26.457
201806 21.823 99.200 23.495
201809 90.226 99.900 96.458
201812 80.139 99.700 85.846
201903 67.302 99.700 72.095
201906 -27.875 99.800 -29.830
201909 74.271 100.100 79.242
201912 47.497 100.500 50.474
202003 25.307 100.300 26.947
202006 -22.923 99.900 -24.506
202009 48.964 99.900 52.346
202012 70.970 99.300 76.330
202103 10.270 99.900 10.979
202106 -34.293 99.500 -36.809
202109 35.027 100.100 37.371
202112 79.589 100.100 84.916
202203 33.096 101.100 34.962
202206 -31.909 101.800 -33.476
202209 -37.411 103.100 -38.754
202212 119.017 104.100 122.104
202303 -32.276 104.400 -33.018
202306 -27.691 105.200 -28.112
202309 43.829 106.200 44.077
202312 191.821 106.800 191.821

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


Toyo Sugar Refining Co  (TSE:2107) 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.

Toyo Sugar Refining Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1650.00/129.13
=12.78

* 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 Toyo Sugar Refining Co was 20.68. The lowest was 6.99. And the median was 9.14.


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.


Toyo Sugar Refining Co Cyclically Adjusted FCF per Share Related Terms

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


Toyo Sugar Refining Co (TSE:2107) Business Description

Traded in Other Exchanges
N/A
Address
Yoto Building, 18-20, Nihombashi-Koamicho, Chuo-ku, Tokyo, JPN, 103-0016
Toyo Sugar Refining Co Ltd operates in the confectionery industry. The company's core business activities are categorised into two key segments - Sugar business and Functional Ingredients business. Sugar business focuses on refining and sale of sugar. The Functional Ingredients business develops and manufactures in-house ingredients such as Citron Polyphenol, Oligonol, Perilla Leaf Extract, Soy Isoflavone, among others. These products are widely used in food and beverage and, personal care sector.

Toyo Sugar Refining Co (TSE:2107) Headlines

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