GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AGC Inc (TSE:5201) » Definitions » Cyclically Adjusted FCF per Share

AGC (TSE:5201) Cyclically Adjusted FCF per Share : 円155.80 (As of Mar. 2024)


View and export this data going back to 1950. Start your Free Trial

What is AGC 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.

AGC's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円63.425. 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155.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AGC's average Cyclically Adjusted FCF Growth Rate was 2.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -17.30% 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 AGC was -5.80% per year. The lowest was -25.80% per year. And the median was -21.50% per year.

As of today (2024-05-21), AGC's current stock price is 円5556.00. AGC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円155.80. AGC's Cyclically Adjusted Price-to-FCF of today is 35.66.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AGC was 37.55. The lowest was 7.66. And the median was 23.44.


AGC Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AGC'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.

AGC Cyclically Adjusted FCF per Share Chart

AGC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 305.48 186.64 175.00 160.92 155.96

AGC 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 152.54 151.59 159.39 155.96 155.80

Competitive Comparison of AGC's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, AGC'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.


AGC's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

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

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



AGC 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, AGC'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)
=63.425/107.2000*107.2000
=63.425

Current CPI (Mar. 2024) = 107.2000.

AGC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 49.791 98.000 54.465
201409 -19.939 98.500 -21.700
201412 -1.232 97.900 -1.349
201503 109.529 97.900 119.934
201506 37.628 98.400 40.993
201509 -18.321 98.500 -19.939
201512 132.498 98.100 144.789
201603 89.103 97.900 97.567
201606 96.608 98.100 105.570
201609 41.652 98.000 45.562
201612 139.740 98.400 152.237
201703 122.155 98.100 133.486
201706 19.885 98.500 21.641
201709 -19.754 98.800 -21.433
201712 78.549 99.400 84.713
201803 -20.009 99.200 -21.623
201806 -31.748 99.200 -34.308
201809 -60.164 99.900 -64.560
201812 14.429 99.700 15.514
201903 53.969 99.700 58.029
201906 -9.356 99.800 -10.050
201909 2.355 100.100 2.522
201912 -74.045 100.500 -78.981
202003 124.464 100.300 133.026
202006 -5.698 99.900 -6.114
202009 -28.844 99.900 -30.952
202012 62.714 99.300 67.703
202103 186.395 99.900 200.015
202106 132.029 99.500 142.246
202109 8.377 100.100 8.971
202112 195.662 100.100 209.540
202203 88.318 101.100 93.647
202206 9.497 101.800 10.001
202209 -70.799 103.100 -73.614
202212 -57.865 104.100 -59.588
202303 -94.523 104.400 -97.058
202306 31.918 105.200 32.525
202309 25.046 106.200 25.282
202312 35.729 106.800 35.863
202403 63.425 107.200 63.425

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


AGC  (TSE:5201) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5556.00/155.8
=35.66

* 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 AGC was 37.55. The lowest was 7.66. And the median was 23.44.


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.


AGC Cyclically Adjusted FCF per Share Related Terms

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


AGC (TSE:5201) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AGC Inc (TSE:5201) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405
AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

AGC (TSE:5201) Headlines

No Headlines