Nippon Signal Co (TSE:6741) Cyclically Adjusted FCF per Share : 円25.38 (As of Mar. 2024)

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What is Nippon Signal 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.

Nippon Signal Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円65.070. 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25.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nippon Signal Co's average Cyclically Adjusted FCF Growth Rate was -29.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.20% 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 Nippon Signal Co was 30.00% per year. The lowest was -5.10% per year. And the median was 12.10% per year.

As of today (2024-06-20), Nippon Signal Co's current stock price is 円1021.00. Nippon Signal Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円25.38. Nippon Signal Co's Cyclically Adjusted Price-to-FCF of today is 40.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nippon Signal Co was 111.40. The lowest was 16.75. And the median was 34.67.

Nippon Signal Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Nippon Signal 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.

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Nippon Signal Co Cyclically Adjusted FCF per Share Chart

Nippon Signal Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cyclically Adjusted FCF per Share

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26.74

29.66

44.71

36.17

25.38

Nippon Signal 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															36.17	29.51	28.95	22.90	25.38

Competitive Comparison of Nippon Signal Co's Cyclically Adjusted FCF per Share

For the Electrical Equipment & Parts subindustry, Nippon Signal 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.

Nippon Signal Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nippon Signal Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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

Nippon Signal Co Cyclically Adjusted FCF per Share Calculation

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, Nippon Signal 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)
	=	65.07	/	107.2000	*	107.2000
	=	65.070

Current CPI (Mar. 2024) = 107.2000.

Nippon Signal Co Quarterly Data

	Free Cash Flow per Share	CPI	Adj_FreeCashFlowPerShare
201406	200.449	98.000	219.267
201409	-26.388	98.500	-28.719
201412	-32.750	97.900	-35.861
201503	45.900	97.900	50.260
201506	83.216	98.400	90.658
201509	-21.272	98.500	-23.151
201512	-35.594	98.100	-38.896
201603	-8.152	97.900	-8.926
201606	93.138	98.100	101.778
201609	-58.078	98.000	-63.530
201612	-82.550	98.400	-89.933
201703	5.653	98.100	6.177
201706	148.066	98.500	161.144
201709	-113.477	98.800	-123.125
201712	-97.673	99.400	-105.337
201803	2.160	99.200	2.334
201806	160.029	99.200	172.935
201809	-98.853	99.900	-106.076
201812	-77.195	99.700	-83.002
201903	35.289	99.700	37.944
201906	180.960	99.800	194.378
201909	-104.011	100.100	-111.388
201912	-30.339	100.500	-32.362
202003	59.537	100.300	63.633
202006	133.892	99.900	143.676
202009	-70.144	99.900	-75.270
202012	-100.654	99.300	-108.662
202103	9.379	99.900	10.064
202106	165.173	99.500	177.955
202109	-52.491	100.100	-56.214
202112	-79.972	100.100	-85.644
202203	-35.898	101.100	-38.064
202206	183.771	101.800	193.519
202209	-152.617	103.100	-158.686
202212	-30.591	104.100	-31.502
202303	-15.055	104.400	-15.459
202306	158.920	105.200	161.941
202309	-61.294	106.200	-61.871
202312	-116.865	106.800	-117.303
202403	65.070	107.200	65.070

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

Nippon Signal Co (TSE:6741) 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.

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

Cyclically Adjusted Price-to-FCF	=	Share Price	/	Cyclically Adjusted FCF per Share
	=	1021.00	/	25.38
	=	40.23

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nippon Signal Co was 111.40. The lowest was 16.75. And the median was 34.67.

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.

Nippon Signal Co Cyclically Adjusted FCF per Share Related Terms

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

Nippon Signal Co (TSE:6741) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nippon Signal Co Ltd (TSE:6741) » Definitions » Cyclically Adjusted FCF per Share

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Traded in Other Exchanges

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Address

1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6513

Website

http://www.signal.co.jp

Nippon Signal Co Ltd is a Japanese technology company. Its products and services fall into the following categories: railway signal systems, traffic information systems, automatic fare collection, or AFR, systems, and parking information systems. The railway signal systems division provides automatic train supervision systems, relay interlocking equipment, level-crossing systems, and LED information boards. The traffic information systems division offers universal traffic management systems, local controllers, and LED traffic signal lights. The AFR system division offers comprehensive network systems to automate station operations. The parking information systems division offers car parking systems and bicycle lock systems.

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