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TDK (TSE:6762) Cyclically Adjusted FCF per Share : 円13.31 (As of Mar. 2024)


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What is TDK 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.

TDK's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円136.026. 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13.31 for the trailing ten years ended in Mar. 2024.

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 TDK was -1.90% per year. The lowest was -62.70% per year. And the median was -9.30% per year.

As of today (2024-05-01), TDK's current stock price is 円7084.00. TDK's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円13.31. TDK's Cyclically Adjusted Price-to-FCF of today is 532.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TDK was 2357.27. The lowest was 19.00. And the median was 53.83.


TDK Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TDK'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.

TDK Cyclically Adjusted FCF per Share Chart

TDK 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 3.11 -0.47 -18.24 -29.12 13.31

TDK 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 -29.12 -32.67 -14.03 5.96 13.31

Competitive Comparison of TDK's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, TDK'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.


TDK's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TDK's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



TDK 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, TDK'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)
=136.026/107.2000*107.2000
=136.026

Current CPI (Mar. 2024) = 107.2000.

TDK Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -3.292 98.000 -3.601
201409 6.246 98.500 6.798
201412 44.702 97.900 48.948
201503 57.007 97.900 62.422
201506 -5.626 98.400 -6.129
201509 -24.896 98.500 -27.095
201512 37.705 98.100 41.203
201603 -31.222 97.900 -34.188
201606 -118.037 98.100 -128.986
201609 30.360 98.000 33.210
201612 37.165 98.400 40.489
201703 30.699 98.100 33.547
201706 -164.885 98.500 -179.448
201709 -86.815 98.800 -94.196
201712 -17.030 99.400 -18.366
201803 38.672 99.200 41.791
201806 -206.875 99.200 -223.558
201809 24.297 99.900 26.072
201812 111.863 99.700 120.278
201903 -16.982 99.700 -18.259
201906 -113.477 99.800 -121.891
201909 31.908 100.100 34.171
201912 133.304 100.500 142.191
202003 77.193 100.300 82.503
202006 -96.300 99.900 -103.337
202009 11.034 99.900 11.840
202012 85.420 99.300 92.216
202103 26.965 99.900 28.935
202106 -150.822 99.500 -162.494
202109 -167.380 100.100 -179.252
202112 -14.211 100.100 -15.219
202203 36.663 101.100 38.875
202206 -204.663 101.800 -215.519
202209 -55.691 103.100 -57.906
202212 165.520 104.100 170.449
202303 60.759 104.400 62.389
202306 -8.655 105.200 -8.820
202309 245.907 106.200 248.223
202312 227.942 106.800 228.796
202403 136.026 107.200 136.026

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


TDK  (TSE:6762) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7084.00/13.31
=532.23

* 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 TDK was 2357.27. The lowest was 19.00. And the median was 53.83.


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.


TDK Cyclically Adjusted FCF per Share Related Terms

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


TDK (TSE:6762) Business Description

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Address
Shibaura Renasite Tower, 3-9-1 Shibaura, Minato-ku, Tokyo, JPN
Founded in 1935, TDK has its origin in magnetic materials, being the first company to commercialize ferrite in the world, and it used to be known as one of the major cassette-tape manufacturers. TDK is now the only external supplier for magnetic recording heads for hard disk drives, and the company intends to expand its magnetic sensor business for handsets and automobiles by leveraging its expertise. It is also one of the global top suppliers of passive components for autos and polymer rechargeable batteries for smartphones. The company acquired InvenSense in 2017, making it one of the largest MEMS sensor companies in the world.

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