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Toho Co (TSE:9602) Cyclically Adjusted FCF per Share : 円169.87 (As of Aug. 2024)


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What is Toho 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.

Toho Co's adjusted free cash flow per share for the three months ended in Aug. 2024 was 円44.978. 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169.87 for the trailing ten years ended in Aug. 2024.

During the past 12 months, Toho Co's average Cyclically Adjusted FCF Growth Rate was 2.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.70% 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 Toho Co was 6.20% per year. The lowest was 2.50% per year. And the median was 4.65% per year.

As of today (2024-12-13), Toho Co's current stock price is 円6743.00. Toho Co's Cyclically Adjusted FCF per Share for the quarter that ended in Aug. 2024 was 円169.87. Toho Co's Cyclically Adjusted Price-to-FCF of today is 39.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Toho Co was 38.77. The lowest was 21.31. And the median was 31.68.


Toho Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Toho 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.

Toho Co Cyclically Adjusted FCF per Share Chart

Toho Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.43 139.38 153.87 157.47 167.03

Toho Co Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 165.01 166.93 167.03 166.36 169.87

Competitive Comparison of Toho Co's Cyclically Adjusted FCF per Share

For the Entertainment subindustry, Toho 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.


Toho Co's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toho Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Toho 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, Toho Co's adjusted Free Cash Flow per Share data for the three months ended in Aug. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Aug. 2024 (Change)*Current CPI (Aug. 2024)
=44.978/109.1000*109.1000
=44.978

Current CPI (Aug. 2024) = 109.1000.

Toho Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201411 2.331 97.900 2.598
201502 68.743 97.600 76.843
201505 22.528 98.700 24.902
201508 72.855 98.400 80.777
201511 26.272 98.100 29.218
201602 59.176 97.800 66.013
201605 5.890 98.200 6.544
201608 46.238 97.900 51.528
201611 76.265 98.600 84.387
201702 58.233 98.100 64.763
201705 80.234 98.600 88.778
201708 84.762 98.500 93.884
201711 3.751 99.100 4.130
201802 33.372 99.500 36.592
201805 46.302 99.300 50.872
201808 53.040 99.800 57.983
201811 15.918 100.000 17.367
201902 34.929 99.700 38.222
201905 83.357 100.000 90.942
201908 78.325 100.000 85.453
201911 23.277 100.500 25.269
202002 66.643 100.300 72.490
202005 -98.721 100.100 -107.597
202008 24.857 100.100 27.092
202011 68.125 99.500 74.698
202102 22.699 99.800 24.814
202105 63.426 99.400 69.615
202108 8.781 99.700 9.609
202111 9.713 100.100 10.586
202202 67.836 100.700 73.495
202205 28.222 101.800 30.246
202208 60.125 102.700 63.872
202211 0.274 103.900 0.288
202302 73.534 104.000 77.140
202305 18.622 105.100 19.331
202308 88.150 105.900 90.814
202311 -31.656 106.900 -32.307
202402 48.913 106.900 49.920
202405 22.311 108.100 22.517
202408 44.978 109.100 44.978

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


Toho Co  (TSE:9602) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6743.00/169.87
=39.70

* 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 Toho Co was 38.77. The lowest was 21.31. And the median was 31.68.


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.


Toho Co Cyclically Adjusted FCF per Share Related Terms

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


Toho Co Business Description

Traded in Other Exchanges
Address
1-2-2 Yurakucho Chiyoda-ku, Tokyo, JPN, 100-8415
Toho Co Ltd is a diversified media company, with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.

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