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Daikin Industries (FRA:DKIA) Cyclically Adjusted Price-to-FCF : 42.26 (As of Jun. 05, 2024)


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What is Daikin Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Daikin Industries's current share price is €13.10. Daikin Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.31. Daikin Industries's Cyclically Adjusted Price-to-FCF for today is 42.26.

The historical rank and industry rank for Daikin Industries's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:DKIA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.63   Med: 39.25   Max: 60.25
Current: 43.3

During the past years, Daikin Industries's highest Cyclically Adjusted Price-to-FCF was 60.25. The lowest was 24.63. And the median was 39.25.

FRA:DKIA's Cyclically Adjusted Price-to-FCF is ranked worse than
77.87% of 583 companies
in the Construction industry
Industry Median: 17.91 vs FRA:DKIA: 43.30

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.

Daikin Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.105. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daikin Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Daikin Industries's Cyclically Adjusted Price-to-FCF 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.

Daikin Industries Cyclically Adjusted Price-to-FCF Chart

Daikin Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.15 47.65 43.23 46.29 38.90

Daikin Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 46.29 58.86 46.02 44.54 38.90

Competitive Comparison of Daikin Industries's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Daikin Industries'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.


Daikin Industries's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Daikin Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Daikin Industries Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Daikin Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.10/0.31
=42.26

* 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.

Daikin Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Daikin Industries'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)
=0.105/107.2000*107.2000
=0.105

Current CPI (Mar. 2024) = 107.2000.

Daikin Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.015 98.000 -0.016
201409 0.142 98.500 0.155
201412 0.039 97.900 0.043
201503 0.055 97.900 0.060
201506 0.015 98.400 0.016
201509 0.232 98.500 0.252
201512 0.062 98.100 0.068
201603 0.022 97.900 0.024
201606 0.119 98.100 0.130
201609 0.257 98.000 0.281
201612 0.076 98.400 0.083
201703 0.071 98.100 0.078
201706 0.029 98.500 0.032
201709 0.236 98.800 0.256
201712 0.069 99.400 0.074
201803 0.025 99.200 0.027
201806 0.103 99.200 0.111
201809 0.258 99.900 0.277
201812 0.045 99.700 0.048
201903 0.028 99.700 0.030
201906 0.117 99.800 0.126
201909 0.269 100.100 0.288
201912 0.128 100.500 0.137
202003 0.068 100.300 0.073
202006 0.095 99.900 0.102
202009 0.360 99.900 0.386
202012 0.170 99.300 0.184
202103 0.111 99.900 0.119
202106 0.086 99.500 0.093
202109 0.266 100.100 0.285
202112 0.002 100.100 0.002
202203 -0.011 101.100 -0.012
202206 0.037 101.800 0.039
202209 0.067 103.100 0.070
202212 -0.088 104.100 -0.091
202303 -0.054 104.400 -0.055
202306 -0.082 105.200 -0.084
202309 0.212 106.200 0.214
202312 0.099 106.800 0.099
202403 0.105 107.200 0.105

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


Daikin Industries  (FRA:DKIA) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Daikin Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Daikin Industries (FRA:DKIA) Business Description

Industry
Traded in Other Exchanges
Address
Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, JPN, 530-8323
Daikin Industries is one of the world's largest heating, ventilating and air conditioning, or HVAC, companies. North America, Japan, China, and Europe are Daikin's four biggest markets, accounting for 24.1%, 23.7%, 16.7%, and 14.5% of fiscal 2018 revenue, respectively. Air conditioning accounted for around 90% of revenue and operating profit, while chemicals and others made up the balance.

Daikin Industries (FRA:DKIA) Headlines

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