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Nikon (HAM:NKN) Cyclically Adjusted Price-to-FCF : 23.15 (As of Jun. 21, 2024)


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What is Nikon Cyclically Adjusted Price-to-FCF?

As of today (2024-06-21), Nikon's current share price is €9.028. Nikon's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.39. Nikon's Cyclically Adjusted Price-to-FCF for today is 23.15.

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

HAM:NKN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.48   Med: 14.58   Max: 26.1
Current: 24.06

During the past years, Nikon's highest Cyclically Adjusted Price-to-FCF was 26.10. The lowest was 6.48. And the median was 14.58.

HAM:NKN's Cyclically Adjusted Price-to-FCF is ranked worse than
54.89% of 348 companies
in the Travel & Leisure industry
Industry Median: 21.78 vs HAM:NKN: 24.06

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.

Nikon's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.232. 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 €0.39 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nikon Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nikon'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.

Nikon Cyclically Adjusted Price-to-FCF Chart

Nikon 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 8.37 11.85 13.69 14.64 23.62

Nikon 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 14.64 21.26 21.75 16.86 23.62

Competitive Comparison of Nikon's Cyclically Adjusted Price-to-FCF

For the Leisure subindustry, Nikon'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.


Nikon's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nikon's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Nikon 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.028/0.39
=23.15

* 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.

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

For example, Nikon'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)
=-0.232/107.2000*107.2000
=-0.232

Current CPI (Mar. 2024) = 107.2000.

Nikon Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.358 98.000 -0.392
201409 0.484 98.500 0.527
201412 0.250 97.900 0.274
201503 0.530 97.900 0.580
201506 0.530 98.400 0.577
201509 0.110 98.500 0.120
201512 0.593 98.100 0.648
201603 0.142 97.900 0.155
201606 0.058 98.100 0.063
201609 0.401 98.000 0.439
201612 0.914 98.400 0.996
201703 0.036 98.100 0.039
201706 -0.173 98.500 -0.188
201709 0.310 98.800 0.336
201712 1.138 99.400 1.227
201803 0.408 99.200 0.441
201806 0.547 99.200 0.591
201809 0.141 99.900 0.151
201812 0.261 99.700 0.281
201903 -0.162 99.700 -0.174
201906 -0.074 99.800 -0.079
201909 0.198 100.100 0.212
201912 -0.097 100.500 -0.103
202003 -0.225 100.300 -0.240
202006 -0.599 99.900 -0.643
202009 0.079 99.900 0.085
202012 0.394 99.300 0.425
202103 -0.284 99.900 -0.305
202106 -0.086 99.500 -0.093
202109 0.097 100.100 0.104
202112 -0.002 100.100 -0.002
202203 0.149 101.100 0.158
202206 -0.042 101.800 -0.044
202209 -0.150 103.100 -0.156
202212 -0.057 104.100 -0.059
202303 -0.401 104.400 -0.412
202306 -0.125 105.200 -0.127
202309 -0.420 106.200 -0.424
202312 0.338 106.800 0.339
202403 -0.232 107.200 -0.232

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.


Nikon  (HAM:NKN) 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.


Nikon Cyclically Adjusted Price-to-FCF Related Terms

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


Nikon (HAM:NKN) Business Description

Industry
Traded in Other Exchanges
Address
Konan 2-15-3 Shinagawa Intercity Building C, Minato-ku, Tokyo, JPN, 108-6290
Nikon manufactures photography and videography equipment. The company organises itself into various segments based on product type: imaging products, precision equipment, instruments, medical, and other business. The imaging products and precision equipment businesses collectively constitute the vast majority of company revenue. The imaging products business, which contributes more than half of consolidated revenue, principally produces digital cameras and interchangeable lenses. The precision equipment business produces semiconductor lithography systems for the production of semiconductors, and FPD lithography systems for the production of LCD and OLED panels.

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