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Kyocera (TSE:6971) Cyclically Adjusted Price-to-FCF : 32.34 (As of May. 15, 2024)


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What is Kyocera Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Kyocera's current share price is 円1872.00. Kyocera's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円57.88. Kyocera's Cyclically Adjusted Price-to-FCF for today is 32.34.

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

TSE:6971' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.37   Med: 31.07   Max: 146.1
Current: 32.49

During the past years, Kyocera's highest Cyclically Adjusted Price-to-FCF was 146.10. The lowest was 23.37. And the median was 31.07.

TSE:6971's Cyclically Adjusted Price-to-FCF is ranked worse than
67.3% of 211 companies
in the Conglomerates industry
Industry Median: 18.36 vs TSE:6971: 32.49

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.

Kyocera's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円26.173. 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 円57.88 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kyocera Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kyocera'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.

Kyocera Cyclically Adjusted Price-to-FCF Chart

Kyocera 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 30.18 31.58 29.85 30.97 35.04

Kyocera 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 30.97 33.38 34.28 35.52 35.04

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

For the Conglomerates subindustry, Kyocera'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.


Kyocera's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

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

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



Kyocera 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1872.00/57.88
=32.34

* 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.

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

For example, Kyocera'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)
=26.173/107.2000*107.2000
=26.173

Current CPI (Mar. 2024) = 107.2000.

Kyocera Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.139 98.000 1.246
201409 18.783 98.500 20.442
201412 -5.339 97.900 -5.846
201503 31.413 97.900 34.397
201506 11.411 98.400 12.431
201509 24.402 98.500 26.557
201512 5.435 98.100 5.939
201603 38.643 97.900 42.314
201606 12.007 98.100 13.121
201609 11.258 98.000 12.315
201612 2.677 98.400 2.916
201703 36.318 98.100 39.687
201706 25.963 98.500 28.256
201709 9.280 98.800 10.069
201712 -0.630 99.400 -0.679
201803 11.282 99.200 12.192
201806 28.733 99.200 31.050
201809 18.345 99.900 19.686
201812 -0.035 99.700 -0.038
201903 22.893 99.700 24.615
201906 16.621 99.800 17.853
201909 18.400 100.100 19.705
201912 5.084 100.500 5.423
202003 24.679 100.300 26.377
202006 7.995 99.900 8.579
202009 11.236 99.900 12.057
202012 17.686 99.300 19.093
202103 24.263 99.900 26.036
202106 23.160 99.500 24.952
202109 7.989 100.100 8.556
202112 2.402 100.100 2.572
202203 4.484 101.100 4.755
202206 -10.600 101.800 -11.162
202209 -11.437 103.100 -11.892
202212 -6.170 104.100 -6.354
202303 23.030 104.400 23.648
202306 24.522 105.200 24.988
202309 -3.414 106.200 -3.446
202312 30.137 106.800 30.250
202403 26.173 107.200 26.173

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.


Kyocera  (TSE:6971) 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.


Kyocera Cyclically Adjusted Price-to-FCF Related Terms

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


Kyocera (TSE:6971) Business Description

Industry
Traded in Other Exchanges
Address
6, Takeda Tobadono-cho, Fushimi-ku, Kyoto, JPN, 612-8501
Kyocera is a Japanese conglomerate whose original business consisted of manufacturing fine ceramic components; the firm has since expanded into manufacturing handsets, printers, solar cells, and industrial tools. As a result of reorganization, the firm now consists of three major business segments, which are the core components business (29% of 2022 revenue), electronic components business (19% of revenue), and solutions business (53% of revenue).

Kyocera (TSE:6971) Headlines

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