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Daiei (TSE:8263) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


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What is Daiei Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiei Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Daiei'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.

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Daiei Cyclically Adjusted Price-to-FCF Chart

Daiei Annual Data
Trend Feb02 Feb03 Feb04 Feb05 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14
Cyclically Adjusted Price-to-FCF
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Daiei Quarterly Data
Feb05 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14
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Competitive Comparison of Daiei's Cyclically Adjusted Price-to-FCF

For the Department Stores subindustry, Daiei'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.


Daiei's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Daiei's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Daiei 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.

Daiei's Cyclically Adjusted FCF per Share for the fiscal year that ended in Feb14 is calculated as:

For example, Daiei's adjusted Free Cash Flow per Share data for the fiscal year that ended in Feb14 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb14 (Change)*Current CPI (Feb14)
=-26.819/95.5000*95.5000
=-26.819

Current CPI (Feb14) = 95.5000.

Daiei Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200202 -6.070 95.300 -6.083
200302 4.729 95.100 4.749
200402 5.255 95.100 5.277
200502 9.822 95.000 9.874
200902 26.580 95.600 26.552
201002 -39.162 94.900 -39.410
201102 -19.200 94.400 -19.424
201202 -17.576 94.700 -17.724
201302 -25.569 94.000 -25.977
201402 -26.819 95.500 -26.819

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.


Daiei  (TSE:8263) 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.


Daiei Cyclically Adjusted Price-to-FCF Related Terms

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Daiei (TSE:8263) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Daiei, Inc. was established on 10th April, 1957. The Company operates department stores. Its retail businesses include supermarkets, discount stores, department stores, and specialty shops. Its other businesses include restaurants, hotels, and real estate services. As of 28th February, 2013, the Company operated 205 stores.

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