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Denso (DNZOF) Cyclically Adjusted Price-to-FCF : 49.69 (As of May. 15, 2024)


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What is Denso Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Denso's current share price is $15.90. Denso's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.32. Denso's Cyclically Adjusted Price-to-FCF for today is 49.69.

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

DNZOF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.33   Med: 28.75   Max: 81.76
Current: 52.78

During the past years, Denso's highest Cyclically Adjusted Price-to-FCF was 81.76. The lowest was 14.33. And the median was 28.75.

DNZOF's Cyclically Adjusted Price-to-FCF is ranked worse than
74.34% of 491 companies
in the Vehicles & Parts industry
Industry Median: 21.92 vs DNZOF: 52.78

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.

Denso's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.193. 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 $0.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Denso Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Denso'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.

Denso Cyclically Adjusted Price-to-FCF Chart

Denso 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 18.69 52.63 61.70 51.80 59.45

Denso 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 51.80 56.96 56.68 45.67 59.45

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

For the Auto Parts subindustry, Denso'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.


Denso's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

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

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



Denso 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.90/0.32
=49.69

* 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.

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

For example, Denso'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)
=0.193/107.2000*107.2000
=0.193

Current CPI (Mar. 2024) = 107.2000.

Denso Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.135 98.000 0.148
201409 -0.122 98.500 -0.133
201412 -0.043 97.900 -0.047
201503 0.085 97.900 0.093
201506 0.231 98.400 0.252
201509 0.019 98.500 0.021
201512 0.108 98.100 0.118
201603 0.191 97.900 0.209
201606 0.249 98.100 0.272
201609 -0.094 98.000 -0.103
201612 0.049 98.400 0.053
201703 0.149 98.100 0.163
201706 0.280 98.500 0.305
201709 -0.029 98.800 -0.031
201712 0.145 99.400 0.156
201803 0.157 99.200 0.170
201806 0.294 99.200 0.318
201809 -0.133 99.900 -0.143
201812 -0.069 99.700 -0.074
201903 0.161 99.700 0.173
201906 0.387 99.800 0.416
201909 -0.097 100.100 -0.104
201912 -0.031 100.500 -0.033
202003 0.124 100.300 0.133
202006 -0.274 99.900 -0.294
202009 -0.150 99.900 -0.161
202012 0.396 99.300 0.428
202103 0.046 99.900 0.049
202106 0.311 99.500 0.335
202109 -0.082 100.100 -0.088
202112 -0.279 100.100 -0.299
202203 0.118 101.100 0.125
202206 0.056 101.800 0.059
202209 0.006 103.100 0.006
202212 0.133 104.100 0.137
202303 0.251 104.400 0.258
202306 0.465 105.200 0.474
202309 0.048 106.200 0.048
202312 0.343 106.800 0.344
202403 0.193 107.200 0.193

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.


Denso  (OTCPK:DNZOF) 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.


Denso Cyclically Adjusted Price-to-FCF Related Terms

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


Denso (DNZOF) Business Description

Traded in Other Exchanges
Address
1-1 Showa-cho, Kariya, JPN, 448-8661
Denso manufactures automotive components and systems, as well as other industrial products and home appliances. The company was founded in 1949 as a result of becoming independent from Toyota Motor, which is currently the largest shareholder with 24.75% ownership. Its main businesses are powertrain control systems, thermal systems, electrification systems, mobility systems, and sensors/semiconductor systems for mainly hybrid, internal combustion engine, battery electric, and fuel cell vehicles. The company operates globally and is headquartered in Kariya, Japan.