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ITOCHU (TSE:8001) Cyclically Adjusted Price-to-FCF : 19.46 (As of Apr. 27, 2024)


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What is ITOCHU Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), ITOCHU's current share price is 円6898.00. ITOCHU's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円354.47. ITOCHU's Cyclically Adjusted Price-to-FCF for today is 19.46.

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

TSE:8001' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.45   Med: 13   Max: 19.18
Current: 18.35

During the past years, ITOCHU's highest Cyclically Adjusted Price-to-FCF was 19.18. The lowest was 8.45. And the median was 13.00.

TSE:8001's Cyclically Adjusted Price-to-FCF is ranked better than
50.73% of 205 companies
in the Conglomerates industry
Industry Median: 18.61 vs TSE:8001: 18.35

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.

ITOCHU's adjusted free cash flow per share data for the three months ended in Dec. 2023 was 円77.132. 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354.47 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ITOCHU Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ITOCHU'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.

ITOCHU Cyclically Adjusted Price-to-FCF Chart

ITOCHU Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.20 11.42 15.74 15.43 13.39

ITOCHU Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 13.43 13.39 17.07 15.62 16.27

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

For the Conglomerates subindustry, ITOCHU'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.


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

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

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



ITOCHU 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6898.00/354.47
=19.46

* 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.

ITOCHU's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, ITOCHU's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=77.132/106.8000*106.8000
=77.132

Current CPI (Dec. 2023) = 106.8000.

ITOCHU Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 126.796 95.700 141.503
201406 22.380 98.000 24.390
201409 26.001 98.500 28.192
201412 -18.933 97.900 -20.654
201503 151.661 97.900 165.448
201506 31.507 98.400 34.197
201509 32.796 98.500 35.560
201512 52.558 98.100 57.219
201603 87.349 97.900 95.290
201606 24.128 98.100 26.268
201609 54.191 98.000 59.057
201612 29.896 98.400 32.448
201703 82.725 98.100 90.061
201706 38.030 98.500 41.235
201709 32.740 98.800 35.391
201712 20.822 99.400 22.372
201803 89.094 99.200 95.920
201806 18.467 99.200 19.882
201809 59.067 99.900 63.147
201812 3.745 99.700 4.012
201903 154.828 99.700 165.854
201906 74.961 99.800 80.219
201909 185.282 100.100 197.683
201912 59.330 100.500 63.049
202003 135.051 100.300 143.803
202006 143.472 99.900 153.381
202009 105.778 99.900 113.084
202012 68.241 99.300 73.395
202103 173.765 99.900 185.767
202106 94.788 99.500 101.742
202109 127.646 100.100 136.190
202112 79.262 100.100 84.567
202203 132.472 101.100 139.941
202206 124.928 101.800 131.064
202209 130.714 103.100 135.405
202212 83.092 104.100 85.247
202303 169.001 104.400 172.886
202306 104.873 105.200 106.468
202309 146.051 106.200 146.876
202312 77.132 106.800 77.132

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.


ITOCHU  (TSE:8001) 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.


ITOCHU Cyclically Adjusted Price-to-FCF Related Terms

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


ITOCHU (TSE:8001) Business Description

Industry
Traded in Other Exchanges
Address
5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077
ITOCHU Corp is a group of businesses that engage in importing, exporting, and trading various products. The traded goods include textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, and information and communications technology. The largest segments by net profit to the group are Food and Energy and Chemicals. Food segment pursues efficiency-oriented operations from production and distribution to retail in all areas of food from raw materials to finished products both in Japan and overseas. The energy and chemicals segment trades crude oil and oil derivatives and chemicals.

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