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Kao (TSE:4452) Cyclically Adjusted Price-to-FCF : 28.94 (As of May. 23, 2024)


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What is Kao Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Kao's current share price is 円6892.00. Kao's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円238.17. Kao's Cyclically Adjusted Price-to-FCF for today is 28.94.

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

TSE:4452' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.64   Med: 33.8   Max: 45.55
Current: 29.16

During the past years, Kao's highest Cyclically Adjusted Price-to-FCF was 45.55. The lowest was 20.64. And the median was 33.80.

TSE:4452's Cyclically Adjusted Price-to-FCF is ranked worse than
57.31% of 691 companies
in the Consumer Packaged Goods industry
Industry Median: 23.71 vs TSE:4452: 29.16

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.

Kao's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円-34.812. 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238.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kao Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kao'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.

Kao Cyclically Adjusted Price-to-FCF Chart

Kao Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.49 35.82 26.23 22.77 24.14

Kao 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 23.10 22.84 24.02 24.14 23.63

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

For the Household & Personal Products subindustry, Kao'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.


Kao's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kao's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kao 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6892.00/238.17
=28.94

* 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.

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

For example, Kao'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)
=-34.812/107.2000*107.2000
=-34.812

Current CPI (Mar. 2024) = 107.2000.

Kao Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 68.158 98.000 74.557
201409 35.110 98.500 38.211
201412 77.436 97.900 84.792
201503 -30.071 97.900 -32.928
201506 73.300 98.400 79.855
201509 71.626 98.500 77.952
201512 98.348 98.100 107.471
201603 -41.358 97.900 -45.287
201606 67.895 98.100 74.193
201609 49.061 98.000 53.667
201612 135.055 98.400 147.133
201703 -38.621 98.100 -42.204
201706 76.340 98.500 83.083
201709 51.550 98.800 55.933
201712 105.239 99.400 113.497
201803 -43.381 99.200 -46.879
201806 87.087 99.200 94.110
201809 63.218 99.900 67.838
201812 114.022 99.700 122.599
201903 -37.598 99.700 -40.426
201906 107.092 99.800 115.033
201909 129.005 100.100 138.155
201912 114.527 100.500 122.162
202003 -35.166 100.300 -37.585
202006 103.236 99.900 110.780
202009 100.483 99.900 107.826
202012 132.630 99.300 143.182
202103 -39.640 99.900 -42.537
202106 98.209 99.500 105.809
202109 84.786 100.100 90.800
202112 76.485 100.100 81.910
202203 -55.278 101.100 -58.613
202206 25.945 101.800 27.321
202209 59.596 103.100 61.966
202212 85.699 104.100 88.251
202303 -39.405 104.400 -40.462
202306 103.143 105.200 105.104
202309 87.340 106.200 88.162
202312 141.546 106.800 142.076
202403 -34.812 107.200 -34.812

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.


Kao  (TSE:4452) 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.


Kao Cyclically Adjusted Price-to-FCF Related Terms

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


Kao (TSE:4452) Business Description

Traded in Other Exchanges
Address
14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, JPN, 103-8210
Kao is the largest household and personal care product manufacturer in Japan with a footprint across Asia, Europe, and the Americas. Japan remains its largest market, contributing about 60% of sales and an estimated 70% of profits with several leading brands including Attack and Biore. Initially a soap producer established in the 1890s, Kao has expanded into cosmetics, disposable hygiene products, and chemicals, in addition to its home care and toiletry products. Asia, the largest overseas market contributing 20% of group sales, is a key growth driver, led by expansion in China and Indonesia. It has also acquired several Western skin and haircare brands including Jergens, John Frieda, Curel, Molton Brown, and the latest, Oribe.

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