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Ibiden Co (FRA:IBI) Cyclically Adjusted FCF per Share : €0.44 (As of Mar. 2024)


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What is Ibiden Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Ibiden Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was €3.969. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €0.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ibiden Co's average Cyclically Adjusted FCF Growth Rate was 77.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Ibiden Co was 26.20% per year. The lowest was -26.10% per year. And the median was 0.05% per year.

As of today (2024-06-09), Ibiden Co's current stock price is €36.60. Ibiden Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.44. Ibiden Co's Cyclically Adjusted Price-to-FCF of today is 83.18.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ibiden Co was 1351.52. The lowest was 21.95. And the median was 82.92.


Ibiden Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ibiden Co's Cyclically Adjusted FCF per Share 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.

Ibiden Co Cyclically Adjusted FCF per Share Chart

Ibiden Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 -0.18 0.16 0.28 0.44

Ibiden Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 0.28 0.11 0.16 0.05 0.44

Competitive Comparison of Ibiden Co's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, Ibiden Co'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.


Ibiden Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ibiden Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ibiden Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Ibiden Co'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)
=3.969/107.2000*107.2000
=3.969

Current CPI (Mar. 2024) = 107.2000.

Ibiden Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.208 98.000 -0.228
201409 -0.010 98.500 -0.011
201412 0.181 97.900 0.198
201503 0.373 97.900 0.408
201506 -0.082 98.400 -0.089
201509 0.457 98.500 0.497
201512 0.627 98.100 0.685
201603 -0.107 97.900 -0.117
201606 0.095 98.100 0.104
201609 -0.076 98.000 -0.083
201612 -0.146 98.400 -0.159
201703 0.265 98.100 0.290
201706 0.218 98.500 0.237
201709 0.300 98.800 0.326
201712 -0.324 99.400 -0.349
201803 0.254 99.200 0.274
201806 -0.222 99.200 -0.240
201809 0.080 99.900 0.086
201812 -0.228 99.700 -0.245
201903 0.032 99.700 0.034
201906 -0.130 99.800 -0.140
201909 -0.247 100.100 -0.265
201912 -0.107 100.500 -0.114
202003 -0.257 100.300 -0.275
202006 -0.804 99.900 -0.863
202009 -0.962 99.900 -1.032
202012 0.061 99.300 0.066
202103 -0.461 99.900 -0.495
202106 -0.280 99.500 -0.302
202109 0.381 100.100 0.408
202112 0.914 100.100 0.979
202203 1.263 101.100 1.339
202206 2.257 101.800 2.377
202209 0.829 103.100 0.862
202212 -1.414 104.100 -1.456
202303 -0.556 104.400 -0.571
202306 -1.588 105.200 -1.618
202309 0.796 106.200 0.803
202312 -0.686 106.800 -0.689
202403 3.969 107.200 3.969

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Ibiden Co  (FRA:IBI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Ibiden Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=36.60/0.44
=83.18

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ibiden Co was 1351.52. The lowest was 21.95. And the median was 82.92.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Ibiden Co Cyclically Adjusted FCF per Share Related Terms

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


Ibiden Co (FRA:IBI) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ibiden Co Ltd (FRA:IBI) » Definitions » Cyclically Adjusted FCF per Share
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Address
2-1 Kanda-cho, Ogaki, Gifu, JPN, 503-8604
Ibiden Company Limited is a provider of electronic and ceramic products. The company operates through three segments: ceramic, electron and other. The ceramic segment, which contributes the largest portion of revenue, provides environment-related ceramics products, graphite and specialty products, ceramic fibre, and fine ceramics products. Electron, the next- largest segment, offers package substrates in computers, information technology infrastructure, mobile device wiring boards, mobile devices and home appliances. The other segment includes the processing of agriculture, livestock and fisheries, the sale of oil products and synthetic resin production. The company is headquartered in Japan and generates the majority of revenue in Asia.

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