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Konica Minolta (FRA:KPI1) Cyclically Adjusted FCF per Share : €0.17 (As of Mar. 2024)


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What is Konica Minolta 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.

Konica Minolta's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.293. 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 €0.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Konica Minolta's average Cyclically Adjusted FCF Growth Rate was -3.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -18.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -15.90% 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 Konica Minolta was -4.30% per year. The lowest was -18.20% per year. And the median was -14.15% per year.

As of today (2024-05-28), Konica Minolta's current stock price is €2.623. Konica Minolta's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.17. Konica Minolta's Cyclically Adjusted Price-to-FCF of today is 15.43.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Konica Minolta was 20.79. The lowest was 6.03. And the median was 13.62.


Konica Minolta Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Konica Minolta'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.

Konica Minolta Cyclically Adjusted FCF per Share Chart

Konica Minolta 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 0.42 0.39 0.29 0.20 0.17

Konica Minolta 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 0.20 0.16 0.16 0.16 0.17

Competitive Comparison of Konica Minolta's Cyclically Adjusted FCF per Share

For the Business Equipment & Supplies subindustry, Konica Minolta'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.


Konica Minolta's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Konica Minolta's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Konica Minolta 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, Konica Minolta'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)
=0.293/107.2000*107.2000
=0.293

Current CPI (Mar. 2024) = 107.2000.

Konica Minolta Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.050 98.000 -0.055
201409 0.377 98.500 0.410
201412 0.181 97.900 0.198
201503 0.272 97.900 0.298
201506 -0.187 98.400 -0.204
201509 0.128 98.500 0.139
201512 -0.002 98.100 -0.002
201603 0.217 97.900 0.238
201606 0.058 98.100 0.063
201609 0.213 98.000 0.233
201612 0.069 98.400 0.075
201703 0.124 98.100 0.136
201706 -0.169 98.500 -0.184
201709 0.331 98.800 0.359
201712 0.033 99.400 0.036
201803 0.215 99.200 0.232
201806 -0.113 99.200 -0.122
201809 0.109 99.900 0.117
201812 0.039 99.700 0.042
201903 0.056 99.700 0.060
201906 -0.195 99.800 -0.209
201909 -0.057 100.100 -0.061
201912 -0.127 100.500 -0.135
202003 0.057 100.300 0.061
202006 -0.270 99.900 -0.290
202009 0.120 99.900 0.129
202012 0.310 99.300 0.335
202103 0.427 99.900 0.458
202106 -0.069 99.500 -0.074
202109 0.206 100.100 0.221
202112 -0.351 100.100 -0.376
202203 -0.155 101.100 -0.164
202206 -0.389 101.800 -0.410
202209 -0.001 103.100 -0.001
202212 -0.260 104.100 -0.268
202303 0.257 104.400 0.264
202306 -0.123 105.200 -0.125
202309 0.266 106.200 0.269
202312 0.037 106.800 0.037
202403 0.293 107.200 0.293

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


Konica Minolta  (FRA:KPI1) 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.

Konica Minolta's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.623/0.17
=15.43

* 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 Konica Minolta was 20.79. The lowest was 6.03. And the median was 13.62.


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.


Konica Minolta Cyclically Adjusted FCF per Share Related Terms

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


Konica Minolta (FRA:KPI1) Business Description

Traded in Other Exchanges
Address
JP Tower, 2-7-2 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-7015
Konica Minolta is a Japanese equipment and material manufacturer that operates globally, generating most of its revenue in Europe, North America and Japan. The company is divided into the office, professional print, healthcare, and the industrial segments. The office business (which includes office tools such as printers as well as IT solutions) is the biggest contributor to revenue, followed by the professional print business (which includes commercial and industrial print systems). The industrial business focuses on development, manufacture, and sales of performance materials and optical systems for industrial use. The healthcare segment provides X-ray diagnostics systems, ultrasound diagnostics tools, and medical IT services.

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