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Toyota Motor (FRA:TOMA) Cyclically Adjusted FCF per Share : €-1.26 (As of Mar. 2024)


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What is Toyota Motor 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.

Toyota Motor's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.470. 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 €-1.26 for the trailing ten years ended in Mar. 2024.

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 Toyota Motor was 36.40% per year. The lowest was -63.20% per year. And the median was 4.90% per year.

As of today (2024-05-23), Toyota Motor's current stock price is €202.00. Toyota Motor's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-1.26. Toyota Motor's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Toyota Motor was 2970.59. The lowest was 43.90. And the median was 72.88.


Toyota Motor Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Toyota Motor'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.

Toyota Motor Cyclically Adjusted FCF per Share Chart

Toyota Motor 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 0.94 0.12 0.10 -0.50 -1.26

Toyota Motor 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 -0.50 -0.56 -0.78 -1.17 -1.26

Competitive Comparison of Toyota Motor's Cyclically Adjusted FCF per Share

For the Auto Manufacturers subindustry, Toyota Motor'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.


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

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

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



Toyota Motor 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, Toyota Motor'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)
=-0.47/107.2000*107.2000
=-0.470

Current CPI (Mar. 2024) = 107.2000.

Toyota Motor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.361 98.000 0.395
201409 0.066 98.500 0.072
201412 -0.556 97.900 -0.609
201503 1.774 97.900 1.943
201506 0.301 98.400 0.328
201509 -0.758 98.500 -0.825
201512 0.547 98.100 0.598
201603 1.967 97.900 2.154
201606 1.195 98.100 1.306
201609 -2.486 98.000 -2.719
201612 -1.244 98.400 -1.355
201703 2.604 98.100 2.846
201706 1.016 98.500 1.106
201709 0.353 98.800 0.383
201712 0.122 99.400 0.132
201803 1.745 99.200 1.886
201806 -1.072 99.200 -1.158
201809 0.563 99.900 0.604
201812 0.591 99.700 0.635
201903 0.069 99.700 0.074
201906 -2.165 99.800 -2.326
201909 -0.249 100.100 -0.267
201912 -2.777 100.500 -2.962
202003 -2.674 100.300 -2.858
202006 -0.866 99.900 -0.929
202009 -1.544 99.900 -1.657
202012 -2.771 99.300 -2.991
202103 -0.676 99.900 -0.725
202106 -0.971 99.500 -1.046
202109 -0.410 100.100 -0.439
202112 -0.184 100.100 -0.197
202203 0.994 101.100 1.054
202206 -0.722 101.800 -0.760
202209 -0.134 103.100 -0.139
202212 -3.917 104.100 -4.034
202303 0.919 104.400 0.944
202306 0.884 105.200 0.901
202309 -0.936 106.200 -0.945
202312 -3.410 106.800 -3.423
202403 -0.470 107.200 -0.470

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


Toyota Motor  (FRA:TOMA) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Toyota Motor was 2970.59. The lowest was 43.90. And the median was 72.88.


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.


Toyota Motor Cyclically Adjusted FCF per Share Related Terms

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


Toyota Motor (FRA:TOMA) Business Description

Address
1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers with 10.56 million units sold at retail in fiscal 2023 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.

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