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ORIX (IX) Cyclically Adjusted FCF per Share : $-6.13 (As of Mar. 2024)


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What is ORIX 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.

ORIX's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.913. 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 $-6.13 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 7.50% 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 ORIX was 12.30% per year. The lowest was 1.40% per year. And the median was 6.50% per year.

As of today (2024-06-11), ORIX's current stock price is $110.65. ORIX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $-6.13. ORIX's Cyclically Adjusted Price-to-FCF of today is .


ORIX Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ORIX'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.

ORIX Cyclically Adjusted FCF per Share Chart

ORIX 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 -14.49 -11.86 -9.26 -8.24 -6.13

ORIX 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 -8.24 -7.55 -7.06 -6.87 -6.13

Competitive Comparison of ORIX's Cyclically Adjusted FCF per Share

For the Financial Conglomerates subindustry, ORIX'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.


ORIX's Cyclically Adjusted Price-to-FCF Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ORIX's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ORIX 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, ORIX'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)
=1.913/107.2000*107.2000
=1.913

Current CPI (Mar. 2024) = 107.2000.

ORIX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -6.450 98.000 -7.056
201409 -6.184 98.500 -6.730
201412 -5.317 97.900 -5.822
201503 -6.910 97.900 -7.566
201506 -6.696 98.400 -7.295
201509 -2.513 98.500 -2.735
201512 -3.418 98.100 -3.735
201603 -5.638 97.900 -6.174
201606 -3.142 98.100 -3.433
201609 -1.196 98.000 -1.308
201612 -4.288 98.400 -4.671
201703 -5.324 98.100 -5.818
201706 -6.439 98.500 -7.008
201709 -5.550 98.800 -6.022
201712 -3.639 99.400 -3.925
201803 -1.327 99.200 -1.434
201806 -4.452 99.200 -4.811
201809 -5.737 99.900 -6.156
201812 -4.810 99.700 -5.172
201903 -1.545 99.700 -1.661
201906 -1.634 99.800 -1.755
201909 4.339 100.100 4.647
201912 -4.027 100.500 -4.295
202003 3.219 100.300 3.440
202006 0.754 99.900 0.809
202009 6.073 99.900 6.517
202012 1.846 99.300 1.993
202103 4.301 99.900 4.615
202106 1.326 99.500 1.429
202109 4.441 100.100 4.756
202112 -2.103 100.100 -2.252
202203 3.164 101.100 3.355
202206 -7.982 101.800 -8.405
202209 1.179 103.100 1.226
202212 0.563 104.100 0.580
202303 0.965 104.400 0.991
202306 -3.758 105.200 -3.829
202309 1.675 106.200 1.691
202312 1.271 106.800 1.276
202403 1.913 107.200 1.913

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


ORIX  (NYSE:IX) 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.


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.


ORIX Cyclically Adjusted FCF per Share Related Terms

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


ORIX (IX) Business Description

Traded in Other Exchanges
Address
2-4-1 Hamamatsu-cho, World Trade Center Building, South Tower, Minato-ku, Tokyo, JPN, 105-5135
ORIX Corp is a diversified financial services company with operations in Corporate Financial Services, Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, Asia and Australia and engages in various other fee businesses by providing products and services aligned with customer needs to its core customer base of domestic small and medium-sized enterprises. Orix's numerous divisions finance leases of large-ticket items like ships, airplanes, and technology equipment.

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