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Makita (Makita) Cyclically Adjusted FCF per Share : $1.16 (As of Mar. 2024)


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What is Makita 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.

Makita's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.150. 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 $1.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Makita's average Cyclically Adjusted FCF Growth Rate was 82.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 2.50% 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 Makita was 11.00% per year. The lowest was -7.90% per year. And the median was 2.80% per year.

As of today (2024-06-04), Makita's current stock price is $29.045. Makita's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.16. Makita's Cyclically Adjusted Price-to-FCF of today is 25.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Makita was 57.41. The lowest was 23.75. And the median was 35.10.


Makita Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Makita'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.

Makita Cyclically Adjusted FCF per Share Chart

Makita 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 1.02 1.16 0.71 0.72 1.16

Makita 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 0.72 0.81 0.88 1.12 1.16

Competitive Comparison of Makita's Cyclically Adjusted FCF per Share

For the Tools & Accessories subindustry, Makita'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.


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

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

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



Makita 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, Makita'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)
=1.15/107.2000*107.2000
=1.150

Current CPI (Mar. 2024) = 107.2000.

Makita Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.058 98.000 0.063
201409 0.495 98.500 0.539
201412 0.267 97.900 0.292
201503 -0.028 97.900 -0.031
201506 -0.011 98.400 -0.012
201509 0.134 98.500 0.146
201512 0.390 98.100 0.426
201603 0.182 97.900 0.199
201606 0.278 98.100 0.304
201609 0.602 98.000 0.659
201612 0.520 98.400 0.567
201703 0.299 98.100 0.327
201706 0.109 98.500 0.119
201709 0.347 98.800 0.377
201712 0.465 99.400 0.501
201803 0.216 99.200 0.233
201806 0.063 99.200 0.068
201809 0.094 99.900 0.101
201812 0.333 99.700 0.358
201903 0.273 99.700 0.294
201906 0.133 99.800 0.143
201909 0.694 100.100 0.743
201912 0.699 100.500 0.746
202003 0.426 100.300 0.455
202006 0.449 99.900 0.482
202009 1.208 99.900 1.296
202012 0.682 99.300 0.736
202103 -0.082 99.900 -0.088
202106 -0.626 99.500 -0.674
202109 -0.369 100.100 -0.395
202112 -0.881 100.100 -0.943
202203 -1.450 101.100 -1.537
202206 0.321 101.800 0.338
202209 -0.564 103.100 -0.586
202212 0.258 104.100 0.266
202303 1.246 104.400 1.279
202306 1.365 105.200 1.391
202309 1.607 106.200 1.622
202312 1.925 106.800 1.932
202403 1.150 107.200 1.150

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


Makita  (OTCPK:MKTAY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=29.045/1.16
=25.04

* 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 Makita was 57.41. The lowest was 23.75. And the median was 35.10.


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.


Makita Cyclically Adjusted FCF per Share Related Terms

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


Makita (Makita) Business Description

Industry
Traded in Other Exchanges
Address
3-11-8, Sumiyoshi-cho, Aichi Prefecture, Anjo, JPN, 446-8502
Makita manufactures and sells professional-grade power tools, outdoor power equipment, and other tools, such as lithium-ion battery-powered drills, impact drivers, lawn mowers, chainsaws, and hedge trimmers. The company was founded in 1915 as an electric motor sales and repair company in Nagoya, Japan, and later became a power tools manufacturer, since marketing its first portable electrical planer in Japan in 1958. While the company has local production bases in key regions globally, above 60% of its product volume is manufactured in China. Its headquarters is currently in Anjo, Japan.

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