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NAVER (NHNCF) Cyclically Adjusted FCF per Share : $3.31 (As of Mar. 2024)


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What is NAVER 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.

NAVER's adjusted free cash flow per share for the three months ended in Mar. 2024 was $2.667. 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 $3.31 for the trailing ten years ended in Mar. 2024.

During the past 12 months, NAVER's average Cyclically Adjusted FCF Growth Rate was 25.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.80% 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 NAVER was 12.00% per year. The lowest was 3.80% per year. And the median was 6.20% per year.

As of today (2024-06-10), NAVER's current stock price is $115.00. NAVER's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.31. NAVER's Cyclically Adjusted Price-to-FCF of today is 34.74.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of NAVER was 125.08. The lowest was 31.59. And the median was 49.48.


NAVER Cyclically Adjusted FCF per Share Historical Data

The historical data trend for NAVER'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.

NAVER Cyclically Adjusted FCF per Share Chart

NAVER Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.79 2.63

NAVER 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 2.44 2.79 2.73 2.63 3.31

Competitive Comparison of NAVER's Cyclically Adjusted FCF per Share

For the Internet Content & Information subindustry, NAVER'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.


NAVER's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NAVER's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



NAVER 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, NAVER'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)
=2.667/118.8477*118.8477
=2.667

Current CPI (Mar. 2024) = 118.8477.

NAVER Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.265 99.353 1.513
201409 0.111 99.608 0.132
201412 2.011 99.098 2.412
201503 -0.005 99.720 -0.006
201506 1.457 100.050 1.731
201509 0.955 100.110 1.134
201512 1.804 100.220 2.139
201603 0.990 100.560 1.170
201606 1.437 100.790 1.694
201609 1.340 101.460 1.570
201612 1.956 101.560 2.289
201703 0.249 102.850 0.288
201706 0.521 102.610 0.603
201709 1.114 103.490 1.279
201712 0.782 102.990 0.902
201803 0.220 104.100 0.251
201806 -0.081 104.130 -0.092
201809 0.162 105.650 0.182
201812 0.925 104.350 1.054
201903 0.778 104.490 0.885
201906 0.145 104.880 0.164
201909 1.295 105.200 1.463
201912 2.737 105.120 3.094
202003 0.521 105.540 0.587
202006 0.161 104.870 0.182
202009 0.952 106.200 1.065
202012 1.811 105.765 2.035
202103 -0.500 107.357 -0.554
202106 0.593 107.579 0.655
202109 0.766 108.759 0.837
202112 1.711 109.676 1.854
202203 0.834 111.806 0.887
202206 1.101 114.083 1.147
202209 0.013 114.831 0.013
202212 1.635 115.200 1.687
202303 1.303 116.550 1.329
202306 0.870 117.140 0.883
202309 1.812 119.111 1.808
202312 2.390 118.848 2.390
202403 2.667 118.848 2.667

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


NAVER  (OTCPK:NHNCF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=115.00/3.31
=34.74

* 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 NAVER was 125.08. The lowest was 31.59. And the median was 49.48.


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.


NAVER Cyclically Adjusted FCF per Share Related Terms

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


NAVER (NHNCF) Business Description

Traded in Other Exchanges
Address
6, Buljeong-ro, Seongnam, Gyeonggi, Bundang-gu, KOR
Naver has been the leading search portal in South Korea for many years. The company has also been evolving into an internet platform providing a variety of internet services, such as news, dictionary, maps, digital comic content, social networking, e-commerce, videos, fintech services based on online payments, and Cloud services. Naver was also the incubator of Line, the leading mobile messaging app in Japan, Taiwan, Thailand, and Indonesia, which merged with Z Holdings (Yahoo Japan), with Naver now owning 32.5% of the merged entity. Snow, the Snapchat-like mobile app launched in 2015, has also been well received in South Korea, Japan, and other Asian countries.