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Park24 Co (TSE:4666) Cyclically Adjusted FCF per Share : 円95.04 (As of Jan. 2024)


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What is Park24 Co 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.

Park24 Co's adjusted free cash flow per share for the three months ended in Jan. 2024 was 円6.989. 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 円95.04 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Park24 Co's average Cyclically Adjusted FCF Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.90% 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 Park24 Co was 6.10% per year. The lowest was 2.90% per year. And the median was 5.50% per year.

As of today (2024-06-06), Park24 Co's current stock price is 円1624.50. Park24 Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was 円95.04. Park24 Co's Cyclically Adjusted Price-to-FCF of today is 17.09.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Park24 Co was 42.56. The lowest was 16.70. And the median was 23.95.


Park24 Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Park24 Co'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.

Park24 Co Cyclically Adjusted FCF per Share Chart

Park24 Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.93 80.48 89.88 90.24 96.14

Park24 Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 92.08 95.78 94.59 96.14 95.04

Competitive Comparison of Park24 Co's Cyclically Adjusted FCF per Share

For the Infrastructure Operations subindustry, Park24 Co'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.


Park24 Co's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Park24 Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Park24 Co's Cyclically Adjusted Price-to-FCF falls into.



Park24 Co 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, Park24 Co's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=6.989/106.9000*106.9000
=6.989

Current CPI (Jan. 2024) = 106.9000.

Park24 Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 33.798 97.700 36.981
201407 8.446 98.100 9.204
201410 44.231 98.200 48.150
201501 24.311 97.800 26.573
201504 22.071 98.400 23.978
201507 -1.194 98.300 -1.298
201510 46.280 98.500 50.227
201601 18.125 97.700 19.832
201604 41.509 98.100 45.233
201607 7.532 97.900 8.224
201610 43.914 98.600 47.611
201701 14.710 98.200 16.013
201704 23.678 98.500 25.697
201707 -10.769 98.300 -11.711
201710 28.140 98.800 30.447
201801 35.320 99.500 37.947
201804 51.732 99.100 55.804
201807 -14.615 99.200 -15.749
201810 18.248 100.200 19.468
201901 9.030 99.700 9.682
201904 1.671 100.000 1.786
201907 -59.677 99.800 -63.923
201910 55.637 100.400 59.239
202001 40.897 100.500 43.501
202004 25.594 100.200 27.305
202007 -42.573 100.000 -45.511
202010 101.387 99.800 108.600
202101 33.653 99.800 36.047
202104 23.855 99.100 25.733
202107 28.093 99.700 30.122
202110 45.340 99.900 48.517
202201 -46.247 100.300 -49.290
202204 33.040 101.500 34.798
202207 32.790 102.300 34.264
202210 53.680 103.700 55.336
202301 8.109 104.700 8.279
202304 67.034 105.100 68.182
202307 -8.190 105.700 -8.283
202310 46.471 107.100 46.384
202401 6.989 106.900 6.989

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


Park24 Co  (TSE:4666) 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.

Park24 Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1624.50/95.04
=17.09

* 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 Park24 Co was 42.56. The lowest was 16.70. And the median was 23.95.


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.


Park24 Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Park24 Co's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Park24 Co (TSE:4666) Business Description

Industry
Traded in Other Exchanges
Address
2-20-4 Nishigotanda, Shinagawa-ku, Tokyo, JPN, 141-8924
Park24 Co Ltd is a Japanese operator of parking facilities. The company is organised into two segments: parking business Japan, Parking Business International and mobility business. The parking business, which contributes the majority of revenue, operates fully-automated parking facilities and related services. The Parking business in international segment provides Parking facility management in overseas. The mobility business car rental services through the Times Car RENTAL brand, car sharing services through the Times Car PLUS brand, and related services. While Park 24 operates in Japan, Taiwan, and South Korea, the company earns the majority of revenue domestically.

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