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Yamato Kogyo Co (TSE:5444) Cyclically Adjusted FCF per Share : 円401.20 (As of Mar. 2024)


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What is Yamato Kogyo 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.

Yamato Kogyo Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円124.292. 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401.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Yamato Kogyo Co's average Cyclically Adjusted FCF Growth Rate was 34.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 22.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.80% 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 Yamato Kogyo Co was 22.90% per year. The lowest was 5.30% per year. And the median was 10.90% per year.

As of today (2024-06-09), Yamato Kogyo Co's current stock price is 円8046.00. Yamato Kogyo Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円401.20. Yamato Kogyo Co's Cyclically Adjusted Price-to-FCF of today is 20.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Yamato Kogyo Co was 22.50. The lowest was 9.61. And the median was 16.47.


Yamato Kogyo Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Yamato Kogyo 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.

Yamato Kogyo Co Cyclically Adjusted FCF per Share Chart

Yamato Kogyo Co 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 191.19 216.21 224.51 298.58 401.20

Yamato Kogyo Co 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 298.58 370.77 382.74 393.35 401.20

Competitive Comparison of Yamato Kogyo Co's Cyclically Adjusted FCF per Share

For the Steel subindustry, Yamato Kogyo 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.


Yamato Kogyo Co's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Yamato Kogyo Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Yamato Kogyo 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, Yamato Kogyo Co'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)
=124.292/107.2000*107.2000
=124.292

Current CPI (Mar. 2024) = 107.2000.

Yamato Kogyo Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 108.260 98.000 118.423
201409 41.119 98.500 44.751
201412 -6.724 97.900 -7.363
201503 132.329 97.900 144.900
201506 79.260 98.400 86.348
201509 134.165 98.500 146.015
201512 68.563 98.100 74.923
201603 151.507 97.900 165.899
201606 104.312 98.100 113.988
201609 47.229 98.000 51.663
201612 -17.537 98.400 -19.105
201703 83.283 98.100 91.009
201706 26.658 98.500 29.013
201709 84.816 98.800 92.027
201712 -30.051 99.400 -32.409
201803 -8.457 99.200 -9.139
201806 20.184 99.200 21.812
201809 89.002 99.900 95.506
201812 53.419 99.700 57.437
201903 57.053 99.700 61.345
201906 50.549 99.800 54.297
201909 96.494 100.100 103.338
201912 -49.996 100.500 -53.329
202003 138.767 100.300 148.313
202006 143.530 99.900 154.018
202009 84.270 99.900 90.428
202012 78.993 99.300 85.277
202103 22.791 99.900 24.456
202106 101.588 99.500 109.450
202109 -69.978 100.100 -74.941
202112 2.954 100.100 3.164
202203 80.051 101.100 84.881
202206 381.051 101.800 401.264
202209 119.532 103.100 124.285
202212 98.919 104.100 101.865
202303 146.871 104.400 150.810
202306 708.008 105.200 721.468
202309 195.504 106.200 197.345
202312 133.757 106.800 134.258
202403 124.292 107.200 124.292

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


Yamato Kogyo Co  (TSE:5444) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=8046.00/401.2
=20.05

* 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 Yamato Kogyo Co was 22.50. The lowest was 9.61. And the median was 16.47.


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.


Yamato Kogyo Co Cyclically Adjusted FCF per Share Related Terms

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


Yamato Kogyo Co (TSE:5444) Business Description

Industry
Traded in Other Exchanges
N/A
Address
380 Kibi,Otsu?ku, Himeji, Hyogo, JPN, 671-1192
Yamato Kogyo Co., Ltd. is a Japan-based investment holding company. The company is engaged in production and distribution of steel products, heavy-duty processing goods, railway track accessories, and other businesses, through a number of subsidiaries both at home and abroad. Steel products represent the majority of the company's revenue. Japan, South Korea, and Thailand are the three major markets for Yamato Kogyo. In Japan, the company primarily operates through its wholly owned Yamato Steel and Yamato Trackwork System. In the overseas market (primarily South Korea and Thailand), the company primarily operates through YK Steel Corporation and Siam Yamato Steel.

Yamato Kogyo Co (TSE:5444) Headlines

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