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Daikin Industries (TSE:6367) Cyclically Adjusted FCF per Share : 円529.85 (As of Mar. 2024)


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What is Daikin Industries 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.

Daikin Industries's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円170.662. 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529.85 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Daikin Industries's average Cyclically Adjusted FCF Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% 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 Daikin Industries was 12.80% per year. The lowest was 4.20% per year. And the median was 9.25% per year.

As of today (2024-05-15), Daikin Industries's current stock price is 円24770.00. Daikin Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円529.85. Daikin Industries's Cyclically Adjusted Price-to-FCF of today is 46.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Daikin Industries was 60.25. The lowest was 24.63. And the median was 39.23.


Daikin Industries Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Daikin Industries'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.

Daikin Industries Cyclically Adjusted FCF per Share Chart

Daikin Industries 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 397.27 468.45 518.43 510.99 529.85

Daikin Industries 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 510.99 497.18 510.12 516.05 529.85

Competitive Comparison of Daikin Industries's Cyclically Adjusted FCF per Share

For the Building Products & Equipment subindustry, Daikin Industries'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.


Daikin Industries's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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



Daikin Industries 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, Daikin Industries'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)
=170.662/107.2000*107.2000
=170.662

Current CPI (Mar. 2024) = 107.2000.

Daikin Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -20.883 98.000 -22.843
201409 196.628 98.500 213.995
201412 56.714 97.900 62.102
201503 71.166 97.900 77.926
201506 21.113 98.400 23.001
201509 312.304 98.500 339.888
201512 81.584 98.100 89.152
201603 28.201 97.900 30.880
201606 140.772 98.100 153.830
201609 293.883 98.000 321.472
201612 92.670 98.400 100.958
201703 85.970 98.100 93.945
201706 35.736 98.500 38.892
201709 311.723 98.800 338.226
201712 91.931 99.400 99.145
201803 32.423 99.200 35.038
201806 132.141 99.200 142.798
201809 337.056 99.900 361.686
201812 57.787 99.700 62.134
201903 35.152 99.700 37.796
201906 142.652 99.800 153.229
201909 318.276 100.100 340.851
201912 155.689 100.500 166.068
202003 80.491 100.300 86.028
202006 114.911 99.900 123.308
202009 447.711 99.900 480.427
202012 214.969 99.300 232.071
202103 143.617 99.900 154.112
202106 114.458 99.500 123.316
202109 344.494 100.100 368.929
202112 3.210 100.100 3.438
202203 -14.923 101.100 -15.823
202206 51.854 101.800 54.605
202209 95.169 103.100 98.954
202212 -125.177 104.100 -128.905
202303 -77.083 104.400 -79.150
202306 -124.950 105.200 -127.325
202309 334.766 106.200 337.918
202312 155.223 106.800 155.804
202403 170.662 107.200 170.662

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


Daikin Industries  (TSE:6367) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=24770.00/529.85
=46.75

* 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 Daikin Industries was 60.25. The lowest was 24.63. And the median was 39.23.


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.


Daikin Industries Cyclically Adjusted FCF per Share Related Terms

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


Daikin Industries (TSE:6367) Business Description

Industry
Address
Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, JPN, 530-8323
Daikin Industries is one of the world's largest heating, ventilating and air conditioning, or HVAC, companies. North America, Japan, China, and Europe are Daikin's four biggest markets, accounting for 24.1%, 23.7%, 16.7%, and 14.5% of fiscal 2018 revenue, respectively. Air conditioning accounted for around 90% of revenue and operating profit, while chemicals and others made up the balance.

Daikin Industries (TSE:6367) Headlines

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