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Nidec (TSE:6594) Cyclically Adjusted FCF per Share : 円104.01 (As of Mar. 2024)


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What is Nidec 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.

Nidec's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円149.015. 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104.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nidec's average Cyclically Adjusted FCF Growth Rate was 34.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% 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 Nidec was 15.00% per year. The lowest was -0.20% per year. And the median was 4.80% per year.

As of today (2024-05-18), Nidec's current stock price is 円7327.00. Nidec's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円104.01. Nidec's Cyclically Adjusted Price-to-FCF of today is 70.45.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nidec was 174.98. The lowest was 32.70. And the median was 82.55.


Nidec Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Nidec'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.

Nidec Cyclically Adjusted FCF per Share Chart

Nidec 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 75.95 91.07 85.89 77.46 104.01

Nidec 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 77.46 85.37 87.97 91.40 104.01

Competitive Comparison of Nidec's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, Nidec'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.


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

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

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



Nidec 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, Nidec'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)
=149.015/107.2000*107.2000
=149.015

Current CPI (Mar. 2024) = 107.2000.

Nidec Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 14.633 98.000 16.007
201409 14.336 98.500 15.602
201412 -3.393 97.900 -3.715
201503 31.303 97.900 34.277
201506 35.257 98.400 38.410
201509 1.525 98.500 1.660
201512 41.592 98.100 45.450
201603 32.261 97.900 35.326
201606 35.258 98.100 38.529
201609 76.020 98.000 83.157
201612 -17.733 98.400 -19.319
201703 3.624 98.100 3.960
201706 39.419 98.500 42.901
201709 12.730 98.800 13.812
201712 54.647 99.400 58.935
201803 20.174 99.200 21.801
201806 17.297 99.200 18.692
201809 35.432 99.900 38.021
201812 10.021 99.700 10.775
201903 0.207 99.700 0.223
201906 -14.727 99.800 -15.819
201909 9.017 100.100 9.657
201912 39.802 100.500 42.455
202003 7.566 100.300 8.086
202006 -12.046 99.900 -12.926
202009 49.190 99.900 52.784
202012 82.536 99.300 89.102
202103 83.855 99.900 89.983
202106 -3.987 99.500 -4.296
202109 -17.315 100.100 -18.543
202112 -11.652 100.100 -12.478
202203 -1.629 101.100 -1.727
202206 -29.917 101.800 -31.504
202209 -3.718 103.100 -3.866
202212 15.351 104.100 15.808
202303 0.612 104.400 0.628
202306 86.277 105.200 87.917
202309 53.068 106.200 53.568
202312 47.607 106.800 47.785
202403 149.015 107.200 149.015

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


Nidec  (TSE:6594) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7327.00/104.01
=70.45

* 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 Nidec was 174.98. The lowest was 32.70. And the median was 82.55.


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.


Nidec Cyclically Adjusted FCF per Share Related Terms

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


Nidec (TSE:6594) Business Description

Industry
Address
338 Kuzetonoshiro-cho, Minami-ku, Kyoto, JPN, 601-8205
Nidec is a global leader of brushless DC motors. Brushless DC motors have advantages over other types of motors in power efficiency, silence, and durability. Nidec possesses the number-one market share in a wide variety of products, such as hard disk drive motors, optical disk drive motors, vibration motors on handsets, brushless motors for inverter air conditioners, and brushless motors for electric power steering on automobiles. It continues to benefit from the growing demand for power-efficient motors, driven by strengthening environmental regulations. Nidec sets an ambitious target to increase its revenue to JPY 3 trillion in fiscal 2025 from JPY 1.9 trillion in fiscal 2021.

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