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Sharp (TSE:6753) Cyclically Adjusted FCF per Share : 円-39.67 (As of Mar. 2024)


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What is Sharp 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.

Sharp's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円66.835. 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-39.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sharp's average Cyclically Adjusted FCF Growth Rate was -210.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 28.80% 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 Sharp was 39.90% per year. The lowest was -8.80% per year. And the median was 25.90% per year.

As of today (2024-05-17), Sharp's current stock price is 円823.40. Sharp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円-39.67. Sharp's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sharp was 30.84. The lowest was 10.95. And the median was 13.91.


Sharp Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sharp'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.

Sharp Cyclically Adjusted FCF per Share Chart

Sharp 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 -166.97 -110.07 -98.34 35.98 -39.67

Sharp 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 35.98 67.22 83.11 67.88 -39.67

Competitive Comparison of Sharp's Cyclically Adjusted FCF per Share

For the Consumer Electronics subindustry, Sharp'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.


Sharp's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sharp's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Sharp 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, Sharp'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)
=66.835/107.2000*107.2000
=66.835

Current CPI (Mar. 2024) = 107.2000.

Sharp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -83.856 98.000 -91.728
201409 155.071 98.500 168.768
201412 -318.754 97.900 -349.034
201503 56.082 97.900 61.410
201506 -388.787 98.400 -423.557
201509 -95.320 98.500 -103.739
201512 412.845 98.100 451.142
201603 -314.560 97.900 -344.442
201606 -19.122 98.100 -20.896
201609 21.942 98.000 24.002
201612 9.812 98.400 10.689
201703 62.766 98.100 68.588
201706 -28.488 98.500 -31.004
201709 -20.151 98.800 -21.864
201712 -22.718 99.400 -24.501
201803 52.764 99.200 57.019
201806 -139.978 99.200 -151.267
201809 -34.465 99.900 -36.983
201812 20.261 99.700 21.785
201903 49.737 99.700 53.478
201906 -52.802 99.800 -56.717
201909 13.320 100.100 14.265
201912 -15.864 100.500 -16.922
202003 13.800 100.300 14.749
202006 -44.735 99.900 -48.004
202009 31.587 99.900 33.895
202012 106.640 99.300 115.124
202103 157.417 99.900 168.920
202106 -22.397 99.500 -24.130
202109 18.322 100.100 19.622
202112 -46.732 100.100 -50.047
202203 70.587 101.100 74.846
202206 -53.632 101.800 -56.477
202209 -38.357 103.100 -39.882
202212 0.570 104.100 0.587
202303 23.936 104.400 24.578
202306 -2.706 105.200 -2.757
202309 33.097 106.200 33.409
202312 13.539 106.800 13.590
202403 66.835 107.200 66.835

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


Sharp  (TSE:6753) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sharp was 30.84. The lowest was 10.95. And the median was 13.91.


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.


Sharp Cyclically Adjusted FCF per Share Related Terms

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


Sharp (TSE:6753) Business Description

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Address
1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, JPN, 590-8522
Sharp Corp is a Japan-based company that is principally engaged in producing and selling a broad range of consumer and industrial electronic products. The company's business segments consist of the consumer electronics segment, the energy solutions segment, the business solutions segment, the electronic components and devices segment, and the display devices segment. The company generates over half of its revenue from the consumer electronics segment and the display devices segment. It has a global business presence, with China, Japan, the Americas, and Europe its four largest markets.

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