GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Subaru Corp (TSE:7270) » Definitions » Cyclically Adjusted FCF per Share

Subaru (TSE:7270) Cyclically Adjusted FCF per Share : 円359.06 (As of Mar. 2024)


View and export this data going back to 1966. Start your Free Trial

What is Subaru 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.

Subaru's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円286.512. 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359.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Subaru's average Cyclically Adjusted FCF Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.40% 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 Subaru was 7.10% per year. The lowest was -3.90% per year. And the median was 0.60% per year.

As of today (2024-05-17), Subaru's current stock price is 円3220.00. Subaru's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円359.06. Subaru's Cyclically Adjusted Price-to-FCF of today is 8.97.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Subaru was 19.01. The lowest was 5.85. And the median was 8.48.


Subaru Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Subaru'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.

Subaru Cyclically Adjusted FCF per Share Chart

Subaru 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 293.37 292.65 296.97 332.90 359.06

Subaru 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 332.90 335.81 333.28 342.26 359.06

Competitive Comparison of Subaru's Cyclically Adjusted FCF per Share

For the Auto Manufacturers subindustry, Subaru'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.


Subaru's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Subaru's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Subaru 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, Subaru'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)
=286.512/107.2000*107.2000
=286.512

Current CPI (Mar. 2024) = 107.2000.

Subaru Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.406 98.000 0.444
201409 172.245 98.500 187.459
201412 54.537 97.900 59.718
201503 172.028 97.900 188.370
201506 140.622 98.400 153.198
201509 221.840 98.500 241.434
201512 194.060 98.100 212.061
201603 230.601 97.900 252.507
201606 79.514 98.100 86.890
201609 176.459 98.000 193.025
201612 23.483 98.400 25.583
201703 168.193 98.100 183.795
201706 183.987 98.500 200.238
201709 87.076 98.800 94.479
201712 61.027 99.400 65.816
201803 145.666 99.200 157.413
201806 6.742 99.200 7.286
201809 2.958 99.900 3.174
201812 32.560 99.700 35.009
201903 55.268 99.700 59.426
201906 115.897 99.800 124.491
201909 -155.615 100.100 -166.653
201912 -3.417 100.500 -3.645
202003 38.009 100.300 40.624
202006 -165.428 99.900 -177.516
202009 137.755 99.900 147.821
202012 87.781 99.300 94.765
202103 66.178 99.900 71.014
202106 -51.710 99.500 -55.712
202109 9.057 100.100 9.699
202112 -24.283 100.100 -26.005
202203 79.195 101.100 83.973
202206 104.810 101.800 110.370
202209 49.019 103.100 50.968
202212 88.548 104.100 91.185
202303 160.349 104.400 164.650
202306 105.007 105.200 107.003
202309 66.460 106.200 67.086
202312 162.023 106.800 162.630
202403 286.512 107.200 286.512

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


Subaru  (TSE:7270) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3220.00/359.06
=8.97

* 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 Subaru was 19.01. The lowest was 5.85. And the median was 8.48.


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.


Subaru Cyclically Adjusted FCF per Share Related Terms

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


Subaru (TSE:7270) Business Description

Industry
Traded in Other Exchanges
Address
Ebisu Subaru Building, 1-20-8, Ebisu, Shibuya-ku, Tokyo, JPN, 150-8554
Subaru Corp is a Japan-based company engaged in the automobile manufacturing business. The company is split into three segments: Automotive Business Unit, Aerospace Company, and Other Businesses. The Automotive Business, which constitutes the vast majority of the company's revenue, manufactures, repairs, and sells passenger cars and their components under the Subaru brand. The Aerospace Company includes airplanes and aerospace-related machinery and components. The Other Businesses segment consists of Industrial product, and real estate lease, among others. A vast majority of the sales is derived from North America.

Subaru (TSE:7270) Headlines

No Headlines