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Exedy Co (TSE:7278) Cyclically Adjusted FCF per Share : 円298.53 (As of Mar. 2024)


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What is Exedy 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.

Exedy Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円260.295. 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298.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Exedy Co's average Cyclically Adjusted FCF Growth Rate was 23.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.70% 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 Exedy Co was 14.70% per year. The lowest was -3.30% per year. And the median was 9.00% per year.

As of today (2024-06-10), Exedy Co's current stock price is 円2618.00. Exedy Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円298.53. Exedy Co's Cyclically Adjusted Price-to-FCF of today is 8.77.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Exedy Co was 18.64. The lowest was 6.58. And the median was 9.58.


Exedy Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Exedy 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.

Exedy Co Cyclically Adjusted FCF per Share Chart

Exedy 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 172.16 197.77 218.74 241.33 298.53

Exedy 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 241.33 252.58 266.24 270.01 298.53

Competitive Comparison of Exedy Co's Cyclically Adjusted FCF per Share

For the Auto Parts subindustry, Exedy 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.


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

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

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



Exedy 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, Exedy 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)
=260.295/107.2000*107.2000
=260.295

Current CPI (Mar. 2024) = 107.2000.

Exedy Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.000 0.000
201409 0.000 98.500 0.000
201412 0.000 97.900 0.000
201503 0.000 97.900 0.000
201506 0.000 98.400 0.000
201509 0.000 98.500 0.000
201512 0.000 98.100 0.000
201603 0.000 97.900 0.000
201606 0.000 98.100 0.000
201609 0.000 98.000 0.000
201612 0.000 98.400 0.000
201703 0.000 98.100 0.000
201706 50.438 98.500 54.893
201709 62.127 98.800 67.409
201712 79.561 99.400 85.804
201803 39.165 99.200 42.323
201806 19.810 99.200 21.408
201809 7.149 99.900 7.671
201812 3.802 99.700 4.088
201903 42.978 99.700 46.211
201906 21.832 99.800 23.451
201909 98.021 100.100 104.974
201912 35.592 100.500 37.965
202003 49.440 100.300 52.841
202006 26.958 99.900 28.928
202009 40.598 99.900 43.565
202012 5.096 99.300 5.501
202103 206.758 99.900 221.866
202106 122.953 99.500 132.468
202109 69.861 100.100 74.816
202112 -10.229 100.100 -10.955
202203 107.927 101.100 114.439
202206 145.499 101.800 153.217
202209 -6.433 103.100 -6.689
202212 38.060 104.100 39.193
202303 137.706 104.400 141.399
202306 119.606 105.200 121.880
202309 136.919 106.200 138.208
202312 82.233 106.800 82.541
202403 260.295 107.200 260.295

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


Exedy Co  (TSE:7278) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2618.00/298.53
=8.77

* 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 Exedy Co was 18.64. The lowest was 6.58. And the median was 9.58.


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.


Exedy Co Cyclically Adjusted FCF per Share Related Terms

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


Exedy Co (TSE:7278) Business Description

Industry
Traded in Other Exchanges
Address
1-1-1 Kitamotomiya, Neyagawa, Osaka, JPN, 572-8570
Exedy Co Ltd is a producer of clutches used in automotive vehicles. The list of products includes clutches, clutch covers, clutch discs, torque converters, and flywheels for automatic transmission vehicles and manual transmission vehicles as well as motorcycle clutches and construction, industrial, and agriculture products. Automatic automotive drivetrain operations generate most sales for the company. The largest end markets for Exedy are Japan and Asia-Oceania.

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