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Okamura (TSE:7994) Cyclically Adjusted FCF per Share : 円52.89 (As of Mar. 2024)


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What is Okamura 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.

Okamura's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円12.214. 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52.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Okamura's average Cyclically Adjusted FCF Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.40% 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 Okamura was 11.20% per year. The lowest was -0.50% per year. And the median was 7.95% per year.

As of today (2024-05-16), Okamura's current stock price is 円2289.00. Okamura's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円52.89. Okamura's Cyclically Adjusted Price-to-FCF of today is 43.28.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Okamura was 48.92. The lowest was 16.64. And the median was 29.01.


Okamura Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Okamura'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.

Okamura Cyclically Adjusted FCF per Share Chart

Okamura 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 41.05 53.63 49.48 49.62 52.89

Okamura 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 49.62 46.79 50.93 49.04 52.89

Competitive Comparison of Okamura's Cyclically Adjusted FCF per Share

For the Business Equipment & Supplies subindustry, Okamura'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.


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

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

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



Okamura 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, Okamura'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)
=12.214/107.2000*107.2000
=12.214

Current CPI (Mar. 2024) = 107.2000.

Okamura Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 13.969 98.000 15.280
201409 -21.457 98.500 -23.352
201412 26.095 97.900 28.574
201503 -13.498 97.900 -14.780
201506 52.804 98.400 57.526
201509 14.497 98.500 15.777
201512 26.152 98.100 28.578
201603 -20.396 97.900 -22.334
201606 44.824 98.100 48.982
201609 -1.543 98.000 -1.688
201612 21.032 98.400 22.913
201703 -50.927 98.100 -55.651
201706 51.172 98.500 55.692
201709 -5.056 98.800 -5.486
201712 36.756 99.400 39.640
201803 -19.845 99.200 -21.445
201806 46.935 99.200 50.720
201809 11.339 99.900 12.168
201812 -23.050 99.700 -24.784
201903 -9.796 99.700 -10.533
201906 55.017 99.800 59.096
201909 23.341 100.100 24.997
201912 1.516 100.500 1.617
202003 -5.420 100.300 -5.793
202006 64.672 99.900 69.398
202009 21.618 99.900 23.198
202012 75.223 99.300 81.208
202103 37.533 99.900 40.276
202106 8.785 99.500 9.465
202109 -22.887 100.100 -24.510
202112 20.165 100.100 21.595
202203 -13.531 101.100 -14.347
202206 6.681 101.800 7.035
202209 -16.954 103.100 -17.628
202212 3.059 104.100 3.150
202303 8.431 104.400 8.657
202306 -4.194 105.200 -4.274
202309 40.666 106.200 41.049
202312 -3.328 106.800 -3.340
202403 12.214 107.200 12.214

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


Okamura  (TSE:7994) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2289.00/52.89
=43.28

* 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 Okamura was 48.92. The lowest was 16.64. And the median was 29.01.


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.


Okamura Cyclically Adjusted FCF per Share Related Terms

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


Okamura (TSE:7994) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Bldg 19, No. 1, No. 4 Tenri Kitasaiwai 1-chome, Nishi-ku, Yokohama, JPN, 220-0004
Okamura Corp is a Japanese manufacturer that operates through three segments. The office furniture segment provides office seating, desks, storage, filing supplies, room furniture, and fixtures. The store displays segment comprises products including display fixtures for food and stores, checkout facilities, and showcases. The material handling systems and others segment consists of automated warehouse, conveyor systems, sorting systems, shelves, and equipment for plants and warehouses. Combined, the office furniture and store displays segments contribute the majority of group sales. Okamura's products are manufactured both in Japan and overseas and are delivered across the world by its distribution network.

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