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SCSK (TSE:9719) Cyclically Adjusted FCF per Share : 円105.90 (As of Mar. 2024)


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What is SCSK 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.

SCSK's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円51.578. 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105.90 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SCSK's average Cyclically Adjusted FCF Growth Rate was 12.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.20% 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 SCSK was 14.70% per year. The lowest was 10.20% per year. And the median was 10.95% per year.

As of today (2024-06-04), SCSK's current stock price is 円3016.00. SCSK's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円105.90. SCSK's Cyclically Adjusted Price-to-FCF of today is 28.48.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SCSK was 32.84. The lowest was 19.69. And the median was 26.76.


SCSK Cyclically Adjusted FCF per Share Historical Data

The historical data trend for SCSK'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.

SCSK Cyclically Adjusted FCF per Share Chart

SCSK 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 69.97 79.09 86.63 93.92 105.90

SCSK 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 93.92 100.53 101.50 104.56 105.90

Competitive Comparison of SCSK's Cyclically Adjusted FCF per Share

For the Information Technology Services subindustry, SCSK'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.


SCSK's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



SCSK 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, SCSK'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)
=51.578/107.2000*107.2000
=51.578

Current CPI (Mar. 2024) = 107.2000.

SCSK Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 14.463 98.000 15.821
201409 2.441 98.500 2.657
201412 17.651 97.900 19.328
201503 15.899 97.900 17.409
201506 15.484 98.400 16.869
201509 2.948 98.500 3.208
201512 20.946 98.100 22.889
201603 35.166 97.900 38.507
201606 8.911 98.100 9.738
201609 -1.034 98.000 -1.131
201612 26.311 98.400 28.664
201703 38.232 98.100 41.778
201706 23.853 98.500 25.960
201709 -4.497 98.800 -4.879
201712 26.803 99.400 28.906
201803 28.259 99.200 30.538
201806 28.146 99.200 30.416
201809 10.217 99.900 10.964
201812 5.015 99.700 5.392
201903 15.211 99.700 16.355
201906 45.273 99.800 48.630
201909 9.179 100.100 9.830
201912 43.195 100.500 46.075
202003 39.000 100.300 41.683
202006 27.886 99.900 29.924
202009 26.567 99.900 28.508
202012 10.758 99.300 11.614
202103 40.336 99.900 43.283
202106 74.386 99.500 80.143
202109 8.590 100.100 9.199
202112 31.817 100.100 34.074
202203 29.334 101.100 31.104
202206 24.451 101.800 25.748
202209 14.254 103.100 14.821
202212 21.611 104.100 22.255
202303 33.441 104.400 34.338
202306 68.999 105.200 70.311
202309 40.534 106.200 40.916
202312 25.530 106.800 25.626
202403 51.578 107.200 51.578

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


SCSK  (TSE:9719) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3016.00/105.9
=28.48

* 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 SCSK was 32.84. The lowest was 19.69. And the median was 26.76.


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.


SCSK Cyclically Adjusted FCF per Share Related Terms

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


SCSK (TSE:9719) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » SCSK Corp (TSE:9719) » Definitions » Cyclically Adjusted FCF per Share
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Address
Toyosu Front, 3-2-20 Toyosu, Koto-ku, Tokyo, JPN, 135-8110
SCSK Corp is an information technology-based company in Japan. Its business involves the provision of IT infrastructure and solutions for applications in various markets. The IT Platform segment provides IT infrastructure construction-related services. Industrial Systems is concerned with infrastructure systems, information systems, and enterprise resource planning (ERP) solutions. The Financial Systems segment provides various systems for the bank and non-bank customers. The Business Solutions segment renders customer relationship management and business intelligence.

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