GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Yamaha Corp (OTCPK:YAMCY) » Definitions » Cyclically Adjusted FCF per Share

Yamaha (Yamaha) Cyclically Adjusted FCF per Share : $0.80 (As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Yamaha 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.

Yamaha's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.500. 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 $0.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Yamaha's average Cyclically Adjusted FCF Growth Rate was 2.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 0.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.20% 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 Yamaha was 13.30% per year. The lowest was 0.70% per year. And the median was 6.00% per year.

As of today (2024-06-10), Yamaha's current stock price is $23.72. Yamaha's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.80. Yamaha's Cyclically Adjusted Price-to-FCF of today is 29.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Yamaha was 71.91. The lowest was 25.51. And the median was 48.46.


Yamaha Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Yamaha'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.

Yamaha Cyclically Adjusted FCF per Share Chart

Yamaha 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 0.90 1.08 1.09 0.89 0.80

Yamaha 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 0.89 0.87 0.83 0.86 0.80

Competitive Comparison of Yamaha's Cyclically Adjusted FCF per Share

For the Leisure subindustry, Yamaha'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.


Yamaha's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

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

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



Yamaha 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, Yamaha'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)
=0.5/107.2000*107.2000
=0.500

Current CPI (Mar. 2024) = 107.2000.

Yamaha Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.054 98.000 0.059
201409 -0.026 98.500 -0.028
201412 0.171 97.900 0.187
201503 0.631 97.900 0.691
201506 0.146 98.400 0.159
201509 -0.043 98.500 -0.047
201512 0.431 98.100 0.471
201603 0.845 97.900 0.925
201606 -0.046 98.100 -0.050
201609 -0.003 98.000 -0.003
201612 0.376 98.400 0.410
201703 0.879 98.100 0.961
201706 -0.248 98.500 -0.270
201709 0.115 98.800 0.125
201712 0.485 99.400 0.523
201803 0.877 99.200 0.948
201806 -0.389 99.200 -0.420
201809 0.118 99.900 0.127
201812 0.027 99.700 0.029
201903 1.003 99.700 1.078
201906 0.133 99.800 0.143
201909 0.419 100.100 0.449
201912 0.862 100.500 0.919
202003 0.492 100.300 0.526
202006 -0.256 99.900 -0.275
202009 1.015 99.900 1.089
202012 0.629 99.300 0.679
202103 1.055 99.900 1.132
202106 0.501 99.500 0.540
202109 0.632 100.100 0.677
202112 0.167 100.100 0.179
202203 -0.177 101.100 -0.188
202206 -0.827 101.800 -0.871
202209 -0.138 103.100 -0.143
202212 -0.705 104.100 -0.726
202303 0.138 104.400 0.142
202306 0.239 105.200 0.244
202309 -0.022 106.200 -0.022
202312 0.131 106.800 0.131
202403 0.500 107.200 0.500

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


Yamaha  (OTCPK:YAMCY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.72/0.8
=29.65

* 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 Yamaha was 71.91. The lowest was 25.51. And the median was 48.46.


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.


Yamaha Cyclically Adjusted FCF per Share Related Terms

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


Yamaha (Yamaha) Business Description

Industry
Traded in Other Exchanges
Address
10-1, Nakazawa-cho, Naka-ku, Shizuoka, Hamamatsu, JPN, 430-8650
Yamaha is a Japanese manufacturer of musical instruments and audio equipment. The company organises itself into four segments, based on product type: musical instruments, audio equipment, electronic devices, and other. Sales in the musical instruments and audio equipment segments constitute the vast majority of consolidated revenue. The musical instruments segment, which contributes more than half of company revenue, includes pianos, wind, string, percussion, and digital music instruments, and music schools. Audio equipment includes AV receivers, amplifiers, speakers, commercial karaoke equipment, and conference systems. The company derives around a third of its revenue domestically, with North America, Europe, and China the next most significant geographies.

Yamaha (Yamaha) Headlines

From GuruFocus

David Herro Comments on Yamaha Motor

By Holly LaFon 10-09-2013

David Herro's Oakmark International Small Cap Fund Q3 Commentary

By Holly LaFon Holly LaFon 10-08-2013