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Internet Initiative Japan (TSE:3774) Cyclically Adjusted Price-to-FCF : 29.35 (As of May. 22, 2024)


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What is Internet Initiative Japan Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Internet Initiative Japan's current share price is 円2379.00. Internet Initiative Japan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円81.06. Internet Initiative Japan's Cyclically Adjusted Price-to-FCF for today is 29.35.

The historical rank and industry rank for Internet Initiative Japan's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSE:3774' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.36   Med: 26.11   Max: 55.54
Current: 30.31

During the past years, Internet Initiative Japan's highest Cyclically Adjusted Price-to-FCF was 55.54. The lowest was 14.36. And the median was 26.11.

TSE:3774's Cyclically Adjusted Price-to-FCF is ranked worse than
76.22% of 185 companies
in the Telecommunication Services industry
Industry Median: 12.96 vs TSE:3774: 30.31

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.

Internet Initiative Japan's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円46.634. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is 円81.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Internet Initiative Japan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Internet Initiative Japan's Cyclically Adjusted Price-to-FCF 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.

Internet Initiative Japan Cyclically Adjusted Price-to-FCF Chart

Internet Initiative Japan Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.86 31.53 36.73 41.18 35.08

Internet Initiative Japan Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 41.18 40.54 34.10 37.55 35.08

Competitive Comparison of Internet Initiative Japan's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Internet Initiative Japan'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.


Internet Initiative Japan's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Internet Initiative Japan's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Internet Initiative Japan Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Internet Initiative Japan's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2379.00/81.06
=29.35

* 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.

Internet Initiative Japan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Internet Initiative Japan'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)
=46.634/107.2000*107.2000
=46.634

Current CPI (Mar. 2024) = 107.2000.

Internet Initiative Japan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 4.995 98.000 5.464
201409 2.256 98.500 2.455
201412 11.456 97.900 12.544
201503 7.128 97.900 7.805
201506 0.694 98.400 0.756
201509 3.427 98.500 3.730
201512 -7.611 98.100 -8.317
201603 9.750 97.900 10.676
201606 -17.379 98.100 -18.991
201609 10.401 98.000 11.377
201612 -12.277 98.400 -13.375
201703 1.527 98.100 1.669
201706 -3.329 98.500 -3.623
201709 1.553 98.800 1.685
201712 -17.515 99.400 -18.889
201803 5.194 99.200 5.613
201806 19.281 99.200 20.836
201809 25.730 99.900 27.610
201812 3.027 99.700 3.255
201903 21.409 99.700 23.020
201906 3.600 99.800 3.867
201909 30.540 100.100 32.706
201912 47.634 100.500 50.810
202003 37.219 100.300 39.779
202006 46.482 99.900 49.879
202009 41.640 99.900 44.683
202012 39.427 99.300 42.564
202103 35.378 99.900 37.963
202106 19.241 99.500 20.730
202109 11.715 100.100 12.546
202112 89.445 100.100 95.789
202203 56.241 101.100 59.634
202206 10.285 101.800 10.831
202209 20.645 103.100 21.466
202212 42.887 104.100 44.164
202303 43.321 104.400 44.483
202306 -7.464 105.200 -7.606
202309 43.321 106.200 43.729
202312 40.457 106.800 40.609
202403 46.634 107.200 46.634

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


Internet Initiative Japan  (TSE:3774) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Internet Initiative Japan Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Internet Initiative Japan's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Internet Initiative Japan (TSE:3774) Business Description

Traded in Other Exchanges
Address
Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071
Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.

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