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NSK (TSE:6471) Cyclically Adjusted Price-to-FCF : 17.22 (As of Jun. 01, 2024)


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What is NSK Cyclically Adjusted Price-to-FCF?

As of today (2024-06-01), NSK's current share price is 円769.90. NSK's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円44.71. NSK's Cyclically Adjusted Price-to-FCF for today is 17.22.

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

TSE:6471' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.71   Med: 20.57   Max: 53.4
Current: 17.04

During the past years, NSK's highest Cyclically Adjusted Price-to-FCF was 53.40. The lowest was 12.71. And the median was 20.57.

TSE:6471's Cyclically Adjusted Price-to-FCF is ranked better than
58.79% of 495 companies
in the Vehicles & Parts industry
Industry Median: 21.57 vs TSE:6471: 17.04

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.

NSK's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円-8.346. 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44.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NSK Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NSK'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.

NSK Cyclically Adjusted Price-to-FCF Chart

NSK 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 15.14 26.14 18.89 18.43 19.75

NSK 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 18.43 18.68 17.09 16.33 19.75

Competitive Comparison of NSK's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, NSK'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.


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

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

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



NSK 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.

NSK's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=769.90/44.71
=17.22

* 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.

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

For example, NSK'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)
=-8.346/107.2000*107.2000
=-8.346

Current CPI (Mar. 2024) = 107.2000.

NSK Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 12.016 98.000 13.144
201409 -11.920 98.500 -12.973
201412 19.740 97.900 21.615
201503 20.122 97.900 22.033
201506 43.482 98.400 47.371
201509 9.838 98.500 10.707
201512 52.996 98.100 57.912
201603 9.492 97.900 10.394
201606 41.949 98.100 45.840
201609 -11.387 98.000 -12.456
201612 31.845 98.400 34.693
201703 -34.910 98.100 -38.148
201706 48.503 98.500 52.787
201709 -12.741 98.800 -13.824
201712 -12.535 99.400 -13.519
201803 19.012 99.200 20.545
201806 44.545 99.200 48.137
201809 -8.964 99.900 -9.619
201812 -6.048 99.700 -6.503
201903 6.749 99.700 7.257
201906 41.231 99.800 44.288
201909 -15.300 100.100 -16.385
201912 26.116 100.500 27.857
202003 -4.306 100.300 -4.602
202006 -0.305 99.900 -0.327
202009 -10.713 99.900 -11.496
202012 36.261 99.300 39.146
202103 13.585 99.900 14.578
202106 13.357 99.500 14.391
202109 -24.687 100.100 -26.438
202112 -12.144 100.100 -13.005
202203 -13.260 101.100 -14.060
202206 7.899 101.800 8.318
202209 -16.418 103.100 -17.071
202212 26.637 104.100 27.430
202303 5.995 104.400 6.156
202306 104.410 105.200 106.395
202309 -18.966 106.200 -19.145
202312 4.032 106.800 4.047
202403 -8.346 107.200 -8.346

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.


NSK  (TSE:6471) 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.


NSK Cyclically Adjusted Price-to-FCF Related Terms

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


NSK (TSE:6471) Business Description

Industry
Traded in Other Exchanges
Address
Nissei Building, 1-6-3 Ohsaki, Shinagawa-ku, Tokyo, JPN, 141-8560
NSK Ltd is a Japan-based company which manufactures and sells automotive products, precision machinery and mechatronic products. The company has two business segments, the Industrial Machinery business and the Automotive Business. The Industrial machinery bearing business is comprised of three sub-segments the general machinery, electrical and IT equipment and Aftermarket segment. The Automotive business is engaged in production and sales of bearings for car manufacturers and automotive component manufacturers, steering columns and automatic transmission components. Its products include ball bearings, roller bearings, Plummer blocks, electric power steering and super precision bearings.

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