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NTN (TSE:6472) Cyclically Adjusted Price-to-FCF : 41.03 (As of Jun. 05, 2024)


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What is NTN Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), NTN's current share price is 円328.20. NTN's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円8.00. NTN's Cyclically Adjusted Price-to-FCF for today is 41.03.

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

TSE:6472' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.16   Med: 76.02   Max: 266.67
Current: 39.99

During the past years, NTN's highest Cyclically Adjusted Price-to-FCF was 266.67. The lowest was 29.16. And the median was 76.02.

TSE:6472's Cyclically Adjusted Price-to-FCF is ranked worse than
58.2% of 1031 companies
in the Industrial Products industry
Industry Median: 32.99 vs TSE:6472: 39.99

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.

NTN's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円-0.438. 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8.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NTN Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NTN'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.

NTN Cyclically Adjusted Price-to-FCF Chart

NTN 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 - - - 43.72 39.43

NTN 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 43.72 34.64 34.32 28.63 39.43

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

For the Tools & Accessories subindustry, NTN'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.


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

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

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



NTN 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=328.20/8
=41.03

* 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.

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

For example, NTN'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)
=-0.438/107.2000*107.2000
=-0.438

Current CPI (Mar. 2024) = 107.2000.

NTN Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -33.335 98.000 -36.464
201409 15.149 98.500 16.487
201412 3.557 97.900 3.895
201503 -5.406 97.900 -5.920
201506 18.592 98.400 20.255
201509 -2.273 98.500 -2.474
201512 -14.359 98.100 -15.691
201603 14.265 97.900 15.620
201606 17.332 98.100 18.940
201609 11.321 98.000 12.384
201612 -2.675 98.400 -2.914
201703 12.570 98.100 13.736
201706 11.964 98.500 13.021
201709 11.064 98.800 12.005
201712 -4.555 99.400 -4.912
201803 11.085 99.200 11.979
201806 -6.807 99.200 -7.356
201809 -11.653 99.900 -12.505
201812 -6.859 99.700 -7.375
201903 6.488 99.700 6.976
201906 -6.413 99.800 -6.889
201909 -9.525 100.100 -10.201
201912 -37.084 100.500 -39.556
202003 5.324 100.300 5.690
202006 -35.297 99.900 -37.876
202009 -19.830 99.900 -21.279
202012 46.889 99.300 50.619
202103 21.131 99.900 22.675
202106 13.418 99.500 14.456
202109 -13.190 100.100 -14.126
202112 -22.517 100.100 -24.114
202203 -2.025 101.100 -2.147
202206 3.206 101.800 3.376
202209 19.131 103.100 19.892
202212 0.113 104.100 0.116
202303 -2.682 104.400 -2.754
202306 21.919 105.200 22.336
202309 25.647 106.200 25.888
202312 24.563 106.800 24.655
202403 -0.438 107.200 -0.438

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.


NTN  (TSE:6472) 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.


NTN Cyclically Adjusted Price-to-FCF Related Terms

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


NTN (TSE:6472) Business Description

Industry
Traded in Other Exchanges
Address
3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, JPN, 550-0003
NTN Corp is a Japan-based company that manufactures and sells bearings, constant velocity joints, precision equipment, aftermarket parts, and other mechanical parts. The company's products are used in a wide range of applications, including automobile, electric vehicle, rolling stock, wind turbine, construction and mining machinery, agricultural machinery, machine tools, office equipment, steel manufacturing machinery, paper manufacturing machinery, food machinery, medical equipment, aerospace, and robots. The company has a global presence, with Japan, the Americas, and Europe the three largest markets for the company.

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