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Daikin Industries (WBO:DKI) Cyclically Adjusted Price-to-FCF : 41.14 (As of May. 31, 2024)


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What is Daikin Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), Daikin Industries's current share price is €133.70. Daikin Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.25. Daikin Industries's Cyclically Adjusted Price-to-FCF for today is 41.14.

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

WBO:DKI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.63   Med: 39.25   Max: 60.25
Current: 43.3

During the past years, Daikin Industries's highest Cyclically Adjusted Price-to-FCF was 60.25. The lowest was 24.63. And the median was 39.25.

WBO:DKI's Cyclically Adjusted Price-to-FCF is ranked worse than
77.78% of 585 companies
in the Construction industry
Industry Median: 18.32 vs WBO:DKI: 43.30

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.

Daikin Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.048. 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 €3.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daikin Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Daikin Industries'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.

Daikin Industries Cyclically Adjusted Price-to-FCF Chart

Daikin Industries 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 33.15 47.65 43.23 46.29 38.90

Daikin Industries 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 46.29 58.86 46.02 44.54 38.90

Competitive Comparison of Daikin Industries's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Daikin Industries'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.


Daikin Industries's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Daikin Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Daikin Industries 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=133.70/3.25
=41.14

* 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.

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

For example, Daikin Industries'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)
=1.048/107.2000*107.2000
=1.048

Current CPI (Mar. 2024) = 107.2000.

Daikin Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.151 98.000 -0.165
201409 1.420 98.500 1.545
201412 0.385 97.900 0.422
201503 0.546 97.900 0.598
201506 0.152 98.400 0.166
201509 2.316 98.500 2.521
201512 0.616 98.100 0.673
201603 0.224 97.900 0.245
201606 1.189 98.100 1.299
201609 2.573 98.000 2.815
201612 0.757 98.400 0.825
201703 0.712 98.100 0.778
201706 0.287 98.500 0.312
201709 2.361 98.800 2.562
201712 0.688 99.400 0.742
201803 0.248 99.200 0.268
201806 1.028 99.200 1.111
201809 2.577 99.900 2.765
201812 0.453 99.700 0.487
201903 0.280 99.700 0.301
201906 1.168 99.800 1.255
201909 2.687 100.100 2.878
201912 1.284 100.500 1.370
202003 0.677 100.300 0.724
202006 0.949 99.900 1.018
202009 3.600 99.900 3.863
202012 1.702 99.300 1.837
202103 1.110 99.900 1.191
202106 0.863 99.500 0.930
202109 2.658 100.100 2.847
202112 0.025 100.100 0.027
202203 -0.114 101.100 -0.121
202206 0.366 101.800 0.385
202209 0.671 103.100 0.698
202212 -0.876 104.100 -0.902
202303 -0.539 104.400 -0.553
202306 -0.816 105.200 -0.832
202309 2.122 106.200 2.142
202312 0.989 106.800 0.993
202403 1.048 107.200 1.048

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.


Daikin Industries  (WBO:DKI) 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.


Daikin Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Daikin Industries (WBO:DKI) Business Description

Industry
Traded in Other Exchanges
Address
Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, JPN, 530-8323
Daikin Industries is one of the world's largest heating, ventilating and air conditioning, or HVAC, companies. North America, Japan, China, and Europe are Daikin's four biggest markets, accounting for 24.1%, 23.7%, 16.7%, and 14.5% of fiscal 2018 revenue, respectively. Air conditioning accounted for around 90% of revenue and operating profit, while chemicals and others made up the balance.

Daikin Industries (WBO:DKI) Headlines

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