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Mitsubishi (TSE:8058) Cyclically Adjusted FCF per Share : 円140.43 (As of Dec. 2023)


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What is Mitsubishi 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.

Mitsubishi's adjusted free cash flow per share for the three months ended in Dec. 2023 was 円38.109. 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 円140.43 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mitsubishi's average Cyclically Adjusted FCF Growth Rate was 26.00% 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.

As of today (2024-04-27), Mitsubishi's current stock price is 円3529.00. Mitsubishi's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円140.43. Mitsubishi's Cyclically Adjusted Price-to-FCF of today is 25.13.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mitsubishi was 49.02. The lowest was 11.56. And the median was 15.71.


Mitsubishi Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mitsubishi'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.

Mitsubishi Cyclically Adjusted FCF per Share Chart

Mitsubishi Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 73.70 82.09 121.58

Mitsubishi Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 111.46 121.58 132.62 135.71 140.43

Competitive Comparison of Mitsubishi's Cyclically Adjusted FCF per Share

For the Conglomerates subindustry, Mitsubishi'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.


Mitsubishi's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

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

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



Mitsubishi 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, Mitsubishi's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=38.109/106.8000*106.8000
=38.109

Current CPI (Dec. 2023) = 106.8000.

Mitsubishi Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -10.100 95.700 -11.271
201406 -16.773 98.000 -18.279
201409 36.510 98.500 39.586
201412 2.907 97.900 3.171
201503 78.349 97.900 85.472
201506 -27.395 98.400 -29.734
201509 40.844 98.500 44.286
201512 40.123 98.100 43.681
201603 41.603 97.900 45.385
201606 -19.729 98.100 -21.479
201609 36.849 98.000 40.158
201612 39.259 98.400 42.610
201703 32.350 98.100 35.219
201706 19.164 98.500 20.779
201709 36.089 98.800 39.011
201712 11.694 99.400 12.565
201803 31.317 99.200 33.716
201806 -0.299 99.200 -0.322
201809 31.455 99.900 33.628
201812 25.768 99.700 27.603
201903 13.759 99.700 14.739
201906 17.838 99.800 19.089
201909 24.505 100.100 26.145
201912 55.331 100.500 58.800
202003 16.075 100.300 17.117
202006 44.493 99.900 47.566
202009 50.900 99.900 54.416
202012 27.810 99.300 29.910
202103 18.356 99.900 19.624
202106 9.463 99.500 10.157
202109 29.615 100.100 31.597
202112 34.485 100.100 36.793
202203 75.293 101.100 79.538
202206 140.423 101.800 147.320
202209 49.844 103.100 51.633
202212 56.363 104.100 57.825
202303 88.403 104.400 90.435
202306 85.589 105.200 86.891
202309 20.731 106.200 20.848
202312 38.109 106.800 38.109

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


Mitsubishi  (TSE:8058) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3529.00/140.43
=25.13

* 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 Mitsubishi was 49.02. The lowest was 11.56. And the median was 15.71.


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.


Mitsubishi Cyclically Adjusted FCF per Share Related Terms

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


Mitsubishi (TSE:8058) Business Description

Industry
Address
Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8086
Mitsubishi Corp is a conglomerate that operates businesses in various industries. Its operating segments include Natural Gas, Industrial materials, Petroleum & chemicals, Mineral resource, Industrial Infrastructure, Automotive, Food & Consumer Industry, Power Solution, and Urban Development.

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