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DIP (TSE:2379) Cyclically Adjusted FCF per Share : 円113.20 (As of Feb. 2024)


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What is DIP 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.

DIP's adjusted free cash flow per share for the three months ended in Feb. 2024 was 円39.231. 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113.20 for the trailing ten years ended in Feb. 2024.

During the past 12 months, DIP's average Cyclically Adjusted FCF Growth Rate was -1.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 66.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of DIP was 66.50% per year. The lowest was 66.50% per year. And the median was 66.50% per year.

As of today (2024-06-08), DIP's current stock price is 円2689.00. DIP's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was 円113.20. DIP's Cyclically Adjusted Price-to-FCF of today is 23.75.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DIP was 450.72. The lowest was 22.45. And the median was 42.33.


DIP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for DIP'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.

DIP Cyclically Adjusted FCF per Share Chart

DIP Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 24.53 83.80 115.03 113.20

DIP Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 115.03 104.71 111.13 110.28 113.20

Competitive Comparison of DIP's Cyclically Adjusted FCF per Share

For the Staffing & Employment Services subindustry, DIP'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.


DIP's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

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

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



DIP 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, DIP's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=39.231/106.9000*106.9000
=39.231

Current CPI (Feb. 2024) = 106.9000.

DIP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.000 98.100 0.000
201408 0.000 98.300 0.000
201411 0.000 97.900 0.000
201502 0.000 97.600 0.000
201505 0.000 98.700 0.000
201508 0.000 98.400 0.000
201511 0.000 98.100 0.000
201602 0.000 97.800 0.000
201605 0.000 98.200 0.000
201608 0.000 97.900 0.000
201611 0.000 98.600 0.000
201702 0.000 98.100 0.000
201705 0.000 98.600 0.000
201708 0.000 98.500 0.000
201711 0.000 99.100 0.000
201802 0.000 99.500 0.000
201805 0.000 99.300 0.000
201808 0.000 99.800 0.000
201811 0.000 100.000 0.000
201902 0.000 99.700 0.000
201905 0.000 100.000 0.000
201908 0.000 100.000 0.000
201911 0.000 100.500 0.000
202002 0.000 100.300 0.000
202005 21.959 100.100 23.451
202008 -7.253 100.100 -7.746
202011 8.363 99.500 8.985
202102 23.078 99.800 24.720
202105 59.560 99.400 64.054
202108 7.196 99.700 7.716
202111 30.610 100.100 32.689
202202 22.646 100.700 24.040
202205 30.421 101.800 31.945
202208 40.339 102.700 41.989
202211 44.349 103.900 45.630
202302 55.695 104.000 57.248
202305 -8.430 105.100 -8.574
202308 46.044 105.900 46.479
202311 20.937 106.900 20.937
202402 39.231 106.900 39.231

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


DIP  (TSE:2379) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2689.00/113.2
=23.75

* 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 DIP was 450.72. The lowest was 22.45. And the median was 42.33.


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.


DIP Cyclically Adjusted FCF per Share Related Terms

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


DIP (TSE:2379) Business Description

Industry
Traded in Other Exchanges
N/A
Address
32nd Floor, Izumi Garden Tower, 1-6-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6032
Dip is a Japan-based technology company that mainly provides job information and employment agency services online. The company has five business divisions. The Baitoru Com segment offers job information to contractors and recruiting companies. The Job Engine segment provides job offering and career change information to recruiting companies. The Hatarako Net provides staff service job information to staffing companies. The Other division specializes in services for restaurant customers, while the Agent segment provides employment services for healthcare facilities.

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