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Mitsubishi Chemical Group (TSE:4188) Cyclically Adjusted FCF per Share : 円112.35 (As of Mar. 2024)


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What is Mitsubishi Chemical Group 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 Chemical Group's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円70.764. 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112.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mitsubishi Chemical Group's average Cyclically Adjusted FCF Growth Rate was 12.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.80% 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 Mitsubishi Chemical Group was 10.90% per year. The lowest was 2.10% per year. And the median was 8.05% per year.

As of today (2024-05-26), Mitsubishi Chemical Group's current stock price is 円812.80. Mitsubishi Chemical Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円112.35. Mitsubishi Chemical Group's Cyclically Adjusted Price-to-FCF of today is 7.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mitsubishi Chemical Group was 17.89. The lowest was 6.24. And the median was 9.27.


Mitsubishi Chemical Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Mitsubishi Chemical Group'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 Chemical Group Cyclically Adjusted FCF per Share Chart

Mitsubishi Chemical Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.84 95.68 96.88 99.78 112.35

Mitsubishi Chemical Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 99.78 99.66 103.85 104.38 112.35

Competitive Comparison of Mitsubishi Chemical Group's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Mitsubishi Chemical Group'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 Chemical Group's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsubishi Chemical Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mitsubishi Chemical Group 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 Chemical Group'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)
=70.764/107.2000*107.2000
=70.764

Current CPI (Mar. 2024) = 107.2000.

Mitsubishi Chemical Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 27.952 98.000 30.576
201409 11.159 98.500 12.145
201412 20.070 97.900 21.977
201503 55.849 97.900 61.154
201506 -40.587 98.400 -44.217
201509 22.846 98.500 24.864
201512 31.518 98.100 34.442
201603 41.267 97.900 45.187
201606 34.775 98.100 38.001
201609 33.183 98.000 36.298
201612 4.057 98.400 4.420
201703 56.795 98.100 62.063
201706 20.211 98.500 21.996
201709 33.586 98.800 36.441
201712 23.241 99.400 25.065
201803 31.821 99.200 34.387
201806 21.978 99.200 23.750
201809 55.188 99.900 59.221
201812 -6.237 99.700 -6.706
201903 48.982 99.700 52.667
201906 30.869 99.800 33.158
201909 61.775 100.100 66.157
201912 18.986 100.500 20.252
202003 29.732 100.300 31.777
202006 6.199 99.900 6.652
202009 18.767 99.900 20.138
202012 33.406 99.300 36.064
202103 86.055 99.900 92.343
202106 16.971 99.500 18.284
202109 14.664 100.100 15.704
202112 10.556 100.100 11.305
202203 15.754 101.100 16.705
202206 -30.798 101.800 -32.432
202209 5.516 103.100 5.735
202212 6.210 104.100 6.395
202303 69.666 104.400 71.534
202306 -5.536 105.200 -5.641
202309 52.172 106.200 52.663
202312 12.146 106.800 12.191
202403 70.764 107.200 70.764

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


Mitsubishi Chemical Group  (TSE:4188) 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 Chemical Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=812.80/112.35
=7.23

* 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 Chemical Group was 17.89. The lowest was 6.24. And the median was 9.27.


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 Chemical Group Cyclically Adjusted FCF per Share Related Terms

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


Mitsubishi Chemical Group (TSE:4188) Business Description

Traded in Other Exchanges
Address
1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251
Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

Mitsubishi Chemical Group (TSE:4188) Headlines

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