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KDDI (TSE:9433) Cyclically Adjusted FCF per Share : 円284.78 (As of Mar. 2024)


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What is KDDI 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.

KDDI's adjusted free cash flow per share for the three months ended in Mar. 2024 was 円222.866. 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284.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KDDI's average Cyclically Adjusted FCF Growth Rate was 16.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.80% 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 KDDI was 16.20% per year. The lowest was 8.90% per year. And the median was 13.05% per year.

As of today (2024-05-20), KDDI's current stock price is 円4332.00. KDDI's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円284.78. KDDI's Cyclically Adjusted Price-to-FCF of today is 15.21.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of KDDI was 31.71. The lowest was 14.93. And the median was 19.61.


KDDI Cyclically Adjusted FCF per Share Historical Data

The historical data trend for KDDI'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.

KDDI Cyclically Adjusted FCF per Share Chart

KDDI 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 162.89 196.76 221.43 244.36 284.78

KDDI 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 244.36 246.50 254.37 262.08 284.78

Competitive Comparison of KDDI's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, KDDI'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.


KDDI's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, KDDI's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



KDDI 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, KDDI'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)
=222.866/107.2000*107.2000
=222.866

Current CPI (Mar. 2024) = 107.2000.

KDDI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -10.893 98.000 -11.916
201409 86.364 98.500 93.992
201412 -12.267 97.900 -13.432
201503 55.431 97.900 60.697
201506 -28.643 98.400 -31.205
201509 89.461 98.500 97.363
201512 41.335 98.100 45.169
201603 37.170 97.900 40.701
201606 55.996 98.100 61.190
201609 129.038 98.000 141.152
201612 51.675 98.400 56.296
201703 23.274 98.100 25.433
201706 22.833 98.500 24.850
201709 132.860 98.800 144.156
201712 -2.052 99.400 -2.213
201803 52.305 99.200 56.523
201806 10.529 99.200 11.378
201809 93.491 99.900 100.323
201812 3.117 99.700 3.351
201903 72.353 99.700 77.796
201906 -22.113 99.800 -23.753
201909 116.662 100.100 124.937
201912 81.396 100.500 86.822
202003 128.640 100.300 137.490
202006 29.662 99.900 31.829
202009 146.898 99.900 157.632
202012 83.442 99.300 90.080
202103 201.285 99.900 215.994
202106 -82.200 99.500 -88.561
202109 129.905 100.100 139.119
202112 46.445 100.100 49.739
202203 261.974 101.100 277.781
202206 -50.799 101.800 -53.494
202209 170.910 103.100 177.707
202212 54.755 104.100 56.386
202303 28.892 104.400 29.667
202306 20.780 105.200 21.175
202309 119.917 106.200 121.046
202312 91.346 106.800 91.688
202403 222.866 107.200 222.866

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


KDDI  (TSE:9433) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4332.00/284.78
=15.21

* 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 KDDI was 31.71. The lowest was 14.93. And the median was 19.61.


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.


KDDI Cyclically Adjusted FCF per Share Related Terms

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


KDDI (TSE:9433) Business Description

Traded in Other Exchanges
Address
Garden Air Tower, 10-10, Iidabashi 3-chome, Chiyoda-ku, Tokyo, JPN, 102-8460
KDDI is Japan's second-largest wireless operator (31% market share), the largest pay-TV operator (53% market share) and the second-largest provider of fibre-to-the-home broadband (12% market share). It has grown through acquisition and is focusing on increasing the number of customers who subscribe to more than one telecommunication service. It is also looking to grow its Life Design business which includes commerce, energy, and finance and had over 42 million Internet of Things connections by the end of September 2023.

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