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Hitachi (FRA:HIA1) Cyclically Adjusted Price-to-FCF : 94.31 (As of May. 26, 2024)


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What is Hitachi Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Hitachi's current share price is €91.48. Hitachi's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.97. Hitachi's Cyclically Adjusted Price-to-FCF for today is 94.31.

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

FRA:HIA1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 82.81   Med: 195.54   Max: 5887.5
Current: 96.79

During the past years, Hitachi's highest Cyclically Adjusted Price-to-FCF was 5887.50. The lowest was 82.81. And the median was 195.54.

FRA:HIA1's Cyclically Adjusted Price-to-FCF is ranked worse than
89.42% of 208 companies
in the Conglomerates industry
Industry Median: 19.625 vs FRA:HIA1: 96.79

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.

Hitachi's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.004. 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 €0.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hitachi Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hitachi'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.

Hitachi Cyclically Adjusted Price-to-FCF Chart

Hitachi 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 - - - 296.72 86.57

Hitachi 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 296.72 176.24 137.60 87.89 86.57

Competitive Comparison of Hitachi's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, Hitachi'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.


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

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

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



Hitachi 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=91.48/0.97
=94.31

* 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.

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

For example, Hitachi'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)
=2.004/107.2000*107.2000
=2.004

Current CPI (Mar. 2024) = 107.2000.

Hitachi Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.674 98.000 -0.737
201409 -1.215 98.500 -1.322
201412 -2.074 97.900 -2.271
201503 0.545 97.900 0.597
201506 -0.882 98.400 -0.961
201509 -0.598 98.500 -0.651
201512 -1.348 98.100 -1.473
201603 1.282 97.900 1.404
201606 -1.222 98.100 -1.335
201609 -0.373 98.000 -0.408
201612 -0.051 98.400 -0.056
201703 0.912 98.100 0.997
201706 0.249 98.500 0.271
201709 0.267 98.800 0.290
201712 0.720 99.400 0.776
201803 1.002 99.200 1.083
201806 0.090 99.200 0.097
201809 -0.307 99.900 -0.329
201812 -1.005 99.700 -1.081
201903 2.383 99.700 2.562
201906 -0.161 99.800 -0.173
201909 0.136 100.100 0.146
201912 0.116 100.500 0.124
202003 1.126 100.300 1.203
202006 0.690 99.900 0.740
202009 -0.250 99.900 -0.268
202012 1.074 99.300 1.159
202103 1.902 99.900 2.041
202106 0.308 99.500 0.332
202109 -0.663 100.100 -0.710
202112 -0.040 100.100 -0.043
202203 2.679 101.100 2.841
202206 0.039 101.800 0.041
202209 0.142 103.100 0.148
202212 0.374 104.100 0.385
202303 2.545 104.400 2.613
202306 0.203 105.200 0.207
202309 0.627 106.200 0.633
202312 1.012 106.800 1.016
202403 2.004 107.200 2.004

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.


Hitachi  (FRA:HIA1) 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.


Hitachi Cyclically Adjusted Price-to-FCF Related Terms

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


Hitachi (FRA:HIA1) Business Description

Industry
Traded in Other Exchanges
Address
6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8280
Hitachi Ltd provides IT services and has an expertise in the range of business fields, including financial services. The company's main products and services include system integration, consulting, cloud services, servers, storage, software, telecommunications and networks, and ATMs. Hitachi operates in various segments namely, Information and Telecommunication Systems; Social Infrastructure and Industrial Systems; Electronic Systems and Equipment; Construction Machinery; High Functional Materials and Components; Automotive Systems; Smart Life and Ecofriendly Systems; Financial Services; and Others.

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