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Nichias (TSE:5393) Cyclically Adjusted Price-to-FCF : 30.66 (As of Jun. 06, 2024)


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What is Nichias Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Nichias's current share price is 円4510.00. Nichias's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円147.10. Nichias's Cyclically Adjusted Price-to-FCF for today is 30.66.

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

TSE:5393' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.75   Med: 24.75   Max: 42.9
Current: 32.32

During the past years, Nichias's highest Cyclically Adjusted Price-to-FCF was 42.90. The lowest was 16.75. And the median was 24.75.

TSE:5393's Cyclically Adjusted Price-to-FCF is ranked worse than
69.3% of 215 companies
in the Conglomerates industry
Industry Median: 18.88 vs TSE:5393: 32.32

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.

Nichias's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円124.947. 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 円147.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nichias Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nichias'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.

Nichias Cyclically Adjusted Price-to-FCF Chart

Nichias 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 20.57 28.91 21.25 20.59 27.67

Nichias 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 20.59 22.82 22.96 24.90 27.67

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

For the Conglomerates subindustry, Nichias'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.


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

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

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



Nichias 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4510.00/147.1
=30.66

* 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.

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

For example, Nichias'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)
=124.947/107.2000*107.2000
=124.947

Current CPI (Mar. 2024) = 107.2000.

Nichias Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 8.621 98.000 9.430
201409 33.564 98.500 36.529
201412 5.957 97.900 6.523
201503 25.053 97.900 27.433
201506 33.815 98.400 36.839
201509 26.758 98.500 29.121
201512 -9.464 98.100 -10.342
201603 82.225 97.900 90.036
201606 46.773 98.100 51.112
201609 52.720 98.000 57.669
201612 38.126 98.400 41.536
201703 99.053 98.100 108.241
201706 38.702 98.500 42.120
201709 -30.840 98.800 -33.462
201712 -4.028 99.400 -4.344
201803 79.151 99.200 85.534
201806 7.217 99.200 7.799
201809 -16.159 99.900 -17.340
201812 -6.994 99.700 -7.520
201903 75.054 99.700 80.700
201906 32.727 99.800 35.154
201909 22.205 100.100 23.780
201912 -7.582 100.500 -8.087
202003 107.259 100.300 114.638
202006 89.681 99.900 96.234
202009 -29.487 99.900 -31.642
202012 0.693 99.300 0.748
202103 95.667 99.900 102.658
202106 110.262 99.500 118.795
202109 92.004 100.100 98.530
202112 -75.135 100.100 -80.464
202203 106.116 101.100 112.519
202206 -27.287 101.800 -28.734
202209 45.784 103.100 47.605
202212 5.548 104.100 5.713
202303 127.028 104.400 130.435
202306 10.779 105.200 10.984
202309 -22.837 106.200 -23.052
202312 -17.288 106.800 -17.353
202403 124.947 107.200 124.947

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.


Nichias  (TSE:5393) 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.


Nichias Cyclically Adjusted Price-to-FCF Related Terms

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


Nichias (TSE:5393) Business Description

Industry
Traded in Other Exchanges
Address
6-1, Hatchobori 1-chome, Chuo-ku, Tokyo, JPN, 104-8555
Nichias Corp is engaged in five businesses, each contributing between roughly 10% and 30% of the company's total revenue. Energy and Industrial Plants, the largest business by sales, provides engineering services and products to energy plant customers that have construction and maintenance needs. Industrial Products provides a wide range of products to the infrastructure industry. Autoparts provides heat-proofing and sound-proofing products to automobile and automobile parts manufacturers. Building Materials supplies and installs fireproof building materials for residences and buildings. Advanced Products, the smallest business, provides components and materials for semiconductors to electronics-related industries. Nearly all the company's sales are in Asia, with more than 80% from Japan.

Nichias (TSE:5393) Headlines

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